Search / Bank
Zimbabwe ranks highest corrupt country in SADC for 2024 by TI
Zimbabwe has come out as the worst corrupt country in SADC in 2024, according to the latest data from discredited Transparency International coming only ahead of a war-torn DRC.This was also t...Published: 3 hrs ago | 215 | by Staff reporter
RBZ dismisses fake news of POSB sale
The Governor of the Reserve Bank of Zimbabwe (RBZ), John Mushayavanhu, has dismissed claims that the People's Own Savings Bank (POSB) is up for sale. This follows reports suggesting that the state-own...Published: 4 hrs ago | 51 | by Staff reporter
Headmaster in court over forgery allegations
The headmaster of Sojini Secondary School in Mbembesi, Matabeleland North, Themba Nyoni, appeared in court on Thursday facing charges of forging documents to withdraw US$1,220 from school funds....Published: 4 hrs ago | 151 | by Staff reporter
EcoCash Holdings to rebrand
EcoCash Holdings Limited has announced plans to rebrand following a corporate restructuring that has left Steward Bank as its only remaining unit. This follows the takeover of the company by businessm...Published: 21 Feb 2025 at 11:12hrs | 404 | by Staff reporter
How Trump's Paris Climate Agreement withdrawal impacts Zimbabwe and the path forward
THE decision by U.S. President Donald Trump to withdraw the United States from the Paris Climate Agreement this year has once again sent shockwaves across the global community.While the move w...Published: 18 Feb 2025 at 20:16hrs | 835 | by Tendai Ruben Mbofana
NSSA chairman embroiled in underhand Rainbow Tourism Group takeover bid
NATIONAL Social Security Authority (Nssa) chairman Emmanuel Fundira, who is former chairman of African Sun Limited, and an ex-Rainbow Tourism Group (RTG) senior executive Paula January are accused of ...Published: 18 Feb 2025 at 20:01hrs | 1327 | by NewsHawks
Illicit wealth case resumes in Zimbabwe court
The trial of Dennis Madondo, a 33-year-old man from Murehwa accused of acquiring property using illicit funds, resumed yesterday, with the prosecution presenting evidence on his unexplained wealth....Published: 18 Feb 2025 at 03:30hrs | 496 | by Staff reporter
World Bank implores Zimbabwe to maintain tight money supply
The World Bank has urged Zimbabwe to maintain its tight monetary policy stance and resist spending pressures to control inflation and ensure lasting exchange rate stability.Inflation in Zimbab...Published: 17 Feb 2025 at 09:00hrs | 249 | by Staff reporter
Zanu-PF reaffirm its commitment to Mnangagwa leadersgip until 2030
The ruling Zanu-PF party's top leadership has reaffirmed its commitment to President Mnangagwa's leadership until 2030, emphasizing unity, shared purpose, and the continuation of transformative develo...Published: 17 Feb 2025 at 08:59hrs | 460 | by Staff reporter
Zimsec opens registration for 2025 exams
The Zimbabwe School Examinations Council (ZIMSEC) has officially opened registration for the June and November 2025 Ordinary and Advanced Level examinations. Candidates have been urged to visit their ...Published: 17 Feb 2025 at 08:56hrs | 517 | by Staff reporter
Mnangagwa returns from AU Summit
SADC chairperson and Zimbabwean President Emmerson Mnangagwa has returned home from Addis Ababa, Ethiopia, where he attended the 38th Ordinary Session of the African Union (AU). This year's summit, he...Published: 16 Feb 2025 at 17:16hrs | 830 | by Staff reporter
Mnangagwa, Hichilema come face to face
President Emmerson Mnangagwa and his Zambian counterpart Hakainde Hichilema had an uneasy public interaction in Addis Ababa, Ethiopia, yesterday, as their strained diplomatic relations played out duri...Published: 16 Feb 2025 at 16:47hrs | 3804 | by Staff reporter
Mphoko's son moves to block Choppies sale to Raji Modi
