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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 | 667 | by Staff reporter
Linda Masarira's appeal challenging ZEC's rejection of nomination papers thrown out
Labour Economists and African Democrats (LEAD) leader Linda Masarira's appeal challenging the Nomination Court's decision to reject her nomination papers has been dismissed by High Court judge Justice...Published: 27 Jul 2023 at 20:14hrs | 6 | by Staff reporter
Masarira sues Zec over rejected nomination
OPPOSITION Labour, Economists and African Democrats presidential candidate Linda Masarira has taken the Zimbabwe Electoral Commission (Zec) to court for rejecting her nomination papers on Wednesday af...Published: 26 Jun 2023 at 06:51hrs | | by Staff reporter
7 vie for Zimbabwe's top job
PRESIDENT Mnangagwa yesterday humbly submitted himself to the Constitution as he visited the Nomination Court that sat at the High Court in Harare to check on his papers that had already been filed an...Published: 22 Jun 2023 at 06:34hrs | | by Staff reporter
Nurse up for theft
A Rosa Rural District Hospital nurse was dragged to Nzvimbo circuit court yesterday facing theft charges.Maria Togara (30) appeared before Magistrate Joshua Nembaware and was remanded out of c...Published: 06 Apr 2023 at 08:23hrs | | by Simbarashe Sithole
RBZ strangles street money changers
They don't know what has suddenly hit them. It is no longer business as usual for most, if not all, illegal street money changers.They used to call the shots in the last few months, de...Published: 13 Aug 2022 at 07:23hrs | 1 | by Staff reporter
School, parents clash over US$ fees
PARENTS and guardians of pupils at Nyamuzuwe High School have threatened to stage a protest against school authorities who they accuse of demanding United States dollars exclusively for fees, in contr...Published: 08 Aug 2022 at 05:48hrs | | by Staff reporter
RBZ to launch collateral registry
THE Reserve Bank of Zimbabwe (RBZ) says the collateral registry, a record keeping system for the existence of security, would be launched by the third quarter of this year. The collateral regi...Published: 19 May 2022 at 06:31hrs | | by Staff reporter
Key expectations from upcoming monetary policy
The Reserve Bank of Zimbabwe (RBZ) is expected to present the first monetary policy statement of 2022 within the next 30 days amid rising inflationary pressures. The monetary policy comes after the de...Published: 19 Jan 2022 at 11:52hrs | 1 | by Victor Bhoroma
VAYA delays commission payments
VAYA Mobility, the taxi and shuttle service provider, is struggling to pay contractors their December commission due to cashflow problems. The company issued a statement on Sunday to contracto...Published: 18 Jan 2022 at 05:30hrs | | by Staff reporter
Zimdollar depreciates
The local currency depreciated by almost a percentage point on Tuesday in an auction which failed to make allotments on all qualified bids. The Zimbabwe dollar was quoted at 82.6756 after depreciating...Published: 27 Jan 2021 at 06:10hrs | | by Staff reporter
'Zimbabwe inflation fall no cause for celebration'
ZIMBABWE's year-on-year inflation rate ended the year 2020 at 348,5% down from a high of more than 800% in July but analysts say it is no cause for celebration as it remains way too high."The ...Published: 15 Jan 2021 at 07:49hrs | 1 | by Staff reporter
Zimdollar depreciates
Parallel market Zipit rates have held steady within the 110-115 range although it seems that volume sellers were scarce within the past couple of days. At the same time, the local currency slipped aga...Published: 22 Dec 2020 at 17:40hrs | 2 | by Staff reporter
Increased demand for US$ on black market
An increase in US$ demand on the parallel market has seen the rate shifting upwards although it remains range bound. Rates are being quoted from $105 to $120 with demand mostly coming from small trade...Published: 08 Dec 2020 at 18:27hrs | | by Staff reporter
Zimdollar weakens against USD
The local currency continued to fluctuate within the 81.00 band as it depreciated against the dollar. The ZWL lost 0.3929% to trade at 81.6740 against the dollar from 81.3531 attained late last week. ...Published: 03 Nov 2020 at 20:15hrs | 6 | by Staff reporter
Zimdollar flat as street traders push cash transactions
The local currency was flat on Tuesday after it depreciated by a marginal 0.004% at the latest auction to trade at 81.3531 against the US dollars while the street rate remains range bound at between 9...Published: 27 Oct 2020 at 17:45hrs | 1 | by Staff reporter
Zimdollar demand spikes
THE continued consolidation of the Zimbabwean dollar gains on the official market-driven foreign currency auction platform has created huge demand for the local currency on the back of growing confide...Published: 15 Oct 2020 at 06:37hrs | | by Staff reporter
Zimdollar stable against the real US dollar
