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ZSE outshines VFEX in wealth creation
The Zimbabwe Stock Exchange (ZSE) has emerged as the preferred investment destination for those seeking wealth creation, surpassing the foreign currency-denominated Victoria Falls Stock Exchange (VFEX...Published: 26 Sep 2024 at 13:37hrs | 61 | by Staff reporter
Kumalo appointed as new chairperson
Zimplow Holdings Limited has appointed Benjamin Nkosentya Kumalo as its new chairperson, effective July 31, 2024, following the resignation of Godfrey Tsikayi Manhambara at the end of July. ...Published: 21 Aug 2024 at 07:21hrs | 499 | by Staff reporter
Standard Chartered Bank Zimbabwe changes name
FBC Holdings has officially renamed its newly acquired Standard Chartered Bank to FBC Crown Bank, according to regulatory authorities. FBC Crown Bank will function semi-autonomously as a subsi...Published: 04 Aug 2024 at 15:19hrs | 1139 | by Staff reporter
Zimbabwean truck drivers disappear with load of maize in SA
TWO Zimbabwean truck drivers have disappeared with a staggering 68 tonnes of maize in South Africa.The incident exposed by Vehicle Trackers on it's X account (formerly Twitter) occurred during...Published: 10 Jul 2024 at 12:44hrs | 40 | by Staff reporter
NetOne loses ZiG285 000 to hacker
NetOne Cellular allegedly lost ZiG285,817 to a suspected hacker who exploited the RTGS to ZiG currency conversion from April this year. Takunda Gwaranda (21) appeared before Harare magistrate Mr. Denn...Published: 28 Jun 2024 at 07:39hrs | 6 | 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
Mnangagwa given five days to reverse decision
Zimbabwe National Students Union (Zinasu) co-leaders Nesbert Munyuki and Valentine Ziko have written to President Emmerson Mnangagwa challenging his appointment of top banker John Mushayavanhu as new ...Published: 07 Apr 2024 at 11:27hrs | 12 | by Staff reporter
RBZ boss appointment challenged in court
PRESIDENT Emmerson Mnangagwa's appointment of veteran bank John Mushayavanhu as the new Reserve Bank of Zimbabwe (RBZ) governor has been challenged by two university students, who allege that it contr...Published: 07 Apr 2024 at 10:33hrs | | by Staff reporter
John Mushayavanhu brings a new culture of transparency to RBZ
Zimbabwe witnessed the dawn of a new culture at the Reserve Bank of Zimbabwe. In a groundbreaking move that has garnered widespread commendation from socio-political analysts and observers, the new Go...Published: 05 Apr 2024 at 06:53hrs | 24 | by Nicholas Ncube
Transparency and Accountability vital when appointing the Governor of the Reserve Bank of Zimbabwe
On the 28th March 2024, Zimbabwe witnessed the appointment of John Mushayavanhu as the Governor of the Reserve Bank of Zimbabwe (RBZ). However, this appointment has sparked controversy and raised ques...Published: 31 Mar 2024 at 16:25hrs | 1 | by Jacob Kudzayi Mutisi
Why Mnangagwa cut short Mangudya's Zimbabwe Reserve Bank stay
PRESIDENT Emmerson Mnangagwa was yesterday forced to retire Reserve Bank of Zimbabwe (RBZ) governor John Mangudya a month earlier to give his successor room to come up with fresh measures to stabilise...Published: 29 Mar 2024 at 04:52hrs | 12 | by Staff reporter
Mnangagwa cuts short Mangudya's term at RBZ
President Emmerson Mnangagwa on Thursday brought forward by a month the appointment of John Mushayavanhu as the new Reserve Bank of Zimbabwe governor, hoping to stem the collapse of the local currency...Published: 28 Mar 2024 at 16:10hrs | 4 | by Staff reporter
Card cloners in court
