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Chamisa's MP wants govt to probe RBZ
AN OPPOSITION legislator yesterday called on Parliament to direct government to investigate Fidelity Printers and Refineries and the Reserve Bank of Zimbabwe (RBZ) after they were cited for facilitati...Published: 30 Mar 2023 at 06:38hrs | 478 | by Staff reporter
Graft exposé has messed Zanu-PF anti-sanctions campaign?
Opposition People's Unity Party (PUP) leader Herbert Chamuka says damning corruption allegations exposed of individuals closely linked to the ruling elite by news network Al Jazeera has taken away the...Published: 29 Mar 2023 at 16:55hrs | 1094 | by Staff reporter
Mnangagwa spokesman threatens media arrests over Gold Mafia coverage
President Emmerson Mnangagwa's spokesman George Charamba has warned that "there is a limit to provocation we can take", raising the prospect of media arrests over the reporting of the Al Jazeera 'Gold...Published: 29 Mar 2023 at 07:50hrs | 2350 | by Staff reporter
Al Jazeera must be onto something big
THE first of a four-part documentary by international news channel Al Jazeera titled Gold Mafia: The Laundry Service has kicked up so much dust that it is now quite possible for many people to complet...Published: 29 Mar 2023 at 06:55hrs | 1726 | by Staff reporter
Analysts' 'grill' Gold Mafia documentary producer
ANALYSTS' on Sunday took AL Jazeera's Gold Mafia documentary producer over hot coals for misinterpreting the country's mining value chain among other inconsistencies with the Qatar based news network ...Published: 28 Mar 2023 at 06:58hrs | 8505 | by Staff reporter
Mangwana under fire
INFORMATION and Broadcasting Services secretary Ndavaningi ‘Nick' Mangwana has attracted brickbats after indirectly defending alleged gold smuggling exposed in Al Jeezera's documentary Gold Mafia: T...Published: 28 Mar 2023 at 06:49hrs | 1316 | by Staff reporter
WATCH: Mnangagwa ally scoffs at Aljazeera sting
PASSION Java, a self-proclaimed prophet and close ally of President Emmerson Mnangagwa has waded into the Gold Mafia scandal, telling Zimbabweans the alleged ongoing heists of their minerals do not ma...Published: 25 Mar 2023 at 17:02hrs | 2658 | by Staff reporter
How Henrietta Rushwaya sells gold
In 2021, Frontline Marketing, my company, was approached by an Italian client interested in buying gold in Zimbabwe. Upon their inquiry, I contacted #HenriettaRushwaya to inquire about the gol...Published: 24 Mar 2023 at 06:23hrs | 10655 | by Rutendo Matinyarare on Twitter @matinyarare
Mnangagwa likely to feature in Al Jazeera exposé episode two
AL JAZEERA finally dropped its explosive documentary exposing how hundreds of millions worth of gold was being smuggled out to Dubai by a well knit circle of high ranking officials who include Ambassa...Published: 23 Mar 2023 at 19:50hrs | 2942 | by AFP
Fake news a tool used by detractors on Zimbabwe
Fake news is not a new phenomenon, for a long time, the mere mention of Zimbabwe in the global mainstream media (social media) has been associated with a negative story. Zimbabwe post-2000 ent...Published: 23 Mar 2023 at 07:09hrs | 1167 | by Grace Zvavamwe
Mnangagwa throws Prophet Uebert Angel under the bus
PRESIDENT Emmerson Mnangagwa has reportedly thrown under the bus his ambassador-at-large, Uebert Madzanire, alias Uebert Angel, as it emerged yesterday that he is under investigation for alleged money...Published: 23 Mar 2023 at 06:23hrs | 19497 | by Staff Writer
Zimbabwean man found with 23 gold bars at airport fined R40,000 only
A Zimbabwean man found with 23 gold bars concealed in a box of whisky at South Africa's OR Tambo International Airport has been sentenced to a fine of R40 000 or two years' imprisonment....Published: 19 Mar 2023 at 07:48hrs | 1193 | by Staff reporter
Demand for Zimdollar still high
