Search / Remittance
Bulawayo parking firm boss rolls into City Hall in US$400k Rolls Royce
Lizwe Mabuza, the chairman of Tendy Tree Investments (TTI), the company managing Bulawayo's paid parking, arrived at City Hall in a US$400,000 Rolls Royce Cullinan last week, prompting a wave of publi...Published: 14 Nov 2024 at 13:16hrs | 1779 | by Staff reporter
Kuvacash CEO up for US$286,000 theft
James Saruchera, the co-founder of global cash remittance start-up Kuvacash Private Limited, appeared in court on Tuesday, facing charges of defrauding a client of US$286,000 in a failed property tran...Published: 12 Nov 2024 at 11:11hrs | 1015 | by Staff reporter
'Trump Presidency to hurt Zimbabwe's trade, investments'
Zimbabwe's trade and investment prospects could face significant challenges following United States President-elect Donald Trump's proposed tariff policies, according to an analysis by FBC Securities....Published: 11 Nov 2024 at 07:13hrs | 2290 | by Staff reporter
Diasporas gift Tsholotsho with private school
A dedicated group of Zimbabweans based in South Africa has mobilized resources to construct a state-of-the-art private boarding and day school in the Tsholotsho district of Matabeleland North province...Published: 29 Oct 2024 at 07:39hrs | 551 | by Staff reporter
Zimbabwe sees US$16.3 billion in diaspora remittances over a decade
Zimbabwe has experienced a significant influx of diaspora remittances, totaling US$16.3 billion over the past ten years, as more Zimbabweans living abroad send money back home to support their familie...Published: 28 Oct 2024 at 07:05hrs | 395 | by Staff reporter
ZAA Founder on Diaspora, ZIG, Xenophobia and Julius Malema
"We are what we repeatedly do. Excellence, then, is not an act, but a habit."Aristotle's age-old dictum has been used and sometimes abused to the point of cliché.But whatever truth; b...Published: 26 Oct 2024 at 13:02hrs | 559 | by Staff Reporter
High passport fees may hinder Zimbabwe's remittance flows
The Zimbabwe Banks and Allied Workers Union (Zibawu) has raised concerns that the country's high passport fees could significantly impede remittance flows by restricting citizens' migration opportunit...Published: 18 Oct 2024 at 12:30hrs | 3910 | by Staff reporter
Zimbabwe's resilience: A nation's ability to overcome economic challenges, from sanctions to currency instability
For over two decades, Zimbabwe has been a nation under siege. Economic sanctions, imposed primarily by the United States and its Western allies, have crippled the country's economy, creating one of th...Published: 18 Oct 2024 at 11:56hrs | 155 | by Michael Badze
Zimbabwe reviews national diaspora policy
The Government of Zimbabwe has launched a comprehensive review of its National Diaspora Policy, aimed at fostering stakeholder engagement and ensuring inclusive participation in national initiatives. ...Published: 17 Oct 2024 at 08:56hrs | 134 | by Staff reporter
Matebeleland South tops in diaspora remittances
Matebeleland South province has emerged as the top region in Zimbabwe for households receiving remittances or gifts from abroad, primarily due to a significant number of its youth migrating to South A...Published: 14 Oct 2024 at 08:52hrs | 706 | by Staff reporter
5 reasons Zimbabwean diaspora should choose Remitly
The flow of remittances to Zimbabwe is substantial, with diaspora remittances estimated at over US$1 billion annually, accounting for approximately 16% of the country's total foreign exchange receipts...Published: 11 Oct 2024 at 16:00hrs | 317 | by Staff reporter
Mohadi invites Diasporans to invest
