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AG exposes massive financial mismanagement
A damning report by Acting Auditor-General Rhea Kujinga, tabled in Parliament this week, has uncovered widespread financial mismanagement, weak internal controls, and systemic accounting failures ...Published: 25 Jul 2025 at 09:24hrs | 215 | by Staff reporter
IMF sees signs of recovery in Zimbabwe
Zimbabwe is showing early signs of economic recovery and macroeconomic stabilization, buoyed by recent policy reforms and improved fiscal management, according to the International Monetary Fund (IMF)...Published: 24 Jul 2025 at 16:53hrs | 703 | by Staff reporter
ZimStat confirms dominance of Zimbabwe's huge informal sector
The Zimbabwean economy is overwhelmingly dominated by informal micro-businesses, according to a preliminary report of the 2023 Economic Census released yesterday by the Zimbabwe National Statistics Ag...Published: 24 Jul 2025 at 09:32hrs | 123 | by Staff reporter
Till operator on the run after allegedly stealing US$12,000
Police have launched a manhunt for Philisani Nyathi, a till operator at N. Richards Group, who is accused of stealing US$12,000 from the company on July 15, 2025.Masvingo Provincial Police Spo...Published: 23 Jul 2025 at 14:08hrs | 1101 | by Staff reporter
2 sales agents charged with fraud and money laundering
Two sales agents have appeared in court facing charges of fraud and money laundering after allegedly orchestrating a scheme to defraud their employer, Goldenclem Credit, of over US$23,000 through fict...Published: 22 Jul 2025 at 13:29hrs | 361 | by Staff reporter
Zacc faces resistance as anti-corruption efforts stall
The Zimbabwe Anti-Corruption Commission (Zacc) is facing stiff resistance in its fight against graft in the border town of Beitbridge, with insiders revealing that some State agencies, suspected to be...Published: 22 Jul 2025 at 09:25hrs | 151 | by Staff reporter
Money laundering costs Zimbabwe US$6,5bn
Zimbabwe has lost an estimated US$6.15 billion to money laundering-related crimes over the past five years, with car dealerships, gold smuggling, and entrenched corruption networks topping the list of...Published: 22 Jul 2025 at 08:49hrs | 184 | by Staff reporter
Meikles's debt to suppliers raises fresh concerns
Meikles Limited's trade payables more than doubled to ZiG925,78 million in its financial year ended February 28, 2025, sparking fears of deepening debt pressures within Zimbabwe's formal retail sector...Published: 21 Jul 2025 at 12:34hrs | 462 | by Staff reporter
Chinese national in court for alleged US$322k fraud
A Chinese national appeared before the Harare Regional Magistrates Court on Thursday facing allegations of defrauding a client of US$322,381 under the pretext of supplying minerals and securing an exp...Published: 18 Jul 2025 at 20:54hrs | 259 | by Staff reporter
RBZ exposes massive money laundering
The Reserve Bank of Zimbabwe (RBZ) has unearthed large-scale illicit financial flows (IFFs) in the country's real estate and motor vehicle dealership sectors, revealing industrial-scale money launderi...Published: 18 Jul 2025 at 14:40hrs | 1502 | by Staff reporter
Zimbabwe's plan to make ZiG sole currency faces sharp criticism
Reserve Bank of Zimbabwe (RBZ) governor John Mushayavanhu has recently suggested making the local currency, the Zimbabwe Gold coin (ZiG), the sole legal tender in the country. Despite Mushayavanhu's c...Published: 18 Jul 2025 at 08:52hrs | 1188 | by Staff reporter