ZIMBABWE'S central bank says demand for the local currency remains high despite increased use of foreign currency across economic sectors.The country legalised the dual monetary system to tame...Published: 17 Mar 2023 at 18:59hrs | 1656 | by Staff reporter
Jitters over Al Jazeera exposé telling
GOOD day President Emmerson Mnangagwa,Your Excellency, rarely has Zanu-PF and the said new dispensation been in jitters as they are now. Contrary to their characteristic obstinacy, they are un...Published: 15 Mar 2023 at 06:53hrs | 1593 | by Cyprian M Ndawana
Residents fume over substandard NBS houses
RESIDENTS of Gillingham Estate in Harare's Dzivarasekwa high-density suburb have threatened court action against the National Buildings Society (NBS) after they were sold substandard housing units....Published: 15 Mar 2023 at 06:44hrs | 381 | by Staff reporter
LISTEN: ZANU-PF MP in forex scam, implicates RBZ
Mazowe North lawmaker Campion Mugweni (ZANU PF) has disclosed that he was allegedly working with some officials at Treasury to engage in illegal foreign currency deals.In a leaked audio Mugwen...Published: 13 Mar 2023 at 16:37hrs | 6925 | by Simbarashe Sithole
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 agai...Published: 12 Mar 2023 at 06:37hrs | 3790 | by Staff Reporter
$20 Zimdollar notes rejected by traders
Public transport operators and traders must accept $20 notes as they are legal tender and failure to accept legal tender in transactions is outside the law, the Finance Ministry warned yesterday....Published: 10 Mar 2023 at 05:19hrs | 491 | by Staff reporter
Did the army really removed criminals who were surrounding Robert Mugabe?
In light of Aljazeera revelations, the new dispensation has been found at an uncomprising position and with the Reserve Bank of Zimbabwe giving long angry statements exposing the whole Zanu PF governm...Published: 09 Mar 2023 at 08:06hrs | 967 | by Leonard Koni
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 exposé on money laundering involving the country's gold.Qatar-based S...Published: 08 Mar 2023 at 05:32hrs | 649 | by Staff reporter
Sanctions on Zimbabwe are through ZIDERA and augmented by OFAC
ZIMBABWE remains under a punitive regime of economic sanctions that have negatively impacted the movement of funds and trading capabilities in the past two decades, Reserve Bank of Zimbabwe (RBZ) Gove...Published: 08 Mar 2023 at 05:28hrs | 331 | by Staff reporter
RBZ frets over Al Jazeera graft exposé
THE Reserve Bank of Zimbabwe (RBZ) has threatened to sue international news channel Al Jazeera if its much-anticipated documentary, which will potentially expose high-level graft in government, proves...Published: 07 Mar 2023 at 05:27hrs | 1368 | by Staff reporter
Jonathan Moyo dismisses the notion that there are no sanctions against Zimbabwe
EXILED former cabinet minister Jonathan Moyo has dismissed the notion that there are no sanctions against Zimbabwe.Prof Moyo said it is desperate propaganda to claim that the Reserve Bank of Z...Published: 06 Mar 2023 at 21:23hrs | 1728 | by Staff reporter
RBZ dismisses 'bizarre, malicious' Aljazeera claims
RESERVE Bank of Zimbabwe (RBZ) governor, Dr John Mangudya, has dismissed as false and malicious reports carried in a trailer of an unscreened documentary by the Qatar-based Al Jazeera television netwo...Published: 06 Mar 2023 at 15:00hrs | 548 | by Staff reporter
Zimbabwe govt appoints power projects technical committee
GOVERNMENT has appointed a 20-member technical committee to be part of the team responsible for the implementation of power projects in the country.This comes after Finance and Economic Develo...Published: 06 Mar 2023 at 05:16hrs | 319 | by Staff reporter
Kazembe Kazembe drawn into forex scandal
Home Affairs minister Kazembe Kazembe and police commissioner General Godwin Matanga have been dragged to court for refusing to arrest a Chinese national who used to supply leather products to the arm...Published: 05 Mar 2023 at 06:23hrs | 912 | by Staff reporter
Mnangagwa offers CFU president a Ministerial post?
