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Cash dependency threatens Zimbabwe's digital economy goals

Banking experts have warned that Zimbabwe's heavy reliance on cash is undermining the country's push towards a digital economy, despite widespread mobile penetration and modern payment infrastructure.Speaking at the inaugural ZimSwitch Dig…

Published: 04 Sep 2025 at 07:41hrs | 63 | by Staff reporter

Mukuru runs out of cash

Hundreds of recipients of diaspora remittances in Masvingo were left stranded on Monday after Mukuru, Zimbabwe's largest international money transfer agent, temporarily ran out of cash.Beneficiaries were seen moving between outlets in hope…

Published: 03 Sep 2025 at 09:31hrs | 1763 | by Staff reporter

Weighbridge attendant accused of defrauding employer

A weighbridge attendant at National Foods' Workington Branch, Simon Kuyezesa (53), appeared before Harare magistrate Tapiwa Kuhudzai on allegations of defrauding the company of more than US$9,000. Kuyezesa was not required to plead during …

Published: 31 Aug 2025 at 09:21hrs | 57 | by Staff reporter

Police seize car believed bought with stolen cash

Police have seized a vehicle from Paul Chinomona, who is suspected of participating in the Milton Park robbery that saw US$59,000 stolen in cash. Chinomona appeared before Harare magistrate Marewanazvo Gofa but was not asked to plead. Auth…

Published: 31 Aug 2025 at 09:20hrs | 111 | by Staff reporter

Zimbabwe govt cash transfer scheme runs dry

Zimbabwe's urban cash transfer programme, designed to support vulnerable families, has effectively collapsed, with Social Welfare Minister Edgar Moyo revealing in Parliament that no funds have been disbursed in 2025 following a halt in Tre…

Published: 25 Aug 2025 at 22:21hrs | 535 | by Staff reporter

Man jailed for squandering US$2,640 airtime cash

A 27-year-old man from Binga has been jailed for effectively eight months after squandering US$2,640 that had been entrusted to him to buy airtime recharge cards for resale.Kelvin Muzamba appeared before the Binga Magistrates' Court facing…

Published: 17 Aug 2025 at 15:09hrs | 278 | 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 credit access and economic hardship fa…

Published: 08 Aug 2025 at 09:03hrs | 430 | by Staff reporter

Gun-toting robbers storm Murombedzi wholesale, flee with cash

Police in Zvimba have launched a manhunt for an armed gang that attacked a wholesale shop at Murombedzi Growth Point, making away with US$29,700 in cash on Thursday morning.According to a statement from the Zimbabwe Republic Police (ZRP), …

Published: 13 Jul 2025 at 11:25hrs | 96 | by Staff reporter

Security guard arrested in $4 million Ecobank cash heist probe

Police have made a breakthrough in Zimbabwe's largest-ever cash heist, arresting a suspect linked to the dramatic US$4 million robbery at an Ecobank branch in central Bulawayo last year.Bulawayo police spokesperson Inspector Nomalanga Mseb…

Published: 04 Jul 2025 at 14:32hrs | 868 | by Staff reporter

Kapfupi misses out on Aqua and cash gift after showing up drunk

Comedian Kapfupi failed to collect a Toyota Aqua vehicle and a $3,000 cash gift from businessman Wicknell Chivayo after arriving at the handover event in an intoxicated state.The incident has raised concerns about Kapfupi's well-being, wit…

Published: 02 Jun 2025 at 16:35hrs | 1675 | by Staff reporter

Mnangagwa's govt sunk US$10m into chaotic Independence day fete

The Zimbabwean government could have sunk up to US$10 million into the Independence Day celebrations held on Friday, which were marred by a series of embarrassing infrastructure failures and poor workmanship at the venue in Mutora growth p…

Published: 21 Apr 2025 at 09:08hrs | 1015 | by Staff reporter

MPs demand answers on Mnangagwa cash schemes

Lawmakers have called for a ministerial statement from Finance Minister Mthuli Ncube regarding the funding sources and the criteria used for selecting beneficiaries of various presidential support schemes, following allegations of politici…

Published: 21 Apr 2025 at 09:07hrs | 2056 | by Staff reporter

Hoarding cash undermines Zimbabwe economy

Stashing cash in safe deposit boxes, a practice often used to secure valuables, is adversely affecting the smooth functioning of the economy by diverting funds away from productive sectors, according to the Reserve Bank of Zimbabwe (RBZ).W…

Published: 13 Apr 2025 at 09:38hrs | 176 | by Staff reporter

Zimbabwe central bank rubbishes reports on cash deposit box seizures

The Reserve Bank of Zimbabwe (RBZ) has dismissed claims that it is targeting businesses and individuals holding cash in deposit boxes, following an article published in The Herald on April 2, 2025. The central bank clarified that while it …

Published: 02 Apr 2025 at 18:53hrs | 2435 | by Staff reporter

Is it legal to keep US$70,000 cash at home in Zimbabwe?

