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Teacher arrested while trying to convert ZiG to US$
Albert Nyambara, a teacher from Marondera who was arrested for attempting to convert his local currency, ZiG, salary into United States dollars, has been summoned to appear at the Marondera Magistrate...Published: 06 Sep 2024 at 17:14hrs | 1603 | by Staff reporter
Mnangagwa, Tshabangu parties to share ZiG 70 million
Zanu-PF and CCC will share ZWG 70 million under the Political Parties Finance Act, which provides financial support to political parties in Zimbabwe.Zanu-PF is set to receive ZWG 47.9 million,...Published: 06 Sep 2024 at 14:10hrs | 171 | by Staff reporter
Zimbabwe govt intervenes to end dual pricing
The government is closely monitoring businesses that are manipulating the exchange rate by using black market rates instead of the official ZiG currency rate. This practice undermines the ZiG, which i...Published: 05 Sep 2024 at 17:07hrs | 5828 | by Staff reporter
Chiwenga talks tough over falling ZiG
Vice-President Constantino Chiwenga has announced that the government is closely monitoring financial markets to address the recent decline in the value of the local currency on the parallel mark...Published: 05 Sep 2024 at 07:21hrs | 973 | by Staff reporter
Zimbabwe economy needs robust tax system
The Zimbabwe Revenue Authority (ZIMRA) is pushing for a modernized tax system to address the complexities of Zimbabwe's economy, particularly the predominantly cash-based informal sector. ...Published: 05 Sep 2024 at 07:07hrs | 104 | by Staff reporter
Chiwenga calls for national unity
Acting President Dr. Constantino Chiwenga delivered a heartfelt address today at the burial of Brigadier General (Rtd) Shadreck Dingaan Ndabambi, extending condolences on behalf of the nation, the Gov...Published: 04 Sep 2024 at 15:22hrs | 1398 | by Staff reporter
Kwekweza, Chere, Gwenzi granted bail
The High Court has granted bail to three opposition activists, Namatai Kwekweza, Robson Chere, and Samuel Gwenzi. The three were arrested on 31 July 2024, alongside Vusumuzi Moyo, an artist and sound ...Published: 04 Sep 2024 at 15:07hrs | 103 | by Staff reporter
Zimbabwe urbanites to receive cash transfers by end of next week
The Zimbabwean government is set to begin cash payments for food aid to 1.7 million vulnerable urban residents starting next week, according to Public Service, Labour and Social Welfare Permanent Secr...Published: 04 Sep 2024 at 07:48hrs | 183 | by Staff reporter
Zimbabwe Central Bank issues revised forex market guidelines
The Reserve Bank of Zimbabwe (RBZ), through its Exchange Control department, has issued updated guidelines and compliance parameters for the interbank foreign exchange market, emphasizing the limitati...Published: 04 Sep 2024 at 07:46hrs | 125 | by Staff reporter
Diesel fit and turner kills cyclist
A Diesel fit and turner from Barloword Zimbabwe Company fatally ran over a cyclist in Mvurwi yesterday.Casico Masuku (22) allegedly ran over Edson Foya (48) at the 7-kilometer peg along Mvurwi...Published: 03 Sep 2024 at 21:10hrs | 649 | by Simbarashe Sithole
RBZ makes U-turn
The Reserve Bank of Zimbabwe (RBZ) has announced that holders of non-negotiable certificates of deposit (NNCDs) will now receive tradable government bonds. This decision comes in response to pressure ...Published: 03 Sep 2024 at 15:45hrs | 25981 | 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 | 430 | by Staff reporter
Zesa introduces prepaid meters for industries
The Zimbabwe Electricity Transmission and Distribution Company (ZETDC) is introducing prepaid meters for medium and large-scale customers, including those in the manufacturing sector, to address its s...Published: 02 Sep 2024 at 11:26hrs | 374 | by Staff reporter
Zimbabwe central bank says it's intervening in foreign exchange market
Zimbabwe's central bank said it's "strategically intervening" in the foreign-exchange market to meet demand for dollars among lenders amid a slump in the nation's bullion-backed currency.The i...Published: 31 Aug 2024 at 11:14hrs | 622 | by Staff reporter
RBZ exempts transactions less than US$10 from bank charges
Starting from 1 September 2024, the Reserve Bank of Zimbabwe (RBZ) will exempt electronic transactions under US$10 (or the ZiG equivalent) from bank charges. This move aims to encourage the use of ele...Published: 31 Aug 2024 at 11:13hrs | 126 | 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 | 1771 | by Staff reporter
Time for Progressive People to Unite
The struggle is real, and there has been a lot of political polarisation and disintegration of the opposition in the country.There is now a need for a collective effort to unshackle the bondag...Published: 29 Aug 2024 at 16:17hrs | 468 | by Leonard Koni
