Bulawayo24 News - Skyes! "it makes perfect sense"

Zesa rebundling begins

Mutapa Investment Fund (MIF) has initiated the process of rebundling ZESA Holdings, aiming to streamline operations, enhance efficiency, and reduce costs within Zimbabwe's struggling electricity sector, MIF CEO Dr John Mangudya has confirm…

Published: 29 Jun 2025 at 11:21hrs | 7465 | by Staff reporter

Mangudya calls for equitable IMF fund disbursements

Former Reserve Bank of Zimbabwe (RBZ) governor and current CEO of Mutapa Investment Fund, John Mangudya, has urged the International Monetary Fund (IMF) to ensure equitable disbursements of funds to Africa to enable the continent to realiz…

Published: 28 Jun 2025 at 14:44hrs | 71 | by Staff reporter

Mutapa assets valued at US$16bn

A comprehensive valuation of companies under the Mutapa Investment Fund (MIF), carried out by prominent local and international accounting firms over the past five months, has placed the total value of its assets at US$16 billion, position…

Published: 06 Oct 2024 at 10:02hrs | 298 | by Staff reporter

Mushayavanhu discards ZiG banknotes with Mangudya's signature

The Reserve Bank of Zimbabwe (RBZ), under new governor John Mushayavanhu, destroyed millions' worth of Zimbabwe Gold (ZiG) banknotes that had been printed with the signature of his predecessor, John Mangudya. When Mushayavanhu introduced t…

Published: 01 Jul 2024 at 10:29hrs | 23 | by Staff reporter

Why Mnangagwa cut short Mangudya's Zimbabwe Reserve Bank stay

PRESIDENT Emmerson Mnangagwa was yesterday forced to retire Reserve Bank of Zimbabwe (RBZ) governor John Mangudya a month earlier to give his successor room to come up with fresh measures to stabilise the economy.NewsDay understands that g…

Published: 29 Mar 2024 at 04:52hrs | 19 | by Staff reporter

Mnangagwa cuts short Mangudya's term at RBZ

President Emmerson Mnangagwa on Thursday brought forward by a month the appointment of John Mushayavanhu as the new Reserve Bank of Zimbabwe governor, hoping to stem the collapse of the local currency.The official exchange rate moved from …

Published: 28 Mar 2024 at 16:10hrs | 12 | by Staff reporter

Mangudya says Zimdollar turmoil temporary

As Zimbabwe's parallel market reels under the strain of a currency crisis, central bank governor, John Mangudya, assures the public that this turmoil is merely passing.This grey market, operating outside formal banking channels, has experi…

Published: 18 Jan 2024 at 17:55hrs | 4 | by Staff reporter

Mangudya rules out dollarisation

RESERVE Bank of Zimbabwe (RBZ) governor John Mangudya yesterday claimed that past experiences, rather than basic economic issues, were to blame for the country's exchange rate volatility, as he ruled out dollarisation.Over the past few wee…

Published: 02 Jun 2023 at 06:46hrs | 2 | by Staff reporter

'Zimbabwe has no capacity for full dollarisation'

RESERVE Bank of Zimbabwe (RBZ) Governor, Dr John Mangudya, has urged Zimbabweans to embrace the local currency saying the country has no capacity to sustain a fully dollarised economy.While the Government has allowed partial use of foreign…

Published: 02 Jun 2023 at 06:42hrs | 1 | by Staff reporter

Forex speculators to face disciplinary action

THE market should expect significant restoration of stability in the pricing of basic goods in response to comprehensive Government measures while disciplinary action will be swiftly meted against businesses that fuel exchange volatility b…

Published: 23 May 2023 at 06:34hrs | 2 | by Staff reporter

Mthuli Ncube, Mangudya to face Parly grilling

FINANCE minister Mthuli Ncube and Reserve Bank of Zimbabwe (RBZ) governor John Mangudya are expected to face grilling soon from Parliament over allegations that the Central Bank was being used as a conduit for money laundering and other il…

