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Ecocash loses ZWG 148,7 million in conversion to new currency
Ecocash Holdings Zimbabwe Limited, a leading diversified digital solutions group, has reported a loss of ZWG 148.7 million following the transition to the newly introduced ZWG currency, which was intr...Published: 10 hrs ago | 484 | by Staff reporter
Kuvacash CEO up for US$286,000 theft
James Saruchera, the co-founder of global cash remittance start-up Kuvacash Private Limited, appeared in court on Tuesday, facing charges of defrauding a client of US$286,000 in a failed property tran...Published: 12 Nov 2024 at 11:11hrs | 1015 | by Staff reporter
Mnangagwa's adviser says ZiG is 'doomed', warns RBZ Governor
Local economist and adviser to President Emmerson Mnangagwa, Eddie Cross, has issued a stark warning to Reserve Bank of Zimbabwe (RBZ) Governor John Mushayavanhu, cautioning that the country's new Zim...Published: 15 Oct 2024 at 18:10hrs | 5661 | by Staff reporter
An Open Letter to Finance Minister Mthuli Ncube
Dear Finance Minister Mthuli Ncube,As you navigate the complexities of Zimbabwe's economic landscape, a pressing matter deserves your urgent attention: the persistent depreciation of the Zimba...Published: 27 Sep 2024 at 22:51hrs | 841 | by Engineer Jacob Kudzayi Mutisi
Bulawayo malls deserted
Nokulunga Mlalazi, an airtime vendor at Nkulumane Complex in Bulawayo for over two decades, has witnessed the decline of this once-bustling shopping center. Built in the late 1990s by Old Mut...Published: 12 Sep 2024 at 07:13hrs | 1052 | by Staff reporter
90% of Zimbabwe adults in the informal sector
Millions of adult Zimbabweans have been driven into the informal business sector due to the declining formal market, according to a recent statement from the Coalition for Market and Liberal Solutions...Published: 11 Sep 2024 at 08:53hrs | 161 | by Staff reporter
Bulawayo's daytime sex work solicitation raises concerns
Bulawayo's downtown is witnessing a shift in the landscape of sex work, with sex workers establishing a noticeable daytime presence. This trend has raised concerns among residents and property owners,...Published: 20 Jul 2024 at 11:46hrs | 1032 | by Staff reporter
Comprehensive Review of Solana's Network Security Measures
Overview As a critical element of its network architecture, security has been given top priority by Solana, a rapidly emerging competitor in the blockchain ...Published: 18 Jul 2024 at 14:51hrs | 191 | by Staff Reporter
Zimbabwe's currency will remain fully backed by gold reserves
Zimbabwe's government will stick to what it promised when it launched a new currency in April by ensuring it remains fully backed by reserves, the central bank governor told Reuters on Wednesday, addi...Published: 18 Jul 2024 at 09:20hrs | 748 | by Staff reporter
Mafume, 2 directors named in corrupt rental of bars
Harare Mayor Jacob Mafume and two Rufaro Marketing Private Limited directors, Juma Ulete and Ngoni Chimbalu, have been implicated in rampant corruption and abuse of office within the Harare City Counc...Published: 18 Jul 2024 at 06:26hrs | 483 | 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,...Published: 17 Jul 2024 at 17:11hrs | 6712 | by Staff reporter
Conductive polymers for heated seats in outdoor stadiums
Wouldn’t it be nice to watch an exciting game and remain warm even if it is freezing outside? This concept of heated seats in outdoor stadiums has made this a possibility. Heated seats, just like ...Published: 12 Jul 2024 at 10:57hrs | 107 | by Staff Reporter
Chinese national in court for US$212 165 theft
A Chinese man, Wang Zhiming (29), appeared in court in Harare facing a theft charge for allegedly stealing US$212,165 from his employer. The charge against him is theft of trust property. He was reman...Published: 03 Jul 2024 at 10:27hrs | 3 | by Staff reporter
Chimombe, Mpofu locked up over botched Presidential Goat Scheme
Mike Chimombe and Moses Mpofu, controversial businessmen, have been remanded to prison pending their bail determination after appearing before Harare magistrate Marewanazvo Gofa. The court upheld the ...Published: 27 Jun 2024 at 06:59hrs | 24 | 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 | 44 | by Staff reporter
Remittances and FDI: Harmonizing Zimbabwe's economic strategies for sustainable growth
Zimbabwe's economy stands at a critical juncture, grappling with deep-seated challenges such as systemic unemployment, volatile currency fluctuations, and an uncertain business climate. Within this pr...Published: 18 May 2024 at 15:27hrs | 13 | by Dr Bekithemba Mpofu
Retailers, service providers switch to ZiG prices
SEVERAL businesses and key service providers had by yesterday successfully converted prices of their goods and services to the new Zimbabwe Gold (ZiG) currency to ensure smooth consumer transactions....Published: 10 Apr 2024 at 06:02hrs | | by Staff reporter
