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Chief of Mutambara installed after years of dispute
The long-running contest over the Mutambara chieftainship was finally settled this afternoon with the official installation of Mr Norman Mutambara as the substantive Chief of the Mutambara Clan....Published: 10 hrs ago | 158 | by Staff reporter
Zimbabwe's 2008 financial crash continues to haunt regulators
More than 15 years after Zimbabwe's 2008 financial collapse, the country's financial sector is once again under scrutiny as an estate developer has taken legal action against the Reserve Bank of Zimba...Published: 15 hrs ago | 175 | by Staff reporter
Zimbabwe FIU fines 4 banks over weak AML Controls
Zimbabwe's Financial Intelligence Unit (FIU) fined four banks up to US$30 000 each last year after uncovering serious lapses in anti-money laundering (AML) and counter-terrorist financing (CFT) system...Published: 15 hrs ago | 265 | by Staff reporter
How to tell if you are financially ready for franchise ownership
Franchise ownership can be an exciting way to step into entrepreneurship with the support of an established brand. Unlike starting a business from scratch, franchises offer proven systems, training, a...Published: 16 hrs ago | 71 | by Staff Reporter
Employees in $1.5 million illegal forex transfers to UAE
Two employees of a Harare-based company have appeared in court for allegedly operating an unlicensed money transfer business that moved more than US$1.5 million offshore.Kudzai Munatsi, 37, of...Published: 21 Aug 2025 at 08:46hrs | 388 | by Staff reporter
RBZ restores RTGS system after technical fault
The Reserve Bank of Zimbabwe (RBZ) says it has restored the Real Time Gross Settlement (RTGS) system following a technical fault that disrupted transfers and some cross-border transactions since Tuesd...Published: 20 Aug 2025 at 18:16hrs | 302 | by Staff reporter
CBZ appoints Group Chief Risk Officer
CBZ Holdings has announced the appointment of Eunice Mujekenyeki as its new Group Chief Risk Officer, bringing over two decades of experience in the financial services sector to the role.Ms. M...Published: 20 Aug 2025 at 18:15hrs | 545 | by Staff reporter
South Africa is in serious trouble
South Africa has been hit by some of the highest tariffs of any country, with increased duties placed on its goods exported to the United States. At 30%, the tariffs on South Africa are t...Published: 20 Aug 2025 at 11:07hrs | 1727 | by Staff reporter
Debate flares over teaching STEM subjects in local languages
A heated debate is unfolding in Zimbabwe over government proposals to introduce science and mathematics lessons in local languages, with supporters hailing the move as a step towards decolonising educ...Published: 20 Aug 2025 at 09:12hrs | 131 | by Staff reporter
RBZ to regulate AI in Zimbabwe's banks
The Reserve Bank of Zimbabwe (RBZ) is developing specific rules to regulate the use of artificial intelligence (AI) within the country's financial institutions, signaling a major step toward modernizi...Published: 19 Aug 2025 at 18:30hrs | 142 | by Staff reporter
RBZ hit by technical glitch
The Reserve Bank of Zimbabwe (RBZ) has informed the public of a technical issue currently affecting its network, which may lead to delays in various banking services.In a notice issued on 18 A...Published: 19 Aug 2025 at 12:28hrs | 651 | by Staff reporter
ZiG gains traction in domestic transactions
The Zimbabwe Gold (ZiG) currency is gaining momentum in the domestic financial system, now accounting for 40 percent of electronic payment transactions, six months after a strategic push by the Reserv...Published: 19 Aug 2025 at 08:53hrs | 133 | by Staff reporter
If Mnangagwa wants to know what 'nyika inovakwa nevene vayo' really means, he should learn from Rhodesians!