Published: 17 Apr 2023 at 06:19hrs | 2 | by Staff reporter

RBZ boss speaks on looming exit

The Reserve Bank of Zimbabwe (RBZ) governor John Mangudya says his top priorities are to leave behind a sound financial system, strong central bank, and stable prices as his two terms come to an end.Mangudya, an economist by training, was …

Published: 16 Apr 2023 at 08:32hrs | 1 | by Staff reporter

'Inflation is not on paper, you feel it'

Reserve Bank of Zimbabwe governor John Mangudya says inflation is "felt" by consumers and not on paper, as official statistics are being challenged by independent experts.For years, the Zimbabwe National Statistics Agency (ZimStat), the ma…

Published: 10 Apr 2023 at 07:28hrs | | by Staff reporter

Zimbabwe manufacturing sector on rebound

The Reserve Bank of Zimbabwe (RBZ) says the country's manufacturing sector is on a massive expansion push after consuming roughly 70% of all foreign currency injected into the economy last year.RBZ governor John Mangudya told guests at a b…

Published: 02 Apr 2023 at 11:02hrs | 7 | by Staff reporter

Mangudya warns against forex loans

In a situation where there is little foreign currency in the market despite the banking sector having US$2,5 billion in nostro deposits, Reserve Bank of Zimbabwe governor John Mangudya has warned against reckless borrowing.Mangudya spoke a…

Published: 12 Mar 2023 at 06:37hrs | 17 | by Staff Reporter

Mangudya has nothing against Al Jazeera

RESERVE Bank of Zimbabwe (RBZ) governor John Mangudya says he has "nothing against" Al Jazeera over a yet to be premiered exposÃ© on money laundering involving the country's gold.Qatar-based State-owned broadcaster, Al Jazeera, has announc…

Published: 08 Mar 2023 at 05:32hrs | 1 | by Staff reporter

'Small gold coins will further anchor stability'

The introduction of small gold coins last week is expected to further stabilise the exchange rate, Reserve Bank of Zimbabwe (RBZ) governor Dr John Mangudya has said.Large-denomination bullion coins worth $12 billion have already been sold …

Published: 20 Nov 2022 at 15:34hrs | 1 | by Staff reporter

Mthuli Ncube, Mangudya's unenviable task

I do not envy Finance and Economic Development Minister Professor Mthuli Ncube and the Reserve Bank of Zimbabwe Governor Dr John Mangudya.The two gentlemen must be having a torrid time.On one hand, fingers are pointing at them for "failing…

Published: 24 Jul 2022 at 09:59hrs | 14 | by Victoria Ruzvidzo

Mangudya defends new currency measures

RESERVE Bank of Zimbabwe (RBZ) governor John Mangudya says recent official exchange rate adjustments will help in mopping excess liquidity in the market and stabilise the currency and inflation.The forex auction and interbank rates have re…

Published: 03 Jul 2022 at 09:30hrs | 7 | by Staff reporter

'Mthuli Ncube, John Mangudya must resign'

OPPOSITION political parties have demanded that Finance minister Mthuli Ncube and Reserve Bank of Zimbabwe (RBZ) governor John Mangudya resign, accusing them of crafting anti-poor policies that are worsening the plight of the majority in t…

Published: 29 Jun 2022 at 07:49hrs | | by Staff reporter

Mangudya finds the $15 billion booty

On 18 June 2022, Zimbabwe woke up to the Reserve Bank Governor, Mangudya's admission that, "Fifteen major companies have been creating huge extra profits by borrowing billions of dollars, often from several banks, at concessionary interest…

Published: 19 Jun 2022 at 21:07hrs | 11 | by Sam Wezhira

Zimbabwe's inflation back above 100%

Zimbabwe's annual inflation jumped to 131 percent in May â€“ the highest it has been since June last year â€“ as it responds to the massive devaluation of the local currency and runaway price increases.Annual inflation stood at 96.4 percen…

Published: 25 May 2022 at 17:22hrs | 7 | by Staff reporter

'Zimbabwe Reserve Bank is not creating money'

