Search / Bank
RBZ crackdown on money laundering
Following an intensive investigation into smuggling, money laundering, and financial externalisation, Zimbabwean authorities have launched a crackdown targeting several businesspeople and companies im...Published: 6 mins ago | 2 | by Staff reporter
Zimbabweans pledge property for loans
Zimbabweans are increasingly pledging household items such as beds, fridges, and other personal property as collateral to secure small loans from financial institutions, highlighting the dire state of...Published: 18 mins ago | 13 | by Staff reporter
RBZ upholds tight monetary policy to protect ZWG
The Reserve Bank of Zimbabwe (RBZ) on Thursday reaffirmed its tight monetary policy stance as a key strategy to conserve the local currency, despite mounting pressure from industry players to ease bor...Published: 22 mins ago | 9 | by Staff reporter
Zimbabwe faces new threat from AI voice cloning scams
Last month, a disturbing case emerged from Canada where fraudsters used artificial intelligence to clone the voices of elderly Americans' grandchildren. Between 2021 and 2024, the ring targeted senior...Published: 33 mins ago | 6 | by Staff reporter
Kariba water level declines
Lake Kariba is recording a steady drop in water levels, closing the latest monitoring period at 478,77 metres as of August 5, 2025, according to the Zambezi River Authority (ZRA).This represen...Published: 37 mins ago | 17 | by Staff reporter
Zimbabwe banking sector profits drop
Zimbabwe's banking sector has reported a steep drop in earnings for the first half of 2025, with aggregate profits plunging to ZiG5,0 billion (US$184,07 million) from ZiG10,4 billion (US$760,37 millio...Published: 51 mins ago | 12 | by Staff reporter
POSB launches solar, Starlink loan scheme for schools
The People's Own Savings Bank (POSB) has launched an ambitious solar and Starlink internet loan scheme targeted at Zimbabwe's schools, marking a rare example of a local bank offering accessible, impac...Published: 16 hrs ago | 276 | by Staff reporter
Zimbabwe races to implement IMF-backed reforms
Zimbabwe is racing to implement wide-ranging fiscal and monetary reforms agreed with the International Monetary Fund (IMF), as the country seeks to exit its long-standing debt crisis, rebuild trust wi...Published: 16 hrs ago | 367 | by Staff reporter
CBZ appoints Mthimukhulu as Managing Director
CBZ Bank has appointed Valeta Mthimukhulu as its new Managing Director, marking a new chapter for Zimbabwe's largest financial institution.Mthimukhulu brings with her over 20 years of executiv...Published: 18 hrs ago | 526 | by Staff reporter
Mnangagwa ally disburses nearly US$200K to Zanu-PF affiliates
Special Advisor to the President, Dr Paul Tungwarara, has disbursed nearly US$200,000 from the Presidential Revolving Fund to eight Zanu-PF-affiliated groups in Masvingo Province, urging beneficiaries...Published: 20 hrs ago | 313 | by Staff reporter
Zimbabwe's brief gold coin revival ends with little impact
Zimbabwe's central bank has ended its short-lived reintroduction of gold coins, citing high demand and rising international prices, but economists say the effort had little macroeconomic effect and of...Published: 07 Aug 2025 at 09:07hrs | 140 | by Staff reporter
Bulawayo councillors split over Egodini mall project
City councillors remain deeply divided on how to handle the stalled Egodini Mall redevelopment, as frustrations mount among residents over continued delays and traffic congestion attributed to the fai...Published: 07 Aug 2025 at 09:00hrs | 203 | by Staff reporter
Zimbabwe Company Director Arrested Over US$6 Million LP Gas Forex Scandal
The National Prosecuting Authority of Zimbabwe (NPAZ) has announced the arrest of businessman Grant Chitate and his company Wellington Thulisa (Pvt) Ltd in connection with a massive foreign currency v...Published: 06 Aug 2025 at 16:35hrs | 313 | by Stephen Jakes