Siqokoqela Mphoko, son of the late former Vice President Phelekezela Mphoko, has filed an urgent chamber application seeking to prevent the sale of Choppies Zimbabwe to Bulawayo businessman and Deputy...Published: 16 Feb 2025 at 16:42hrs | 1919 | by Staff reporter
Bank manager grilled in Gono fraud case
The trial of a Harare couple accused of fraudulently altering the directorship of Valley Lodges, a property linked to former Reserve Bank of Zimbabwe (RBZ) Governor Gideon Gono, continued on Friday, w...Published: 16 Feb 2025 at 07:47hrs | 833 | by Staff reporter
Zimbabwe's debt unsustainably high
The International Monetary Fund (IMF) has warned that Zimbabwe's debt and external arrears remain unsustainably high, forcing the country to rely on its own resources to fund economic activities....Published: 16 Feb 2025 at 07:42hrs | 393 | by Staff reporter
Changes at Steward Bank as Nyambirai makes a comeback
EcoCash Holdings has announced changes to its board following businessman Tawanda Nyambirai's recent acquisition of a controlling stake in the company.The development comes after a major restr...Published: 15 Feb 2025 at 07:59hrs | 1644 | by Staff reporter
Geza accusing Nyabadza of deceit, trial stalls
Former Agricultural and Rural Development Authority (Arda) boss Basil Nyabadza delayed the start of his trial on Thursday, where he is accused of defrauding Zanu-PF central committee member and outspo...Published: 14 Feb 2025 at 11:54hrs | 2446 | by Staff reporter
Can money buy Mnangagwa a third term?
Zimbabwe's political arena has always been fraught with power struggles and factional battles, but the current succession war between President Emmerson Mnangagwa and Vice President Constantino Chiwen...Published: 14 Feb 2025 at 11:37hrs | 384 | by Staff reporter
Zimbabwe's bullion-backed ZiG is missing out on gold's record run
Zimbabwe's bullion-backed currency is missing out on an impressive gold rally, because of a liquidity squeeze that's choking the economy and difficulties in exchanging the unit for dollars.Sin...Published: 14 Feb 2025 at 08:40hrs | 431 | by Staff reporter
Zimbabwe govt announces subsidized 2025 ZIMSEC exam fees
The Government of Zimbabwe has revealed the 2025 Zimbabwe School Examinations Council (ZIMSEC) examination fees for both Ordinary Level (O-Level) and Advanced Level (A-Level) candidates, with signific...Published: 13 Feb 2025 at 14:02hrs | 1345 | by Staff reporter
Heavy rains pound Bulawayo, Masvingo
Heavy rains and severe flooding have devastated parts of southern and southwestern Zimbabwe, with Bulawayo and Masvingo cities among the hardest hit. Torrential rains on Tuesday caused local rivers to...Published: 13 Feb 2025 at 09:45hrs | 1131 | by Staff reporter
Biti slams title deed plan, calls it a reversal of land reform
Former Finance Minister and legal expert Tendai Biti has criticized the government's plan to issue title deeds to farm owners, calling it a legal and policy blunder that undermines Zimbabwe's land ref...Published: 13 Feb 2025 at 06:32hrs | 511 | by Staff reporter
Zimbabwe eyes hosting 5th Intra-Africa Trade Fair in 2027
Zimbabwe has expressed optimism about hosting the 5th Intra-Africa Trade Fair (IATF) in 2027, pending the results of an ongoing evaluation process, NewsDay has learned.This was revealed by Ind...Published: 13 Feb 2025 at 06:31hrs | 117 | by Staff reporter
Zimbabwe vendors required to use POS machines
The Government has introduced a directive requiring all vendors to use Point of Sale (POS) machines and open bank accounts as part of their registration process. This initiative, implemented in collab...Published: 13 Feb 2025 at 06:30hrs | 391 | by Staff reporter
Zambia to introduce new banknotes on March 31, 2025
The Bank of Zambia (BoZ) has announced the introduction of new banknotes and coins for the Zambian kwacha, set to launch on March 31, 2025. This marks a significant update to the nation's currency, ai...Published: 12 Feb 2025 at 19:44hrs | 1035 | by Staff reporter