ZSE rebases bourse to reflect ZiG
THE Zimbabwe Stock Exchange (ZSE) is re-basing all its indices following the introduction of a new currency, Zimbabwe Gold (ZiG), last week.ZSE said all the ZSE indices would be re-based to 10...Published: 09 Apr 2024 at 06:22hrs | | by Staff reporter
Foreign currency dealers ditch trading spots
MOST illegal money changers popularly known as "Osiphatheleni" have abandoned their traditional trading spots in Bulawayo following the launch by the Government of the new gold-backed currency, the Zi...Published: 09 Apr 2024 at 06:20hrs | 3 | by Staff reporter
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 | 1 | by Staff reporter
Zimbabweans urged to have confidence in new currency
Measures announced by Reserve Bank of Zimbabwe (RBZ) Governor Dr John Mushayavanhu in his maiden monetary policy statement on Friday should go a long way in containing prices and reducing inflation, a...Published: 08 Apr 2024 at 10:43hrs | | by Staff reporter
Zimbabwe's new currency chaos
ZIMBABWEAN consumers were yesterday left stranded after businesses suspended trading using the Zimbabwe dollar following the introduction of a new currency on Friday.Reserve Bank of Zimbabwe (...Published: 07 Apr 2024 at 10:35hrs | | by Staff reporter
Zimbabwe's new currency notes out this week
ZIMBABWEANS were transacting exclusively in United States dollars yesterday as the country began transitioning to the new currency — Zimbabwe Gold (ZiG) — following unveiling of the new gold-backe...Published: 07 Apr 2024 at 10:06hrs | 1 | by Staff reporter
Mnangagwa keeping Zim dollar to oppress Zimbabweans!
Why is the Zimbabwe government so adamant in holding on to a useless currency?On what logic would anyone believe that it is a good idea to continue using money that loses its value nearly on a...Published: 06 Mar 2024 at 23:33hrs | | by Tendai Ruben Mbofana
Bread shoots to US$1,30 in Zimbabwe
PRICES of most basic commodities, particularly food items, have surged by more than 30% since last year as the Zimbabwe dollar continues to lose value against the greenback.The new 15% value-added tax...Published: 22 Jan 2024 at 10:02hrs | 25 | by Staff reporter
Bulawayo Polytechnic students protest USD fees
Students at the Bulawayo Polytechnic are up in arms with the institution over its demand that they pay fees in United States Dollars (USD).This demand, said the students, violates the governme...Published: 11 Jan 2024 at 15:19hrs | 11 | by Staff reporter
Headmasters confront govt over Zimdollar salaries
HEADMASTERS from government schools across Zimbabwe have put their employer on notice to press for United States dollar salaries starting from the forthcoming term.School heads and teachers ar...Published: 03 Jan 2024 at 05:30hrs | 7 | by Staff reporter
Zimbabwe govt urged to dollarise pensions
THE Zimbabwe National Union of School Heads (Zinush) has pleaded for the dollarisation of pensions as inflation continues to eat away the life savings of educators, condemning many to poverty after ye...Published: 27 Dec 2023 at 07:32hrs | 12 | by Staff reporter
Civil servants get final bonus payment
The first group of civil servants started receiving the second and final payment of their annual bonus yesterday as per agreement with the employer as the Second Republic continues to walk the talk on...Published: 13 Dec 2023 at 05:12hrs | | by Staff reporter
Our natural resources are our taxes
Dear Finance Minister, Prof Mthuli NcubeSurely, why the 1% property tax, let us tax our minerals. Zimbabwe is considered rich in minerals because it possesses significant quantities of v...Published: 09 Dec 2023 at 14:15hrs | 12 | by Engineer Jacob Kudzayi Mutisi
Ex-minister released from prison, suffers another blow
The Zanu-PF Mashonaland East provincial leadership has prohibited former Public Service minister Petronella Kagonye from carrying out party activities following her release from prison.Kagonye...Published: 06 Dec 2023 at 05:06hrs | 8 | by Staff reporter
Zimbabwe-listed companies get leeway to report financials in US dollars
Zimbabwean companies listed on the stock exchange are now permitted to present their financial statements in US dollars due to the swift dollarization of the economy. The CEO of the Zimbabwe Stock Exc...Published: 12 Oct 2023 at 18:21hrs | | by Staff reporter
Zimbabwe on high alert for avian flu
Surveillance measures have been intensified along the borders of Zimbabwe in response to the emergence of a novel, highly pathogenic avian influenza (HPAI) strain, recently identified in South Africa....Published: 26 Sep 2023 at 06:09hrs | 1 | by Staff reporter
Zanu-PF 'vandalises' CCC-linked projects