Sometimes, words are cheap, and it is often those who boast the most who achieve the least.When the late Robert Mugabe popularized the phrase 'nyika inovakwa nevene vayo' - and his successor E...Published: 19 Aug 2025 at 08:08hrs | 420 | by Tendai Ruben Mbofana
It's Poverty Professor Mapfumo and Not a Plot
At the recently held University of Zimbabwe 44th graduation ceremony, Professor Paul Mapfumo stood before graduates, dignitaries, and the President. He insisted that his "transformation agenda" would ...Published: 19 Aug 2025 at 07:17hrs | 321 | by Kumbirai Thierry Nhamo
RBZ orders banks to report on rural financial literacy outreach
The Reserve Bank of Zimbabwe (RBZ) has stepped up efforts to promote financial literacy in rural and marginalised communities, directing all banks and microfinance institutions to submit quarterly upd...Published: 18 Aug 2025 at 08:42hrs | 198 | by Staff reporter
Mohadi in Angola to honour fallen liberation fighters
Vice President Kembo Mohadi has arrived in Luanda, Angola, on a visit dedicated to paying homage to Zimbabwean liberation war fighters who perished on Angolan soil during the struggle for independence...Published: 18 Aug 2025 at 08:40hrs | 297 | by Staff reporter
Harare wetland in Tafara faces destruction
The City of Harare has come under fire for allegedly failing to protect a gazetted wetland in Tafara, near Mabvuku Cemetery, amid ongoing land allocations and construction activities.The area,...Published: 17 Aug 2025 at 12:06hrs | 153 | by Staff reporter
CBZ manager fired over missing RTGS3,000
A former Commercial Bank of Zimbabwe (CBZ) branch manager who was fired over financial irregularities involving RTGS3 000 has lost his appeal at the Labour Court, which upheld his dismissal.Co...Published: 17 Aug 2025 at 10:11hrs | 424 | by Staff rporter
Bulawayo turns to groundwater to tackle water shortages
The Bulawayo City Council and the Zimbabwe National Water Authority (Zinwa) are exploring innovative groundwater extraction solutions in a bid to address the city's persistent water shortages. The ini...Published: 17 Aug 2025 at 10:02hrs | 125 | by Staff rporter
SADC Chair handover to teach Mnangagwa smooth transfer of power
Every moment we encounter in life presents us with an opportunity to learn and grow.Today, 17 August 2025, President Emmerson Mnangagwa of Zimbabwe hands over the one-year Southern African Dev...Published: 17 Aug 2025 at 08:10hrs | 296 | by Tendai Ruben Mbofana
Zimbabwe Cricket president Coltart
Zimbabwe Cricket president Tavengwa Mukuhlani has hit back at critics, defending his administration and accusing former Bulawayo mayor David Coltart of misleading the public in a heated war of words o...Published: 16 Aug 2025 at 13:29hrs | 268 | by Staff reporter
Massive US$100,000 fines for Zimbabwe forex offenders
The Reserve Bank of Zimbabwe (RBZ) has introduced heavy fines and tougher enforcement measures against individuals, companies, and financial institutions caught breaking exchange control regulations....Published: 16 Aug 2025 at 13:13hrs | 469 | by Staff reporter
Shell companies siphon US$450m from Zimbabwe, SA
A network of 23 shell companies operating between Zimbabwe and South Africa has been implicated in laundering US$450 million through illicit financial flows (IFFs), part of an estimated US$3 billion i...Published: 15 Aug 2025 at 14:22hrs | 524 | by Staff reporter
FBC urges clear Zimbabwe de-dollarisation framework
FBC Holdings Limited has called on the Reserve Bank of Zimbabwe (RBZ) to establish a clear and credible framework for de-dollarisation to ease pressure on the country's foreign currency reserves....Published: 15 Aug 2025 at 08:55hrs | 398 | by Staff reporter
Zimbabwe's forex receipts jump 23%
Zimbabwe recorded a 23,1 percent surge in foreign currency receipts during the first half of 2025 compared to the same period last year, signalling growing confidence in the country's formal channels ...Published: 15 Aug 2025 at 08:33hrs | 93 | by Staff reporter
Why Zimbabweans rue plan to ditch US dollar?
