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Revised Starlink Policy for Sustainable Growth - A dedication to Eng. Chemist Siziba
Honorable Minister of Information Communication Technology, Postal and Courier Services, all protocols observed, please receive a request from a group of ...Published: 23 Mar 2024 at 07:04hrs | 985 | by Robert Ndlovu
Exploring the World of Forex Trading in Zimbabwe with MetaTrader 5
Forex trading, the dynamic process of exchanging currencies, is becoming increasingly popular in Zimbabwe. The Forex market offers a viable platform as individuals and traders look for new o...Published: 19 Mar 2024 at 12:16hrs | 109 | by Staff Reporter
Winston Chitando to meet David Coltart
THE Minister of Local Government and Public Works, Winston Chitando is expected in Bulawayo today where he will have two meetings first with the Bulawayo mayor, Councillor David Coltart and later Chie...Published: 08 Mar 2024 at 07:37hrs | 1188 | 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 | 418 | by Staff reporter
'Bulawayo 80% forex rates illegal'
GOVERNMENT has said the decision by the Bulawayo City Council to force residents and businesses to pay 80 percent of rates strictly in foreign currency is illegal and ordered the local authority to re...Published: 20 Feb 2024 at 05:04hrs | 715 | by Staff reporter
Bulawayo City Council demands 80% of rates in forex
THE Bulawayo City Council (BCC) has passed a resolution compelling residents and businesses to pay 80 percent of their rates in foreign currency, arguing that service providers were demanding forex....Published: 18 Feb 2024 at 09:13hrs | 308 | by Staff reporter
IMF wants Zimbabwe central bank to dump monetary policies
THE International Monetary Fund (IMF) has advised government to cut the Reserve Bank of Zimbabwe's (RBZ) role in crafting monetary policies to just its core functions, after the local currency depreci...Published: 15 Feb 2024 at 10:07hrs | 424 | by Staff reporter
IMF tells Zimbabwe to deal with Zimdollar issue
THE International Monetary Fund (IMF) has implored the government to remove the 10% trading margin on domestic transactions, saying the policy was causing exchange restrictions and distortions....Published: 15 Feb 2024 at 10:05hrs | 334 | by Staff reporter
Zimbabwe seeks to boost trade to bust sanctions
THERE is a need to increase trade with friendly countries as a strategy to counter illegal sanctions imposed on Zimbabwe by some powerful Western nations, President Mnangagwa said here yesterday after...Published: 15 Feb 2024 at 10:02hrs | 36 | by Staff reporter
IMF advises Zimbabwe to adopt forex market reforms
As the instability of the beleaguered Zimbabwe dollar intensifies, the International Monetary Fund (IMF) has advised the government to adopt forex market reforms which are "more transparent and market...Published: 15 Feb 2024 at 10:01hrs | 83 | by Staff reporter
Schools defy Mnangagwa govt directive
Some rogue schools, including some in the public sector, are defying a clearly stipulated Government directives banning the exclusive charging of fees in foreign currency and forcing parents as well a...Published: 08 Feb 2024 at 04:27hrs | 738 | by Staff reporter
Mutsvangwa's lifetime of sackings
ZIMBABWE'S political cauldron bubbled over this weekend with the abrupt firing of Christopher Mutsvangwa as the Veterans of the Liberation Struggle Affairs minister by President Emmerson Mnangagwa....Published: 05 Feb 2024 at 04:13hrs | 2835 | by Staff reporter
Zimbabwe forex policy chokes exporters
LISTED agricultural concern Ariston Holdings says the 25% export retention coupled with the huge disparity between the interbank exchange rate and the fair market rate used by suppliers is making some...Published: 31 Jan 2024 at 06:59hrs | 452 | by Staff reporter
BCC moves to stem dirt, chaos and decay in CBD
BULAWAYO City Council (BCC) has given informal traders, kombi, bus and pushcart operators, and those involved in illegal car wash business in the city centre an ultimatum to cease their illegal activi...Published: 29 Jan 2024 at 05:57hrs | 131 | by Staff reporter
SA court hears how diesel consignment from British oil company to Zimbabwe 'disappeared'
British oil company BP claimed to have exported a consignment of diesel to Zimbabwe in 2019 - but the fuel never arrived.A case brought by the South African Revenue Service (Sars) in a South A...Published: 17 Jan 2024 at 05:09hrs | 1712 | by Staff reporter
US$300 Covid allowance goes permanent as salary
Civil servants will now be receiving the old US$300 Covid-19 allowances as part of their permanent pensionable salary, with the first batches of workers, including uniformed forces and health workers,...Published: 12 Jan 2024 at 05:02hrs | 823 | by Staff reporter
Zimdollar plunges 40% on black market
Zimbabwe's dollar has started the new year on the back foot, plunging more than 40% on the parallel market, as high demand for foreign-exchange continues to outstrip supply.A range of factors,...Published: 11 Jan 2024 at 15:21hrs | 975 | by Staff reporter
