Search / Zimbabwean dollars
Govt swindled out of thousands for Gokwe Uhuru gig?
The government is reportedly losing thousands of dollars due to inflated accommodation bills and fraudulent tender awards involving unregistered suppliers colluding with some officials, according to s...Published: 26 Jul 2025 at 11:20hrs | 119 | 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
If civil servants must declare assets, then let's start with the president and his ministers
As the old saying goes, what's good for the goose must be good for the gander - yet in Zimbabwe, accountability seems reserved only for the powerless.The government's recent announcement of a ...Published: 20 Jun 2025 at 22:36hrs | 581 | by Tendai Ruben Mbofana
'ZWG inflation won't affect consumer purchasing power'
The Reserve Bank of Zimbabwe (RBZ) has downplayed alarm over the country's surging annual ZWG inflation, urging economic players to disregard year-on-year figures and instead focus on more reflective ...Published: 05 Jun 2025 at 10:07hrs | 77 | by Staff reporter
Zimbabwe turns to sugar, fast foods, and booze for revenue
Zimbabwe's Treasury is relying heavily on taxes imposed on sugar, fast food, and alcoholic beverages to recoup hundreds of millions of dollars lost following sharp cuts in official development assista...Published: 28 May 2025 at 11:02hrs | 421 | by `
Government investigating defiant school heads
The Ministry of Primary and Secondary Education has launched a crackdown on school heads who defied a government directive barring the expulsion of learners over unpaid fees, insisting that schools mu...Published: 17 May 2025 at 12:16hrs | 100 | by Staff reporter
Supplier fails to deliver 50 cars to Zimra
THE Zimbabwe Revenue Authority (Zimra) reportedly paid a staggering US$209 million for 85 vehicles but only received 15 Toyota Hilux vehicles, with none of the 50 Toyota Corolla vehicles delivered, Pa...Published: 01 Apr 2025 at 08:43hrs | 962 | by Staff reporter
Zimsec announces fixed exchange rate for examination fees
The Zimbabwe School Examinations Council (ZIMSEC) has set a fixed exchange rate of ZiG 26.65 to US$1 for examination fees paid in local currency between March 10 and March 14, 2025. This rate will app...Published: 12 Mar 2025 at 11:39hrs | 1604 | by Staff reporter
Concerns over RBZ's reduction of forex retention for horticulture exporters
The Horticultural Development Council (HDC) has expressed concerns about the Reserve Bank of Zimbabwe's (RBZ) recent decision to lower the foreign currency retention threshold for exporters from 75% t...Published: 10 Feb 2025 at 09:41hrs | 232 | by Staff reporter
Why Zimbabweans keep watching their money go up in smoke
It was 10 p.m. when a frantic pounding on Modester Nyangoni's door dragged her out of a deep sleep.That hot October day, she had been on her feet manning her stall at the largest market in Zim...Published: 25 Dec 2024 at 08:24hrs | 3083 | by Staff reporter
Victoria Falls auctioneer convicted of fraud over Zimra vehicles
A Victoria Falls auctioneer, his company, and their accountant have been convicted of fraud after illegally selling vehicles belonging to the Zimbabwe Revenue Authority (Zimra). Jeffrey Mubaiwa, the d...Published: 14 Dec 2024 at 10:31hrs | 201 | by Staff reporter
NetOne rewards customers with 'Trolley Dash' Holiday Campaign
In a festive move to celebrate the holiday season, OneMoney, a NetOne product, has again unveiled its yearly exciting promotion called "Trolley Dash" that aims to reward customers for their digital tr...Published: 14 Dec 2024 at 10:14hrs | 721 | by Simbarashe Sithole
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 | 499 | 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 | 257 | by Staff reporter
Zimbabwe businessman loses appeal
Marondera businessman Francesco Marconati has failed in his bid to overturn a two-year jail sentence for fraud, following a ruling by the High Court that upheld his conviction and punishment. However,...Published: 22 Nov 2024 at 06:55hrs | 191 | by Sgtaff reporter
ZERA increases fuel prices in Zimbabwe
The Zimbabwe Energy Regulatory Authority (ZERA) has announced a fuel price adjustment for diesel and petrol blend, impacting prices in both Zimbabwean dollars and US dollars. The new rates, effective ...Published: 06 Nov 2024 at 16:24hrs | 9000 | by Staff reporter
The real story behind Britain's withdrawal from Zimbabwe's land reform: Exposing corruption and mismanagement
AS SOUTHERN Africa approaches another 'SADC Anti-Sanctions Day,' the Zimbabwean government is once again amplifying the narrative that economic sanctions, particularly from Western countries like the ...Published: 23 Oct 2024 at 20:37hrs | 877 | by Tendai Ruben Mbofana
Swipe machines now mandatory in Zimbabwe