The Sunday Mail Editor Victoria Ruzvidzo (VR) had a no-holds-barred interview with RBZ Governor Dr John Mangudya (JM) on the latest developments in the economy, among them suspension of bank lending, and their implications. Read on  .…

Published: 22 May 2022 at 08:26hrs | 14 | by Staff reporter

RBZ in dramatic U-turn on lending

THE central bank yesterday lifted its temporary suspension of lending services by banks after the policy triggered sustained protests from industry, commerce and the public in general.In a statement yesterday, the Reserve Bank of Zimbabwe …

Published: 18 May 2022 at 06:23hrs | 11 | by Staff reporter

Fire Mthuli and Mangudya

The Zimbabwean dollar is tumbling at a very fast rate and it  will only respond to the market when there is a change of government. As long as we are going to have this current leadership nothing will change.Has Zimbabwe been reduced …

Published: 15 May 2022 at 09:22hrs | 2 | by Leonard Koni

CZI hits back at Mangundya over Zimdollar crisis

THE Confederation of Zimbabwe Industries (CZI) has hit back at Reserve Bank of Zimbabwe (RBZ) governor John Mangudya's suggestion that their position on the crumbling local currency was misinformed.It warned that the economy faces a total …

Published: 25 Apr 2022 at 09:18hrs | 21 | by Staff reporter

No joy from RBZ governor

RESERVE Bank of Zimbabwe (RBZ) governor John Mangudya yesterday declined to increase cash withdrawal limits to match recent price hikes, as he battled to limit cash in circulation in order to fight inflation.In his Monetary Policy Statemen…

Published: 08 Feb 2022 at 05:37hrs | 3 | by Staff reporter

Zimbabwe on verge of redollarisation?

GOVERNMENT's failure to resolve a perennial currency crisis could push Zimbabwe back into dollarisation, analysts warned yesterday.In the past year, markets have been increasingly rejecting the free-falling local currency in favour of the …

Published: 02 Feb 2022 at 05:33hrs | 11 | by Staff reporter

Mangudya ranked worst performing central bank governor in Africa

The Central Banker Report Cards, published annually by Global Finance since 1994, grade the central bank governors of 101 key countries and territories, including the European Union, the Eastern Caribbean Central Bank, the Bank of Central …

Published: 12 Jan 2022 at 05:13hrs | 17 | by Staff reporter

LEAD hails RBZ Governor Mangudya

The Labour Economists and Afrikan Democrats (LEAD) has hailed the Reserve Bank of Zimbabwe (RBZ) Governor Dr John Mangudya for paying attention to their concerns on the need to make the United States of America Dollar available to all Zimb…

Published: 02 Sep 2021 at 10:34hrs | 1 | by Stephen Jakes

'Mthuli Ncube, Mangudya refusing to cooperate with fuel cartels investigations'

Energy and Power Development deputy minister Magna Mudyiwa has told Parliament that the finance ministry and the Reserve Bank of Zimbabwe (RBZ) are refusing to release information that is critical in investigating fuel cartels.Mudyiwa was …

Published: 28 Jul 2021 at 08:58hrs | 11 | by Staff reporter

Mangudya freaks out over RBZ balcony cuddlers

RESERVE Bank of Zimbabwe (RBZ) has thrown its employees captured sharing an intimate moment at its building under the bus after receiving backlash on social media.This comes after social media was awash with images of a 'couple' hugging on…

Published: 22 Jun 2021 at 17:10hrs | | by Staff reporter

RBZ goes for broke: names, shames forex abusers

THE Reserve Bank of Zimbabwe (RBZ) yesterday escalated plans to punish "outliers" including listed milling giant, National Foods, which it said were "abusing" foreign currency acquired through the auction system.The central bank named 18 c…

Published: 16 Jun 2021 at 08:29hrs | 4 | by Staff reporter

Mangudya clashes with World Bank

RESERVE Bank of Zimbabwe (RBZ) governor John Mangudya yesterday clashed with the World Bank representatives as he vehemently disputed their projected annual inflation rate.This played out at the launch of the World Bank's third economic up…