Vice President Kembo Mohadi has extended an invitation to Lesotho businesses and Zimbabweans in the Diaspora to explore the wide range of investment opportunities available in Zimbabwe, aligning with ...Published: 07 Oct 2024 at 07:56hrs | 88 | by Staff reporter
Nyasha Magadhi: A Trailblazer in Zimbabwe's Mining Industry
Born: May 29, 2000 Occupation: Mining Entrepreneur, Consultant, Youth Advocate Founder: WeMine Zimbabwe, Ore Min...Published: 26 Sep 2024 at 17:09hrs | 1496 | by Simbarashe Sithole
ZSE outshines VFEX in wealth creation
The Zimbabwe Stock Exchange (ZSE) has emerged as the preferred investment destination for those seeking wealth creation, surpassing the foreign currency-denominated Victoria Falls Stock Exchange (VFEX...Published: 26 Sep 2024 at 13:37hrs | 62 | by Staff reporter
Zimbabwean diaspora urged to care for parents
A Zimbabwean official from a drought-stricken southern district has issued a heartfelt plea for Zimbabwean immigrants living in neighboring South Africa to urgently assist their families and relatives...Published: 17 Sep 2024 at 09:13hrs | 865 | by Staff reporter
Chiwenga says Zimbabwe's monetary policy is in line with SADC integration
Zimbabwe's advancements in the gold sector, including the adoption of a floating exchange rate framework, align closely with the Southern African Development Community's (SADC) goal of achieving regio...Published: 14 Sep 2024 at 16:13hrs | 903 | by Staff reporter
Chiwenga backs ZiG
Zimbabwe's monetary policy framework, coupled with the introduction of a stable currency, the Zimbabwe Gold (ZiG), has fostered transactional simplicity, certainty and predictability in the country's ...Published: 13 Sep 2024 at 13:10hrs | 2085 | by Staff reporter
BCC developing a new diaspora policy
The Bulawayo City Council (BCC) is developing a new diaspora policy to engage Zimbabweans living abroad, aiming to harness their financial resources for local development and address challenges in fun...Published: 09 Sep 2024 at 08:14hrs | 225 | by Staff reporter
ZiG registers gradual growth in transactions
Zimbabwe has seen significant growth in the use of the Zimbabwe Gold (ZiG) currency in domestic transactions since its introduction in April 2024. According to Finance, Economic Development, a...Published: 22 Aug 2024 at 07:04hrs | 159 | by Staff reporter
RBZ has no plans to grab foreign currency received from diaspora
The Reserve Bank of Zimbabwe (RBZ) has dismissed rumors that it plans to forcefully withhold all foreign currency from diaspora remittances. This follows a viral vid...Published: 17 Aug 2024 at 12:53hrs | 1360 | by Staff reporter
Zimbabwe gets IOM backing to engage nationals abroad
Zimbabwe has received support from the International Organisation for Migration (IOM) to enhance its engagement with nationals living abroad. This initiative is part of the Southern African Migration ...Published: 01 Aug 2024 at 09:10hrs | 198 | by Staff reporter
Dexter Nduna threatens court action
Former Zanu-PF Chegutu West lawmaker, Dexter Nduna, has criticized City Parking for allegedly failing to use the remittances collected over the past decade for the intended purpose of maintaining and ...Published: 29 Jul 2024 at 04:16hrs | 437 | by Staff reporter
Zimbabwe foreign currency remittances hit US$1,2 billion
FOREIGN currency remittances surged by 16,5% to hit a record US$1,2 billion in the first half of 2024 leaving diasporans standing out as lucrative foreign currency earners for the economy.The ...Published: 26 Jul 2024 at 06:39hrs | 515 | by Staff reporter
Zimbabwe has the highest literacy rate in Africa, what stuff and Nonsense!
