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Stanbic Bank expands its ATM network
Harare, 24 July 2024 - Stanbic Bank Zimbabwe has embarked on an exercise to expand its Automated Teller Machines (ATMs) in response to growing client demands.The move by the leading financial ...Published: 24 Jul 2024 at 09:01hrs | 179 | by Agencies
ZiG acceptance grows across Zimbabwe economy
The Reserve Bank of Zimbabwe (RBZ) has observed a growing acceptance of the local currency, ZiG, by both businesses and individuals, which aligns with the central bank's efforts to stabilize the econo...Published: 24 Jul 2024 at 08:54hrs | 1900 | by Staff reporter
Zimbabwe diaspora remittances up 17%
In the first quarter of the year, diaspora remittances to Zimbabwe surged by 17%, reaching US$490 million compared to US$420 million during the same period in 2023. This increase in remittances is see...Published: 18 Jul 2024 at 06:41hrs | 159 | by Staff reporter
NetOne's going concern status at risk
NetOne Private Limited, a telecommunications company in Zimbabwe, has been identified as technically insolvent and at risk of being unable to sustain its operations, according to a recent report. Rele...Published: 17 Jul 2024 at 06:51hrs | 614 | by Staff reporter
Zimra's unaccounted deposits cause tax woes
The Zimbabwe Revenue Authority (Zimra) received $101.54 billion in unaccounted deposits from clients in 2023, creating an administrative challenge that led to unnecessary penalties and interest on tax...Published: 15 Jul 2024 at 16:42hrs | 4136 | by Staff reporter
VBS looter released on parole
Former VBS Mutual Bank's chief financial officer Phillip Truter was released on parole after he was sentenced to 10 years in jail in 2020. Speaking to broadcaster Newzroom Afrika on Monday, De...Published: 15 Jul 2024 at 11:57hrs | 457 | by Staff reporter
The Ultimate Guide to Esports Betting on 1xbit1.com
Esports betting has become popular among users worldwide. It is an excellent opportunity to earn some money, while making bets on esport games. 1xbit1 is a good platform, where you can have such an ex...Published: 09 Jul 2024 at 12:25hrs | 26 | by Staff Reporter
Senior citizen defrauds pension office
In Plumtree, a 63-year-old woman named Tshiyiwe Ndlovu has been convicted of defrauding the pension office of over US$2,000. She pleaded guilty before magistrate Jo...Published: 05 Jul 2024 at 11:33hrs | | by Staff reporter
Econet extends smartphone credit scheme to civil servants
Econet Wireless Zimbabwe has expanded its 'Kancane Kancane' smartphone credit scheme to include civil servants, enabling them to acquire new smartphones without upfront deposits. Kezito Makuni...Published: 04 Jul 2024 at 10:27hrs | 3 | 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 | 1 | by Staff reporter
Ex-Zimra staffer falsified import of over 400 cars
Yvonne Tambudzai Musoni, a former employee at the Zimbabwe Revenue Authority (Zimra), allegedly hacked her supervisor's electronic signature to fraudulently approve the importation of over 400 vehicle...Published: 03 Jul 2024 at 10:23hrs | 3 | by Staff reporter
EcoCash to invest in banking technologies
EcoCash Holdings Zimbabwe Limited (EcoCash) plans to invest in technologies to expand its banking unit, Steward Bank, after transferring its fintech firms to Econet Wireless Zimbabwe. This move was ap...Published: 02 Jul 2024 at 11:16hrs | 4 | by Staff reporter
Policeman loses US$5 700 to Be Forward agent
A BE FORWARD agent based in Harare, Forget Mguza, has been taken to court for allegedly defrauding a police officer of US$5,700 under the pretense of helping him import a car. The incident occ...Published: 02 Jul 2024 at 10:35hrs | 3 | by Staff reporter
Fugitive ex-Zimra officer's property frozen
Former Zimbabwe Revenue Authority official, Tambudzai Yvonne Musoni, who is currently on the run, has been barred from selling or transferring her family house at Mabvazuva Estate and had US$47,500 in...Published: 02 Jul 2024 at 06:27hrs | 3 | by Staff reporter
IMF says Zimbabwe's economy continues to show resilience
In light of new policy developments, an International Monetary Fund (IMF) staff team led by Mr. Wojciech Maliszewski conducted a second mission to Harare during June 18-27, 2024, to conclude the 2024 ...Published: 28 Jun 2024 at 13:01hrs | 2 | by Staff reporter
Zimbabwe's central bank projects 5% annual inflation
The Reserve Bank of Zimbabwe (RBZ) anticipates annual inflation to decline sharply to just 5% by the end of the year, supported by stability in the Zimbabwe Gold (ZiG) currency and exchange rates. ...Published: 28 Jun 2024 at 07:45hrs | 2 | by Staff reporter
Tackling Zimbabwe's property price surge
The Zimbabwean property market is facing significant challenges, marked by skyrocketing property prices that seem incongruous when compared to those in neighbouring South Africa.These challeng...Published: 24 Jun 2024 at 10:13hrs | 2 | by Dr Bekithemba Mpofu
