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Zimbabwe has tragically become a lootocracy
Zimbabwe has been reduced to a shadow of its former promise - a jewel of Africa, a nation of hope and prosperity now lies bruised and exploited under the weight of a political elite that robs its peop...Published: 18 hrs ago | 436 | by Jacob Mutisi
Harare residents resist Discovery ambulance deal
HARARE residents have voiced outrage over the City of Harare's (CoH) planned partnership with Discovery Ambulance, warning that the public could end up paying twice for emergency services.The ...Published: 20 hrs ago | 122 | by Staff reporter
Ex-bank consultant jailed for US$23,000 fraud
A former ZB Bank loan consultant, Cosmas Bhude, has been sentenced to an effective three years and nine months in prison for defrauding clients of more than US$23,000 through a series of fraudulent lo...Published: 21 hrs ago | 102 | by Staff reporter
Funds looted in shocking Harare 'ghost projects' scandal
Millions of dollars earmarked for road rehabilitation and water infrastructure in Harare have disappeared under murky circumstances, with contractors paid in full for projects that were never carried ...Published: 21 hrs ago | 87 | by Staff reporter
Massive US$100,000 fines for Zimbabwe forex offenders
The Reserve Bank of Zimbabwe (RBZ) has introduced heavy fines and tougher enforcement measures against individuals, companies, and financial institutions caught breaking exchange control regulations....Published: 21 hrs ago | 345 | by Staff reporter
Ex-CCC MP jailed for 2 years for defrauding Bulawayo woman
Former Citizens Coalition for Change (CCC) legislator Obert Manduna has been sentenced to an effective two years in prison after being found guilty of defrauding a Bulawayo woman of US$5,900 in a fail...Published: 15 Aug 2025 at 16:17hrs | 401 | by Staff reporter
Shell companies siphon US$450m from Zimbabwe, SA
A network of 23 shell companies operating between Zimbabwe and South Africa has been implicated in laundering US$450 million through illicit financial flows (IFFs), part of an estimated US$3 billion i...Published: 15 Aug 2025 at 14:22hrs | 470 | by Staff reporter
Zimbabwe insurers urged to adapt or perish
The Insurance and Pensions Commission (Ipec) has called on Zimbabwean insurers to adapt to digital transformation while expanding into untapped sectors to boost resilience and competitiveness....Published: 15 Aug 2025 at 08:57hrs | 188 | by Staff reporter
FBC urges clear Zimbabwe de-dollarisation framework
FBC Holdings Limited has called on the Reserve Bank of Zimbabwe (RBZ) to establish a clear and credible framework for de-dollarisation to ease pressure on the country's foreign currency reserves....Published: 15 Aug 2025 at 08:55hrs | 355 | by Staff reporter
Mnangagwa's wife to preside over women investment conference
First Lady Dr Auxillia Mnangagwa will preside over the inaugural three-day Bulawayo Women Investment Conference next month, a landmark event aimed at promoting economic independence and leadership amo...Published: 15 Aug 2025 at 08:53hrs | 170 | by Staff reporter
Gweru City Council in financial scandal
A damning 2024 Auditor-General's report has exposed deep-seated financial mismanagement at Gweru City Council, revealing unreconciled bank variances amounting to ZWL$4,9 billion, missing asset records...Published: 15 Aug 2025 at 08:41hrs | 180 | by Staff reporter
Harare council's extravagance draws fire
The Harare City Council has once again come under fire for the lavish spending habits of its senior officials, with residents paying the price for what critics describe as wasteful indulgence....Published: 15 Aug 2025 at 08:34hrs | 236 | by Staff reporter
Schools buy cattle for govt officials after awards ceremony
Several primary and secondary schools in Mashonaland East have come under fire from parents after contributing to the purchase of cattle for two Cabinet ministers and Primary and Secondary Education s...Published: 15 Aug 2025 at 08:28hrs | 182 | by Staff reporter
PSMAS ranked Zimbabwe's worst medical aid provider
The Premier Service Medical Aid Society (PSMAS) has been ranked the worst-performing medical aid provider in Zimbabwe in a new nationwide survey of doctors conducted by the Zimbabwe Medical Associatio...Published: 14 Aug 2025 at 10:48hrs | 655 | by Staff reporter
Why Zimbabweans rue plan to ditch US dollar?
