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Zimdollar shortage hits the country
ZIMBABWE has been hit by Zimdollar shortages, a situation that has resulted in long-winding queues resurfacing at banks throughout the country.Of late, banks have been disbursing less than $5 ...Published: 22 Sep 2022 at 06:04hrs | | by Staff reporter
Mnangagwa's gamble works for the economy
Monetary Policy is defined as an attempt to achieve broad economic goals by the regulation of the supply of money. The 2018 Monetary Policy Statement (MPS) was prepared on the narrative that Zimbabwe ...Published: 23 Feb 2019 at 09:09hrs | 1 | by Dr Masimba Mavaza
Zimbabwe cash problems will not be solved by using foreign monies alone
It is true that businesses in Zimbabwe discuss major business deals and even small purchases with the cost listed in US dollars, even when the US is not involved in the transaction. The US dollar is v...Published: 06 Dec 2018 at 18:53hrs | 3 | by Dr Masimba Mavaza
Zimbabwe economy on the mend
Zimbabweans have entered the most anxious week. The new cabinet flew into a cholera crisis and from nowhere prices sky rocketed and rates came to obnoxious stinking levels. Mthuli Ncube's first week i...Published: 18 Sep 2018 at 07:32hrs | 3 | by Dr Masimba Mavaza
Chamisa's polarising politics should be rejected
One of the first things President Mnangagwa did within a few weeks of coming to power was to extend a hand of benevolence to then stricken MDC-T leader, Mr Morgan Tsvangirai. The world was in awe as i...Published: 24 Jul 2018 at 06:57hrs | | by Nick Mangwana
More jobs coming, says Mnangagwa
PRESIDENT Mnangagwa yesterday said Government has embarked on a number of economic initiatives expected to create employment and address the liquidity crisis bedevilling the country. Addressin...Published: 12 Jul 2018 at 07:20hrs | | by Staff reporter
Losing Zanu-PF MPs in rebellion
Zanu-PF legislators who lost in the recently-held primary polls are becoming rebellious in their attitude in the National Assembly which could force the ruling party to rely on the whip system to push...Published: 15 May 2018 at 07:22hrs | | by Staff reporter
Makandiwa prophecy causes stir
PROPHET Emmanuel Makandiwa allegedly foretold the long running cash shortages and the introduction of bond notes meant to improve liquidity in the economy, according to a video recording which has gon...Published: 30 Apr 2018 at 06:12hrs | 2 | by Staff Reporter
'Solve cash problems first before inviting Zimbabweans back home'
A South African based think tank, the Institute for Security Studies (ISS), believes that the recent call by the Zimbabwean government, urging those who fled the country to return home was a step in t...Published: 17 Apr 2018 at 08:50hrs | | by Staff reporter
China tightens purse strings on Zimbabwe deal
AHEAD of President Emmerson Mnangagwa's high-profile visit to China at the beginning of next month, it has emerged government's proposal to securitise minerals in a bid to secure US$1,5 billion fundin...Published: 24 Mar 2018 at 19:45hrs | | by Staff reporter
Dembare, Epoupa at loggerheads
HARARE giants Dynamos are at loggerheads with their Cameroonian import Christian Joel Epoupa Ntouba over outstanding arrears amounting to $15 000.Epoupa joined Dynamos last year for an undiscl...Published: 10 Mar 2018 at 09:22hrs | 2 | by Staff reporter
Zimbabwe cash problems will not be solved by using foreign monies alone
It is true that businesses in Zimbabwe discuss major business deals and even small purchases with the cost listed in US dollars, even when the US is not involved in the transaction. The US dollar is v...Published: 14 Jan 2018 at 07:09hrs | 3 | by Dr Masimba Mavaza
Zimbabwe crisis is mainly centred on political will, legitimacy and productivity
For Zimbabwe to meet global standards there are fundamental issues that certainly should be addressed if we are to have a quick economic recovery. We definitely have to listen to this voice that is wr...Published: 04 Jan 2018 at 19:50hrs | 1 | by Tinashe Eric Muzamhindo
Illegal cash traders in Zimbabwe - An economic analysis with Tryson Dube
In this crippled economy of Zimbabwe that is barely surviving. 'A lot' of people depend on the informal sector. Many of these people are living with income below the poverty datum line; 'plastic money...Published: 20 Dec 2017 at 05:42hrs | | by Tryson G. Dube
Mugabe, Mnangagwa's costly sideshow
Barely four years after they hounded then vice-president Joice Mujuru out of government and Zanu-PF on spurious allegations of witchcraft and treason, President Robert Mugabe and his wife are at it ag...Published: 08 Oct 2017 at 15:42hrs | 1 | by Staff reporter
Cash crisis, loads of bond notes seen at Chirundu border as black market emerges