The Commercial Farmers Union (CFU) president, Andrew Pascoe, is set to be appointed Minister of State, a move which will ensure the smooth flowing of compensation of former farm owners, Business Times...Published: 04 Mar 2023 at 10:29hrs | 3747 | by Staff reporter
Zimbabwe in race to introduce digital currency
Zimbabwe is in the race to become one of the first African countries to introduce a central bank digital currency (CBDC).Nigeria became the first country in Africa to issue a CBDC, the eNaira,...Published: 04 Mar 2023 at 10:25hrs | 2926 | by Staff reporter
Zimbabwean gold dealer calls Chiwenga a dunderhead
In snippets that have been shown to journalists and Anti-Corruption experts by Al-Jazeera, Zimbabwean Gold dealer Ewan Macmillan talks about how they smuggle Gold using private planes with the conniva...Published: 04 Mar 2023 at 09:31hrs | 4988 | by Staff reporter
Zimbabwe shifts to new 'blended' inflation that includes USD, Zimdollar prices
Zimbabwe will now measure inflation using a weighted average of goods and services priced in Zimdollars and US dollars, according to a Ministry of Finance statutory instrument gazetted yesterday in re...Published: 04 Mar 2023 at 08:12hrs | 339 | by Staff reporter
'Unveiling Zimbabwe's Dark Secrets' Al Jazeera documentary Truth is finally coming out. 'Rinemanyanga hariputirwi!'
Starting tonight, 10 pm UK time, Al Jazeera will broadcast a four-part documentary titled Unveiling Zimbabwe's Dark Secrets: Al Jazeera Exposes Looting, Plunder and Money Laundering.The Zanu P...Published: 02 Mar 2023 at 20:17hrs | 4069 | by Wilbert Mukori
Travellers can now take out US$10 000 cash
THE Reserve Bank of Zimbabwe yesterday doubled the amount of foreign currency in cash someone can physically carry on their person or in their baggage out of the country to US$10 000.Far large...Published: 02 Mar 2023 at 05:45hrs | 565 | by Staff reporter
Catch and release: Chombo charges withdrawn
THE State has today withdrawn charges against former Cabinet Minister Ignatius Chombo who was accused of misappropriating a $14 billion Reserve Bank of Zimbabwe Capital Expenditure loan which was mean...Published: 01 Mar 2023 at 19:09hrs | 947 | by Staff reporter
'Zimbabwe courts cannot review monetary policy'
CABS will not pay a client US$179 000 in foreign currency, being the balance converted to local currency at the height of currency reforms in 2019, after the High Court ruled that courts have no power...Published: 01 Mar 2023 at 06:53hrs | 489 | by Staff reporter
Judge dismisses depositor's US$179,000 debt claim from CABS
A local pensioner, Duncan Hugh Cocksedge, is counting his losses after his US$179,000 bank balance which was being held in a CABS account was wiped out after being wholly converted to local currency t...Published: 28 Feb 2023 at 19:53hrs | 2574 | by Staff reporter
Zanu-PF 'will win a comfortable majority' claims Fitch Solutions
THE ruling party, Zanu-PF, "will win a comfortable majority" in this year's harmonised elections and "remain the dominant political party force in Zimbabwe over the coming years", according to New Yor...Published: 26 Feb 2023 at 09:09hrs | 274 | by Staff reporter
Mnangagwa's govt rejects ZESA tariff plan
The Reserve Bank of Zimbabwe (RBZ) has shot down a proposal by ZESA Holdings for businesses to wholly pay electricity tariff in United States dollar following the government's policy to align tariff p...Published: 24 Feb 2023 at 07:44hrs | 1670 | by Staff reporter
AfDB president expected in Zimbabwe
African Development Bank (AfDB) president Dr Akinumwi Adesina, the chief facilitator for Zimbabwe's arrears clearance and debt resolution process is expected in the country tomorrow to attend the seco...Published: 21 Feb 2023 at 05:49hrs | 52 | by Staff reporter