Sir Wicknell Chivayo clears Highlanders' US$27,000 debt
Prominent businessman Wicknell Chivayo has delivered on his promise to settle Highlanders Football Club's US$27,000 debt owed to former head coach Baltemar Brito and his assistant Antonio Joao Torres....Published: 12 Feb 2025 at 16:43hrs | 2013 | by Staff reporter
Police name 17 drug barons arrested in nationwide crackdown
The Zimbabwe Republic Police (ZRP) has released the names of 17 drug barons and suppliers arrested across the country between January 8, 2025, and February 11, 2025, as part of an ongoing operation ta...Published: 12 Feb 2025 at 16:36hrs | 1377 | by Staff reporter
Zimbabwe isn't yet ready for a sole currency, finance chief says
Zimbabwe's Finance Minister Mthuli Ncube said the southern African nation needs to regain access to credit lines before it can adopt the ZiG as its sole currency."We need a few things in place...Published: 12 Feb 2025 at 15:00hrs | 404 | by Staff reporter
Mnangagwa's Cabinet resolves to corner vendors
As Zimbabwe's economy continues to spiral downward, the government has introduced a series of controversial measures aimed at taxing the struggling informal sector and vendors to boost state revenue. ...Published: 12 Feb 2025 at 11:21hrs | 1243 | by Staff reporter
Zimbabwe begins compensation of BIPPA protected ex-white farmers
Finance and Investment Promotion Minister Mthuli Ncube has announced the commencement of compensation payments to farmers under a US$20 million facility allocated in the 2024 National Budget. The paym...Published: 12 Feb 2025 at 06:41hrs | 773 | by Staff reporter
Zimbabwe's gold coins sell for record $3,000 as bullion surges
Zimbabwe's gold coins sold above $3 000 for the first time since they were introduced almost three years ago as the price of bullion surged.The 22-carat "Mosi-Oa-Tunya" gold coins, named after...Published: 12 Feb 2025 at 06:39hrs | 733 | by Staff reporter
Zimbabwe's 2024 foreign currency receipts top US$13bn
Zimbabwe's foreign currency inflows grew by 21 percent in 2024, reaching US$13.3 billion compared to US$11 billion in 2023, driven primarily by an increase in export proceeds, according to the Reserve...Published: 12 Feb 2025 at 06:35hrs | 201 | by Staff reporter
'Zimbabwe banks have robust cybersecurity systems'
The Reserve Bank of Zimbabwe (RBZ) has prioritized cybersecurity and artificial intelligence (AI) as critical pillars for the financial sector's growth and stability, according to its 2025 Monetary Po...Published: 11 Feb 2025 at 06:38hrs | 130 | by Staff reporter
RBZ intervenes in data pricing discrimination against ZiG
The Reserve Bank of Zimbabwe (RBZ) has moved to address concerns over discriminatory pricing by mobile network operators and internet service providers, particularly regarding their preference for tra...Published: 10 Feb 2025 at 15:28hrs | 1944 | 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 | 228 | by Staff reporter
Zimbabwe govt launches one-stop centre for title deed issuance
The Government has established a one-stop centre to expedite the issuance of title deeds for landholders, streamlining the process and enhancing land tenure security and productivity in Zimbabwe....Published: 10 Feb 2025 at 06:36hrs | 439 | by Staff reporter
Zimbabwe diplomat defrauded of US$1.3 million in international scam
Interpol London has confirmed that Richard Kaye, the alleged mastermind behind an elaborate investment scam that defrauded the late Zimbabwean diplomat Ambassador Hurudza Punungwe and his wife of US$1...Published: 10 Feb 2025 at 06:35hrs | 1001 | by Staff reporter
RBZ predicts inflation to trend down in 2025
The Reserve Bank of Zimbabwe (RBZ) is optimistic about continued inflation moderation, forecasting the monthly inflation rate to average 3% or less in 2025. The central bank expects the annual inflati...Published: 10 Feb 2025 at 06:31hrs | 171 | by Staff reporter
