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Econet expands Kancane Kancane smartphone credit scheme
Econet Wireless Zimbabwe has expanded its popular Kancane Kancane smartphone credit scheme by extending the repayment period from just three months to up to 24 months, with no initial deposit required...Published: 17 Jul 2025 at 20:31hrs | 192 | by Staff reporter
Zanu-PF MP calls for improved network coverage in rural Matebeleland
Gwanda South legislator and Deputy Minister of Information, Dr Ompile Marupi, has urged Zimbabwe's telecommunications companies to adopt infrastructure sharing models to address persistent network con...Published: 08 Jun 2025 at 12:42hrs | 135 | by Staff reporter
NMBZ finalises US$70m external credit lines
Zimbabwe Stock Exchange-listed financial services group NMBZ Holdings is on the verge of securing external lines of credit worth over US$70 million, as part of its broader strategy to unlock US$100 mi...Published: 19 May 2025 at 09:19hrs | 84 | by Staff reporter
Zimbabwean Nationals are a target of international cyber criminals
As more and more Zimbabweans embrace the digital economy, the rise of cybercrime has become a significant concern for its citizens. With increasing internet penetration, more individuals are engaging ...Published: 20 Dec 2024 at 12:19hrs | 316 | by Jacob Kudzayi Mutisi
South Africans lost R1 billion to digital banking fraud
Money lost by South Africans to digital banking fraud increased from R735,000 in 2022 to R1.1 billion in 2023 - a 47% increase.This is according to the South African Banking Risk Centre's (Sab...Published: 08 Nov 2024 at 16:33hrs | 632 | by Staff reporter
3 suspected hackers granted bail
Three suspected hackers from Bulawayo, accused of attempting to defraud Real Star Security Company of US$190,000, have been granted bail of US$100 each. The suspects - Gladstone Mthulisi Tsha...Published: 20 Sep 2024 at 07:47hrs | 154 | by Staff reporter
3 men in court for trying to steal US$190,000
Three men from Bulawayo have found themselves in legal trouble after allegedly attempting to gain unauthorized control over a bank account belonging to the security company Real Star. The accused - Gl...Published: 17 Sep 2024 at 06:48hrs | 881 | by Staff reporter
Zimbabwe foreign currency deposits shoot to US$1, 6 billion
Foreign currency deposits have surged to an impressive US$1.6 billion, largely attributed to growing confidence in the stability of the banking sector, as revealed by the Reserve Bank of Zimbabwe (RBZ...Published: 26 Oct 2023 at 06:23hrs | 3 | by Staff reporter
Zimbabwe imposes new charge on foreign payments
All outward payments from Zimbabwe to any foreign country for the next six months will attract a one percent charge up to a maximum of US$50 000 as part of measures gazetted by President Mnangagwa yes...Published: 15 Jun 2023 at 06:48hrs | 1 | by Staff reporter
Bulawayo engineer develops app to make public transport safer and more efficient
MR Hope Ndhlovu, the Bulawayo-born software engineer, who won the 2019 World Bank Youth Summit Award, has embarked on a new venture to revolutionise commuting in Zimbabwe through a taxi application. T...Published: 12 Jun 2023 at 06:25hrs | 12 | by Staff reporter
Mnangagwa says Zimbabwe banks have gone rogue
PRESIDENT Emmerson Mnangagwa says most of Zimbabwe's banks have gone "rogue" and are operating in contravention of the country's laws.Writing in his column in The Sunday Mail, he said only 31%...Published: 15 Aug 2022 at 06:43hrs | | by Staff reporter
Four nabbed for creating fake IDs
The Zimbabwe Anti-Corruption Commission (ZACC) has arrested four suspects for creating fake IDs used for stealing pensioners money.The four suspects have allegedly swindled more than ZWL$15 00...Published: 26 Jul 2022 at 12:23hrs | 12 | by Desmond Nleya and Shelton Muchena
Currency: The long road of pain awaiting Zimbabwe
IN June 2019, the Zimbabwe dollar was officially reintroduced as the main legal tender for domestic transactions in the country amid scepticism from the general public concerning its sustainability. T...Published: 17 Mar 2022 at 05:49hrs | 1 | by Staff reporter
Steward Bank confident it has turned the corner
Steward Bank, which is considered a pioneer of mobile banking on the local market, has already begun the second phase of its system upgrade that is largely expected to consolidate its success in minim...Published: 13 Mar 2022 at 08:02hrs | | by Staff reporter
RBZ defends bank withdrawal limits
RESERVE Bank of Zimbabwe governor John Mangudya defended bank withdrawal limits announced on Monday last week, saying while there has been a groundswell of criticism, the new levels were above average...Published: 14 Feb 2022 at 05:28hrs | 3 | 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 in...Published: 08 Feb 2022 at 05:37hrs | 1 | by Staff reporter
Govt urged to adopt older persons' inclusive approach in implementing NDS1
The Government of Zimbabwe has been challenged to adopt older persons' inclusive approach policy in implementing the National Development Strategy 1 (NDS1) as part of the Vision 2030.The call ...Published: 30 Nov 2021 at 16:02hrs | 12 | by Stephen Jakes
Outcry over Zimbabwe's proposed US$50 cellphone tax
GOVERNMENT has been urged to withdraw the proposed US$50 cellphone levy as it could create a digital divide, as handset dealers will simply pass on the expense to already constrained consumers....Published: 30 Nov 2021 at 05:33hrs | 14 | by Staff reporter
Zimbabwe govt wants to appear wealthy 'Mbinga' in the eyes of the world, yet can't even feed own children!