SIX suspected card cloners yesterday appeared in court after they were arrested while in possession of instruments used in the commission of the offence.The suspects — Fungal Samurewo (35), ...Published: 11 Mar 2024 at 19:25hrs | 5 | by Staff reporter
Zimbabwe must deal with currency volatility causes, not symptoms
THE United Nations Economic Commission for Africa (Uneca) executive secretary Claver Gatete this week said Zimbabwe should deal with the root causes of currency volatility not symptoms.Gatete ...Published: 07 Mar 2024 at 05:10hrs | 1 | by Staff reporter
Man almost defrauds ZRP of US$2 million
THE Zimbabwe Republic Police (ZRP) nearly lost US$2 million to a 35-year-old Harare man in a deal to supply printing materials to the law enforcers.This emerged at the Harare Magistrates Court...Published: 06 Mar 2024 at 20:54hrs | | by Staff reporter
RBZ boss designate hits ground running
JOHN Mushayavanhu, the incoming governor of the Reserve Bank of Zimbabwe (RBZ), has already started contributing to the 2024 monetary policy statement (MPS), getting things going right away, Sta...Published: 18 Feb 2024 at 09:19hrs | 8 | by Staff reporter
CBZ opens Johannesburg office
CBZ Bank Limited, a wholly-owned subsidiary of the diversified and listed financial services group CBZ Holdings (CBZH), has opened a new office in Sandton, Johannesburg, South Africa.CBZH prov...Published: 12 Feb 2024 at 13:53hrs | 2 | by Staff reporter
Mnangagwa's ED-UNZA Scholarship Fund raises US$600,000
THE ED-UNZA (University of Zambia) Scholarship raised US$600 000 during a fundraising dinner held at State House two weeks ago.President Emmerson Mnangagwa is the patron of the fund, which was...Published: 22 Dec 2023 at 18:17hrs | 9 | by Staff reporter
Mnangagwa ruined Zanu-PF business empire
THE predictable appointment of FBC Holdings chief executive John Mushayavanhu as the incoming Reserve Bank of Zimbabwe (RBZ) governor has completed President Emmerson Mnangagwa's critical post-electio...Published: 12 Dec 2023 at 18:00hrs | 4 | by Staff reporter
Mnangagwa tightens his grip on levers of Zimbabwe's Treasury
WITH his close business ally John Muyashavanhu now confirmed as the incoming Reserve Bank of Zimbabwe (RBZ) governor, George Guvamatanga as Finance permanent secretary — chief accounting officer of ...Published: 12 Dec 2023 at 17:58hrs | | by Staff reporter
John Mushayavanhu: A strong candiate to lead the Reserve Bank of Zimbabwe
As Zimbabwe looks to appoint a new Governor for the Reserve Bank, the candidacy of John Mushayavanhu has gained significant attention and support from various quarters. With an impressive track record...Published: 10 Dec 2023 at 10:56hrs | 7 | by Nkululeko Nkomo
Mnangagwa names business associate as new RBZ governor
FBC Holdings CEO John Mushayavanhu, a business associate of President Emmerson Mnangagwa, will become governor of the central bank from May 1, 2024, the presidency announced on Friday.Current ...Published: 08 Dec 2023 at 20:52hrs | 9 | by Staff reporter
RBZ approves FBC acquisition of StanChart
THE Reserve Bank of Zimbabwe (RBZ) has approved FBC Holdings Limited's (FBCHL) purchase of Standard Chartered Bank Zimbabwe Limited (SCBZL), making it one of the biggest banks in the country.A...Published: 15 Nov 2023 at 05:12hrs | 7 | by Staff reporter
Zimdollar tormented by trust issues
FBC Securities, a leading securities firm, has highlighted that confidence in the local currency in Zimbabwe remains low due to historical volatility and value depreciation. Zimbabwe has faced currenc...Published: 23 Oct 2023 at 06:28hrs | | by Staff reporter
NSSA is a vehicle for enriching the powerful whilst exploiting the poor!