Zimbabwe sees sharp rise in credit registry inquiries
Zimbabwe recorded a marked increase in credit registry inquiries between September 2024 and March 2025, with the most dramatic spike occurring in February this year, according to the Mid-Term Budget R...Published: 06 Aug 2025 at 09:15hrs | 352 | by Staff reporter
Zimbabwe govt urged to act on speculative pricing
The Consumer Council of Zimbabwe (CCZ) has urged enhanced cooperation between the Ministry of Finance, the Reserve Bank of Zimbabwe (RBZ), and consumer rights bodies to tackle rampant speculative pric...Published: 06 Aug 2025 at 08:53hrs | 65 | by Staff reporter
Director arrested over US$7.6m payments for LP gas imports
Grant Wellington Thulisa (Pvt) Ltd, represented by its director Grant Chitate, has been dragged before the courts on allegations of making unauthorised foreign payments totalling US$7.6 million for th...Published: 05 Aug 2025 at 17:44hrs | 1044 | by Staff reporter
FBC sees cautious recovery in Zimbabwe
Financial services firm FBC Securities says Zimbabwe's 2025 Mid-Year Budget and Economic Review points to a cautiously optimistic recovery trajectory, although tight fiscal and monetary conditions cou...Published: 05 Aug 2025 at 14:38hrs | 226 | by Staff reporter
Goat tender fraud trial resumes
The trial of businessmen Moses Mpofu and Mike Chimombe, accused of defrauding the Government of US$7 million under the Presidential Goat Pass-On Scheme, resumed yesterday with Mpofu outlining the fina...Published: 05 Aug 2025 at 08:58hrs | 271 | by Staff reporter
Zimbabwe retailers bank on 6% economic growth
The Confederation of Zimbabwe Retailers (CZR) says it expects consumer spending to rise this year, buoyed by the government's projected 6% economic growth, despite continued pressure on household inco...Published: 05 Aug 2025 at 08:53hrs | 56 | by Staff reporter
Body of drowned cop found after seven day search
The body of Constable Joseph Masvora (24), who drowned last Sunday at Bubi-Lupane Dam alongside Brian Thulani Ngwenya (26), was finally recovered yesterday morning, bringing to an end a grueling seven...Published: 04 Aug 2025 at 18:41hrs | 729 | by Staff reporter
Manyere, Nyengedza at centre of SA company collapse
Two prominent Zimbabwean businessmen, George Manyere and Godwin Nyengedza, are at the heart of the dramatic collapse of Afristrat Investment Holdings - a South African financial services firm formerly...Published: 04 Aug 2025 at 17:15hrs | 504 | by Staff reporter
NEC reviews wages for agricultural sector workers
The National Employment Council (NEC) for Zimbabwe's agricultural industry has announced an upward revision of minimum wages and allowances for workers in the sector, effective from June 1, 2025....Published: 04 Aug 2025 at 08:46hrs | 340 | by Staff reporter
Zanu-PF MP's property attached over US$34,000 fraud
The High Court has ordered the attachment of movable property belonging to Masvingo North legislator Brian Mudumi after he failed to repay US$34,000 in a fraud case involving his company, Cloud Africa...Published: 04 Aug 2025 at 08:40hrs | 426 | by Staff reporter
Gold Backed Currency vs Dollarisation: Lessons from Zimbabwe's New ZiG
Since April 2024, Zimbabwe has started a new monetary policy by introducing a gold-backed currency known as the Zimbabwe Gold (ZiG), to get rid of its reliance on the U.S. dollar. In t...Published: 03 Aug 2025 at 23:27hrs | 442 | by Staff Reporter
Company faces exchange control violation charges
A Harare-based company, Grant Thulisa (Pvt) Ltd, has been hauled before the courts on allegations of violating Zimbabwe's exchange control regulations after it allegedly misrepresented the amount of m...Published: 03 Aug 2025 at 12:17hrs | 197 | by Staff reporter
Supreme Court saves Ugandan couple from Harare houses seizure