Even if he (Mnangagwa) were to die, Cabinet meetings would still be held at his grave at National Heroes Acre: the nation was told this today 17.07.2024. Such visceral statements are uttered unchallen...Published: 18 Jul 2024 at 14:56hrs | 728 | by Nomazulu Thata
Zimbabwe diaspora remittances up 17%
In the first quarter of the year, diaspora remittances to Zimbabwe surged by 17%, reaching US$490 million compared to US$420 million during the same period in 2023. This increase in remittances is see...Published: 18 Jul 2024 at 06:41hrs | 159 | by Staff reporter
Fintechs fly planes of cash into Zimbabwe
At least once a month - and sometimes as often as three times a week - a private plane lands in a secure part of Robert Gabriel Mugabe International Airport on the outskirts of the Zimbabwean capital,...Published: 17 Jul 2024 at 17:11hrs | 6712 | by Staff reporter
Mwonzora schedules high-level meetings at SADC Summit
The opposition Movement for Democratic Change (MDC), led by Douglas Mwonzora, has announced plans to meet with three presidents attending the upcoming SADC Heads of State Summit in Zimbabwe this Augus...Published: 17 Jul 2024 at 06:57hrs | 1415 | by Staff reporter
Econet commissions over 30 sites for network expansion
Econet Wireless Zimbabwe Limited has commissioned over 30 new sites across Zimbabwe in its first quarter ending May 31, 2024, as part of its network modernization program. This initiative aims to enha...Published: 16 Jul 2024 at 06:58hrs | 152 | by Staff reporter
Zimbabwe should ditch the toxic US dollar
Zimbabwe's economy has been intertwined with the US dollar for over a decade, a relationship that began as a pragmatic response to hyperinflation and economic collapse in the late 2000s. The adoption ...Published: 12 Jul 2024 at 09:46hrs | 55 | by Staff writer
Cost-cutting money transfer facility launched
In the wake of liquidity crunch, economic meltdown and massive transaction taxation on remittances, TX Money Transfer has been launched this Wednesday to ease doing of business.The facility ha...Published: 11 Jul 2024 at 14:36hrs | 192 | by Edson Mapani in Buhera
Why Zimbabwe should break free from the US dollar's grip
Government Up Close"Normalcy is that a country must have its own currency," President Mnangagwa is on record highlighting this fact.Some people have argued that one of the gravest fina...Published: 11 Jul 2024 at 14:10hrs | 61 | by Nick Mangwana
TX Money Transfer vow to end 'hidden costs' in remittance market
Bard Santner, a prominent financial services firm specializing in asset management, corporate finance, and wealth management, has launched TX Money Transfer, a new remittance platform aimed at revolut...Published: 11 Jul 2024 at 07:30hrs | 11 | by Staff reporter
New player enters Zimbabwe money transfer market
A new money transfer service provider, TX Money Transfer, was launched today and is promising a more reliable, transparent and efficient experience for the transacting public.TX Money Transfer...Published: 10 Jul 2024 at 15:29hrs | 10 | by Staff reporter
Zimbabwe diaspora remittances up 18%
The Zimbabwean government's engagement with its diaspora community has resulted in an 18% increase in remittances in the first quarter of the year compared to the same period last year. This achieveme...Published: 08 Jul 2024 at 10:41hrs | 2 | by Staff reporter
Bleak outlook for Zimbabwe's consumers
Inter Horizon (IH) Securities, a prominent financial services firm, has released a sobering report on Zimbabwe's consumer spending patterns for 2024. The analysis paints a bleak picture, attributing t...Published: 07 Jul 2024 at 10:58hrs | 8 | by Staff reporter
Mnangagwa says diaspora community has played a vital role
President Emmerson Mnangagwa has openly acknowledged the critical role of financial remittances from the Zimbabwean diaspora in revitalizing and stabilizing the nation's struggling economy. Sp...Published: 08 Jun 2024 at 20:48hrs | 20 | by Staff reporter
Zimbabwe wants to send English teachers to South Korea
