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Mukuru expanding into deposit-taking microfinance institution
Zimbabwe's rapidly growing remittance sector has prompted several money transfer platforms to diversify their services, with Mukuru Financial Services Zimbabwe Limited becoming the latest to be licens...Published: 19 Dec 2024 at 16:56hrs | 469 | by Staff reporter
Zimbabwe man jailed 10 years in US$2.7 million ZB Bank heist set free
Tendai Zuze, who was convicted and sentenced to 10 years in prison for his alleged involvement in the 2021 US$2.7 million ZB Bank highway cash heist, has been acquitted by the High Court on appeal aft...Published: 17 Dec 2024 at 08:21hrs | 1155 | by Staff reporter
Zimbabwe's Banking Sector and No Arrests Years Down the Line
United Merchant Bank (UMB) - Closed in 1998 due to insider loans and mismanagement.Universal Merchant Bank (UMB) - Closed in 2003 struggled with negative perceptions after UMB's collapse....Published: 05 Dec 2024 at 20:15hrs | 296 | by Engineer Jacob Kudzayi Mutisi
Zimbabwe inflation eases
Zimbabwe's inflation rate eased significantly in November, marking a slowdown to 11.7% from 37.2% in October, according to the Reserve Bank of Zimbabwe (RBZ). The decline was attributed to the central...Published: 05 Dec 2024 at 11:08hrs | 489 | by Staff reporter
Zimbabwe's errant bankers must be punished
Vocal Harare political activist and business advocate, Engineer Jacob Mutisi, has called for stringent accountability for bankers and financial institutions involved in the mismanagement and fraudulen...Published: 05 Dec 2024 at 09:19hrs | 1400 | by Staff reporter
Zimbabwe's banking sector and no arrests years down the line
United Merchant Bank (UMB) - Closed in 1998 due to insider loans and mismanagement.Universal Merchant Bank (UMB) - Closed in 2003 struggled with negative perceptions after UMB's collapse....Published: 05 Dec 2024 at 09:07hrs | 606 | by Eng. Jacob Kudzayi Mutisi
RBZ keeps rates steady
Reserve Bank of Zimbabwe (RBZ) Governor John Mushayavanhu has announced that the bank policy rate will remain at 35%, and statutory reserve requirements will stay unchanged, as the central bank seeks ...Published: 05 Dec 2024 at 06:55hrs | 444 | by Staff reporter
Zimbabwe's central bank claims success in stabilising rate and inflation
The Reserve Bank of Zimbabwe (RBZ) has announced significant progress in stabilising the country's exchange rate and inflation following a series of monetary policy interventions, including a cumulati...Published: 04 Dec 2024 at 14:23hrs | 291 | by Staff reporter
'Banks refuse to make salary payments on behalf of Zimbabwe govt'
A dramatic financial crisis has hit Zimbabwe's civil service as banks have reportedly withheld payments for thousands of public sector workers' salaries, citing the government's inability to meet its ...Published: 03 Dec 2024 at 09:58hrs | 12939 | by Staff reporter
ZiG spawns upheavals in insurance industry
Insurers have been scrambling to reassure policyholders as market jitters resurface in the wake of the introduction of Zimbabwe Gold (ZiG) in April. With memories of the devastating currency shifts in...Published: 24 Nov 2024 at 10:13hrs | 253 | by Staff reporter
Govt stops Harare demolitions
The Harare City Council was forced to suspend its controversial house demolition exercise yesterday following mounting pressure from the government. The move came after a public outcry and strong crit...Published: 18 Nov 2024 at 15:06hrs | 372 | by Staff reporter
Domestic Tourism festive season campaign launched
Minister of Tourism and Hospitality Industry, Barbara Rwodzi has this Saturday in Mazoe launched Domestic Tourism festive season travel campaign targeting...Published: 17 Nov 2024 at 07:59hrs | 740 | by Gideon Madzikatidze
Top Bank executive slams RBZ tight policy measures
A prominent banking executive has criticized the Reserve Bank of Zimbabwe (RBZ) for focusing too heavily on exchange rate stability at the cost of economic growth, warning that the central bank's rece...Published: 10 Nov 2024 at 11:05hrs | 1827 | by Staff reporter
Zimbabwe foreign currency reserves rise to US$500m
Zimbabwe's foreign currency reserves backing its local currency, the Zimbabwe Gold (ZiG), have surged past US$500 million, tripling the total amount of ZiG in circulation. This development is expected...Published: 10 Nov 2024 at 10:41hrs | 170 | by Staff reporter
ZiG remains fully legal and operational, says RBZ
The Reserve Bank of Zimbabwe (RBZ) has reassured the public that the Zimbabwe Gold (ZiG) currency remains fully legal and operational, dismissing concerns about potential regulatory gaps. This clarifi...Published: 28 Oct 2024 at 17:12hrs | 1029 | by Staff reporter
Zimbabwe farmers push for localisation of tobacco beneficiation