The Supreme Court of Zimbabwe has quashed an unexplained wealth order previously issued against Ugandan nationals Robert Kwesiga and his wife, Sande Hilga Kwesiga, ruling that the prosecutor general f...Published: 03 Aug 2025 at 12:17hrs | 366 | by Staff reporter
Economists slam Mthuli Ncube's budget
Economists have sharply criticised Finance Minister Mthuli Ncube's 2025 mid-term budget and economic review, accusing the government of failing to deliver the structural reforms needed to address Zimb...Published: 03 Aug 2025 at 09:59hrs | 250 | by Staff reporter
Russia-Zimbabwe talks overshadowed by 'hitman' allegations
A high-powered delegation of 11 Russian officials arrived in Harare this week for a strategic meeting with Zimbabwe's Minister of Finance, Professor Mthuli Ncube, in a bid to deepen bilateral financia...Published: 02 Aug 2025 at 19:12hrs | 534 | by Staff reporter
Bindura neglects billing 1,598 households
Bindura Town Council has come under fire following revelations that it neglected to bill 1,598 households in the Garikai area for water services, resulting in a significant loss of revenue. The disclo...Published: 02 Aug 2025 at 10:12hrs | 31 | by Staff reporter
RBZ Chief charts path to monetary stability
Reserve Bank of Zimbabwe (RBZ) Governor Dr. John Mushayavanhu says the central bank is making steady progress in consolidating price stability, growing foreign reserves, and reinforcing the banking se...Published: 01 Aug 2025 at 13:12hrs | 172 | by Staff reporter
Lake Chivero crisis pushes wildlife and people to the edge
The stench of decay hangs heavy over Lake Chivero, long before the water even comes into sight. Once a shimmering lifeline for Harare's three million residents and a sanctuary for wildlife, the lake i...Published: 01 Aug 2025 at 13:07hrs | 338 | by Staff reporter
Mthuli Ncube admits economy chaos
The government has admitted that companies in Zimbabwe often make more money operating outside the law than when complying with regulations, in a rare acknowledgement of a system that punishes honesty...Published: 01 Aug 2025 at 09:12hrs | 629 | by Staff reporter
Kariba Dam rehabilitation nears completion
The Zambezi River Authority (ZRA) has successfully completed a critical "test on completion" under the ongoing Kariba Dam Rehabilitation Project (KDRP), marking a major milestone in efforts to secure ...Published: 01 Aug 2025 at 09:05hrs | 136 | by Staff reporter
Uproar over controversial NSSA boss appointment
The government has ignited a fresh storm at the National Social Security Authority (Nssa) after bypassing two top-performing candidates for the position of general manager (GM) and appointing a lower-...Published: 01 Aug 2025 at 08:37hrs | 898 | by Staff reporter
Zimbabwe's rebasing pushes GDP to US$45,7bn
The government's recent rebasing of Zimbabwe's economy has lifted its gross domestic product (GDP) valuation to US$45,7 billion and gross national income (GNI) per capita above US$3 000 - even as ...Published: 01 Aug 2025 at 08:27hrs | 248 | by Staff reporter
Zimbabwe inflation surges to 95.8%
Zimbabwe's inflationary strain deepened in July, with annual inflation accelerating to 95.8%, up from 92.5% in June, underlining the fragility of the country's monetary framework despite tighter polic...Published: 31 Jul 2025 at 12:58hrs | 328 | by Staff reporter
Dairibord warns of rising costs
Dairibord Holdings Limited, one of Zimbabwe's largest publicly listed milk processors, has sounded the alarm over a tough operating environment that has driven up costs, squeezed margins, and weighed ...Published: 31 Jul 2025 at 12:54hrs | 221 | by Staff reporter
Body of Lupane cop still missing after dam tragedy
The search continues for the body of a 24-year-old police officer who drowned on Sunday after a boat capsized at Bubi-Lupane Dam in Matabeleland North province, claiming two lives.Joseph Masvo...Published: 31 Jul 2025 at 12:52hrs | 352 | by Staff reporter