The Reserve Bank of Zimbabwe says on average US$5-$6 million is trading formally outside the foreign currency auction system every week within prescribed margins while there has been an increased numb...Published: 13 Oct 2020 at 20:54hrs | | by Staff reporter
Zimdollar continues to trade within range of cash parallel rates
The local currency added a marginal 0.11715% after it firmed up against the dollar in the latest auction as it continues to reposition itself in the world of currencies based on supply and demand. The...Published: 06 Oct 2020 at 20:22hrs | 4 | by Staff reporter
Zimdollar near flat at $81.44 against the US dollar
The local currency appreciated a marginal 0.06% as it firmed against the dollar in the latest auction. The Zimdollar now trades at 81.4439 against the dollar from 81.4965 attained last week.Th...Published: 29 Sep 2020 at 18:48hrs | 4 | by Staff writer
Zimdollar gains against the US dollar
The Reserve Bank of Zimbabwe held its weekly foreign currency auction today, which saw the local currency maintain its appreciation trend against the US dollar after it gained 0.26% to 81.4965 from 81...Published: 22 Sep 2020 at 18:42hrs | | by Staff reporter
Zimbabwe inflation eases to 761%
ZIMBABWE'S year-on-year inflation rate for the month of August eased to 761,02% from 837,53% reported in July, the Zimbabwe National Statistics Agency (ZimStat) has said. "The year-on-year inf...Published: 16 Sep 2020 at 06:22hrs | 1 | by Staff reporter
Zimdollar continues to regain strength
The Reserve Bank of Zimbabwe allotted its highest foreign currency to date at the weekly foreign currency auction today as the local currency continues to regain strength. The Zimbabwe do...Published: 15 Sep 2020 at 17:40hrs | | by Staff reporter
Zimdollar depreciates 0.57% to 83.40 against the US dollar
The Zimbabwean dollar depreciated 0.576% to 83.3994 from last week's 82.9184 as the spread between bids narrowed further. While this is a step in the right direction in terms of price sta...Published: 25 Aug 2020 at 18:05hrs | | by Staff reporter
NetOne awarded Bureau De Change license
Telecommunications giant NetOne has been awarded a license by the Reserve bank of Zimbabwe to operate as a Bureau De Change.Bureau de change is the fastest growing sector in the African financ...Published: 04 Sep 2019 at 10:07hrs | | by Agencies
Mobile base stations to resume normal service as load-shedding eases
Network challenges will soon end following an improvement in electricity availability that will ensure uninterrupted power supply at base stations, a Cabinet minister has said. Information Com...Published: 22 Aug 2019 at 07:30hrs | | by Staff reporter
Forex black market becomes unpopular
BUREAUX de Change are becoming popular among Bulawayo residents as they are slowly eating into the parallel market's business. To date, the RBZ has licensed over 46 bureaux de change that are ...Published: 20 Aug 2019 at 08:40hrs | | by Staff Reporter
Zimbabwe banks paying more than the black market rates
THE interbank market exchange rates have registered increases with most banks are now paying more than the parallel market rate.NewZimbabwe.com says it's market assessment shows that the once ...Published: 02 Jul 2019 at 17:34hrs | | by newzimbabwe.com
NetOne steps in to solve Zimbabwe's financial crisis
State Owned Mobile Telecommunications giant NetOne has stepped in to offer a solution to the salary payments crisis resulting from a dispute between local banks and Mauritian company, Paynet.N...Published: 21 Jun 2019 at 13:16hrs | | by Simbarashe Sithole
Zimbabwe abandons the 1:1 rate
The Reserve Bank of Zimbabwe (RBZ) will introduce Foreign Currency Accounts (FCAs) that will be utilising the real time gross settlement system (RTGS) by the end of this month. This comes as t...Published: 20 Feb 2019 at 22:37hrs | | by Staff reporter
Bank cashier in court over $1m fraud, money-laundering
A FIRST Bank cashier stationed in Harare yesterday appeared in court facing fraud and money-laundering charges involving $1 million.Bangiso Shield Tafirei (30) appeared before Harare magistrat...Published: 13 Feb 2019 at 08:46hrs | | by Staff reporter
Woman jailed 8 years for $400 000 fraud
A WOMAN from Bulawayo who was employed as an agent by ZB Bank has been sentenced to eight years in jail for swindling the banking institution of more than $400 000 through fraudulent electronic transa...Published: 09 Feb 2019 at 07:10hrs | | by Staff reporter
What the Nation and world should know
When MDC-T Morgan Tsvangirai was ailing and walking and breathing his last, he made it clear that he wouldn't die as someone who failed the party on its succession debate. The fake news paddled by his...Published: 07 Dec 2018 at 15:04hrs | | by Sidney Chisi
Lumumba apologises...reveals Queen Bee
Whistleblower Acie Lumumba tonight sprang a shocker and did not appear on the much publicised Live Broadcast but instead issued an apology to President Emmerson Mnnangagwa and Vice President Constanti...Published: 04 Nov 2018 at 20:22hrs | | by Mandla Ndlovu