Woman exploits OneMoney technical glitch, steals ZiG130k
Clara Ncube, a 32-year-old woman from Bulawayo, was brought before the Bulawayo magistrates' court for stealing over ZWG136,000 by exploiting a technical glitch in NetOne's OneMoney system. The incide...Published: 28 Aug 2024 at 15:25hrs | 512 | by Staff reporter
Zesa explains power shortages
Zimbabwe Electricity Supply Authority (Zesa) Executive Chairman Sydney Gata has reported a significant power shortfall of 540 megawatts (MW) due to increased demand during the winter season. A...Published: 27 Aug 2024 at 12:54hrs | 831 | by Staff reporter
Zimbabwe's monthly inflation rises by 0,4%
In August 2024, Zimbabwe experienced a monthly inflation rate of 0.4%, up from - 0.1% in July. This increase was attributed to fluctuations in the parallel market exchange rate, which affected local c...Published: 27 Aug 2024 at 08:13hrs | 230 | by Staff reporter
After ditching the dollar, Zimbabwe now rushing for it at a steeper cost
NEARLY five months after changing its currency to arrest inflation, Zimbabwe is back in familiar territory as the new local unit has started losing ground.The problem seems to be based on how ...Published: 26 Aug 2024 at 08:11hrs | 3908 | by Staff reporter
'Go no further,'.. Muzorewa tells Chamisa
The opposition United African National Council (UANC) party leader, Gwinyai Muzorewa has this Friday urged former Citizens for Coalition Change leader, Nelson Chamisa to swallow his pride and accept t...Published: 24 Aug 2024 at 17:21hrs | 2783 | by Gideon Madzikatidze
Mnangagwa must fire Mthuli, Mushayavanhu & Guvamatanga, says Zanu-PF activist
South African-based Zanu-PF supporter Kudzai Mutisi has urged President Emmerson Mnangagwa to remove Minister of Finance, Economic Development and Investment Promotion Mthuli Ncube, the Ministry's per...Published: 22 Aug 2024 at 14:59hrs | 3777 | by Staff reporter
Zimbabweans use gold-backed ZiG to pay for 40% of transactions
Zimbabweans are using the nation's gold-backed currency for 40% of payments compared with 20% when it first started in April, Finance Permanent Secretary George Guvamatanga said.The ZiG - an a...Published: 22 Aug 2024 at 07:26hrs | 519 | 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 | 157 | by Staff reporter
Zimbabwe National Assembly resumes sitting
The National Assembly of Zimbabwe resumes today after a three-week break, during which the country hosted the 44th SADC Summit at the new Parliament Building in Mount Hampden. The Senate will ...Published: 20 Aug 2024 at 10:28hrs | 46 | by Staff reporter
Zimra mulls severe penalty on tax debts
The Zimbabwe Revenue Authority (Zimra) is considering imposing severe tax penalties to compel public and private entities to settle substantial outstanding tax debts. These debts primarily stem from c...Published: 14 Aug 2024 at 08:31hrs | 160 | by Staff reporter
Boost for ZiG as gold deliveries soar
Zimbabwe saw a significant increase in gold deliveries in July, driven mainly by contributions from artisanal and small-scale miners. Deliveries surged by 33% to 3,495 kg from 2,618 kg in June...Published: 11 Aug 2024 at 18:33hrs | 340 | by Staff reporter
TTI remits over US$1,5 million to BCC in five months
BULAWAYO City's traffic management company, Tendy Three Investments (TTI) has remitted over US$1,5 million to the local authority in parking, towing, clamping, storage and special packages fees from J...Published: 09 Aug 2024 at 07:47hrs | 247 | by Staff reporter
2 more forex dealers jailed
TWO more illegal foreign currency dealers arrested by police, while changing money have been sentenced to effective terms of three months in jail.Kudakwashe Welcome Maketo (24) and Ishmael Mun...Published: 09 Aug 2024 at 07:30hrs | 232 | by Staff reporter
Petrol and Diesel pump prices increase marginally
THE pump price of Petrol (E20) has increased by 1 cent to US$ 1,60/litre, while that of Diesel 50 has also increased by 1 cent to US$1,63/litreWith effect from 7 August, the Zimbabwe Energy Re...Published: 07 Aug 2024 at 14:25hrs | 362 | by Staff reporter
ZiG manipulators face stiff sentences
Cabinet considered the report on basic commodities prices and availability and issues constraining local industry as presented by the Honourable Vice President Gen (Rtd) Dr CGDN Chiwenga. On m...Published: 07 Aug 2024 at 11:24hrs | 361 | by Staff reporter
Revenue shortfall hits Bulawayo City Council
The Bulawayo City Council has reported a troubling 58 percent debt collection efficiency for the second quarter of the year. The municipality billed approximately ZiG145.3 million but only collected Z...Published: 04 Aug 2024 at 14:06hrs | 95 | by Staff reporter
Zimbabwe prepares for Sadc payments platform