Currency turmoil returns in Zimbabwe
Zimbabwe's dollar has started the new year on the back foot, plunging more than 40% on the parallel market, as high demand for foreign-exchange continues to outstrip supply.A range of factors,...Published: 10 Jan 2024 at 05:57hrs | 812 | 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 | 385 | by Staff reporter
Zimdollar decline fueled by surge in money supply
THE Zimbabwe dollar has taken a battering in the past month with economists attributing the depreciation of the local currency to increased money supply after private and public sector employees were ...Published: 24 Dec 2023 at 16:10hrs | 819 | 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 | 664 | by Staff reporter
BCC justifies US dollar tariff
THE BULAWAYO City Council (BCC) says its decision to index bills in United States dollars was necessary to ensure quality service delivery.In a speech read on his behalf by deputy chairperson ...Published: 08 Dec 2023 at 05:37hrs | 290 | by Staff reporter
Zimbabwe govt 'sabotaged' de-dollarisation plan, says Biti
Former Finance minister Tendai Biti has said government's forceful nature of its policies to adopt the volatile Zimdollar sabotaged plans to de-dollarise the economy .The local currency has be...Published: 04 Dec 2023 at 04:48hrs | 997 | by Staff reporter
Masca dismisses accusations of mismanagement as blatant false
Medical Aid Society Central Africa (MASCA) has dismissed the accusations of mismanagement by sources within the organisation as false and defamatory in the process demanding a retraction for the publi...Published: 01 Dec 2023 at 10:48hrs | 347 | by Stephen Jakes
Medical scheme in graft accusations
Medical Aid Society Central Africa (MASCA) has been accused of mismanagement amid indications its reserved funds were sitting at zero.It is said that three top management officials are accused...Published: 28 Nov 2023 at 14:19hrs | 2182 | by Stephen Jakes
Mthuli Ncube's budget dilemma
DON'T tell me what you value, show me your budget and I'll tell you what you value:" Joe Biden.Ordinarily, Finance minister Mthuli Ncube should have presented the ZWL$47,8 trillion 2024 nation...Published: 25 Nov 2023 at 07:59hrs | 508 | by Paidamoyo Muzulu
EcoCash overturns loss into profit
EcoCash Holdings Zimbabwe Limited (EHZL), a FINTECH company, successfully transformed its financial performance, turning a loss into a profit of ZWL$130.19 million after tax for the half-year ending A...Published: 13 Nov 2023 at 05:47hrs | 329 | by Staff reporter
Mthuli Ncube to prioritise Zimdollar stability
FURTHER stabilising the Zimbabwe dollar and consolidating economic growth will be prioritised in the 2024 budget, Finance, Economic Development and Investment Promotion Minister Professor Mthuli Ncube...Published: 12 Nov 2023 at 11:43hrs | 124 | by Staff reporter
'ZRP forex dealers days numbered'
The police have issued a warning about cracking down on their own members involved in illegal foreign currency trading on the streets. National police spokesperson Assistant Commissioner Paul Nyathi m...Published: 31 Oct 2023 at 05:50hrs | 480 | by Staff reporter
Fraudulent forex dealer jailed 6 years
A Bindura man who defrauded several vendors of over US$30,000 through fake proof of payments in failed foreign currency exchange transactions has been sentenced to six years in prison. Collin Rutendo ...Published: 31 Oct 2023 at 05:43hrs | 238 | by Staff reporter
IMF implores Zimbabwe to pace up forex reforms
The International Monetary Fund (IMF) has recommended that Zimbabwe expedite its foreign exchange market reforms by introducing more flexibility into the official exchange rate through market-driven p...Published: 27 Oct 2023 at 06:16hrs | 98 | by Staff reporter
Zimbabwe foreign currency deposits shoot to US$1, 6 billion
Foreign currency deposits have surged to an impressive US$1.6 billion, largely attributed to growing confidence in the stability of the banking sector, as revealed by the Reserve Bank of Zimbabwe (RBZ...Published: 26 Oct 2023 at 06:23hrs | 108 | by Staff reporter
Mnangagwa law blamed for high US$ pricing
Industry and Commerce Minister, Sithembiso Nyoni, attributed the current high pricing in US dollars to Statutory Instrument (SI) 118A of 2022.SI 118A, enacted under the Presidential Powers (Te...Published: 25 Oct 2023 at 06:51hrs | 799 | by Staff reporter
Zimbabwe central bank must consider introducing a ZW$500 000 note
This week, a prominent price monitoring thinktank emphasized the need for the Reserve Bank of Zimbabwe (RBZ) to contemplate the introduction of a ZW$500,000 note as the Zimbabwean currency continues t...Published: 22 Oct 2023 at 14:06hrs | 504 | by Staff reporter
Access Finance legal fight not good for money transfer trust issues