Zimbabwe has initiated negotiations with South Korea to be recognized as an English-speaking country, aiming to create job opportunities for local English teachers in the affluent Asian nation, accord...Published: 03 Jun 2024 at 13:39hrs | 5 | by Staff reporter
Zimbabweans in SA push for parliamentary representation
Zimbabweans in South Africa are pressing for representation in Parliament, arguing that their numbers warrant consideration.This call comes as the Zimbabwean government reviews the 2016 Nation...Published: 19 May 2024 at 19:58hrs | | by Staff reporter
Remittances and FDI: Harmonizing Zimbabwe's economic strategies for sustainable growth
Zimbabwe's economy stands at a critical juncture, grappling with deep-seated challenges such as systemic unemployment, volatile currency fluctuations, and an uncertain business climate. Within this pr...Published: 18 May 2024 at 15:27hrs | 13 | by Dr Bekithemba Mpofu
Zimbabwean man wins US$1m loan court challenge
A HARARE man has won a US$1 million Supreme Court loan challenge after a local company that he loaned US$900 000 tried to repay the loan in local currency.The applicant Brian Rodney Baron had ...Published: 19 Mar 2024 at 12:58hrs | 2 | by Staff reporter
Mukuru distributes millions in aid to vulnerable Africans
CAPE TOWN, South Africa, March 19, 2024 - Next-generation financial services platform, Mukuru (www.Mukuru.com), has successfully distributed millions in aid to disadvantaged recipients in Africa throu...Published: 19 Mar 2024 at 12:41hrs | 10 | by APO
Get Zimbabwe to its factory settings
Zimbabweans living in the diaspora must have a say and given a platform to share their ideas and contribute much to the economic, political and social dev...Published: 12 Mar 2024 at 07:20hrs | 5 | by Leonard Koni
Luxury estate to launch in May
WESTPROP Holdings chief executive Ken Sharpe has revealed that the company will launch the highly-anticipated US$100 million mixed use Hills Luxury Lifestyle Estate in May this year."It is wit...Published: 05 Mar 2024 at 04:58hrs | | by Staff reporter
Bard Santner sets up New York office
HARARE - Local financial services firm Bard Santner Inc has set up an office in New York, United States, in a move to attract capital investment and transaction opportunities offshore.The comp...Published: 15 Feb 2024 at 18:42hrs | 13 | by Staff Reporter
IMF wants Zimbabwe central bank to dump monetary policies
THE International Monetary Fund (IMF) has advised government to cut the Reserve Bank of Zimbabwe's (RBZ) role in crafting monetary policies to just its core functions, after the local currency depreci...Published: 15 Feb 2024 at 10:07hrs | 2 | by Staff reporter
Zimbabwe prices soar as new taxes kick in
THE year 2024 has started on a sombre note for citizens as prices of basic commodities surge in the wake of businesses implementing new government tax measures.Meat dealers have indicated that...Published: 05 Jan 2024 at 05:53hrs | 10 | by Staff reporter
Mumba Money appoints George Muchapirei as UK Chairman
Mumba Money, a leading international money transfer agency, is delighted to announce the appointment of George Muchapirei as Chairman of Mumba Money UK, effective 1 January 2024. With his extensive ex...Published: 02 Jan 2024 at 08:55hrs | 13 | by Nkululeko Nkomo
'Rains too late to stop Zimbabwe hunger'
A FAMINE monitoring agency says recent rains may have done little to avert a hunger crisis next year as indications show that over a million people are in need of food aid.The prolonged El Nin...Published: 31 Dec 2023 at 12:58hrs | 6 | by Staff reporter
Magnifying the gains from migration in Zimbabwe
THE recent World Development Report proposes a simple framework to analyse cross-border migration. It juxtaposes the motive for migration and the "match" between migrants' attributes and the destinati...Published: 29 Dec 2023 at 19:35hrs | 7 | by Staff reporter
Remitly Emerges as Top Choice for Zimbabweans Abroad: Fast, Affordable, and Fee-Free
In a significant trend, Zimbabweans in the diaspora are increasingly turning to Remitly.com for their money transfer needs, drawn by the platform's favorable exchange rates, vast collection points in ...Published: 29 Dec 2023 at 11:34hrs | 55 | by Libz Mbanje
Load More Stories