Zimbabwe's plans to drop the US dollar in five years is already causing jitters in an economy that has suffered nearly two decades of currency volatility and bouts of record hyperinflation.Har...Published: 14 Aug 2025 at 10:44hrs | 921 | by Staff reporter
Beverage makers say 35% RBZ rate hampers growth
Zimbabwe's beverage industry has raised concerns over the Reserve Bank of Zimbabwe's (RBZ) decision to maintain the bank policy rate at 35% per annum, saying the high interest rate is constraining gro...Published: 14 Aug 2025 at 10:41hrs | 126 | by Staff reporter
Harare's special unit to tackle past corruption
The Harare City Council (HCC) has set up a dedicated Special Legacy Department to investigate historical corruption, implement corrective measures, and begin rebuilding public confidence after years o...Published: 14 Aug 2025 at 10:30hrs | 86 | by Staff reporter
The rise of short-term loans in the UK
In recent years, financial flexibility has become increasingly important for individuals facing unexpected expenses or temporary cash flow challenges. One popular solution is to ...Published: 13 Aug 2025 at 23:12hrs | 495 | by Staff Reporter
The hidden costs of commodities trading without proper education
The Real Price of Jumping into Commodities Trading Clueless Alright, let's get real for a sec. Scroll through Instagram or TikTok, and you'll see a...Published: 13 Aug 2025 at 18:32hrs | 107 | by Staff Reporter
Government debt cripples Masvingo City
Masvingo City Council is facing mounting challenges in delivering basic services due to the government's failure to settle substantial debts owed to the local authority, with claims that various gover...Published: 13 Aug 2025 at 13:04hrs | 194 | by Staff reporter
Zimbabwe banks show strong capital buffers
Most Zimbabwean banking institutions have exceeded minimum regulatory capital requirements, signalling stability, resilience, and soundness in the country's financial system, the latest Reserve Bank o...Published: 13 Aug 2025 at 09:08hrs | 202 | by Staff reporter
Zimbabwe, Zambia unite to close energy gap
Leading corporates and energy sector stakeholders from Zimbabwe and Zambia met in Harare this week for the Energy Forum for Africa (EFA) networking event, aimed at fostering cross-border partnerships ...Published: 13 Aug 2025 at 09:06hrs | 158 | by Staff reporter
UN calls on Zimbabwe to curb illicit financial flows
The United Nations resident and humanitarian coordinator in Zimbabwe, Edward Kallon, has urged the government to take urgent measures to curb illicit financial flows (IFFs), warning that billions of d...Published: 13 Aug 2025 at 08:49hrs | 197 | by Staff reporter
Zimbabwe Cricket Must Stop Using the Racism Card to Silence Criticism
45 years after independence, Zimbabwe Cricket (ZC) has once again reacted to criticism from Bulawayo mayor and former Sports Minister David Coltart by labelling his comments as part of a "racist a...Published: 12 Aug 2025 at 21:01hrs | 323 | by Engineer Jacob Kudzayi Mutisi
How to build a safety net fund without feeling overwhelmed
In today's unpredictable financial climate, constructing a safety net fund is crucial to maintaining peace of mind. Many people find themselves turning to options like a ...Published: 12 Aug 2025 at 20:53hrs | 217 | by Staff Reporter
Zimbabwe conducts digital currency survey
The Reserve Bank of Zimbabwe (RBZ) has intensified its preparations to introduce a Central Bank Digital Currency (CBDC) through a phased approach, starting with consumer perception surveys to gauge pu...Published: 12 Aug 2025 at 08:41hrs | 242 | by Staff reporter
Tombstone unveiling sparks debate
The Heroes and Defence Forces Day holidays have once again reignited debate over how Zimbabweans commemorate the dead, with growing concern over the blending of Christian tombstone unveiling ceremonie...Published: 12 Aug 2025 at 08:37hrs | 845 | by Staff reporter
R150,000 reward for fugitive linked to murder of 2 SAPS members
Police are offering a R150,000 reward for information leading to the arrest of Jabulani Thabang Moyo, who is wanted in connection with the fatal shooting of two police officers in Roodepoort on Friday...Published: 12 Aug 2025 at 08:34hrs | 360 | by Staff reporter
Zimbabwe hits US$44,9bn in digital transactions
Zimbabwe's financial sector has marked a major milestone in its digital transformation, processing a record 381 million electronic transactions worth ZiG1,2 trillion (US$44,9 billion) in the first hal...Published: 12 Aug 2025 at 08:32hrs | 199 | by Staff reporter
Trends in Sports Betting Industry: Africa is not far behind
The sports betting industry in Africa is rapidly developing, turning from a niche segment into a key driver of the global industry. One of the main trends is the transition from individual betting to ...Published: 11 Aug 2025 at 10:15hrs | 151 | by Staff Reporter
RBZ's to unlock over US$1 billion in remittances
In a bold move to revive Zimbabwe's struggling economy, the Reserve Bank of Zimbabwe (RBZ) has announced a plan to securitize diaspora remittances, aiming to transform predictable inflows into investa...Published: 10 Aug 2025 at 18:36hrs | 315 | by Staff reporter
Lesetja Kganyago has intentionally destroyed black businesses
In a blistering and unfiltered critique, Khandani Msibi, Group CEO of NUMSA Investment Company and 3Sixty Global Solutions Group, has accused South African financial regulators of systematically targe...Published: 10 Aug 2025 at 16:17hrs | 724 | by Staff reporter
