Search / Zwl
Zacc officer nails Gono stolen property couple
A Zimbabwe Anti-Corruption Commission (ZACC) investigating officer has told a Harare magistrate how a couple allegedly forged company registration documents to illegally take control of a lodge owned ...Published: 13 Jul 2025 at 11:22hrs | 99 | by Staff reporter
ZERA Announces New Fuel Prices Effective 9 July 2025
The Zimbabwe Energy Regulatory Authority (ZERA) has released the new petroleum prices for July 2025, which came into effect on Wednesday, 9 July. The updated prices apply until 4 August 2025 and refle...Published: 10 Jul 2025 at 13:57hrs | 901 | 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
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
UZ in climbdown, revokes union leaders' suspension
In an unexpected move, the University of Zimbabwe (UZ) has revoked the suspension of leaders from the Association of University Teachers (AUT) in a last-ditch effort to bring an end to the ongoing ind...Published: 28 Apr 2025 at 12:45hrs | 1848 | by Staff reporter
Police crush UZ lecturers' demonstration
Police once again displayed heavy-handed tactics on Wednesday morning, arresting leaders of a demonstration by University of Zimbabwe (UZ) lecturers who were demanding a salary review. The arrested le...Published: 16 Apr 2025 at 23:27hrs | 524 | by Staff reporter
Bulawayo council officer vanishes after church booking fraud exposed
A Bulawayo City Council clerical officer has reportedly gone absent without official leave (AWOL) after being implicated in a church booking scam that cost the council over US$2,000 in losses....Published: 16 Apr 2025 at 22:55hrs | 918 | by Staff reporter
ZRP duped in US$850,000 sleeping bags deal
A Harare-based company, Printmill Private Limited, is at the center of a fraud investigation after allegedly duping the Zimbabwe Republic Police (ZRP) of US$850,000 in a botched deal for the supply of...Published: 09 Mar 2025 at 13:17hrs | 239 | by Staff reporter
National Sports Stadium Revamp Gains Momentum with Bucket Seats Installation
The installation of bucket seats at the National Sports Stadium (NSS) is well underway, signaling a critical step towards rehabilitating Zimbabwe's largest sporting venue. Once characterized by grey c...Published: 22 Dec 2024 at 10:30hrs | 293 | by Staff reporter
Stanbic named best ovderall bank 2024
Harare, 17 December 2024 - Stanbic Bank Zimbabwe has been named the overall best performing bank at the Banks and Banking Survey Awards 2024 sponsored by First Capital Bank. Stanbic Bank has n...Published: 17 Dec 2024 at 09:15hrs | 472 | by Agencies
Zimbabwe lags behind South Africa in literacy rates?
Zimbabwe has secured the 4th spot in the ranking of African countries with the highest education levels in 2024, according to a report by Data Panda. The ranking is based on literacy rates and years o...Published: 05 Dec 2024 at 09:18hrs | 2701 | by Staff reporter
Ecocash loses ZWG 148,7 million in conversion to new currency
Ecocash Holdings Zimbabwe Limited, a leading diversified digital solutions group, has reported a loss of ZWG 148.7 million following the transition to the newly introduced ZWG currency, which was intr...Published: 21 Nov 2024 at 06:35hrs | 1938 | by Staff reporter
High interest rates choking Zimbabwe currency borrowing
Listed clothing retailer, Edgars Stores Limited, has reported a resilient performance for the half-year period ending July 7, 2024, despite the ongoing economic setbacks and high interest rates that c...Published: 10 Nov 2024 at 11:02hrs | 184 | by Staff reporter
CCC participated in 2023 to give Zanu PF legitimacy and perpetuate our suffering for US$1.6m bonanza. Will sellout again 2028!
"Tshabangu smiles all the way to the bank." screamed the Bulawayo 24 headline accompanied by a picture of Senator Sengezo Tshabangu smiling from ear to ear!"Citizens Coalition for Change (CCC)...Published: 08 Sep 2024 at 19:45hrs | 714 | by Wilbert Mukori
Tshabangu smiles all the way to the bank
Citizens Coalition for Change (CCC) interim leader Sengezo Tshabangu stands to benefit financially after the government disbursed over ZWL 22 million to the opposition party as part of the political p...Published: 07 Sep 2024 at 10:09hrs | 252 | by Staff reporter
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 | 3811 | by Staff reporter
Government's ZWL$1 billion debt cripples Zimpapers operations
The country's largest multimedia group, Zimpapers Limited is owed in excess of ZWL$1 billion by government departments and ministries, parliament has been told, a situation that has crippled its opera...Published: 09 Jul 2024 at 06:21hrs | 16 | by Staff reporter
Reserves backing Zimbabwe's ZiG shoot to US$370 million
Prices of goods and services in Zimbabwe are expected to remain stable, thanks to increased cash and mineral reserves backing the new currency, Zimbabwe Gold (ZiG). These reserves have risen from US$2...Published: 07 Jul 2024 at 10:34hrs | 90 | by Staff reporter
Chimombe, Mpofu locked up over botched Presidential Goat Scheme
Mike Chimombe and Moses Mpofu, controversial businessmen, have been remanded to prison pending their bail determination after appearing before Harare magistrate Marewanazvo Gofa. The court upheld the ...Published: 27 Jun 2024 at 06:59hrs | 24 | by Staff reporter
Does Mnangagwa intend stabilizing the economy by creating a phantom currency?