Zimbabwe is preparing to join a regional payments system developed by the Southern African Development Community (Sadc) to facilitate cross-border transactions. This move comes as part of Sadc's broad...Published: 03 Aug 2024 at 13:05hrs | 388 | by Staff reporter
ZiG uncertainties to frustrate GDP forecasts
Zimbabwe's economic growth prospects are facing serious challenges due to liquidity shortages and a severe drought, according to leading advisory firms and economists. In a recent mid-term bud...Published: 03 Aug 2024 at 12:57hrs | 191 | by Staff reporter
Zimbabwe nurses hint at fresh strikes
Zimbabwe's public sector nurses are threatening strike action if their demand for increased salaries is not met. The Zimbabwe Nurses Association (Zina) is pushing for a minimum salary of US$840 per mo...Published: 03 Aug 2024 at 12:55hrs | 181 | by Staff reporter
Zimra faces significant debt
The Zimbabwe Revenue Authority (Zimra) faces a significant debt of US$421.4 million and ZiG854.72 million from both private companies and public institutions by the end of the first half of 2024. The ...Published: 02 Aug 2024 at 07:04hrs | 218 | by Staff reporter
Zimbabwe Central Bank says usage of ZiG has doubled
The use of Zimbabwe's bullion-backed currency has doubled since it was launched in early April, central bank Governor John Mushayavanhu told the country's Sunday Mail newspaper.The ZiG is now ...Published: 31 Jul 2024 at 07:07hrs | 915 | by Staff reporter
Zimra adds 66 000 to tax register
The Zimbabwe Revenue Authority (Zimra) has added 65,547 new taxpayers to its register, thanks to its new Tax and Revenue Management System (TaRMS). In Zimra's 2024 half-year report, board cha...Published: 31 Jul 2024 at 07:00hrs | 1101 | by Staff reporter
Zimbabwe shops continue to reject ZiG
The surge in black-market exchange rates, which peaked at US$1:25 ZiG, has led some businesses in Bulawayo to reject transactions in Zimbabwe Gold (ZiG), defying government directives. This defiance u...Published: 30 Jul 2024 at 07:39hrs | 1842 | by Staff reporter
Pepper spray: New weapon of choice for robbers
And everyone became blind. In just a blink of an eye, the world went blank. It was as if everything had become a distant memory, lost in the midst of the chaos.A wave of intense discomfort was...Published: 29 Jul 2024 at 04:10hrs | 412 | by Staff reporter
Mthuli Ncube backs down on taxes
The Zimbabwean government has removed value-added tax (VAT) from selected meat products, reduced presumptive taxes for informal traders, and mandated that all government service fees be paid in local ...Published: 26 Jul 2024 at 06:39hrs | 1591 | by Staff reporter
Fresh blitz against illegal forex dealers in Zimbabwe
The police and the Reserve Bank of Zimbabwe's Financial Intelligence Unit (FIU) have initiated a crackdown on illegal currency traders. This week, numerous money changers were arrested, with many stil...Published: 26 Jul 2024 at 06:33hrs | 487 | by Staff reporter
Mthuli Ncube makes bold measures to anchor ZiG stability
The Government has introduced measures to enhance the stability of the Zimbabwe Gold (ZiG) currency, promote its use, and provide tax relief to boost consumer spending and production. In the Mid-Term ...Published: 26 Jul 2024 at 06:32hrs | 364 | by Staff reporter
Mnangagwa congratulates victorious Kagame
President Mnangagwa has congratulated Rwandan President Paul Kagame on his landslide re-election for a fourth term, securing over 99 percent of the vote. During the 377th Zanu-PF Politburo meeting in ...Published: 25 Jul 2024 at 07:35hrs | 262 | by Staff reporter
Major facelift for Chirundu border post
The Chirundu one-stop border post is set for a significant upgrade and modernization through a public-private partnership between the Government of Zimbabwe and the Chirundu Border Consortium, valued ...Published: 24 Jul 2024 at 09:00hrs | 171 | 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
ZiG tames inflation in Zimbabwe
Reserve Bank of Zimbabwe Governor Dr. John Mushayavanhu informed a Parliamentary committee that the new ZiG currency, introduced in April's Monetary Policy Statement, has stabilized the exchange rate ...Published: 23 Jul 2024 at 07:14hrs | 963 | by Staff reporter
Zimbabwe banks on notice over excessive fees
Banks need to reduce excessive charges to improve financial inclusion, according to Finance, Economic Development, and Investment Promotion Deputy Minister David Mnangagwa. Speaking at the 202...Published: 22 Jul 2024 at 07:48hrs | 662 | by Staff reporter
Zimbabwe's currency will remain fully backed by gold reserves
Zimbabwe's government will stick to what it promised when it launched a new currency in April by ensuring it remains fully backed by reserves, the central bank governor told Reuters on Wednesday, addi...Published: 18 Jul 2024 at 09:20hrs | 748 | by Staff reporter
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