Zimbabwe repays US$176 million in external debt
The Zimbabwean government has made notable progress in repaying its external debt, with a total of US$176.28 million paid during the first six months of 2025, according to data released by the Ministr...Published: 10 Aug 2025 at 12:12hrs | 518 | by Staff reporter
Zimbabwe parliament fuel allocations under spotlight
A recent audit report by the Auditor General (AG) has exposed troubling irregularities within Parliament's administration, revealing that senior staff may have been allocating themselves over 1,...Published: 10 Aug 2025 at 10:09hrs | 258 | by Staff reporter
NetOne posts record growth
State-owned mobile network operator NetOne has delivered a historic performance, posting record revenue and profit growth while aggressively expanding its high-speed 4G and 5G networks in a bold push ...Published: 09 Aug 2025 at 16:52hrs | 194 | by Staff reporter
RBZ cracks down on ZiG rejection
The Reserve Bank of Zimbabwe (RBZ) has issued a strong warning to businesses and service providers who are refusing to accept the Zimbabwe Gold (ZiG) currency, with central bank governor Dr John Musha...Published: 09 Aug 2025 at 13:28hrs | 462 | by Staff reporter
Zimbabwe's forex receipts surge to US$7.3 billion
Zimbabwe recorded a significant boost in foreign currency receipts, raking in US$7.3 billion during the first half of 2025, according to the Reserve Bank of Zimbabwe’s (RBZ) latest Monetary Policy S...Published: 09 Aug 2025 at 10:01hrs | 139 | by Staff reporter
Chillmaster back in court
Top musician Kudakwashe Gift Hombarume, popularly known as Chillmaster, will face a fresh inquiry into his culpable homicide case after the High Court ordered the Mbare Magistrates Court to reopen pro...Published: 08 Aug 2025 at 13:06hrs | 253 | by Staff reporter
'ZiG outperforms regional peers'
The Reserve Bank of Zimbabwe (RBZ) has lauded the Zimbabwe Gold (ZiG) currency for its sustained stability and strong performance compared to several regional currencies within the Southern African De...Published: 08 Aug 2025 at 13:02hrs | 306 | by Staff reporter
RBZ crackdown on money laundering
Following an intensive investigation into smuggling, money laundering, and financial externalisation, Zimbabwean authorities have launched a crackdown targeting several businesspeople and companies im...Published: 08 Aug 2025 at 09:15hrs | 581 | 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...Published: 08 Aug 2025 at 09:03hrs | 427 | by Staff reporter
RBZ upholds tight monetary policy to protect ZWG
The Reserve Bank of Zimbabwe (RBZ) on Thursday reaffirmed its tight monetary policy stance as a key strategy to conserve the local currency, despite mounting pressure from industry players to ease bor...Published: 08 Aug 2025 at 08:59hrs | 158 | by Staff reporter
Zimbabwe faces new threat from AI voice cloning scams
Last month, a disturbing case emerged from Canada where fraudsters used artificial intelligence to clone the voices of elderly Americans' grandchildren. Between 2021 and 2024, the ring targeted senior...Published: 08 Aug 2025 at 08:49hrs | 140 | by Staff reporter
ZimRe pushes to recover funds frozen in US
Financial services giant ZimRe Holdings Limited (ZHL) is mounting a fresh bid to reclaim more than US$1,1 million still locked in the United States from the sanctions era, chief executive officer Stan...Published: 08 Aug 2025 at 08:37hrs | 205 | by Staff reporter
Girl (12) rescues 3 minors from burning house
A 12-year-old girl from Chitakatira, Mutare, is battling for her life at Victoria Chitepo Provincial Hospital after sustaining severe burns while rescuing three young relatives from a raging house fir...Published: 08 Aug 2025 at 08:32hrs | 446 | by Staff reporter
Zimbabwe banking sector profits drop
Zimbabwe's banking sector has reported a steep drop in earnings for the first half of 2025, with aggregate profits plunging to ZiG5,0 billion (US$184,07 million) from ZiG10,4 billion (US$760,37 millio...Published: 08 Aug 2025 at 08:30hrs | 135 | by Staff reporter
Mutapa blocks ZCDC diamond sale
Zimbabwe's state-owned diamond miner, the Zimbabwe Consolidated Diamond Company (ZCDC), has been plunged into a deeper financial crisis after its sole shareholder, the Mutapa Investment Fund (MIF), ve...Published: 08 Aug 2025 at 08:25hrs | 214 | by Staff reporter
Forestry Commission regulatory weaknesses exposed
A report by Auditor-General Rheah Kujinga has exposed serious regulatory weaknesses at the Forestry Commission, revealing how poor oversight may be enabling trophy hunters to bypass state payments and...Published: 08 Aug 2025 at 08:21hrs | 99 | by Staff reporter
POSB launches solar, Starlink loan scheme for schools
The People's Own Savings Bank (POSB) has launched an ambitious solar and Starlink internet loan scheme targeted at Zimbabwe's schools, marking a rare example of a local bank offering accessible, impac...Published: 07 Aug 2025 at 17:25hrs | 386 | by Staff reporter
Zimbabwe races to implement IMF-backed reforms
Zimbabwe is racing to implement wide-ranging fiscal and monetary reforms agreed with the International Monetary Fund (IMF), as the country seeks to exit its long-standing debt crisis, rebuild trust wi...Published: 07 Aug 2025 at 17:16hrs | 459 | by Staff reporter
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