Zimbabwe's plans to drop the US dollar in five years is already causing jitters in an economy that has suffered nearly two decades of currency volatility and bouts of record hyperinflation.Har...Published: 14 Aug 2025 at 10:44hrs | 995 | by Staff reporter
Beverage makers say 35% RBZ rate hampers growth
Zimbabwe's beverage industry has raised concerns over the Reserve Bank of Zimbabwe's (RBZ) decision to maintain the bank policy rate at 35% per annum, saying the high interest rate is constraining gro...Published: 14 Aug 2025 at 10:41hrs | 131 | by Staff reporter
Round nut dispute lands Plumtree man in court
A 43-year-old man from Plumtree, Hlanganiso Ncube, has appeared before magistrate Joshua Nembaware facing charges of physical abuse. He was remanded in custody until 13 August.According to the...Published: 13 Aug 2025 at 23:47hrs | 492 | by Edson Mapani
The Silent Killer in Zimbabwe's Medicine Cabinet
Walk into any pharmacy in Zimbabwe and you will find them. Antibiotics sold for headaches, for colds, for a sore throat after a night in the rain. No lab test, no prescription from a doctor who has ch...Published: 13 Aug 2025 at 21:04hrs | 892 | by Kumbirai Thierry Nhamo
2030: Zimbabwe will be using domestic currency
THE Reserve Bank of Zimbabwe (RBZ) has announced plans for a structured transition from the current multicurrency system to a domestic monetary framework, aimed at ensuring business continuity and eco...Published: 13 Aug 2025 at 12:35hrs | 452 | by Staff reporter
Community pushes for official recognition of Tji Zhawunda
The community of Gwanda District in Matabeleland South Province is taking steps to have Tji Zhawunda officially recognised as one of Zimbabwe's national languages.Tji Zhawunda is spoken in par...Published: 13 Aug 2025 at 12:22hrs | 155 | by Staff reporter
Zimbabwe banks show strong capital buffers
Most Zimbabwean banking institutions have exceeded minimum regulatory capital requirements, signalling stability, resilience, and soundness in the country's financial system, the latest Reserve Bank o...Published: 13 Aug 2025 at 09:08hrs | 208 | by Staff reporter
UN calls on Zimbabwe to curb illicit financial flows
The United Nations resident and humanitarian coordinator in Zimbabwe, Edward Kallon, has urged the government to take urgent measures to curb illicit financial flows (IFFs), warning that billions of d...Published: 13 Aug 2025 at 08:49hrs | 199 | by Staff reporter
Zimbabwe Cricket hits back at Coltart over racism claims
Zimbabwe Cricket (ZC) has launched a strong rebuttal against what it describes as a long-running smear campaign by Bulawayo Mayor David Coltart, accusing him of targeting black administrators with unf...Published: 12 Aug 2025 at 14:41hrs | 934 | by Staff reporter
Zimbabwe to unveil de-dollarization roadmap in November
Zimbabwe's central bank has announced its decision to launch a de-dollarisation roadmap in November, along with the new five-year economic blueprint.In his 2025 mid-term monetary policy statem...Published: 12 Aug 2025 at 11:01hrs | 433 | by Staff reporter
Zimbabwe conducts digital currency survey
The Reserve Bank of Zimbabwe (RBZ) has intensified its preparations to introduce a Central Bank Digital Currency (CBDC) through a phased approach, starting with consumer perception surveys to gauge pu...Published: 12 Aug 2025 at 08:41hrs | 265 | by Staff reporter
Zimbabwe hits US$44,9bn in digital transactions
Zimbabwe's financial sector has marked a major milestone in its digital transformation, processing a record 381 million electronic transactions worth ZiG1,2 trillion (US$44,9 billion) in the first hal...Published: 12 Aug 2025 at 08:32hrs | 204 | by Staff reporter
ZPRA veterans challenge govt to fulfil liberation promises
The Zimbabwe People's Revolutionary Army (ZPRA) Veterans Association has issued a sharp rebuke of the government's handling of liberation war veterans and the broader citizenry as the nation marks Her...Published: 12 Aug 2025 at 08:23hrs | 89 | by Staff reporter