Fierce crackdown on parallel market drops forex rate
A fierce government crackdown on illegal forex dealers, increased electronic surveillance of bank accounts, deployment of state security agents and arrests of individuals suspected to be at the centre...Published: 26 Oct 2018 at 08:13hrs | | by Staff reporter
Getbucks profit jumps 25% in H1
GetBucks, a deposit-taking microfinance institution listed on the Zimbabwe Exchange, has reported a 25% growth in profit after tax in the first six months of the year, buoyed by a reduction in operati...Published: 04 Oct 2018 at 05:52hrs | | by Staff reporter
Prices of basic goods shoot up
Prices of basic consumer goods have gone up sharply over the past few weeks, on the back of worsening foreign currency shortages in the country.At the same time, experts warn that the price in...Published: 01 Jul 2018 at 17:02hrs | | by Staff reporter
US dollar black market rate soars
A crazed pre-election demand for the United States dollar has pushed the black market premium to an all-time high as shortages of foreign exchange fuels a roaring currency black market now driving up ...Published: 28 Jun 2018 at 16:11hrs | | by Staff reporter
Soldier 'steal' $237 000 from his account
A soldier reportedly stole $237 000 that had been mistakenly transferred into his bank account during a system failure at Cabs Bank Limited last year, a court heard.Arnold Lethlale Pullen, 27,...Published: 05 Jun 2018 at 15:33hrs | | by Staff reporter
OneMoney subscribers get free school fees
Lucky subscribers of NetOne's mobile money service, OneMoney, have been paid back the money they used to pay school fees through the service, as part of a promotion being run by the mobile network ope...Published: 14 May 2018 at 14:35hrs | 1 | by Staff reporter
'RBZ must regulate not ban cryptocurrencies'
Zimbabwe Information and Communication Technology Division (ZICT) and other IT experts have called on the Reserve Bank of Zimbabwe to regulate cryptocurrencies rather than banning them outright....Published: 14 May 2018 at 14:22hrs | | by Staff reporter
Going Digital- Removing the hassle out of school fees payments in Zimbabwe
Cash is a crisis in Zimbabwe. Depending on where you stand on the digital financial inclusion discussion, this could be a great opportunity or a great inconvenience. One thing that canno...Published: 07 Mar 2018 at 07:18hrs | | by Agencies
Chiyangwa's son in court for fraud
THE son of the late businessman James Chiyangwa aka Jimmy Jimalo landed in the dock after he defrauded a number of people of over $15 000 in botched bank transfer deals through cloning bank cards....Published: 05 Dec 2017 at 11:05hrs | | by Staff reporter
OneMoney launches in Bulawayo
Government says Zimbabweans should embrace mobile money as part of the global trend towards cashless transacting.ICT, Postal and Courier Services Minister Supa Mandiwanzira said this yesterday...Published: 12 Nov 2017 at 07:36hrs | | by Staff reporter
NetOne's OneMoney takes market by storm
MOBILE telecommunications giant, NetOne is set to officially unveil its mobile money platform dubbed OneMoney along with its Zimswitch connected debit card this month.OneMoney, which is a corr...Published: 15 Oct 2017 at 12:27hrs | | by Staff reporter
Cop in trouble over bribe
The officer-in-charge for boards at Police General Headquarters is now jointly charged with a female subordinate who allegedly gave him a $125 bribe to facilitate her transfer to the force's traffic d...Published: 10 Oct 2017 at 01:45hrs | | by Staff reporter
ZimSwitch allays ZIPIT fears
INTERBANK transaction processor, ZimSwitch, has allayed fears the Zimswitch Instant Payment Interchange Technology (ZIPIT) had been suspended or scrapped after the application went offline for the bet...Published: 25 Sep 2017 at 23:26hrs | | by Staff reporter
Officer-in-Charge demands bribe from junior
The officer-in-charge for boards at Police General Headquarters allegedly demanded $125 bribe from a female subordinate to facilitate her transfer to the Police Traffic Department.Inspector Ta...Published: 08 Aug 2017 at 08:21hrs | | by Staff reporter
IMF raises red flag over Zimbabwe cash crisis
The International Monetary Fund (IMF) has blamed Zimbabwe's unrelenting cash shortages on government's runaway spending and a comatose economy.IMF's outgoing mission chief for Zimbabwe Anna Lu...Published: 16 Jul 2017 at 14:32hrs | | by Staff reporter
Ramifications of the worsening liquidity crisis worrying - PDP
The People's Democratic Party is disturbed by the developments in the Zimbabwean economy; the reports in the main newspapers this week demonstrate part of our concern.The Financial Gazette car...Published: 12 May 2017 at 11:58hrs | | by Jacob Mafume PDP Spokesperson
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