So, the Zimbabwe government is up to no good - again! I am sure we have all come across (at least once, in our lives) that guy who wants to appear wealthy in the eyes of the community - shops ...Published: 14 Sep 2021 at 09:05hrs | 11 | by Tendai Ruben Mbofana
Push for forex-indexed tariffs for telecoms sector
THE government should allow telecommunication companies to charge some of their products and services in hard currency to allow them to repay mounting debts, meet foreign supplier obligations, and upg...Published: 01 Aug 2021 at 06:47hrs | | by Staff reporter
CABS closes two branches after staffers test Covid-19 positive
CABS has temporarily closed its Jason Moyo Branch in Bulawayo and another in Karoi after its staffers tested positive for Covid-19. The closure of the two branches paves way for the bank to di...Published: 22 Jun 2021 at 14:15hrs | | by Staff Reporter
RBZ's $389m headache
The Reserve Bank of Zimbabwe (RBZ) will today disburse $66 million owed to cotton farmers with bank accounts for the crop delivered to Cottco last season, followed by $436,6 million to be paid via mob...Published: 28 May 2021 at 07:36hrs | | by Staff reporter
Lawyer's bid to close down digital banking platforms flops
A HARARE lawyer's attempt to have all mobile-based digital banking platforms of FBC Bank closed after an imposter used his name to fraudulently open an account with the bank for criminal activities, f...Published: 14 Apr 2021 at 06:22hrs | 1 | by Staff reporter
FCB, Econet strike deal
FIRST Capital Bank (FCB) has introduced a WhatsApp banking chatbot and a billing system that allows Econet clients access to internet and mobile banking applications at no cost.The two innovat...Published: 09 Apr 2021 at 07:32hrs | 2 | by Staff reporter
Mthuli Ncube refuses to increase cash withdrawal limits
FINANCE minister Mthuli Ncube says there is no need to increase the weekly $2 000 bank withdrawal limit for individuals as a move to combat the black market. This comes as the Treasury chief a...Published: 28 Mar 2021 at 16:25hrs | 1 | by Staff reporter
Zimbabwe's $50 note imminent
Zimbabwe announced on Thursday that it would shortly introduce a $50 note, while raising cash withdrawal limits to Z$2,000 per day from Z$1,000.The central bank also lifted its main lending ra...Published: 21 Feb 2021 at 22:30hrs | 5 | by Staff reporter
Zimbabwean expats keep country afloat, remits $1 billion
Diaspora remittances to Zimbabwe jumped a record 58 percent from US$635.7 million to US$1 billion in 2020, the central bank said on Thursday, highlighting the key role played by expatriates in keeping...Published: 19 Feb 2021 at 07:24hrs | 5 | by Staff reporter
RBZ probes shady tycoons and firms
THE Financial Intelligence Unit (FIU) - an arm of the Reserve Bank of Zimbabwe (RBZ) - has opened a fresh investigation into firms and individuals who are using shelf companies to siphon money from th...Published: 19 Feb 2021 at 07:03hrs | 1 | by Staff reporter
Cash withdrawal limits, lending rates go up
THE Reserve Bank of Zimbabwe (RBZ) has increased withdrawal limits to $2 000 from $1 000 and reviewed upwards the bank policy and private sector lending rates as part of comprehensive measures to stre...Published: 19 Feb 2021 at 06:49hrs | 1 | by Staff reporter
Africa Gaming Industry and its Potential Growth
A few years back, Africa seemed a less profitable market for most online businesses, especially overseas brands that had their sights on more developed markets. However, time has shaped the continent'...Published: 15 Feb 2021 at 08:16hrs | 55 | by Staff Writer
6 trends to look out for in the online casino industry
2020 has been an interesting year for online gambling with it becoming the first option by default for many. Over in the US, online poker rooms and casinos amassed a massive $402 million from April to...Published: 21 Dec 2020 at 18:10hrs | 8 | by Staff writer
Zimbabwe's mobile ecosystem must continue to grow to the betterment of all
Smartphones are revolutionizing the world, democratizing industries, and opening the vast opportunities offered by internet access to people who previously couldn't afford to connect. Zimbabwe is one ...Published: 29 Oct 2020 at 10:17hrs | 30 | by Staff Writer
IMF lowers Zimbabwe GDP growth further
THE International Monetary Fund (IMF) says Zimbabwe's economy will contract by 10,4% this year, much higher than its earlier prediction of 7,4%, but expects a rebound next year.It also expects...Published: 16 Oct 2020 at 07:24hrs | | by Staff reporter
Zimbabwe annual inflation tumbles to 659%
THE annual inflation rate dropped 101,62 percentage points to 659,4% last month, as recent gains of the local currency against the greenback continue to reflect on its strength.The drop in the...Published: 14 Oct 2020 at 06:35hrs | 2 | by Staff reporter