Published: 11 Jun 2021 at 06:40hrs | 8 | by Staff reporter

Mangudya plays down forex crisis

RESERVE Bank of Zimbabwe (RBZ) governor John Mangudya has down-played fears of an industrial bloodbath in the aftermath of government's move two weeks ago to effect far reaching reforms to stem the abuse of foreign currency obtained at the…

Published: 06 Jun 2021 at 10:00hrs | 1 | by Staff reporter

'Zimbabwe's financial sector needs to be harmonised,' says Mangudya

RESERVE Bank of Zimbabwe (RBZ) governor John Mangudya says the country must establish a Financial Sector Development Plan (FSDP) as part of efforts to coordinate the operations of companies working in various sub-sectors of the industry.Ma…

Published: 09 Apr 2021 at 07:36hrs | 3 | by Staff reporter

RBZ warns banks

The Reserve Bank of Zimbabwe (RBZ) has warned banks which offer overdrafts to companies to buy foreign currency from the auction system saying such a move creates speculation in the market and promotes rent-seeking behaviour which drives i…

Published: 18 Mar 2021 at 06:42hrs | 2 | by Staff rpeorter

RBZ chief warms up to fintech

THE Reserve Bank of Zimbabwe (RBZ) says it will create a financial technology (fintech) regulatory sandbox that is likely to transform the banking sector.According to Investopedia, fintech is new technology that seeks to improve and automa…

Published: 26 Feb 2021 at 06:48hrs | 4 | by Staff reporter

RBZ clarifies use of USD

RESERVE Bank of Zimbabwe (RBZ) Governor Dr John Mangudya has explained the use of US dollars in the country, including value and legal status of the virtual form of the greenback. This comes as the central bank has engaged banking institut…

Published: 22 Dec 2020 at 06:40hrs | | by Staff reporter

Mangudya slams Ncube tariff increases

RESERVE Bank of Zimbabwe (RBZ) governor John Mangudya has launched a rare scathing attack on the government for steeply increasing tariffs for public utilities, warning the decision will have serious ramifications on market stability.In th…

Published: 18 Dec 2020 at 06:21hrs | 2 | by Staff reporter

Mangudya warns money launderers

THE governor of the Reserve Bank of Zimbabwe (RBZ), John Mangudya, says authorities will step up the current crack down on individuals and companies that are moving large but unexplained sums of money, "until there is sanity in the economy…

Published: 02 Dec 2020 at 06:35hrs | 9 | by Staff reporter

RBZ swoops on foreign entities

THE Reserve Bank of Zimbabwe (RBZ) has launched an investigation into the conduct of at least 15 foreign-owned companies, which have allegedly externalised millions of United States dollars, according to top central bank sources.Although b…

Published: 27 Nov 2020 at 07:07hrs | 3 | by Staff reporter

Mangudya's auction has made doubting Thomases believe

On June 23, 2020, Reserve Bank of Zimbabwe (RBZ) Governor, Dr John Mangudya, introduced a market-based foreign exchange (forex) auction system for the country.Indeed, the auction came as refreshingly welcome news for most stakeholders, esp…

Published: 30 Aug 2020 at 08:28hrs | 2 | by Jameson Dapi

Mangudya stabilizes market and prices through Foreign exchange auction

The main objective of introducing the Foreign exchange auction is price stability and exchange rate price discovery. Prices have been stable for the past eight weeks or so, and hence optimism. That bids to the auction represents the desire…

Published: 26 Aug 2020 at 13:30hrs | 10 | by Tinashe Eric Muzamhindo

False and malicious article concerning the RBZ

The Business Times edition of 29 August - 4 September 2019 carried an article headlined "Bosses implicated in gold smuggling", with the subtitle "RBZ, two Harare businessmen 'behind intricate underhand dealings": The Reserve Bank of Zimbab…

Published: 01 Sep 2019 at 21:38hrs | | by John P Mangudya

'Funeral company' given government tender for fertilizer speaks out

A controversial company called FSG which was reportedly paid USD$400 million by the government to supply fertilizer for Command Agriculture has opened up on the deal. FSG issued a statement on Wednesday after a high ranking official from t…