The dispute between shareholders of Access Finance Group regarding the sale of shares has intensified, with one party favoring arbitration while the other prefers a legal process.According to ...Published: 15 Oct 2023 at 21:49hrs | 270 | by Staff reporter
Access finance businessmen's legal battle takes new twist
Isau Bwerinofa, the chairman of the Access Finance board, has argued that the High Court does not have jurisdiction to handle the case brought against him and seven others by former director Senziwani...Published: 12 Oct 2023 at 06:33hrs | 220 | by Staff reporter
Mnangagwa's son says Zimbabwe banks no longer offering funding beyond 2025
Deputy Minister David Mnangagwa, responsible for Finance and Investment Promotion, has revealed that banks are no longer extending long-term funding options beyond 2025, coinciding with the planned co...Published: 09 Oct 2023 at 19:26hrs | 1518 | by Staff reporter
Tobacco smuggling between Zimbabwe - SA now security threat
SOUTH Africa is drowning in illicit cigarette smuggling which has seen the neighbouring country losing at least R50 million (US$2.6 million) daily in potential revenue from well-coordinated syndicates...Published: 09 Oct 2023 at 13:49hrs | 614 | by Staff reporter
Zimbabwe may starts lithium car batteries production
Zimbabwe may start commercial production of lithium batteries for passenger vehicles next year following headway by the Harare Institute of Technology (HIT) which has already purified lithium phosphat...Published: 07 Oct 2023 at 19:28hrs | 291 | by Staff reporter
Telling my Access Finance story
FOLLOWING a recent public announcement by Access Finance Group, a local remittance and financial services company, that its chief executive Singathini Raymond Chigogwana is retiring and would be repla...Published: 05 Oct 2023 at 15:07hrs | 405 | by Senziwani Sikhosana
Cost of living rises as Zimdollar slips
The cost of living has surged by an additional 4.8% to reach ZWL$95,462.53 per person in September, driven by the ongoing depreciation of the Zimbabwean dollar against the US dollar. The count...Published: 29 Sep 2023 at 06:22hrs | 229 | by Staff reporter
Access Finance shareholders in bitter fall out
Details of a bitter dispute between local financial services firm Access Finance (Pvt) Ltd and its related entities' shareholders have come to light, revealing that the CEO reneged on a deal to sell 1...Published: 25 Sep 2023 at 20:26hrs | 242 | by Staff reporter
Is Forex Trading Halal or Haram? A Comprehensive Analysis
Forex trading, or the act of exchanging currencies on the foreign exchange market, is a topic of debate in various circles, particularly among Muslims who seek to ensure that their trading activities ...Published: 24 Sep 2023 at 18:39hrs | 425 | by Staff Reporter
Zimdollar losing grip after months of stability
Since the disputed general election held last month, the Zimbabwean dollar has been gradually depreciating on both the official and parallel forex markets. A day before the harmonized elections on Aug...Published: 17 Sep 2023 at 08:00hrs | 1168 | by Staff reporter
Zimdollar firms, exchange premium widens
THE Confederation of Zimbabwe Industries (CZI) said this week the gap between the official and parallel market exchange rates widened to 41% last month as a result of stability in the official forex m...Published: 09 Sep 2023 at 08:51hrs | 835 | by Staff reporter
Zimbabwe foreign currency receipts up US$5,5 billion
ZIMBABWE's foreign currency receipts reached US$5, 5 billion in the first half of 2023 driven by exports and diaspora remittances among other top earners, the Reserve Bank of Zimbabwe (RBZ) latest Mon...Published: 27 Aug 2023 at 09:51hrs | 91 | by Staff reporter
Zimdollar depreciation scares Mthuli Ncube
FINANCE and Economic Development minister Mthuli Ncube is concerned about the depreciation of the local currency against the greenback as he drafts the national budget for 2024, fearing Zimbabwe's fis...Published: 18 Aug 2023 at 18:10hrs | 107 | by Staff reporter
Reserve Bank of Zimbabwe bails out 3 banks
THE Reserve Bank of Zimbabwe (RBZ) has used its lender of last resort (LoLR) facility to bail out three distressed banks which had run out of liquidity following the steep depreciation of the local cu...Published: 16 Aug 2023 at 06:49hrs | 36 | by Staff reporter
150 000 electoral officers for Zimbabwe polls
ABOUT 150 000 electoral officers will be deployed to the 12 370 polling stations that have been identified across the country for voting on August 23, the Zimbabwe Electoral Commission (ZEC) has said....Published: 16 Aug 2023 at 06:39hrs | 20 | by Staff reporter
Vehicle owners demand US$ from Zec
OWNERS of vehicles hired by the Zimbabwe Electoral Commission (Zec) for various election-related tasks have lamented receiving payment in local currency at the interbank rate instead of United States ...Published: 14 Aug 2023 at 06:35hrs | 53 | by Staff reporter
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