Villager loses 12 cattle in traditional court ruling
A Mazowe villager, Christopher Chisango, has won a reprieve at the High Court after successfully challenging a traditional court ruling that had ordered him to compensate a fellow villager with 12 cat...Published: 18 Jul 2025 at 08:32hrs | 426 | by Staff reporter
Zimbabwe eyes price relief towards end of 2025
After years of persistent inflationary pressures, Zimbabwe is approaching the latter half of 2025 with cautious optimism, as recent economic indicators and government policy measu...Published: 15 Jul 2025 at 21:56hrs | 445 | by Staff reporter
Street kid-turned-vendor convicted of fraud, theft
A former street kid who rose to prominence as a popular airtime vendor in Masvingo town has been convicted of fraud and theft after swindling two victims out of more than US$1,600. However, sentencing...Published: 14 Jul 2025 at 15:58hrs | 677 | by Staff reporter
Zimbabwe gold makes currency history
Welcome Mavingire, managing consultant at INTELLEGO Investment Consultants, has hailed the Zimbabwe Gold (ZiG) currency's recent stability as the longest sustained period for a domestic currency in th...Published: 14 Jul 2025 at 08:10hrs | 726 | by Staff reporter
'Surge in forex inflows a boon for ZiG stability'
Zimbabwe's foreign currency receipts surged by 22 percent to US$6 billion in the first five months of 2025, according to the Reserve Bank of Zimbabwe (RBZ), a development anal...Published: 14 Jul 2025 at 07:52hrs | 134 | by Staff reporter
Zimbabwe's foreign currency reserves surge
Zimbabwe's foreign currency reserves have maintained strong momentum, with the Reserve Bank of Zimbabwe (RBZ) reporting that, by the end of June 2025, the reserve holdings were more than three times h...Published: 10 Jul 2025 at 08:56hrs | 128 | by Staff reporter
EcoCash launches 'EcoCash Plus' wallet
EcoCash, Zimbabwe's leading mobile money platform, has unveiled EcoCash Plus - a specialised digital wallet designed to meet the unique needs of small and medium enterprises (SMEs), vendors, and servi...Published: 09 Jul 2025 at 18:06hrs | 840 | by Staff reporter
UK-based couple files complaint against Bulawayo prosecutors
A Bulawayo couple now living in the United Kingdom has lodged a formal complaint against prosecutors at the Bulawayo Tredgold Courts over delays and alleged mishandling of a fraud case involving a wom...Published: 07 Jul 2025 at 08:47hrs | 2101 | by Staff reporter
Gambling is devouring Zimbabwe's youth faster than drugs
Zimbabwe is witnessing a disturbing surge in gambling addiction, a crisis that is fast becoming as destructive as the country's long-running drug epidemic. The explosion of betting, particularly among...Published: 07 Jul 2025 at 08:42hrs | 271 | by Staff reporter
Mozambican vendors invade Zimbabwe
On January 2, 2025, 18-year-old Castigo Quembo from Matazi village near Manica in Mozambique left home and crossed into Zimbabwe through an illegal entry point close to the Machipanda-Forbes Border Po...Published: 06 Jul 2025 at 12:35hrs | 2127 | by Staff reporter
Internal disputes rock Highlanders
Premiership side Highlanders Football Club continues to grapple with internal conflicts as revelations emerge about questionable financial practices within the club's executive. Reliable insiders have...Published: 05 Jul 2025 at 15:32hrs | 742 | by Staff reporter
Zimbabwe govt privatising prisons?