Zanu-PF supporters have been accused of vandalising infrastructure and disrupting developmental projects suspected to be linked to sitting Citizens Coalition for Change (CCC) councillors and legislato...Published: 23 Jul 2023 at 11:10hrs | 7 | by Staff reporter
'Zimbabwe may begin power exports'
AS the power crisis eased in the past month, Ministry of Energy and Power Development permanent secretary Gloria Magombo (GM) says the country should start power exports next year. Indications of this...Published: 08 Jul 2023 at 10:02hrs | 8 | by Staff reporter
74 estate agents blacklisted over dodgy deals
The Estate Agents Council of Zimbabwe (EACZ) has blacklisted 74 real estate companies operating in parts of the country for failure to register with the council and crimes such as fleecing unsuspectin...Published: 06 Jul 2023 at 19:51hrs | 26 | by Staff reporter
RBZ begins digital dollar dry-run
The Reserve Bank of Zimbabwe (RBZ) has begun a dry-run to test the feasibility of a digital currency backed by gold that will be accepted as a legal tender for peer to peer and peer to business transa...Published: 06 Jul 2023 at 17:23hrs | | by Staff reporter
Mnangangwa's full speech at yesterday's Bulilima rally
WHEN Jesus was born the three wise men came from the East, Zanu-PF has wise men, they are the chosen ones who were instructed by Jehovah to fight this war of liberating the country.You who are...Published: 02 Jul 2023 at 07:42hrs | 11 | by Dambudzo Mnangagwa
A vote to remain masters of our own destiny
Here we reproduce excerpts of President Mnangagwa's speech to Zanu-PF supporters at Nyele Primary School in Bulilima, Matebeleland South province, yesterday.SalutationsWhen Jesus was b...Published: 02 Jul 2023 at 07:39hrs | 14 | by Emmerson Dambudzo Mnangagwa
UK spurns Zimbabwe metal driver's licences?
THE UK's Driver's Vehicle Licensing Authority (DVLA) is refusing to convert the licences saying the old metal licences no longer meet the criteria set by the Central Vehicle Registry (CVR) in Zimbabwe...Published: 26 Jun 2023 at 06:48hrs | 47 | by Staff reporter
Fraudster nominated for Nketa seat?
Obert Manduna who was once accused of misappropriating more than $12 000 in school funds has been nominated to stand as a Member of Parliament for Nketa in the coming elections. Manduna ...Published: 21 Jun 2023 at 08:38hrs | | by Staff reporter
Bongani Mafu praises Knox Mutizwa
HISTORY making former Bosso striker Knox Mutizwa has come up for praises by coach Bongani Mafu.Mafu worked with Mutizwa during the 2015 and 2016 seasons.The coach is credited with conv...Published: 19 Jun 2023 at 06:43hrs | | 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 | | by Staff reporter
Zimdollar not going anywhere
THE Treasury has assured the market of continued usage of the local currency and that deliberate steps are being taken to strengthen its value so as to restore consumer purchasing power and buttress t...Published: 29 May 2023 at 06:32hrs | | by Staff reporter
Suspended Nssa boss mired in US$353 000 luxury cars scandal
SUSPENDED National Social Security Authority (Nssa) boss Arthur Manase was removed partly due to a scandal over two top-of-the-range cars valued US$353 000 which he bought in violation of company poli...Published: 28 May 2023 at 17:22hrs | | by Staff reporter
Bitcoin's role in the rise of Decentralized Finance (DeFi)
Decentralized Finance (DeFi) has taken the world by storm in recent years, with more and more investors turning to blockchain-based financial systems to take advantage of the numerous benefits they pr...Published: 24 May 2023 at 09:38hrs | 3 | by Staff Reporter
The Rise of Binance Coin: Why you should consider converting BTC to BNB
So you've heard of Binance Coin (BNB) and you're wondering why you should convert Bitcoin (BTC) to BNB. In this article, we will look at the advantages of such an exchange....Published: 23 May 2023 at 14:28hrs | 10 | by Staff Reporter
Mnangagwa in spotlight over the massive Nssa corruption
THE National Social Security Authority (Nssa) has presented its forensic audit which unearths corruption and names individuals implicated in the pensions fund's latest scandals to the Office of the Pr...Published: 22 May 2023 at 08:11hrs | 3 | by Staff reporter
Anger mounts in Zimbabwe as prices rocket
ZIMBABWE'S currency further crashed this week, precipitating waves of basic commodity price hikes, which were slammed by consumer watchdogs.In a survey, the Zimbabwe Independent found that man...Published: 19 May 2023 at 20:42hrs | | by Staff reporter
Zimbabwe to convert coal to fertiliser
A Zimbabwean government-owned entity, Verify Engineering, is preparing to use locally available coal to develop ammonia-based fertilisers as the country ramps up agricultural productivity."We ...Published: 14 May 2023 at 12:42hrs | 22 | by Takudzwa Changadeya
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