Stanchart Bank closes branch
Standard Chartered Bank, one of the country's biggest and oldest financial institutions, has said it will close its Gweru branch next month and transfer the city's accounts to Bulawa...Published: 06 Sep 2019 at 06:59hrs | 1 | by Staff reporter
How Econet made itself indispensable to Zimbabweans
On December 5, 2017, Zimbabwe's two major internet access providers (IAPs), Liquid Telecom and TelOne, suffered breaks in the fibre optic cables that blacked out 90% of the country from the internet f...Published: 31 Jul 2019 at 08:07hrs | 2 | by Mike Murenzvi
How to speak Zimbabwean
Very often, you hear the words "resilient" and "innovative" attached to Zimbabwean people. But what most outsiders don't know is that to be Zimbabwean, one must speak a language only known to the coun...Published: 12 Jul 2019 at 19:55hrs | 1 | by Chazz Cummings
Nkosinathi Ncube quits NetOne
NetOne Managing Director for Mobile Financial Services (MFS) Nkosinathi Ncube tendered his resignation on Tuesday this week, Zim Tech...Published: 05 Jul 2019 at 19:34hrs | 17 | by Staff reporter
Govt to deepen financial inclusion
GOVERNMENT will continue to work towards promoting financial inclusion to ensure every citizen has access to banking. This was said by Finance and Economic Development Minister Professor Mthul...Published: 03 Apr 2019 at 08:18hrs | 1 | by Staff reporter
Audit exposes HCC swindle
THE Harare City Council (HCC) could have been swindled of thousands of dollars after a forensic audit revealed that some of its point-of-sale (POS) machines were not linked to its bank accounts....Published: 26 Mar 2019 at 14:07hrs | 2 | by Staff reporter
CBZ: Zimbabwe's best bank in 2018
CBZ Bank has been voted as Zimbabwe's best-performing bank in 2018 by US-based Global Finance Magazine.CBZ Bank, which has an asset base of US$ 2billion and deposits worth $1,8 billion, is con...Published: 17 Mar 2019 at 08:32hrs | | by Staff reporter
The current monetary policy review will worsen current fiscal imbalances
Background and Review It was trajectory, forex premiums is hurting Zimbabweans and hostile to business environment. FCA accounts have yielded positive r...Published: 20 Feb 2019 at 17:25hrs | 2 | by Tinashe Eric Muzamhindo
CABS merge branches
CABS is merging its Greendale and Chisipite branches with effect from February 25 as a way of enhancing its digitalisation efforts.In a statement, the bank which boasts of more than 50 branche...Published: 02 Jan 2019 at 14:25hrs | | by Staff reporter
2% money transfer tax simplified
Intermediated Money Transfer Tax is a tax collected in terms of Section 36G as read with the Thirtieth Schedule of the Income Tax Act [Chapter 23:06]. This tax has been in place since 2003 and an amen...Published: 08 Nov 2018 at 10:30hrs | | by Staff reporter
Getbucks profit jumps 25% in H1
GetBucks, a deposit-taking microfinance institution listed on the Zimbabwe Exchange, has reported a 25% growth in profit after tax in the first six months of the year, buoyed by a reduction in operati...Published: 04 Oct 2018 at 05:52hrs | | by Staff reporter
Dr Lance Mamobondiani to keynote at Zim Achievers USA this Saturday
Steward Bank CEO, Dr Lance Mambondiani has been announced as this year's keynote speaker at the USA edition of the Zimbabwe Achievers Awards (ZAA), taking place on Saturday 29 September in Washington....Published: 24 Sep 2018 at 13:22hrs | 1 | by Agencies
Zimbabwe companies should leverage on ICT transformation
TODAY'S global economy is powered by technology. From insurance, banking, marketing, news, education, health and communication, it is hard to imagine a modern business that does not rely on technology...Published: 10 Sep 2018 at 06:47hrs | 1 | by Jacob Mutisi
No need to queue at banks
DEPOSITORS no longer need to spend hours queuing at banking halls as they have an option of conducting their transactions digitally using online technology platforms, Stanbic Bank Zimbabwe chair, Mr G...Published: 24 Aug 2018 at 05:46hrs | | by Staff reporter
Steward Bank launches revolutionary app called Square World
Steward Bank Zimbabwe has launched a Housing Development Scheme and Mobile Banking Application targeted at Zimbabweans living abroad.The mortgage facility will be available at zero deposit, on...Published: 15 Aug 2018 at 07:41hrs | 2 | by Agencies
ZB Bank trade profitability continues
ZIMBABWE'S ZB Bank, continues to trade profitably and is ahead of its year-to-date budget projections, group chief executive officer Ronald Mutandagayi has said.Ron MutandagayiAddressing deleg...Published: 06 Aug 2018 at 07:26hrs | | by Staff reporter
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