Published: 29 Aug 2019 at 06:28hrs | 2 | by Mandla Ndlovu

Exposing government links with mysterious FSG company

It seems Parliament has a knack for asking all the right questions when it comes to Fertiliser, Seed Grain (FSG) private limited. Investigations have revealed that the company is located at number 75a Kew Drive has an unexplained military …

Published: 26 Aug 2019 at 20:36hrs | 325 | by Nicholas Ncube

Mthuli Ncube, Mangudya should contend with being unpopular

Finance and Economic Development Minister Professor Mthuli Ncube on Thursday presented a $10,85 billion Supplementary Budget and the 2019 Mid-Term National Budget Review Statement. Themed; "Building a Strong Foundation for Future Prosperit…

Published: 03 Aug 2019 at 09:19hrs | 1 | by Staff reporter

RBZ takes reforms gospel to churches

Reserve Bank of Zimbabwe Governor Dr John Mangudya yesterday met church organisations, under the banner of the Zimbabwe Amalgamated Church Council (ZACC) and explained the new local currency regime following the recent scrapping of multi-c…

Published: 19 Jul 2019 at 07:11hrs | 1 | by Staff reporter

'Zimbabweans sold US$8m to banks'

Zimbabweans sold about US$8 million to banks in exchange for the local currency after government outlawed the use of foreign currencies for domestic transactions, central bank chief John Mangudya said Monday.Speaking at a breakfast meeting…

Published: 08 Jul 2019 at 22:24hrs | | by Staff reporter

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Zim schools to introduce anti-sanctions curriculum, from ECD

National Sports Stadium rehab will be completed by year-end

High Court nullifies US$140,000 property sale in divorce dispute

Bulawayo records major HIV decline

Elderly overlooked in HIV prevention

Tagwirei publishes snakebite management guidebook

General Mutamba honoured with Zimbabwe's top policing award

Woman found buried in garden, stepdaughter arrested

Zimbabwe's highways double as drug pipelines

Zimbabwe accelerates school construction drive

Married woman caught pants down

Mnangagwa caps 640 HIT graduates

Zim medics become lifeline for migrants in South Africa

Man arrested for highlighting poor sanitation at Registrar's office

Statutory fees remain until laws are amended

RBZ assures stability over post post-dollarisation era

Zimbabwe industries push for legislative protection

Hichilema to make State Visit to Zimbabwe

Air Zim, NHS scoop tourism awards

Maimane calls on SA to hold Zanu-PF accountable

E.D. Mnangagwa road to close for sewer works

Armed forces and HIV infections

Vendor goes blind after stealing potatoes

Convict escapes prison, arrested in less than 12 hours

Pharmacist sues CID officers for malicious arrest

Manicaland councils in disarray

Tourism Minister's Stance on Robots in Hotels Sparks Interest

Private parts rip-off attempt, condom wearing delay rescues rape victim

Mnangagwa's Zimbabwe: Speak out, get jailed

60% of Zimbabweans visit sangomas

RBZ's FIU goes after car dealerships

Mudenda blames opposition for sanctions

Zimbabwe's soccer nepotism falls to Mozambique

418 000 pupils to sit for grade 7 exams

Zanu-PF Bulawayo backs Mnangagwa beyond 2028

Spike in complaints over fake products

Erectile dysfunction man axes father to death

Warriors fans call for Nees' dismissal

Hichilema to make State visit to Zimbabwe

China man jailed for rhino horn dealings

Warriors fans call for Nees' dismissal

Man jailed for insulting Mnangagwa, Chiwenga and their mothers

Ian Smith never named anything after himself – why then are Zimbabwe leaders so insecure and desperate for self-glorification?

Murder suspects nabbed in Zambia

Zimbabwe to freeze civil service hiring in 2026

'Operation Dudula is a group of thugs,' says Malema

Businessman shoots wife dead, commits suicide

Illegal private schools get 4 months to comply or face closure

Redcliff plans CBD relocation

Munhumutapa day is not a public holiday

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