Zimbabwe is embarking on a fresh push to reform its prison rehabilitation system, aiming to better prepare inmates for reintegration into society. This initiative, announced recently by Cabinet, inclu...Published: 05 Jul 2025 at 14:59hrs | 312 | by Staff reporter
Scammers breach CVR database
A sophisticated scam targeting newly licensed drivers has rocked Zimbabwe's Central Vehicle Registry (CVR), with fraudsters allegedly breaching the agency's database and sending fake messages demandin...Published: 03 Jul 2025 at 19:16hrs | 1038 | by Staff reporter
Bail ruling set for Ecobank fraud suspects
Three men accused of defrauding Ecobank of US$73,000 through a company called Jerrypat Electricals (Pvt) Ltd are set to appear in court tomorrow for a bail ruling.The accused, Nigel Gwanzura, ...Published: 03 Jul 2025 at 09:25hrs | 659 | by Staff reporter
First Mutual Holdings suffers US$27 million loss
Financial services group First Mutual Holdings Limited (FMHL) has reported a significant after-tax loss of US$27.11 million for the financial year ended December 31, 2024, reversing the previous year'...Published: 02 Jul 2025 at 12:05hrs | 229 | by Staff reporter
Zimbabwe cannot fund large-scale projects without monetary autonomy
Zimbabwe's economic debate is often framed through the lens of inflation control, exchange rate stability, and the day-to-day functionality of the US dollar in domestic transactions.Yet, benea...Published: 01 Jul 2025 at 12:05hrs | 194 | by Brighton Musonza
'Bring in ZACC to clean up Highlanders'
Highlanders Football Club is currently engulfed in a storm of controversy following the sudden resignation of Acting CEO Kindman Ndlovu, who last week submitted a scathing letter citing a toxic workin...Published: 30 Jun 2025 at 13:14hrs | 339 | by Staff reporter
Zimbabwe's monthly inflation eases to 0.3%
Zimbabwe's month-on-month inflation rate eased to 0.3% in June 2025, shedding 0.6 percentage points from the May figure of 0.9%, according to data released by the Zimbabwe National Statistics Agency (...Published: 30 Jun 2025 at 09:03hrs | 270 | by Staff reporter
Pearls cast before a swine: does not know what to do with them
Power was trust upon him: Chamisa was literally given power by former President Tsvangirai on his death bed. He was terminally ill; it was a matter of days and hours; Tsvangirai died leaving Chamisa b...Published: 29 Jun 2025 at 12:31hrs | 397 | by Nomazulu Thata
Zimbabwe banks process R6bn via regional payment systems
Zimbabwean banks processed transactions worth R6.09 billion (approximately US$339 million) through the Southern African Development Community Real-Time Gross Settlement System (SADC-RTGS) in 2024, mar...Published: 27 Jun 2025 at 18:32hrs | 280 | by Staff reporter
Chiyangwa locked up over US$583 660 cryptocurrency fraud
A Harare woman, Melissa Messe Samantha Chiyangwa, appeared in court this week charged with swindling a prominent eye specialist of nearly US$600,000 in a complex cryptocurrency scam spanning over two ...Published: 27 Jun 2025 at 15:19hrs | 781 | by Staff reporter
Biti, Kasukuwere gang up against Tagwirei
Former cabinet ministers Saviour Kasukuwere and Tendai Biti have publicly condemned controversial businessman Kudakwashe Tagwirei, branding him as the "face of corruption" whose growing influence with...Published: 27 Jun 2025 at 09:36hrs | 1124 | by Staff reporter
Zimra faces deepening tax enforcement crisis
The Zimbabwe Revenue Authority (ZIMRA) is grappling with a growing tax enforcement crisis as the dominance of the cash economy, rampant informality, and high-profile tax disputes expose critical weakn...Published: 26 Jun 2025 at 11:26hrs | 1642 | by Staff reporter
Zimbabwe Parliament demands removal of punitive taxes
Parliament has sharply escalated pressure on Treasury to urgently scrap punitive taxes, including the highly contentious 2% Intermediated Money Transfer Tax (IMTT), by August 31, 2025, in a bid to hal...Published: 26 Jun 2025 at 11:25hrs | 1725 | by Staff reporter
Dr Guramatunhu loses money in cryptocurrency scam
Renowned ophthalmologist Dr Solomon Guramatunhu has reportedly lost more than US$583,000 in a cryptocurrency scam allegedly orchestrated by a business associate and her husband, a Harare court heard y...Published: 25 Jun 2025 at 15:20hrs | 903 | by Staff reporter
Online investment scam backfires for EcoCash agents
An attempt to make quick profits through an online investment scheme ended disastrously for two Mutare women who were convicted of fraud after misusing their employer's US$1,500. The crime came to lig...Published: 25 Jun 2025 at 12:34hrs | 1161 | by Staff reporter
It will take more than Mnangagwa's gold vault tour to restore public trust in the ZiG
There's a saying: trust is built over time - but can be destroyed in an instant, and once broken, confidence is not only shattered, but painfully difficult to rebuild.President Emmerson Mnanga...Published: 23 Jun 2025 at 18:56hrs | 351 | by Tendai Ruben Mbofana
3 Zimbabweans arrested for investment fraud in India
Kolkata Police arrested three Zimbabwean nationals - Tinashe Gadzikwa Praise (22), Malvern Matungamire (25), and Nyamhunga Lenon Kudakwashe (23) - from separate apartments in Mohali's Kharar area, Pun...Published: 23 Jun 2025 at 10:59hrs | 311 | by Staff reporter
Woes mount for Zimbabwe formal businesses\
Informal traders who largely evade taxes and levies are placing formal retail and wholesale businesses in Zimbabwe at a significant competitive disadvantage, burdened by a heavy and complex taxation r...Published: 23 Jun 2025 at 10:58hrs | 245 | by Staff reporter
The death of an African President: Advocate Edgar Lungu!