The Consumer Protection Commission has launched an enforcement blitz against businesses refusing to accept Point-of-Sale (POS) machine transactions, making it mandatory for all businesses to comply wi...Published: 21 Oct 2024 at 07:41hrs | 3256 | by Staff reporter
Zimbabwe govt says 'no shortages of basic commodities'
The Government has dismissed claims of shortages of basic commodities in the formal market, attributing the perceived scarcities to economic agents redirecting supplies to the informal sector. In a po...Published: 15 Oct 2024 at 08:28hrs | 167 | by Staff reporter
Starlink rocks Zimbabwe market
The entry of SpaceX's Starlink into the Zimbabwean market is poised to shake up the telecommunications sector, potentially leading to significant changes in service delivery, cost structures, and over...Published: 11 Sep 2024 at 11:59hrs | 2993 | 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 | 126 | by Staff reporter
Mutare lawyer guilty of misconduct
The Law Society of Zimbabwe (LSZ) has found Mutare lawyer Cosmas Chibaya guilty of unprofessional conduct for orchestrating the double sale of land. ...Published: 24 Aug 2024 at 18:45hrs | 1007 | by Staff reporter
Zimbabwe's public service workers to pay pension in foreign currency
The Treasury has announced that all public service workers earning in foreign currency must now make their pension contributions in the same currency, starting this year, as per the directive from the...Published: 03 Jun 2024 at 09:31hrs | 52 | by Staff reporter
Grace Mugabe's son in trouble with the law
Russel Goreraza, the son of Zimbabwe's former first lady, Grace Mugabe, has found himself in legal trouble for failing to make maintenance payments for his child.Goreraza, aged 40, is currentl...Published: 18 May 2024 at 11:13hrs | 17 | by Staff reporter
ZiG Currency: Catalyzing Zimbabwe's Middle-Income Pursuit - Empowering Economic Well-being
Zimbabwe has taken a crucial step in revitalizing the economy and instilling trust in the financial sector by introducing the groundbreaking Zimbabwean Gold-backed Dollar (ZiG) as the official replace...Published: 10 Apr 2024 at 22:17hrs | 3 | by Elvis Dzvene
Zimbabwe finds a way to turn paper into gold long live Gushungo!!!
Money, the market, free enterprise, free trade, law, and justice, among others - existed in other forms before the colonialists introduced paper currency. The natives had their own functional institut...Published: 09 Apr 2024 at 16:58hrs | 3 | by Sam Wezhira
Zimswitch, EcoCash roll out new currency
FOLLOWING the unveiling of the new currency last Friday, the country's sole national payments platform and clearing house, Zimswitch, yesterday announced that it had completed the rollout of the ZiG p...Published: 09 Apr 2024 at 06:18hrs | 2 | by Staff reporter
ZiG is putting lipstick on a pig, says Biti
The Reserve Bank of Zimbabwe (RBZ) on Friday introduced a new currency to be known as the ZiG, which stands for Zimbabwe Gold.RBZ governor John Mushayavanhu said the ZiG would be structured an...Published: 07 Apr 2024 at 10:31hrs | 29 | by Staff reporter
Biti appeals against assault conviction, sentencing
Opposition figure Tendai Biti has lodged an appeal with the High Court challenging his recent conviction and sentencing.Biti, a former Finance Minister, was found guilty by Harare magistrate V...Published: 08 Mar 2024 at 05:14hrs | 2 | by Staff reporter
Zimsec announces 2024 exam fees
The Zimbabwe School Examinations Council (ZIMSEC) has unveiled the examination fees for the 2024 Ordinary and Advanced Level exams. The government will subsidize 55 percent of the total cost for stude...Published: 12 Feb 2024 at 09:36hrs | 74 | by Staff reporter
Mwonzora's MDC presses for CCC's removal from party offices
The Douglas Mwonzora-led Movement for Democratic Change (MDC) party has approached the courts seeking an order to evict the Citizens' Coalition for Change (CCC) from the party offices in Bulawayo....Published: 04 Feb 2024 at 19:58hrs | 4 | by Staff reporter
Zimdollar crashes to lowest since its 2019 revamp
A fresh plunge in the value of the Zimbabwean dollar means that everyone in the country with US$100 is now a millionaire in local-currency terms. Again.The local unit on Tuesday weakened past ...Published: 31 Jan 2024 at 04:56hrs | 3 | by Staff reporter
Zimdollar further tumbles against US dollar
The cost of goods and services keeps on increasing in Zimbabwe as the local currency depreciates against the U.S. dollar, a trend that accelerated at the beginning of 2024.The local dollar, which ...Published: 18 Jan 2024 at 17:52hrs | 1 | by Staff reporter
Mayor Mafume lashes Zinara
The City of Harare (CoH) is experiencing growing dissatisfaction with what they perceive as an unjust funding system implemented by the Zimbabwe National Road Administration (ZINARA).The local...Published: 16 Jan 2024 at 04:45hrs | 9 | by Staff reporter
Zimdollar decline fueled by surge in money supply