ZACC accused of shielding Wicknell Chivayo
Zimbabwe police launch blitz on rowdy toutsThe Zimbabwe Republic Police (ZRP) has launched a nationwide crackdown on touts in an effort to restore order and protect travellers. Police spokesperson...Published: 23 Jun 2024 at 10:37hrs | | by Staff reporter
Zimbabwe's new dinosaur discovery: inside the unique find
VISITORS to Lake Kariba - the world's largest man-made lake, along the border between Zambia and Zimbabwe - come to enjoy the abundant wildlife, fine fishing or spectacular scenery.However, in...Published: 17 Jun 2024 at 09:09hrs | | by Staff reporter
Dexter Nduna, two others acquitted of illegally prospecting for gold
Former Zanu-PF Chegutu Member of Parliament, Dexter Nduna, along with two co-accused individuals, has been acquitted of charges related to illegal prospecting for minerals without a license. The verdi...Published: 15 Jun 2024 at 11:06hrs | | by Staff reporter
Zimbabwe Railways can't access its mining claims in SA
Zimbabwe and South Africa are facing potential diplomatic tension over mining claims jointly owned by the National Railways of Zimbabwe (NRZ) and sister companies in South Africa and Zambia. These cla...Published: 12 Jun 2024 at 06:46hrs | | by Staff reporter
Zimbabwe is hardly undiscovered ground for the world's miners
Zimbabwe has huge amounts of unexplored and underexploited mineral resource potential and the world's resource companies could be lining up to rebuild Zimbabwe's once-mighty gold mines and metal refin...Published: 11 Jun 2024 at 09:59hrs | 3 | by Staff reporter
UK exploration company to acquire mine in Zimbabwe
Ariana Resources Plc, a UK-based precious metals exploration company, has agreed to acquire a 100% stake in Zimbabwe's Dokwe Mine. This acquisition complements Ariana's primary operations in T...Published: 08 Jun 2024 at 20:48hrs | 1 | by Staff reporter
Sangoma in soup over fake money in Zimbabwe
Misheck Ncube, a Bulawayo traditional healer, faced court charges for possessing counterfeit USD and South African Rand notes at his Cowdray Park residence. Allegedly, Ncube deceived clients d...Published: 06 Jun 2024 at 08:03hrs | | by Staff reporter
Dupute Warriors need you
The South African-based Rhumba group Dupute Warriors will be releasing a single on Friday 7th of June 2024 mainly to raise fund for its upcoming album.With eight albums to their name, Dupute W...Published: 04 Jun 2024 at 14:23hrs | | by Staff reporter
Tshabangu faction gets CCC political party funds
The Citizens Coalition for Change (CCC) faction led by Professor Welshman Ncube has secured the opposition party's share of government funds allocated under the Political Parties (Finance) Act. This r...Published: 02 Jun 2024 at 09:05hrs | | by Staff reporter
Chivayo hijacks US$40m corrupt ZEC deal
CONTROVERSIAL businessman Wicknell Chivayo, who is close to President Emmerson Mnangagwa and other high-profile government officials, corruptly got a windfall from a murky Zimbabwe Election Commission...Published: 28 May 2024 at 12:47hrs | 2 | by Staff reporter
Nigerian billionaire Zimbabwe deals falter amid capital problems
WITH the help of Zimbabwean authorities who supported him amass platinum, gold, lithium, iron ore, tin and some rare earth mineral concessions, it first appeared like he was going far.At some poin...Published: 28 May 2024 at 12:46hrs | | by Staff reporter
Mohadi 'summons' Kazembe
The ongoing mine dispute involving Kazembe Kazembe, the Minister of Home Affairs and Cultural Heritage and Zanu-PF Mashonaland Central provincial chairperson, has entered a new phase. Former employees...Published: 24 May 2024 at 08:54hrs | 1 | by Staff reporter
Africa must move with time
As we commemorate Africa Day, we need to reflect on the potential the continent has and devise ways to improve on our weaknesses and make the continent great.Africa is often referred to as a "...Published: 23 May 2024 at 19:18hrs | | by Leonard Koni
'Forex dealer' granted bail
Rangarirai Chimbamba, an alleged illegal foreign currency dealer, has been granted bail by the Harare High Court.According to the National Prosecuting Authority of Zimbabwe (NPAZ), Chimbamba h...Published: 21 May 2024 at 08:16hrs | | by Staff reporter
Ex-Zipra fighter receives mysterious US$400 windfall
A former Zimbabwe People's Revolutionary Army (Zipra) liberation war veteran, Godfrey Mlalazi, who recently raised concerns about a prominent insurance company offering him a meager ZiG200 and US$50 a...Published: 20 May 2024 at 07:53hrs | | by Staff reporter
Zimra faces parly probe
ZIMBABWE may have lost potential revenues running into millions of United States dollars due to lax systems at the Zimbabwe Revenue Authority (Zimra), which is now facing parliamentary probe.T...Published: 19 May 2024 at 12:21hrs | 2 | by Staff reporter
Zimbabwe govt must support ZiG currency through raft of solid measures