In recent weeks, Zimbabwe has experienced an alarming increase in armed robbery cases, with criminals specifically targeting individuals and businesses that keep large amounts of cash at their premises or homes. This uptick in robberies ha…

Published: 19 Mar 2025 at 09:58hrs | 831 | by Staff writer

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 depriving the economy of much-needed liqui…

Published: 09 Feb 2025 at 17:40hrs | 6381 | by Staff reporter

Zimbabwean man found with R40,000 cash in SA, forfeited to the state

THE Directorate for Priority Crime Investigation, also known as the Hawks, has secured a forfeiture order against undocumented Zimbabwean man, Gift Mafukidze.Lieutenant-Colonel Lloyd Ramovha, Gauteng spokesperson for the Hawks said Mafukid…

Published: 22 Dec 2024 at 10:44hrs | 402 | by Staff reporter

Zimbabwe's cash reserves cannot cover a month

The Zimbabwe National Chamber of Commerce (ZNCC) has raised alarm over the country's dwindling foreign currency reserves, warning that the current US$540 million is insufficient to cover even a single month of imports, as the nation grappl…

Published: 06 Dec 2024 at 18:10hrs | 650 | by Staff reporter

Surge in US$ cash transactions triggers spike in armed robberies in Zimbabwe

Zimbabwe is experiencing an alarming rise in armed robberies, with the increasing use of US dollar cash transactions making businesses, banks, and individuals prime targets for criminals. Violent attacks on cash-in-transit vehicles, commer…

Published: 27 Nov 2024 at 06:50hrs | 263 | by Staff reporter

Zimbabwe police arrest suspect in cash-in-transit theft case

The Zimbabwe Republic Police (ZRP) has confirmed the arrest of 24-year-old Kelvin Chisandako in connection with the theft of USD 20,000 from a cash-in-transit vehicle on October 16, 2024. The cash, belonging to a private security company, …

Published: 07 Nov 2024 at 13:50hrs | 1675 | by Staff reporter

Reasons why South Africans treat the 13 digit ID number like a qualification

South Africa's green ID book has been used as the country's main identity document for 44 years, during which time it has only received a handful of minor security upgrades. Blacks only started using the ID after 1984 as it was only reserv…

Published: 29 Oct 2024 at 14:20hrs | 1684 | by Staff reporter

South Africa plans to say goodbye to cash?

Despite the surging adoption of contactless payments in South Africa, more than half of the country still relies on cash as their dominant payment method, and the digital divide is slowing the migration to digital currencies.South Africa's…

Published: 29 Oct 2024 at 13:54hrs | 3060 | by Staff reporter

RBZ pumps US$32 million into market

The Reserve Bank of Zimbabwe (RBZ) has infused approximately US$32 million into the interbank foreign exchange market over the past three weeks to stabilize the Zimbabwe Gold (ZiG) currency and address imbalances between foreign currency s…

Published: 27 Oct 2024 at 12:19hrs | 158 | by Staff reporter

Fawcett cash-in-transit guards lose $20k after giving lift to strangers

Police have launched an investigation after US$20,000 was stolen from a cash-in-transit van which was transporting the money from Beitbridge to Mutare on October 16.Four guards from Fawcett Security Company are being interviewed by police …

Published: 18 Oct 2024 at 12:21hrs | 792 | by Staff reporter

Zimbabwe gazettes new limit on cash exports

The Government of Zimbabwe has introduced new regulations setting a maximum limit on the amount of cash that individuals can take out of the country without prior approval from the Reserve Bank of Zimbabwe (RBZ). According to the gazetted …

Published: 08 Oct 2024 at 19:43hrs | 2646 | by Staff reporter

5 guns and US$68,000 stolen in armed robberies

Police are investigating two armed robberies in Esigodini and Harare in which US$45,000 and US$23,000 was stolen respectively.In the raid at the offices of a security company on Lymington Road in Strathaven in Harare, the robbers also stol…

Published: 07 Oct 2024 at 17:04hrs | 1489 | by Staff reporter

Safeguard says not informed it would be moving US$4 million before heist

Security company Safeguard says it was not informed that it would be moving US$4 million by Ecobank before armed robbers seized the cash on a busy Bulawayo street on Thursday.Police said Friday that investigations were in progress and no a…

Published: 05 Oct 2024 at 12:07hrs | 1271 | by Staff reporter

Burnside couple surrenders US$1800 after 1 hour torture

A couple from Burnside suburb in Bulawayo endured an hour of torture at the hands of two masked and armed robbers who reportedly stole US$1800 from them.The robbers, clad in balaclavas and dark sunglasses, were armed with an iron bar and a…

