Search / Deposit
ALROSA to double investment in Zimbabwe's diamond sector
ALROSA, the world's largest diamond producer by output, has announced plans to double its initial investment in its joint venture with the Zimbabwe Consolidated Diamond Company (ZCDC), in a move that ...Published: 24 Apr 2025 at 07:20hrs | 109 | by Staff reporter
UK firm secures US$5m to fund gold mines in Zimbabwe
United Kingdom-based mining firm Kavango Resources Plc has secured a US$5 million interest-free funding facility from the Comarton Managed Pension Funds' Investments Consortium to accelerate its gold ...Published: 24 Apr 2025 at 07:08hrs | 133 | by Staff reporter
Man arrested for attempted fraud of over ZiG1 Million
Henry Chishanga (39), a man from Chitungwiza, has appeared in court facing allegations of attempting to defraud an insurance company of over ZiG1 million by presenting fake proof of payment for insuri...Published: 16 Apr 2025 at 23:20hrs | 200 | by Staff reporter
'RBZ walks the talk on ZiG'
Zimbabwe's efforts to stabilise its currency and foster price stability are showing significant progress, with foreign currency reserves backing the Zimbabwe Gold (ZiG) surpassing US$600 million, sign...Published: 14 Apr 2025 at 09:20hrs | 3705 | by Staff reporter
Zimbabwe to produce solar panels, lithium batteries
Zimbabwe is set to begin large-scale manufacturing of solar panels and lithium batteries as part of a bold new initiative to boost the country's renewable energy sector. The development follows the re...Published: 14 Apr 2025 at 09:08hrs | 315 | by Staff reporter
Zimbabwe's foreign currency reserves surge as ZiG gains stability
Zimbabwe's efforts to stabilise its local currency, the Zimbabwe Gold (ZiG), have begun yielding tangible results, with the country's foreign currency reserves exceeding US$600 million, the Reserve Ba...Published: 13 Apr 2025 at 12:23hrs | 10258 | by Staff reporter
Banks smile all the way to the bank, while depositors bear cost of high fees
Shareholders in Zimbabwe's banking sector are enjoying robust returns on their investments, as banks continue to post strong profits and declare sizeable dividends. However, concerns are mounting amon...Published: 13 Apr 2025 at 09:46hrs | 630 | 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 ...Published: 13 Apr 2025 at 09:38hrs | 165 | by Staff reporter
Mashonaland to Matebeleland migration worsens Bulawayo water, sewage crisis
Bulawayo City Council has attributed the increasing frequency of sewer bursts to the growing demands placed on the city's infrastructure, driven largely by rural-to-urban migration, which has led to s...Published: 12 Apr 2025 at 09:14hrs | 11651 | by Staff reporter
Zimbabwe explores the use of nuclear energy
Vice President Constantino Chiwenga has reaffirmed the Zimbabwean government's commitment to pursuing nuclear energy, particularly through small modular reactors (SMRs), as part of efforts to build a ...Published: 10 Apr 2025 at 09:05hrs | 77 | by Staff reporter
CCC councillors demand US$4,000 vehicle loan
BULAWAYO City Councillors have controversially resolved to receive US$4,000 each in personal loan facilities for the purchase of vehicles - a move that defies a Government directive and comes at a tim...Published: 06 Apr 2025 at 11:28hrs | 697 | by Staff reporter
Zimbabwean banks face backlash over excessive charges
Zimbabwe's banking sector is celebrating strong financial results, with shareholders across financial institutions enjoying substantial dividend payouts following another profitable year. However, the...Published: 06 Apr 2025 at 11:26hrs | 373 | by Staff reporter
G4S sells South African Cash-in-Transit business
A South African company owned by a former G4S director has received approval from the Competition Commission to acquire G4S's local cash-in-transit (CIT) business. The acquiring entity, Izi Africa, is...Published: 05 Apr 2025 at 16:26hrs | 1453 | by Staff reporter
Gunfire and fear: Bulawayo grapples with a surge in deadly crime
The streets of Bulawayo have become a theatre of escalating gun violence, with a recent spate of chilling incidents raising alarm over public safety and law enforcement's growing vulnerability. The br...Published: 05 Apr 2025 at 08:38hrs | 356 | 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. Th...Published: 02 Apr 2025 at 18:53hrs | 2421 | by Staff reporter