US$500 000 empowerment scheme for ZCC members
Government yesterday launched the US$500 000 Presidential Empowerment Scheme for members of the Zion Christian Church (ZCC), aimed at boosting the livelihoods of congregants in recognition of the chur...Published: 11 Aug 2025 at 08:44hrs | 180 | by Staff reporter
RBZ's to unlock over US$1 billion in remittances
In a bold move to revive Zimbabwe's struggling economy, the Reserve Bank of Zimbabwe (RBZ) has announced a plan to securitize diaspora remittances, aiming to transform predictable inflows into investa...Published: 10 Aug 2025 at 18:36hrs | 317 | by Staff reporter
Lesetja Kganyago has intentionally destroyed black businesses
In a blistering and unfiltered critique, Khandani Msibi, Group CEO of NUMSA Investment Company and 3Sixty Global Solutions Group, has accused South African financial regulators of systematically targe...Published: 10 Aug 2025 at 16:17hrs | 726 | by Staff reporter
UK agrees to return remains of Nehanda, Kaguvi
British authorities have granted Zimbabwe permission to repatriate the remains of First Umvukela war heroes, taken to Europe during the colonial era as war trophies. The decision marks a significant s...Published: 10 Aug 2025 at 10:26hrs | 850 | by Staff reporter
Ex-ZIPRA commander raises alarm over mysterious deaths
As Zimbabwe prepares to mark Heroes Day on August 11, a former ZIPRA commander has raised the alarm over what he describes as a disturbing and unexplained pattern of deaths among veterans of the count...Published: 10 Aug 2025 at 10:16hrs | 623 | by Staff reporter
SA police hunt for Zimbabwean gold mining kingpin
The National Prosecuting Authority (NPA) has amended the indictment against eight suspects accused of involvement in an alleged illegal mining syndicate following the repeated failure of the suspected...Published: 10 Aug 2025 at 10:07hrs | 1049 | by Staff reporter
ZRP cracks down on illegal use of blue lights, sirens
The Zimbabwe Republic Police (ZRP) has issued a stern warning to motorists illegally using blue lights, sirens, and bar lights on their vehicles, with Commissioner-General Stephen Mutamba vowing to cl...Published: 09 Aug 2025 at 16:51hrs | 600 | by Staff reporter
RBZ cracks down on ZiG rejection
The Reserve Bank of Zimbabwe (RBZ) has issued a strong warning to businesses and service providers who are refusing to accept the Zimbabwe Gold (ZiG) currency, with central bank governor Dr John Musha...Published: 09 Aug 2025 at 13:28hrs | 477 | by Staff reporter
Zimbabwe's forex receipts surge to US$7.3 billion
Zimbabwe recorded a significant boost in foreign currency receipts, raking in US$7.3 billion during the first half of 2025, according to the Reserve Bank of Zimbabwe’s (RBZ) latest Monetary Policy S...Published: 09 Aug 2025 at 10:01hrs | 141 | by Staff reporter
Logistics firm in exchange control violation
Mapho Tradelink Procurement and Logistics Private Limited, a leading procurement and logistics company, has been taken to court for allegedly breaching the Exchange Control Act by making payments exce...Published: 08 Aug 2025 at 13:08hrs | 196 | by Staff reporter
'ZiG outperforms regional peers'
The Reserve Bank of Zimbabwe (RBZ) has lauded the Zimbabwe Gold (ZiG) currency for its sustained stability and strong performance compared to several regional currencies within the Southern African De...Published: 08 Aug 2025 at 13:02hrs | 309 | by Staff reporter
RBZ crackdown on money laundering
Following an intensive investigation into smuggling, money laundering, and financial externalisation, Zimbabwean authorities have launched a crackdown targeting several businesspeople and companies im...Published: 08 Aug 2025 at 09:15hrs | 590 | by Staff reporter
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