Does Mnangagwa intend stabilizing the economy by creating a phantom currency?Ever since the Zimbabwe government announced a new currency on 5th April 2024, they have never ceased bragging over...Published: 26 Jun 2024 at 20:56hrs | 5 | by Tendai Ruben Mbofana
RBZ changes local currency international code
The Reserve Bank of Zimbabwe (RBZ) has announced that the country’s international currency code is now ZWG. This is after the introduction of the new currency Zimbabwe Gold or ZiG in Apri...Published: 26 Jun 2024 at 20:06hrs | 6 | by Erick Matotoba
Zimbabwe currency code changes to ZWG
The World Bank International Organisation for Standardisation (ISO) Committee has approved the change of Zimbabwe's local currency code from ZWL to ZWG (Zimbabwe Gold).The ISO 4217 standard, w...Published: 26 Jun 2024 at 13:00hrs | 25 | by Staff reporter
Competition for Zimbabwe's internet, data providers tightens
The Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) reported a significant influx of licence applications during the first quarter of the year under the converged licensing reg...Published: 16 Jun 2024 at 09:21hrs | 8 | by Staff reporter
Microfinance sector dumps local currency
In the first quarter of 2024, the United States dollar loan portfolio in Zimbabwe's microfinance sector surged by nearly 8% to reach US$48.63 million, up from US$45.1 million in the previous quarter. ...Published: 12 Jun 2024 at 06:43hrs | 13 | by Staff reporter
Zinara loses US$74.5k for undelivered vehicles
In 2017, the Zimbabwe National Road Authority (ZINARA) lost US$74,500 to Duly's Motors, who did not deliver vehicles paid for. Additionally, a transformer worth $3,720 was not delivered by ano...Published: 04 Jun 2024 at 13:50hrs | 14 | by Staff reporter
CCC member fined for sending offensive texts to rival
Bulawayo magistrate Challenge Mahembe has convicted and fined Citizens Coalition for Change (CCC) member Soneni Moyo US$100 for sending offensive messages to a political rival.She was charged ...Published: 25 May 2024 at 12:39hrs | 6 | by Staff reporter
Zinara shells ZiG93,9 million to road authorities
The Zimbabwe National Road Administration (Zinara) has disbursed ZiG 93.9 million to road authorities for critical road infrastructure maintenance and development projects across the country.A...Published: 20 May 2024 at 07:45hrs | 18 | by Staff reporter
ZiG needs to be backed by RBZ discipline
According to the Reserve Bank of Zimbabwe (RBZ), a structured currency is a currency that is pegged to a specific exchange rate or currency basket and backed by a bundle of foreign exchange assets lik...Published: 16 Apr 2024 at 18:04hrs | 2 | by Zimbabwe Coalition on Debt and Development
Retailers, service providers switch to ZiG prices
SEVERAL businesses and key service providers had by yesterday successfully converted prices of their goods and services to the new Zimbabwe Gold (ZiG) currency to ensure smooth consumer transactions....Published: 10 Apr 2024 at 06:02hrs | 1 | by Staff reporter
Foreign currency dealers ditch trading spots
MOST illegal money changers popularly known as "Osiphatheleni" have abandoned their traditional trading spots in Bulawayo following the launch by the Government of the new gold-backed currency, the Zi...Published: 09 Apr 2024 at 06:20hrs | 4 | by Staff reporter
Zapu slams Zimbabwe's new currency ZiG
The 'mother' party ZAPU says as long as the country lacks legitimacy derived from free and fair elections, people will have no faith in a currency produced in Zimbabwe.On April 5, 2024, the ne...Published: 07 Apr 2024 at 21:08hrs | 2 | by Staff reporter
Half ZiG and coins to start circulating on April 30
The Reserve Bank of Zimbabwe (RBZ) in the 2024 Monetary Policy Statement introduced a new "structured currency" termed ZiG (Zimbabwe Gold) on April 5. A "structured currency" is a currency tha...Published: 07 Apr 2024 at 21:08hrs | 12 | by Staff reporter
Econet platforms switch to new currency
ECONET Wireless Zimbabwe yesterday suspended trading in Zimbabwe dollars to facilitate the changeover to the new ZiG currency on its various product platforms.The ZiG was unveiled on Friday wh...Published: 07 Apr 2024 at 10:14hrs | | by Staff reporter
Econet announces preps for changeover from Zimdollar to ZiG
Econet Wireless Zimbabwe has announced that it has suspended trading in the ZWL currency as it works to configure the changeover from ZWL to the new ZiG currency on its various product platforms. ...Published: 07 Apr 2024 at 10:08hrs | 2 | by Staff reporter
Service providers stop trading in Zimdollars
A MAJORITY of service providers and shops in the country were yesterday rejecting payments in local currency arguing that they were migrating to the new Zimbabwe Gold (ZiG) currency in a development t...Published: 07 Apr 2024 at 10:07hrs | 1 | by Staff reporter