THE Zimbabwe dollar has taken a battering in the past month with economists attributing the depreciation of the local currency to increased money supply after private and public sector employees were ...Published: 24 Dec 2023 at 16:10hrs | 11 | by Staff reporter
What Zimbabwe's health care workers are doing to get UK jobs
When Kundai graduated with a master's degree from a local university, she did not imagine staying unemployed for five years. Even more unexpected was the fact that her path to forging a career as a he...Published: 29 Nov 2023 at 05:10hrs | 15 | by Evidence Chenjerai
Zimra loses case to terminate 85 vehicles deal
THE Zimbabwe Revenue Authority has lost its bid to cancel a tender for the supply of 85 vehicles worth more than US$3,9 million after the High Court Commercial Division threw out the appeal.&n...Published: 24 Nov 2023 at 05:32hrs | 16 | by Staff reporter
Zimbabwe accused of blocking nurses from taking jobs abroad
Struggling to survive on her meagre salary, Zimbabwean nurse Jane decided to start a new life abroad but, one year after landing a job in Britain, she is still waiting to pack her bags.Jane is...Published: 09 Nov 2023 at 05:59hrs | 18 | by Staff reporter
Zimra urges public to follow pre-clearance procedures
The Zimbabwe Revenue Authority (Zimra) has called on vehicle importers to adhere to pre-clearance procedures for all imported vehicles. Pre-clearance involves completing customs import procedures befo...Published: 03 Nov 2023 at 05:38hrs | 52 | by Staff reporter
Fraudulent forex dealer jailed 6 years
A Bindura man who defrauded several vendors of over US$30,000 through fake proof of payments in failed foreign currency exchange transactions has been sentenced to six years in prison. Collin Rutendo ...Published: 31 Oct 2023 at 05:43hrs | 2 | by Staff reporter
Prices skyrocket in Zimbabwe
The ongoing depreciation of the local currency is plunging Zimbabweans further into economic hardship, causing prices of essential goods and services to soar beyond the means of most low-income famili...Published: 27 Oct 2023 at 06:18hrs | 1 | by Staff reporter
Potraz approves two-fold tariff rise for telcos
The Postal and Telecommunications Regulatory Authority of Zimbabwe (POTRAZ) has given its approval for a twofold increase in the tariffs of the country's telecommunications companies when billed in Zi...Published: 25 Oct 2023 at 06:40hrs | 5 | by Staff reporter
Zimbabwe gold-backed tokens enter market
Zimbabwe Gold (ZiG), the digital tokens backed by gold, has gained approval as a legitimate means of payment for domestic transactions, effective immediately. Transactions involving ZiG will be proces...Published: 06 Oct 2023 at 06:32hrs | 3 | by Staff reporter
Bulawayo City Council loses 38 firefighters to Asia
The Bulawayo City Council (BCC) is facing a significant loss of firefighters, with many seeking employment in Asian countries, just as the city is grappling with a surge in fire incidents.Econ...Published: 12 Sep 2023 at 08:28hrs | 48 | by Staff reporter
Vehicle imports net US$2bn
THE Zimbabwe Revenue Authority (Zimra) pocketed more than US$2 billion and $29 billion in local currency from vehicle imports in 2022, NewsDay has learnt.According to Zimra, the total revenue ...Published: 31 Jul 2023 at 06:57hrs | 10 | by Staff reporter
Zimbabwe govt loses battle on the redollarisation of salaries
THE government has issued a circular allowing public entities to pay salaries and allowances partly in United States dollars, in a development that shows the state is losing the war of redollarisation...Published: 27 Jul 2023 at 20:31hrs | 11 | by Staff reporter
'Mnangagwa is Mugabe's clone'
UNITED States economist and currency expert Steve Hanke has said President Emmerson Mnangagwa is no better than his predecessor, the late Robert Mugabe.Hanke who has constantly criticized Mnan...Published: 11 Jul 2023 at 07:42hrs | 13 | by Staff reporter
BCC engages private operators as ambulance crisis hits
THE Bulawayo City Council (BCC) has engaged the services of private operators to augment the shortage of ambulance vehicles at its emergency services department amid revelations that the city last got...Published: 11 Jun 2023 at 21:29hrs | 1 | by Staff reporter
'RBZ directive to trigger more power cuts'
EXPERTS have warned of more power outages after the central bank ordered non-exporters to settle their energy bills in Zimbabwean dollars in a bid to keep the under-fire local currency relevant....Published: 09 Jun 2023 at 06:33hrs | 3 | by Staff reporter
ConCourt backs RBZ on US dollar conversion
The 2018 decision by the Reserve Bank of Zimbabwe (RBZ) to convert all US dollar balances in Zimbabwean bank accounts to local currency was quite constitutional the Constitutional Court ruled yesterda...Published: 01 Jun 2023 at 06:40hrs | 2 | by Staff reporter
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