The philosophy of Ubuntu will not allow me to talk about former President Edgar Lungu using outdoor language. Africa is rid of a ruler that destroyed the image of the African continent; we are yet to ...Published: 23 Jun 2025 at 10:48hrs | 498 | by Nomazulu Thata
EcoCash launches Ziyawa promotion with over 200,000 prizes
EcoCash has officially launched the seventh edition of its popular ChakaChaya/Ziyawa neEcoCash promotion, offering more than 200,000 customers the chance to win prizes that range from household applia...Published: 23 Jun 2025 at 10:28hrs | 263 | by Staff reporter
Bulawayo pair jailed for selling same stand twice
Two Bulawayo residents, Henessy Dube (46) and Flora Moyo (45), have been jailed for fraud after they were found guilty of duping a homebuyer by selling a residential stand in Highmount to two differen...Published: 23 Jun 2025 at 10:24hrs | 262 | by Staff reporter
ZiG usage surges to half of all transactions in Zimbabwe
Nearly half of all transactions processed through Zimbabwe's National Payment System are now being conducted in Zimbabwe Gold (ZiG), marking a dramatic rise in adoption of the country's gold-backed cu...Published: 22 Jun 2025 at 11:05hrs | 1785 | by Staff reporter
Lake Kariba black market fish trade fuels illicit financial flow
A booming black market fish trade along Lake Kariba, driven by the illegal use of cheap twine nets, is undermining Zimbabwe's formal fishing economy and fuelling millions of dollars in illicit financi...Published: 22 Jun 2025 at 09:08hrs | 217 | by Staff reporter
Former soldier loses pension in fraud scheme by ex-colleague
A former Zimbabwe National Army (ZNA) member, Forward Mapfunde of Warren Park D in Harare, is counting significant losses after his pension funds were fraudulently stolen by a former colleague who ret...Published: 21 Jun 2025 at 09:48hrs | 256 | by Staff reporter
ZACC joins fight against education corruption
The Ministry of Primary and Secondary Education has intensified efforts to root out corruption in schools across Manicaland by enlisting the Zimbabwe Anti-Corruption Commission (ZACC) and the po...Published: 21 Jun 2025 at 09:34hrs | 116 | by Staff reporter
Fresh details on collapsed US$2,5bn CBZ bid emerge
An ambitious plan by CBZ Holdings to create Zimbabwe's largest financial services powerhouse has collapsed after the Competition and Tariff Commission (CTC) imposed a series of restrictive conditions ...Published: 20 Jun 2025 at 17:36hrs | 186 | by Staff reporter
Mushayavanhu under fire for outdated monetary assumptions
Reserve Bank of Zimbabwe (RBZ) governor John Mushayavanhu is facing mounting criticism over his persistent claim that the ZiG, Zimbabwe's embattled local currency, can only be strong if it is backed b...Published: 20 Jun 2025 at 16:32hrs | 493 | by Staff reporter
IMF withholds Zimbabwe reform programme
The International Monetary Fund (IMF) has signalled that Zimbabwe's much-anticipated Staff Monitored Programme (SMP) - a critical step in the country's economic reform and debt resolution strategy - w...Published: 20 Jun 2025 at 07:39hrs | 2216 | by Staff reporter
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