Mnangagwa's regime forces police officers to sign loyalty forms
Zimbabwe Republic Police (ZRP) officers have been compelled to sign loyalty forms affirming their commitment to Commissioner General Stephen Mutamba, NewZimbabwe.com has learned. The forms, which are ...Published: 02 Apr 2025 at 09:10hrs | 522 | by Staff reporter
RBZ to swoop on currency hoarders
The Reserve Bank of Zimbabwe (RBZ) is set to crack down on businesses and individuals hoarding money in cash deposit boxes at banks, homes, and business premises. Authorities are concerned that such p...Published: 02 Apr 2025 at 08:47hrs | 574 | by Staff reporter
5 SA hitmen convicted in Zimbabwe
Five South Africa-based hitmen were convicted on Friday by Harare Magistrate Mr. Stanford Mambanje for their involvement in the kidnapping and assault plot targeting local businessman Mr. Oliver Tenda...Published: 01 Apr 2025 at 08:36hrs | 437 | by Staff reporter
Zimbabweans stay at home on day of planned Geza protests
Police mounted checkpoints on roads leading to major cities and towns on Monday, conducting searches on some vehicles for "dangerous weapons" in anticipation of planned anti-government protests....Published: 31 Mar 2025 at 09:12hrs | 983 | by Staff reporter
Zimbabwean police officers receive unexpected $50 payment?
Unconfirmed reports suggest that members of the Zimbabwe Republic Police (ZRP) have received an unexpected payment of $50 each in their bank accounts just days before nationwide protests against Presi...Published: 29 Mar 2025 at 17:11hrs | 5725 | by Staff reporter
Harare man jailed for forging ex-minister's property title deed
A Harare magistrate has sentenced 48-year-old Prosper Biziweki to three years in prison after convicting him of forging the title deed of former Cabinet minister Dzingai Mutumbuka's house, which was f...Published: 26 Mar 2025 at 06:51hrs | 428 | by Staff reporter
Illegal forex trader shot and robbed in Bulawayo
Bulawayo has been hit by a rise in violent crime, with an illegal foreign currency dealer becoming the latest victim after being shot and robbed of thousands of US dollars by an armed assailant on Mon...Published: 26 Mar 2025 at 06:50hrs | 680 | by Staff reporter
Teachers condemn mandatory civic days to fund Independence Day Celebrations
The Amalgamated Rural Teachers Union of Zimbabwe (ARTUZ) has strongly opposed a government directive mandating schools in Gweru district to hold civic days aimed at raising funds for the upcoming Inde...Published: 26 Mar 2025 at 06:45hrs | 253 | by Staff reporter
Mukuru: Born on a Chimanimani mountain, and now a billion-dollar fintech business
Mukuru was first envisioned by two Zimbabwean entrepreneurs while mountain climbing in Chimanimani in Eastern Zimbabwe. The company later began operations in a bedroom in Cambridge, England in 2004, b...Published: 25 Mar 2025 at 11:55hrs | 3067 | by Staff reporter
Bulawayo socialite arrested in school fees forgery scandal
Bulawayo socialite Brendon Shoko, popularly known as “Breezy,” has been arrested for alleged forgery in a scandal involving his girlfriend and an accomplice.Shoko (28) allegedly conspired ...Published: 21 Mar 2025 at 09:16hrs | 429 | 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 premise...Published: 19 Mar 2025 at 09:58hrs | 781 | by Staff writer
Bulawayo woman remanded over US$24 000 theft during armed robbery incident
Nothando Banana (35), a resident of Bahram Green suburb in Bulawayo, has been further remanded in custody after appearing in court for her alleged role in a theft during an armed robbery incident that...Published: 13 Mar 2025 at 09:52hrs | 1821 | by Staff reporter
Mudenda rejects coal mining proposal inside Hwange National Park
Speaker of Parliament, Jacob Mudenda, has firmly rejected a proposal to conduct coal mining within Zimbabwe's Hwange National Park, emphasizing that alternative coal-rich areas are available elsewhere...Published: 13 Mar 2025 at 07:44hrs | 892 | by Staff reporter
ZRP duped in US$850,000 sleeping bags deal
A Harare-based company, Printmill Private Limited, is at the center of a fraud investigation after allegedly duping the Zimbabwe Republic Police (ZRP) of US$850,000 in a botched deal for the supply of...Published: 09 Mar 2025 at 13:17hrs | 235 | by Staff reporter
Zimbabwe central bank urges banks to increase ZiG lending