Anti-Zimbabwe economist says ZiG is old wine in new bottles
Prominent Zimbabwean economist and financial analyst Professor Gift Mugano says the new local currency launched today - unimaginatively named Zimbabwe Gold (ZiG) amid noisy claims by government offici...Published: 06 Apr 2024 at 13:20hrs | | by Staff reporter
EcoCash suspends ZWL transaction
EcoCash, Zimbabwe's dominant mobile money group, has suspended ZWL transactions on its platform.EcoCash advised its clients through a customer note posted on social media.Said EcoCash, "Du...Published: 06 Apr 2024 at 08:31hrs | 2 | by Staff reporter
Here is how to convert your Zimdollar balances to Zimbabwe Gold (ZiG)
To convert your ZWL balances to ZiG, the formula is dividing the interbank forex rate conversion into ZWL by the foreign currency exchange rate into ZiG given on any day within the 21 days period....Published: 05 Apr 2024 at 21:49hrs | 2 | by Staff reporter
Zimbabwe Abandons Weakened Dollar for Gold-Linked Currency
Reserve Bank of Zimbabwe (RBZ) Governor Dr. John Mushayavanhu unveiled the 2024 Monetary Policy Statement (MPS) this afternoon, outlining a comprehensive plan to stabilize the nation's currency. The p...Published: 05 Apr 2024 at 13:28hrs | 121 | by Staff Reporter
Community share ownership trust CEO faces arrest
TRADITIONAL leaders, villagers and other stakeholders have called for the arrest Chiadzwa Community Share Ownership Trust (CCSOT) Chief executive officer Hardwork Mukwada over charges of abuse of fund...Published: 04 Apr 2024 at 13:42hrs | 21 | by Staff reporter
Why Mnangagwa cut short Mangudya's Zimbabwe Reserve Bank stay
PRESIDENT Emmerson Mnangagwa was yesterday forced to retire Reserve Bank of Zimbabwe (RBZ) governor John Mangudya a month earlier to give his successor room to come up with fresh measures to stabilise...Published: 29 Mar 2024 at 04:52hrs | 19 | by Staff reporter
Mnangagwa cuts short Mangudya's term at RBZ
President Emmerson Mnangagwa on Thursday brought forward by a month the appointment of John Mushayavanhu as the new Reserve Bank of Zimbabwe governor, hoping to stem the collapse of the local currency...Published: 28 Mar 2024 at 16:10hrs | 12 | by Staff reporter
Mliswa Chanetsa arrested for possession of dangerous drugs
On 22 February 2024 at around 1200 hours, detectives from CID Drugs Harare received information that the accused persons had drugs at number 35 Colchester, Avonlea Harare. Pursuant to the supp...Published: 27 Feb 2024 at 08:26hrs | 4 | by Staff reporter
Mnangagwa's govt hikes Z$ vehicle licence fees
THE Zimbabwe National Road Administration (Zinara) has announced an upward review of Zimbabwe dollar vehicle licensing fees effective from today.This comes amid the rising cost of goods and se...Published: 27 Feb 2024 at 03:06hrs | 8 | by Staff reporter
Bulawayo Poly loses US$ fees war
THE High Court has ordered Bulawayo Polytechnic College to stop charging tuition fees and other levies exclusively in United States dollars.This follows a court challenge filed last month by o...Published: 21 Feb 2024 at 07:18hrs | 5 | by Staff reporter
Zimsec opens registration for June and November 2024 examinations
THE Zimbabwe School Examinations Council (ZIMSEC) has announced the opening of registrations for the ZIMSEC June and November 2024 Examinations.The registration fees are now pegged in USD but ...Published: 19 Feb 2024 at 16:03hrs | 71 | by Staff reporter
IMF wants Zimbabwe central bank to dump monetary policies
THE International Monetary Fund (IMF) has advised government to cut the Reserve Bank of Zimbabwe's (RBZ) role in crafting monetary policies to just its core functions, after the local currency depreci...Published: 15 Feb 2024 at 10:07hrs | 3 | by Staff reporter
Zimbabwe economy edges towards full dollarisation
THE economy is edging closer to full dollarisation amid reports that the informal sector is rejecting the dual pricing regime, exclusively selling in the United States dollar.Latest figures re...Published: 09 Feb 2024 at 06:58hrs | 3 | by Staff reporter
ZESA Holdings sued US$36,000 for breaching contract
ZESA Holdings is facing legal action from a security company, Manifest Security (Private) Limited, which is seeking US$36,660 in damages for an alleged breach of a services contract. The plaintiff's c...Published: 23 Jan 2024 at 05:04hrs | 2 | by Staff reporter
Zimra tightens screws on businesses
GOVERNMENT and the business sector are headed for a showdown after the Zimbabwe Revenue Authority (Zimra) yesterday announced a raft of tough measures limiting the formal traders' access to commoditie...Published: 04 Jan 2024 at 05:59hrs | 13 | by Staff reporter
Load More Stories