I already knew that Zimbabwe was hell and a living nightmare for the vast majority of the ordinary citizenry.I was also fully aware that the powerful were the only ones getting richer and rich...Published: 15 Oct 2023 at 09:49hrs | | by Tendai Ruben Mbofana
Mnangagwa to replace Mangudya as RBZ boss?
A GLOBAL recent ranking of central bank governors has given Zimbabwe's John Mangudya the lowest grade amid speculation that he may be replaced as President Emmerson Mnangagwa reshapes his administrati...Published: 28 Sep 2023 at 16:03hrs | | by Staff reporter
Reserve Bank of Zimbabwe bails out 3 banks
THE Reserve Bank of Zimbabwe (RBZ) has used its lender of last resort (LoLR) facility to bail out three distressed banks which had run out of liquidity following the steep depreciation of the local cu...Published: 16 Aug 2023 at 06:49hrs | 8 | by Staff reporter
Zimbabwe civil servants smile all the way to the bank
Civil servants smiled all the way to the bank yesterday as they started receiving along with the normal salary and allowances, a newly increased forex component of US$50 plus an additional local curre...Published: 19 Jul 2023 at 06:38hrs | 6 | by Staff reporter
Journalist appeals for US$15,000 for child's heart operation
A CHRONICLE staffer, Mashudu Netsianda is appealing for funds to enable his three-month-old baby to undergo open heart surgery in India.The baby was born with a congenital heart defect called ...Published: 16 Jul 2023 at 09:14hrs | 7 | by Staff reporter
RBZ in bid to calm run on banks over currency fears
The Reserve Bank of Zimbabwe on Friday sought to calm a run on banks, insisting that depositors' funds were safe.Thousands of panicky Zimbabweans lined up in bank queues to withdraw their Unit...Published: 10 Jun 2023 at 17:53hrs | | by Staff reporter
Zimbabwe's FBC Holdings acquires Standard Chartered Bank's business portfolio
Zimbabwe's FBC Holdings Limited and Standard Chartered Bank have reached an agreement for the acquisition of the latter's business portfolio in the country, subject to regulatory approval by the Reser...Published: 08 Jun 2023 at 18:04hrs | | by Staff reporter
6 suspected card cloners in court
SIX suspected card cloners yesterday appeared in court after they were arrested while in possession of instruments used in the commission of the offence.The suspects — Fungal Samurewo (35), ...Published: 23 May 2023 at 06:41hrs | | by Staff reporter
Zimdollar stares fresh setbacks as crisis deepens
ZIMBABWE'S currency will continue depreciating in the coming months, as multiple headwinds exert pressure on the unit, which surrendered 34% of its value to the United States dollar in April, accordin...Published: 12 May 2023 at 06:06hrs | 1 | by Staff reporter
Zimdollar plunges 53%
UNCERTAINTY over Zimbabwe's growth prospects deepened this week, after a leading advisory said its currency had shed 58% of its value in the first quarter.It was a continuation of negative dev...Published: 14 Apr 2023 at 19:48hrs | 1 | by Staff reporter
Two South African journalists assaulted in separate incidents
Lusaka, March 9, 2023 - South African authorities must swiftly and thoroughly investigate the recent assaults of journalists Silindelo Masikane and Gaddafi Zulu and prosecute those responsible, the Co...Published: 09 Mar 2023 at 22:48hrs | 4 | by CPJ
Man in court for defrauding civil servants
A KUWADZANA man is in court facing charges of defrauding a civil servant after claiming that he had a company that could issue them with loans.The accused, Wylie Ligomeka (41) was today remand...Published: 28 Feb 2023 at 07:38hrs | | by Staff reporter
FNB of South Africa plus 4 other investors vie for Standard Chartered Bank Zimbabwe?