Zimdollar official rate converges with black market premium on RBZ Auction
THE Zimdollar official exchange rate has converged with the parallel market premiums while at the same time falling within internationally acceptable margins the Reserve Bank of Zimbabwe (RBZ) Foreign...Published: 15 Feb 2023 at 05:04hrs | 4296 | by Staff reporter
'Zimbabwe gold coins a masterstroke,' claims Mnangagwa
THE introduction of gold coins by the Reserve Bank of Zimbabwe (RBZ) has been a masterstroke, as it has brought the equivalent of US$27,5 million into the formal system and helped in the economic turn...Published: 13 Feb 2023 at 05:15hrs | 259 | by Staff reporter
Banks use RBZ excuse to dismiss demands for US dollar salary payments
BANK Employers Association of Zimbabwe (BEAZ) has allegedly claimed that the Reserve Bank of Zimbabwe (RBZ) does not allow the payment of US$-denominated salaries as a way to counter mounting pressure...Published: 12 Feb 2023 at 07:36hrs | 315 | by Staff reporter
Fresh moves to promote use of Zimdollars
GOVERNMENT will enhance tax collections in local currency and maintain interest rates at par with inflation to promote the use of the Zimbabwe dollar in local transactions, Treasury has said.A...Published: 12 Feb 2023 at 07:35hrs | 386 | by Staff reporter
Zimdollar haunted by trust issues
Zimbabweans across the country continue to lose trust in the local currency due to the rapid loss of value, meaning it cannot serve as the store of value and medium of exchange.According to th...Published: 12 Feb 2023 at 07:20hrs | 52 | by Staff reporter
Zimbabwe risks another currency collapse
FULL dollarisation remains an unviable proposition for Zimbabwe, defiant Reserve Bank of Zimbabwe (RBZ) governor Dr John Mangudya says, despite the economy rapidly gravitating toward self-redollarisat...Published: 12 Feb 2023 at 07:20hrs | 316 | by Staff reporter
Court releases Vast Resources' diamonds
VAST Resources (Vast) says the High Court of Zimbabwe has ordered the release of its 129 400 carats of rough diamonds, which have been in the custody of the Reserve Bank of Zimbabwe (RBZ) since 2010....Published: 12 Feb 2023 at 07:20hrs | 105 | by Staff reporter
Zimbabwe records US$328mln in FDI
ZIMBABWE recorded USS327,9 million in foreign direct investment last year, an increase from USS237,5 million recorded in 2021. Despite the strong growth, analysts say the investment inflows re...Published: 12 Feb 2023 at 07:20hrs | 97 | by Staff reporter
Zimbabwe moves towards full dollarisation
LATEST statistics availed by the Zimbabwe National Statistics Agency (ZimStat) show that Zimbabwe's economy is fast dollarising with 78% of transactions for food purchases now being done in foreign cu...Published: 08 Feb 2023 at 05:03hrs | 1409 | by Staff reporter
UK-based Vast Resources commends Mnangagwa govt
LONDON based mining and resource development company, Vast Resources has hailed President Emmerson Mnangagwa's administration for commitment in resolving legacy issues at a time when the miner' share ...Published: 06 Feb 2023 at 04:57hrs | 540 | by Staff reporter
'Zimbabwe inflation slowing down'
THE Finance ministry claims that the country's inflation is slowing down on a monthly basis, despite the local currency currently being hammered by other currencies, chiefly the greenback.Last...Published: 06 Feb 2023 at 04:55hrs | 565 | by Staff reporter
RBZ to issue gold coins on demand
The Reserve Bank of Zimbabwe (RBZ) says it will continue to mint more gold coins provided there is demand from the market, following the bullion coins' positive contribution to efforts aimed at taming...Published: 06 Feb 2023 at 04:51hrs | 139 | by Staff reporter
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