Top banker exposed in land deal
A senior official at FBC Bank, Rena Kunonga Sambaza, is currently embroiled in a legal dispute involving allegations of fraud related to the acquisition and subsequent exchange of a residential stand ...Published: 31 Jul 2025 at 08:19hrs | 521 | by Staff reporter
RBZ warns against price instability
The Reserve Bank of Zimbabwe (RBZ) has issued a cautionary note on the dangers posed by exchange rate volatility, stressing that fluctuations in the value of the local currency could severely undermin...Published: 31 Jul 2025 at 08:19hrs | 245 | by Staff reporter
Operation Dudula perpetrating genocide: Black on Black violence in SA
Operation Dudula is hunting down people and killing them by burning and stabbing them to death. Zimbabweans, together with other foreign nationals, all blacks are hunted down by criminals - Operation ...Published: 30 Jul 2025 at 17:12hrs | 867 | by Nomazulu Thata
Zanu-PF Politburo convenes amid Tagwirei power struggle
As Zanu-PF's politburo convenes today, deepening tensions over President Emmerson Mnangagwa's succession have emerged, with the spotlight now firmly on the party's 2030 agenda. The high-stakes interna...Published: 30 Jul 2025 at 12:27hrs | 766 | by Staff reporter
Zimbabwean Exemption Permit deadline nears
More than 90,000 Zimbabwean nationals have submitted applications for various visa categories, permits, and waivers to South Africa's Department of Home Affairs (DHA) as the clock ticks down to the fi...Published: 29 Jul 2025 at 23:45hrs | 949 | by Staff reporter
Constantine Chiwenga: get lost!
Mrs. Merry Chiwenga is a victim of Zanu PF dirty politics. The young woman was used to the point of becoming mad. She is accused of trying to murder Chiwenga: question is, who gave Merry orders to tem...Published: 29 Jul 2025 at 20:47hrs | 2018 | by Nomazulu Thata
Man kidnapped over teen romance allegation: Family demands ransom
A Ruwa man was allegedly kidnapped, assaulted, and held for ransom over the weekend by six neighbours who accused him of being romantically involved with a 14-year-old girl. The suspects, who include ...Published: 29 Jul 2025 at 18:23hrs | 656 | by Staff reporter
Ramaphosa went to Ukraine & Russia to bring peace that is not in South Africa
Operation Dudula is upon us. Our Zimbabwean citizens are chased like they are rats and mice in their neighbourhoods. Who is my neighbour: asked the philosophy of UBUNTU. A fellow human being, seeking ...Published: 29 Jul 2025 at 17:00hrs | 507 | by Nomazulu Thata
'Doctor of Nothing: Zimbabwe's elite and the theft of knowledge'
In the hallowed halls of academia, a doctorate stands as a towering monument to intellectual endurance, sleepless nights, existential crises, and a few thousand cups of coffee brewed stronger than mos...Published: 29 Jul 2025 at 16:30hrs | 619 | by Staff reporter
Harare City Council rot exposed
The Auditor-General has raised red flags over Harare City Council's financial records for the year 2021, citing major inconsistencies and missing documentation that hindered a proper audit of the city...Published: 29 Jul 2025 at 08:35hrs | 449 | by Staff reporter
Mutapa, RBZ push for economic transformation
The Mutapa Investment Fund and the Reserve Bank of Zimbabwe (RBZ) have pledged to play pivotal roles in driving economic transformation and ensuring financial stability as the nation accelerates effor...Published: 28 Jul 2025 at 14:18hrs | 202 | by Staff reporter
Zimbabwe needs G20 help to exit debt trap
Zimbabwe's best chance of exiting a 25-year debt default is to engage the Group of 20 nations to help formulate a solution and stop trying to work its way out of the quagmire itself, World Bank Presid...Published: 28 Jul 2025 at 14:02hrs | 154 | by Staff reporter
Load More Stories