Zimbabwean drivers sort over stolen side tipper trucks in SA
A logistics company in Witbank has announced a R100,000 reward for information leading to the recovery of two stolen side tipper trucks and the arrest of the suspects involved. South African police ar...Published: 09 Feb 2025 at 19:15hrs | 1463 | by Staff reporter
Zimbabwe central bank cracks down on cash hoarding
The Reserve Bank of Zimbabwe (RBZ) has expressed concern over millions of dollars lying idle in cash deposit boxes across the country, warning that the growing trend is stifling economic growth by dep...Published: 09 Feb 2025 at 17:40hrs | 6316 | by Staff reporter
Chivayo offers to dig Bosso out of their financial hole
Business mogul and philanthropist Wicknell Chivayo has stepped in to assist troubled Premier Soccer League (PSL) side Highlanders Football Club, offering to pay the club's outstanding $27,000 debt and...Published: 09 Feb 2025 at 12:48hrs | 1710 | by Staff reporter
Bosso hit with FIFA transfer ban
Bulawayo giants Highlanders Football Club have become the latest Premier Soccer League side to face FIFA sanctions, as the club has been slapped with a transfer ban for failing to settle outstanding s...Published: 09 Feb 2025 at 11:25hrs | 149 | by Staff reporter
Mnangagwa's govt fails to honour promises
Traders who lost goods worth over US$20 million in a devastating fire at Mbare Musika last October are expressing frustration over the government's failure to fulfill its promises of interest-free loa...Published: 08 Feb 2025 at 12:53hrs | 893 | by Staff reporter
Zimbabwe struggles to promote ZiG
THE Zimbabwean government faces challenges in promoting the Zimbabwe Gold (ZiG) currency for financial stability, as some businesses remain reluctant to accept it, preferring the U.S. dollar, which re...Published: 08 Feb 2025 at 12:52hrs | 579 | by Staff reporter
Zimbabwe's foreign currency reserves surge by 87%
The Reserve Bank of Zimbabwe (RBZ) has reported a significant increase in its foreign currency reserves, which have surged by 87% to reach US$550 million as of January 2025. This marks a substantial g...Published: 08 Feb 2025 at 12:49hrs | 3920 | by Staff reporter
Mnangagwa praises Akinwumi Adesina
President Emmerson Mnangagwa has congratulated Dr Akinwumi Adesina for his outstanding leadership at the helm of the African Development Bank (AfDB), marking the end of his decade-long tenure as presi...Published: 08 Feb 2025 at 12:40hrs | 215 | by Staff reporter
Zimbabwe central bank speaks on retailers
The Reserve Bank of Zimbabwe (RBZ) has dismissed claims by registered retailers that the country's economic environment is to blame for their operational challenges, pointing instead to gross mismanag...Published: 08 Feb 2025 at 12:30hrs | 182 | by Staff reporter
Smear Campaign Against Chiwenga
Vice President Chiwenga sparked the wrath of corrupt individuals when he warned people against corruption and likening them to zvigananda. Chiwenga speaking at the heroes acre said "We can onl...Published: 07 Feb 2025 at 20:20hrs | 1344 | by John Mbizvo
RBZ to introduce higher denomination ZiG notes
The Reserve Bank of Zimbabwe (RBZ) has announced plans to introduce higher denominations of the Zimbabwe Gold (ZiG) currency by the third quarter of 2025. This move aims to address challenges with the...Published: 07 Feb 2025 at 17:44hrs | 895 | by Staff reporter
Central bank to improve design and quality of Zimbabwe Gold banknotes
The Reserve Bank of Zimbabwe (RBZ) is set to enhance the quality and design of Zimbabwe Gold (ZiG) banknotes to align with international standards, addressing public concerns over their durability and...Published: 07 Feb 2025 at 17:43hrs | 257 | by Staff reporter
Load More Stories