Loads of bond notes were last week seen in Chirundu border post amid revelations the money black market which crumbled the country's economy in 2007- 2008 is back with a bang as the cash crisis contin...Published: 24 Sep 2017 at 08:08hrs | | by Stephen Jakes
DStv sued over US dollar subscriptions
A HARARE lawyer has approached the High Court seeking an order compelling Skynet Private Limited (Multichoice Zimbabwe) to accept bank card swipe, bank transfers, ecocash and bond notes for DSTV subsc...Published: 08 Sep 2017 at 06:34hrs | | by Staff reporter
Cash crisis biggest headache in Zimbabwe
THE prevailing cash challenges are the major problem affecting rural households in the country, the latest Zimbabwe Vulnerability Assessment Committee (ZimVAC) report has said.The 2017 Rural L...Published: 31 Jul 2017 at 06:58hrs | | by Staff reporter
Outcry over DStv payments
A number of banks are demanding the elusive United States dollar and an extra commission to process DStv subscriptions for locals as more plastic money payment avenues are being closed, sidelining a n...Published: 30 Jul 2017 at 07:43hrs | 1 | by Staff reporter
New 'bond notes' facility on the cards - Mangudya
THE Reserve Bank of Zimbabwe is on the verge of securing $500 million from international lending institutions which will cover for the country's immediate needs during the foreign currency dry season ...Published: 16 Jul 2017 at 10:58hrs | | by Staff Reporter
Zimbabwe panics as wheels come off
With Zimbabwe's economy continuing to die - as manifested by rising poverty levels, worsening job losses and severe cash shortages - the government is showing signs of panic, amid fresh warnin...Published: 15 Apr 2017 at 14:53hrs | 1 | by Staff reporter
Banks struggle to provide cash for clients, dishes out coins
The cash crisis seems to be further escalating in Zimbabwe as the country continues to run out of the US Dollar and only few remaining cash is in bond notes and coins. Howev...Published: 03 Apr 2017 at 18:23hrs | | by Stephen Jakes
Chinamasa's propaganda can't resuscitate the Zimbabwean economy
Back in the days when the Soviet Union was still a communist empire, its flagship broadsheet newspaper was called Pravda, or "Truth".But all and sundry knew it was a supplier of lies....Published: 11 Mar 2017 at 12:35hrs | 1 | by Gift Phiri
DeMbare grabs bottled water deal
Former champions Dynamos FC has unveiled a partnership with Alfhold Investment for bottled water.According to the arrangement, for every 500ml bottle sold the Harare based side will get 16 cen...Published: 22 Feb 2017 at 16:15hrs | | by Alice Dube
Zimbabwe's bond notes project collapsing
That sooner or later Reserve Bank of Zimbabwe chief John Mangudya's bond notes project would run into problems was a foregone conclusion.The bond notes, which were touted as the panacea to...Published: 27 Jan 2017 at 12:13hrs | | by The Zimbabwe Independent Comment
Zimbabwe companies face closure
A payments gridlock within the banking sector threatens to ground the economy, already troubled by a liquidity crunch and an emerging foreign currency crisis, industry players warned this week....Published: 15 Dec 2016 at 05:39hrs | | by Staff reporter
Cash shortages hit school opening preps
WITH schools opening on Tuesday a majority of parents are feeling the heat of cash shortages that has disrupted their preparations for the new school term as yesterday hundreds of them were stuck ...Published: 04 Sep 2016 at 09:02hrs | 2 | by Staff reporter
Teachers finally get their bonuses
TEACHERS yesterday flooded the banks to withdraw their bonus, joining scores of depositors who wanted to withdraw their cash as the festive season enters the home stretch.In Bulawayo scores of...Published: 20 Dec 2013 at 19:50hrs | | by Staff Reporter
$100 maximum withdrawal from Metropolitan Bank
Metropolitan Bank customers said the bank has sent them text messages informing them that they could withdraw money from any Zimswitch point of sale to a maximum of $100 a day.Metropolitan Ban...Published: 01 Dec 2013 at 04:51hrs | 1 | by Staff reporter
Zim banks running out of cash
Zimbabwean banks have been hit by a liquidity crisis following the July 31 polls resulting in the public failing to withdraw money in various financial institutions.Several Harare residents ...Published: 13 Nov 2013 at 18:34hrs | | by Staff reporter
Zinnovation Spruces Mobile Banking Technology
Aptly named Zinnovation – a hybrid of the two words Zimbabwe and Innovation is one of hottest Start-up Technology companies in Zimbabwe at the moment; with a focus on financial serv...Published: 30 Aug 2011 at 15:18hrs | 4 | by Mike Tashaya
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