The Tobacco Farmers Union Trust (TFUT) is calling for the localisation of tobacco beneficiation to help mitigate losses caused by adverse weather conditions and soaring production costs in Zimbabwe's ...Published: 28 Oct 2024 at 07:09hrs | 242 | by Staff reporter
Huawei in Zimbabwe solar power deal for mines
Leading renewable energy provider Grid Africa has entered into a strategic partnership with global technology giant Huawei to implement a 72MW solar power project aimed at supplying electricity to min...Published: 23 Oct 2024 at 07:40hrs | 259 | 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 | 156 | by Michael Badze
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 | 708 | by Staff reporter
Zimbabwe teachers demand US$1,200 salary
As the global community observes World Teachers Day, teachers in Zimbabwe are intensifying their calls for a salary increment that would raise their monthly earnings to at least US$1,200. Currently, e...Published: 04 Oct 2024 at 08:51hrs | 6858 | by Staff reporter
Zimbabwe's government: The biggest threat to its own currency
The Reserve Bank of Zimbabwe's (RBZ) recent decision to devalue the Zimbabwean Gold (ZiG) by 50% has left the nation reeling. Overnight, the currency's value plummeted from 14 to 23.4 against ...Published: 29 Sep 2024 at 15:25hrs | 3366 | by Tendai Ruben Mbofana
RBZ raises bank policy rate to 35%
The Reserve Bank of Zimbabwe (RBZ) has announced significant measures to tackle resurgent exchange rate volatility and mitigate inflationary pressures. Effective immediately, the bank policy rate has ...Published: 27 Sep 2024 at 15:29hrs | 1316 | by Staff reporter
Cosatu slams Ramaphosa's 'sellout' GNU government
Long serving ANC alliance partner the Congress of South African Trade Unions (Cosatu) in KwaZulu-Natal has broken ranks, saying the once-ruling party was teetering on the brink of total collapse due t...Published: 27 Sep 2024 at 08:52hrs | 297 | by Staff reporter
Overview of Popular Crypto Trading Platforms
Crypto Trading Platforms Over the past ten years, cryptocurrency trading has become somewhat popular since many platforms have developed to serve trader...Published: 25 Sep 2024 at 17:05hrs | 224 | by Staff Reporter
NetOne Unveils OneBusiness Package: A Streamlined Communication Solution for Businesses of All Sizes
NetOne has unveiled the OneBusiness Package, a comprehensive communication solution designed to empower businesses of all sizes. This innovative package offers a range of features to enhance connectiv...Published: 18 Sep 2024 at 10:15hrs | 625 | by Simbarashe Sithole
Fuel price decrease brings welcome relief to SA consumers
Consumers in South Africa will be able to stretch their rands a little further this month after the fuel price decreases were announced this past week.The Department of Mineral Resources and E...Published: 08 Sep 2024 at 09:39hrs | 105 | by Staff reporter
Zimbabwe central bank injects US$190 million to meet forex demand
Zimbabwe's central bank has injected US$190 million into the foreign-exchange market to meet demand for dollars and maintain economic stability since the introduction of a new bullion-backed currency,...Published: 03 Sep 2024 at 14:37hrs | 466 | by Staff reporter
Liquefied petroleum gas use rises 14-fold
The consumption of liquefied petroleum gas (LPG) in Zimbabwe has surged nearly 14-fold since 2012, rising from around five million kilograms per year to the current 70 million kilograms. This dramatic...Published: 01 Sep 2024 at 10:16hrs | 122 | by Staff reporter
'ZiG acceptance rate reaches 91%'
Zimbabwe's local currency, ZiG, has seen a significant boost in public confidence, with acceptance rates soaring to 91% from 61% since its launch in April 2024, according to Reserve Bank of Zimbabwe G...Published: 31 Aug 2024 at 11:12hrs | 1787 | by Staff reporter
On the Money: How Old Mutual is empowering Zimbabwe's farmers
As the Zimbabwe Agricultural Show kicks off under the theme "Cultivating Prosperity. Growing Business. Innovation for Change. Nurturing our Future," a critical component of this year's event is the fi...Published: 29 Aug 2024 at 15:55hrs | 237 | by Staff Reporter
Uber driver recounts near-death experiences
BRIAN Moyo (not real name) remembers the night when a gang of four men hijacked him, tied him up,and drove around on the streets of Johannesburg in South Africa while still deciding whether to kill hi...Published: 18 Aug 2024 at 12:19hrs | 249 | by Staff reporter
Old Mutual's O'mari launches home insurance solution
O'mari, the fintech subsidiary of Old Mutual Zimbabwe, has announced the launch of its new digital-first, low-cost home insurance product 'O'mari HomeCare', underwritten by Old Mutual Zimbabwe Insuran...Published: 15 Aug 2024 at 17:56hrs | 386 | by Simbarashe Sithole
Pioneering progress amid resource constraints in African radiology and oncology