Published: 06 Sep 2024 at 07:45hrs | 744 | by Staff reporter

Zimbabwe urbanites to receive cash transfers by end of next week

The Zimbabwean government is set to begin cash payments for food aid to 1.7 million vulnerable urban residents starting next week, according to Public Service, Labour and Social Welfare Permanent Secretary Simon Masanga. The funds, totalin…

Published: 04 Sep 2024 at 07:48hrs | 192 | by Staff reporter

Fintechs fly planes of cash into Zimbabwe

At least once a month - and sometimes as often as three times a week - a private plane lands in a secure part of Robert Gabriel Mugabe International Airport on the outskirts of the Zimbabwean capital, Harare, carrying millions of US dollar…

Published: 17 Jul 2024 at 17:11hrs | 6716 | by Staff reporter

Mnangagwa releases ZiG 154m for cash transfers to urbanites

The Treasury has released ZiG154 million to the Ministry of Public Service, Labour, and Social Welfare for disbursement to vulnerable persons in urban areas. The funds will be available for withdrawal in two weeks, and the government is fi…

Published: 12 Jul 2024 at 08:09hrs | 9 | by Staff reporter

Zimbabwean concerns over condoms cash drying up next year

At a forum organized by SafAids in Harare, concerns were raised by public health practitioners regarding the potential reversal of HIV prevention progress due to the looming end of international funding for condoms in Zimbabwe. Getrude Ncu…

Published: 23 Jun 2024 at 10:46hrs | 4 | by Staff reporter

Thomas Mapfumo tells Wicknell Chivayo to 'stop soiling my name'

Exiled legendary Zimbabwean musician Thomas Mapfumo has rubbished claims that he is considering returning to Zimbabwe after being offered a US$700,000 package that includes a house, car and cash by controversial businessman Wicknell Chivay…

Published: 20 May 2024 at 08:45hrs | 14 | by Staff reporter

ZiG fails to break Zimbabwe's cash crunch

Informal traders at Harare's Mbare market, a bustling center of commerce generating millions of US dollars weekly, have revealed their ongoing struggle with a cash shortage, hitting women vendors the hardest. The shift to Zimbabwe Gold (Zi…

Published: 18 May 2024 at 12:18hrs | | by Staff reporter

Zimbabweans urged not to keep cash at home

Police have warned businesses against keeping huge sums of money at home and in offices as this was attracting criminals. This comes as the law enforcers have defended the "shoot-to-kill" approach in dealing with armed robbers saying the m…

Published: 08 Mar 2024 at 07:51hrs | 4 | by Staff reporter

Swindlers cash in on UK's certificates of sponsorship

FOR close to two years, Maud Kwembeya (33) - of Zimunya in Mutare - has been harbouring thoughts of one day migrating to the United Kingdom (UK) in search of greener pastures.A vastly experienced nurse aide, Kwembeya desperately wanted to …

Published: 03 Dec 2023 at 10:33hrs | 16 | by Staff reporter

US$1 million cash stolen from Harare home

Police have launched an investigation after a Chinese military contractor lost US$1 million cash that she kept at her Borrowdale Brooke home to thieves.Li Fang, 38, locked her room in the shared house on Villa Drive on November 5 and went …

Published: 16 Nov 2023 at 18:10hrs | 16 | by Staff reporter

Stanbic Zimbabwe rolls out cash deposit machines

Stanbic Bank Zimbabwe is introducing cash deposit machines in US dollars throughout the country as part of its ongoing digital transformation efforts as a leading financial institution.These machines enable individuals to deposit cash into…

Published: 01 Nov 2023 at 17:49hrs | 24 | by Staff reporter

Man steals cash from hair saloon

A Plumtree man was on Monday arraigned before Plumtree magistrate's court Mr Joshua Nembaware facing charges of stealing money from a local hair saloon.Thandolwenkosi Ndlovu (20), of Dingimuzi Township in Plumtree is alleged to have stolen…

Published: 27 Sep 2023 at 18:34hrs | 4 | by Desmond Nleya/ Simbarashe Sithole

Armed robbers seize US$122,000 from cash-in-transit security in Zimbabwe

Two armed robbers pounced on a cash-in transit security company in Bulawayo's Thorngrove suburb where they seized US$122,598 cash.According to police, the suspects were armed with a pistol which they used to attack two men who had gone to …

Published: 17 Aug 2023 at 18:14hrs | 12 | by Staff reporter

Nampak cashes in on Zimdollar scarcity

PACKAGING materials supplier Nampak Zimbabwe says it has benefited from improved United States dollar collections during the third quarter ended June 2023 on the back of constrained local currency liquidity.According to the group's trading…