With the Zimbabwe Gold (ZiG) currency now largely stable, the Reserve Bank of Zimbabwe (RBZ) has urged banks to increase lending in ZiG, assuring financial institutions that the risk of depreciation h...Published: 01 Mar 2025 at 08:56hrs | 205 | by Staff reporter
Funds embezzlement scandal at Khumalo Primary School
Khumalo Primary School headmistress Stella Mhlanga and two other school officials are facing allegations of embezzling US$12,000 from the school's funds through under-banking and other fraudulent acti...Published: 27 Feb 2025 at 11:43hrs | 1455 | by Stephen Jakes
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: 22 Feb 2025 at 09:24hrs | 169 | by Staff reporter
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 | 1526 | by NewsHawks
Businessman loses US$8,000 to bogus VID officer
A businessman in Zhombe has been defrauded of US$8,000 by a fake Vehicle Inspection Department (VID) officer who falsely claimed to be in charge of disposing vehicles forfeited to the State.Mi...Published: 18 Feb 2025 at 14:26hrs | 1203 | 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 | 1532 | 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 | 579 | 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 | 1250 | by Staff reporter
Geza embroiled in fraud and intimidation scandal
Controversial war veteran, Blessed Geza, finds himself at the center of a fraud, perjury, and corruption scandal after failing to pay US$1,250,000 for a piece of land in Harare. Geza, who is embroiled...Published: 11 Feb 2025 at 06:41hrs | 1779 | by Staff reporter
Zimbabwe Parliament resumes sitting
Parliament of Zimbabwe officially resumes sitting today after nearly two months of recess, with a significant legislative workload awaiting legislators. The two houses had adjourned in December last y...Published: 11 Feb 2025 at 06:39hrs | 242 | 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 | 497 | by Staff reporter
Zimbabwe police officer embezzles US$623 000
A Zimbabwe Republic Police (ZRP) officer, Isaac Chigidora (28), who oversaw administration and human resources for the ZRP Consolidated Fund, has been charged with embezzling a staggering US$623,462.7...Published: 10 Feb 2025 at 06:36hrs | 763 | 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 | 6348 | 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 | 3932 | 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 | 183 | by Staff reporter
Zimbabwe central bank goes after informal traders forex, exporters' proceeds
The Reserve Bank of Zimbabwe (RBZ) has announced a further reduction in export retention proceeds, cutting them by an additional 5%, as part of measures aimed at boosting foreign currency reserves and...Published: 07 Feb 2025 at 06:43hrs | 1183 | by Staff reporter
Promising findings from Gwanda mining claims
Canadian mining company Pambili Natural Resources Corporation has revealed promising findings from its London Wall group of gold mines and claims in the Gwanda district of Matabeleland South, Zimbabwe...Published: 07 Feb 2025 at 06:37hrs | 309 | by Staff reporter
Zimbabwe raises savings rates, cuts POS charges
The Reserve Bank of Zimbabwe (RBZ) has introduced a series of bold monetary policy measures aimed at promoting the use of the Zimbabwe Gold (ZiG) currency and enhancing economic stability. These measu...Published: 07 Feb 2025 at 06:35hrs | 392 | by Staff reporter
Zimbabwe central bank cuts exporter retention threshold
The Reserve Bank of Zimbabwe (RBZ) has reduced exporters' foreign currency retention threshold from 75% to 70% as part of efforts to promote the use of the domestic currency, the Zimbabwe Gold (ZiG), ...Published: 07 Feb 2025 at 06:34hrs | 164 | by Staff reporter
3 men in court for 'swapping' gold with counterfeit button
Three men have been charged with defrauding a gold panner of gold worth US$1,858 by swapping a genuine smelted gold button with a counterfeit one. Aleck Ngoni Pangazira (38), Simbarashe Karimupfumbi (...Published: 06 Feb 2025 at 07:20hrs | 128 | by Staff reporter
Emerging markets opening up away from the UK as regulations continue to hit the casino industry
When an entertainment avenue enjoys such a meteoric rise into the limelight, it can be easy to be swept along with the success of it. For the iGaming industry, the past years have proved extremely fru...Published: 30 Jan 2025 at 21:21hrs | 51 | by Staff reporter
Load More Stories