Experts are concerned about resource limits and insufficient radiology skills and services in Africa, particularly for cancer detection and treatment. As the continent grapples with the rising burden ...Published: 15 Aug 2024 at 07:41hrs | 145 | by Agencies
Finance Ministry blacklists 51 govt suppliers
The Treasury has blacklisted 51 government contractors for engaging in black market activities after receiving payments in local currency. Treasury boss Mthuli Ncube state...Published: 25 Jul 2024 at 12:48hrs | 863 | by Staff reporter
ZiG acceptance grows across Zimbabwe economy
The Reserve Bank of Zimbabwe (RBZ) has observed a growing acceptance of the local currency, ZiG, by both businesses and individuals, which aligns with the central bank's efforts to stabilize the econo...Published: 24 Jul 2024 at 08:54hrs | 2080 | by Staff reporter
Government urged to support return of pregnant students to school
Harare, 19 July 2024 (New Ziana) - With a rising number of school-going adolescent girls becoming pregnant, Mashonaland Central Senator Angeline Tongogara has called on the Ministry of Public Service,...Published: 19 Jul 2024 at 10:14hrs | 469 | 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 | 6713 | 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
Zimbabweans cross Zambia border for cheaper healthcare, medicines
At 5pm at the Victoria Falls border post, Margaret Tshuma - who has a 24-hour day pass to be in Zambia - is in a rush to return home to Zimbabwe before dusk.This is not the first time Tshuma, ...Published: 12 Jul 2024 at 07:26hrs | 32 | by Staff reporter
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
Zimbabwe banks on civil servants in tourism push
The Zimbabwean government is proposing a scheme where civil servants would contribute monthly towards end-of-year holidays to boost domestic tourism, despite widespread poverty among workers. ...Published: 09 Jul 2024 at 05:59hrs | 577 | by Staff reporter
USAid's creating its informal banking system in Zimbabwe?
Communities in Chiredzi district are benefiting from an informal banking system facilitated by the USAid-funded Savings and Internal Lending Committees (SILC) project, operated under the Resilient Anc...Published: 09 Jul 2024 at 05:54hrs | 9 | by Staff reporter
Mnangagwa confirms structure to 'drip feed' ZWG into economy
Deputy Minister of Finance, Economic Development, and Investment Promotion, David Mnangagwa, acknowledged that the introduction of the Zimbabwe Gold (ZWG) currency in April has been characterized by a...Published: 01 Jul 2024 at 13:34hrs | 10 | by Staff reporter
Zimbabwe takes healthcare to the next level with Quinary Hospital
The Second Republic is persisting in its efforts to upgrade the healthcare delivery system in Zimbabwe.A notable accomplishment in this regard is the impending completion of the University...Published: 15 Jun 2024 at 12:26hrs | 94 | by Tonderai Ndoro
Mnangagwa urges Zimbabweans to trust the ZiG currency
President Emmerson Mnangagwa has urged industry leaders to trust in the Zimbabwe Gold (ZiG) currency, introduced to replace the unstable Zimbabwean dollar. Speaking at the 10th CEO Africa Roun...Published: 14 Jun 2024 at 07:21hrs | 8 | by Staff reporter
Construction of NUST library resumes after 20-year halt
Construction of the National University of Science and Technology (Nust) Central Library, stalled at 30 percent two decades ago, will resume next year following a Structural Integrity Assessment certi...Published: 09 Jun 2024 at 09:08hrs | 44 | by Staff reporter
Nust students scoop top Oxford innovation award
Three first-year students from the National University of Science and Technology (Nust) have garnered global acclaim for their groundbreaking smart agriculture irrigation system. This innovative syste...Published: 30 May 2024 at 08:37hrs | 40 | by Staff reporter
Zimbabwe govt threatens to sanction businesses
The government has issued a warning to businesses found pricing their goods and services above the official exchange rate in a bid to stabilize the newly introduced currency, Zimbabwe Gold (ZiG)....Published: 28 May 2024 at 10:17hrs | 6 | by Staff reporter
Zimbabweans are distraught by financial trauma
GOOD day, President Emmerson Mnangagwa.Your Excellency, as I see it, Zimbabweans are emotionally drained. They are overwhelmed by the severity of deprivation caused by the collapse of currenci...Published: 22 May 2024 at 09:52hrs | 14 | by Cyprian Muketiwa Ndawana
Zimbabwe govt must support ZiG currency through raft of solid measures
THE Reserve Bank of Zimbabwe (RBZ) has been urged to implement a raft of measures, including fiscal discipline, public consultation and policy consistency, if the newly introduced Zimbabwe Gold (ZiG) ...Published: 19 May 2024 at 11:55hrs | 6 | by Staff reporter
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