Published: 16 Aug 2023 at 06:48hrs | 12 | by Staff reporter

Zanu-PF pampers rapist with house, cash

THE ruling Zanu-PF party rewarded convicted rapist Bobby Makaza with a house and a substantial amount of cash during a presidential rally in Mutawatawa, Mashonaland East province, on Saturday.Makaza was sentenced to 16 years in prison by a…

Published: 07 Aug 2023 at 06:42hrs | 16 | by Staff reporter

Mnangagwa dishes cash, cars to ZPRA, Zanla stalwarts

THE Second Republic has rolled out brand new set of wheels to surviving members of the Zimbabwe People's Revolutionary Army (ZPRA) and Zimbabwe African National Liberation Army (Zanla) High Command as President Mnangagwa's government conti…

Published: 23 Jul 2023 at 08:08hrs | 9 | by Staff reporter

Zimbabwean national found with US$153 000 at King Mswati III International Airport

A Zimbabwean national was found with foreign currency equivalent to E2.8 million cash at King Mswati III International Airport.Masiyakurima Agrippa Bopela (Masiya), a losing candidate for National Patriotic Front in Mutare North, entered t…

Published: 04 Jul 2023 at 08:04hrs | 2 | by Staff reporter

Dealer loses gold, cash to robbers

A Chegutu man lost 16 grammes of gold and US$940 cash to four armed robbers who attacked him while he was walking last Friday night.The robbers were travelling in a Honda Fit when they attacked the man.In a statement, national police spoke…

Published: 19 Jun 2023 at 06:40hrs | | by Staff reporter

Cash-strapped Municipality sells old properties

Chegutu Municipality has been forced to sell its dilapidated properties as the local authority swims in financial challenges including a debt overhang.In a meeting with the Combined Chegutu Residents and Ratepayers Association Trust (CCRRA…

Published: 09 Jun 2023 at 06:48hrs | 1 | by Staff reporter

'Use legit sources of receiving cash'

POLICE in Matebeleland South have urged members of the community who receive large sums of money from the diaspora to use legitimate sources of receiving the cash as many people have fallen victim to armed robbers.The province recorded a 3…

Published: 16 May 2023 at 20:43hrs | 3 | by Staff reporter

Cash flush panners prey on vulnerable girls

GOLD panners are reportedly preying on vulnerable young girls in Nkayi District in Matabeleland North by using their financial muscle to quench their sexual appetite on the adolescents thereby exposing them to the risk of contracting HIV a…

Published: 06 Apr 2023 at 06:41hrs | 3 | by Staff reporter

Zimbabwean to lose more than R1.4 million found in car boot at SA police road block

A Zimbabwean man found in possession of R1.4 million, stands to lose the money plus a vehicle which the police seized during his arrest in 2021.This is after the National Director Of Public Prosecutions' (NDPP) Asset Forfeiture Unit (AFU) …

Published: 03 Mar 2023 at 06:59hrs | 7 | by Staff reporter

Passengers lose cash, cellphones to robbers

A gang of four armed robbers in a red Honda Fit registration number AFD8585 offered lifts in Harare and attacked their passengers in two incidents and stole cash, cellphones and valuables.Police have since launched a manhunt for the robber…

Published: 28 Nov 2022 at 04:54hrs | 1 | by Staff reporter

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3 councillors face recall amid CCC factional wars

62,500 Zimbabweans blind from cataracts

The long journey to a digitised, modernised Montrose Studios

One-stop border post at Beitbridge

ZESA to replace old prepaid electricity meters

Missing person alert

Bulawayo hit by 2 armed robberies, losses exceed US$30k

Fast-food levy nets US$1 million for Treasury in 6 months

Process to gazette slashed levies begins

Victoria Falls to host high-stakes conference

2 die in Bulawayo hit-and-runs

Lovers found dead in suspected murder-suicide

Zimbabwe's World Tourism Expo ends on a high note

Zimbabwe's informal economy a risk to anti-money laundering drive

Advocate Mpofu takes on State House security guards

Chinese nationals fined only US$150 for cocaine in the Banana republic

Zimbabwe grain import ban affecting SA farmers

7 dead in Masvingo-Beitbridge road crash

No excuses will end Zimbabwe's electricity shortages without accountability, investment, and reform

Zim schools to introduce anti-sanctions curriculum, from ECD

National Sports Stadium rehab will be completed by year-end

High Court nullifies US$140,000 property sale in divorce dispute

Bulawayo records major HIV decline

Elderly overlooked in HIV prevention

Tagwirei publishes snakebite management guidebook

General Mutamba honoured with Zimbabwe's top policing award

Woman found buried in garden, stepdaughter arrested

Zimbabwe's highways double as drug pipelines

Zimbabwe accelerates school construction drive

Married woman caught pants down

Mnangagwa caps 640 HIT graduates

Zim medics become lifeline for migrants in South Africa

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