THE Reserve Bank of Zimbabwe (RBZ) has been urged to implement a raft of measures, including fiscal discipline, public consultation and policy consistency, if the newly introduced Zimbabwe Gold (ZiG) ...Published: 19 May 2024 at 11:55hrs | | by Staff reporter
Zanu PF official arrested for forgery and fraud
A former Zanu PF councillor and unsuccessful parliamentary candidate has been apprehended for fraud, accused of forging land ownership documents in an attempt to claim mining rights at a farm near Gwe...Published: 18 May 2024 at 13:04hrs | 2 | by Staff reporter
Tshabangu Senator's wife deregistered by Law Society
The Law Society has officially revoked the registration of Doreen Vundhla Phulu, the spouse of Senator Kacaca Phulu, who was appointed by Sengezo Tshabangu. Richard Chidza, the spokesperson for the La...Published: 18 May 2024 at 12:01hrs | 2 | by Staff reporter
London firm targets bulk-mining in Zimbabwe
Kavango Resources, a metal exploration company listed on the London Stock Exchange, is focusing on consolidating bulk-mining efforts to boost gold production in Zimbabwe, according to a report by News...Published: 18 May 2024 at 11:06hrs | | by Staff reporter
Bulawayo housing scammer arrested
POLICE in Bulawayo have arrested a man who allegedly moved around the city scamming several residents of money promising them houses to rent, which, however, were never availed.Gerald Sibanda,...Published: 16 Apr 2024 at 07:55hrs | 1 | by Staff reporter
Zimbabweans told to approach banks for ZiG, USD
The Reserve Bank of Zimbabwe has enough reserves to satisfy the foreign currency requirements of all legitimate businesses and no company needs to go to the black market to pay for imports, RBZ Govern...Published: 12 Apr 2024 at 09:47hrs | | by Staff reporter
Annual independent external audit for RBZ reserves
Independent external auditors shall audit Reserve Bank of Zimbabwe (RBZ) precious minerals and foreign currency reserves backing the country's new currency, Zimbabwe Gold (ZiG), once a year as part of...Published: 11 Apr 2024 at 08:32hrs | 2 | by Staff reporter
Zimbabwe to maximise on oil discovery
Zimbabweans will be the primary beneficiaries of the recent oil and gas discoveries in Muzarabani and to this end, the Second Republic is in the process of establishing mechanisms to ensure the countr...Published: 10 Apr 2024 at 06:00hrs | | by Staff reporter
Mnangagwa to commission two small mines
PRESIDENT Mnangagwa will commission two new mines this week - Pickstone Peerless' underground gold mine project in Chegutu today, and Kamativi Lithium Mine near Hwange in Matabeleland North on Friday....Published: 10 Apr 2024 at 05:59hrs | | by Staff reporter
UK Certificate of Sponsorship agent up for fraud
A SUSPECTED bogus United Kingdom Certificate of Sponsorship agent was yesterday dragged to the Harare Magistrates' Courts for allegedly defrauding a client of US$5 100 after promising to facilitate th...Published: 09 Apr 2024 at 06:21hrs | | by Staff reporter
Half ZiG and coins to start circulating on April 30
The Reserve Bank of Zimbabwe (RBZ) in the 2024 Monetary Policy Statement introduced a new "structured currency" termed ZiG (Zimbabwe Gold) on April 5. A "structured currency" is a currency tha...Published: 07 Apr 2024 at 21:08hrs | | by Staff reporter
How Mushayavanhu just removed zeroes from dying currency
Reserve Bank of Zimbabwe governor John Mushayavanhu has issued his maiden monetary policy statement, bringing with him a new gold-backed currency and promises to end the money-printing that tanked the...Published: 07 Apr 2024 at 10:19hrs | | by Staff reporter
Bogus Zimra officer in court
A HARARE man was duped by a bogus Zimbabwe Revenue Authority (Zimra) official that he had engaged to facilitate payment of duty for his car from south Africa.Thomas Mangeren (40) appeared befo...Published: 07 Apr 2024 at 10:13hrs | 1 | by Staff reporter
RBZ scraps bank charges for low-cost accounts
IN a move meant to encourage a culture of banking, the Reserve Bank of Zimbabwe (RBZ) has announced the scrapping of bank charges for low-cost accounts.Presenting his first Monetary Policy Sta...Published: 07 Apr 2024 at 10:06hrs | | 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 | | by Staff reporter
Kamambo acquitted
FORMER Zimbabwe Football Association(ZIFA) president Felton Kamambo, who was accused of bribing his way to the presidency of the football motherbody, has been acquitted by the courts.Regional ...Published: 06 Apr 2024 at 12:33hrs | | by Staff reporter
AfDB to fund a $250 million gold mine in Zimbabwe
THE African Development Bank (AfDB) has shown great interest in funding Caledonia Mining Corporation's planned $250 million gold mine in Zimbabwe.The information was relayed by the company's c...Published: 06 Apr 2024 at 08:16hrs | | by Staff reporter
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