THE proposed takeover of Standard Chartered Bank Zimbabwe (StanChart), the country's oldest financial institution, has moved a gear up after five prospective investors including local and regional ent...Published: 21 Jan 2023 at 11:25hrs | 10 | by Staff reporter
Smallholder farmers to benefit from US$15 million loan
SMALLHOLDER farmers will soon benefit from a US$15 million loan obtained by the Government from the OPEC Fund for International Development.Finance and Economic Development Minister Professor ...Published: 12 Dec 2022 at 01:02hrs | 5 | by Staff Reporter
'Mnangagwa's govt likely to print money to fund deficit'
ONE of Zimbabwe's top financial institutions, FBC Holdings Limited (FBC) says the 2023 National Budget announced last week will likely be funded by money printing, amid dwindling revenue options for T...Published: 29 Nov 2022 at 05:21hrs | | by Staff reporter
Mnangagwa's govt hard-pressed to appease restless public sector workers
FINANCE minister Mthuli Ncube has proposed to increase the proportion of employment costs on state expenditure to 52.4% from 42.3% as the desperate government makes frantic efforts to appease the 300 ...Published: 27 Nov 2022 at 14:58hrs | | by Staff reporter
Villagers lose land to bank
VILLAGERS in Mudereri, Zvishavane, have lost part of their land to FBC Building Society after it was sold to the bank by the rural district council.It is alleged that the bank has started deve...Published: 09 Nov 2022 at 05:12hrs | | by Staff reporter
EcoCash brings more convenience for its users, unveils new bill management service
EcoCash has introduced 'EcoCash Bill Manager', a new service that brings more convenience for its users and simplifies how EcoCash customers manage their bill payments to different service providers, ...Published: 01 Jul 2022 at 04:42hrs | 12 | by Agencies
Zimbabwe airports agency beefs up security
ZIMBABWE'S airports authorities are planning to roll out multi-pronged systems enabling them to beef up security at porous exit and entry points, businessdigest was told this week.Previously, ...Published: 17 Jun 2022 at 08:57hrs | 6 | by Staff reporter
'Family members rejoiced when Tuku, Sam died'
DAISY Mtukudzi, the widow to the late music superstar Oliver Mtukudzi has claimed that some family members were happy about the deaths of Tuku and his son Sam. Tuku died of heart failure relat...Published: 12 Jun 2022 at 09:20hrs | 57 | by Staff reporter
Scandal-ridden Glencore has a big footprint in Zimbabwe
GLOBAL commodities giant Glencore, one of the world's largest diversified natural resource companies, currently engulfed in a corruption and bribery storm in the United States, Britain and Brazil, has...Published: 31 May 2022 at 07:37hrs | 119 | by Staff reporter
Zimbabwe's central bank clarifies lending directive
The central bank says the suspension of lending by banks to government and private institutions announced by President Emmerson Mnangagwa at the weekend will include micro-financial institutions....Published: 11 May 2022 at 09:13hrs | | by Staff reporter
RBZ initiates think tank to assess banking products
THE Reserve Bank of Zimbabwe (RBZ) has created a think tank to examine new banking products and innovations prior to their launch, to assess their viability.The revelation came a day after the...Published: 25 Apr 2022 at 09:01hrs | 2 | by Staff reporter
Cross Border Traders approach more banks for Master Cards
THE Cross Borders Association (Cba) yesterday said it had approached more banks to secure master cards and visa cards for cross borders traders.This comes after the CBA recently struck a deal ...Published: 09 Apr 2022 at 08:23hrs | 2 | by Staff reporter
Chamisa defrauds client US$6 000 in murky car deal
A KADOMA-based car dealer, Aleck Chamisa (34), was Thursday dragged to court by his estranged lover for defrauding her of over US$6 000 in inflated vehicle price and customs fees.Kadoma Magist...Published: 08 Apr 2022 at 19:12hrs | 1 | by Staff reporter
Chamisa's councillors take oath of office
TWENTY-THREE new Harare councillors took oath of office yesterday, with former mayor Herbert Gomba set to be sworn-in today.After the swearing in ceremony, Citizens Coalition for Change's Denf...Published: 08 Apr 2022 at 06:46hrs | | by Staff reporter
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