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Zimbabwe gold reserves rises 12%
The Reserve Bank of Zimbabwe (RBZ) has announced that its gold reserves have grown by 12% to over 3.1 tonnes since March this year, bolstering the country's efforts to build a more stable foreign exch...Published: 06 Jun 2025 at 12:06hrs | 111 | by Staff reporter
Scott Sakupwanya's company controversially paid US$4.2m for fuel
Zimbabweans reacted with anger and disbelief after it emerged that the Ministry of Finance authorised a US$4.2 million payment to Betterbrands Petroleum, a company owned by Zanu PF legislator Scott Sa...Published: 03 Jun 2025 at 12:00hrs | 853 | by Staff reporter
Zimbabweans abroad sent home US$1,9 billion in 9 months
Zimbabweans living abroad sent a record-breaking US$1.9 billion back home in the first nine months of 2024, marking a significant 16.5% increase from the US$1.6 billion remitted in the same period las...Published: 29 Nov 2024 at 07:17hrs | 383 | by Staff reporter
Community share ownership trust CEO faces arrest
TRADITIONAL leaders, villagers and other stakeholders have called for the arrest Chiadzwa Community Share Ownership Trust (CCSOT) Chief executive officer Hardwork Mukwada over charges of abuse of fund...Published: 04 Apr 2024 at 13:42hrs | 29 | by Staff reporter
Mnangagwa niece's legacy woes haunt ZBC
THE Zimbabwe Broadcasting Corporation (ZBC) is grappling with serious management challenges linked to Helliate Rushwaya - the newly appointed board chair - during her tenure as the acting chief execut...Published: 10 Mar 2024 at 06:51hrs | 26 | by Staff reporter
Delta, Zimra fight over US$ tax
DELTA Beverages Pvt Ltd is up in arms with the Zimbabwe Revenue Authority (Zimra) after the tax collector concluded that the company had improperly computed its income tax, resulting in the matter spi...Published: 29 Jan 2024 at 10:14hrs | 12 | by Staff reporter
Harare hacker steals US$30,000
A Harare man hacked into an account belonging to Premier Tobacco Auction Floors and stole US$30 000.Nyasha Mutasa (33) appeared before magistrate Dennis Mangosi charged with contravening the C...Published: 24 Dec 2023 at 16:11hrs | 13 | by Staff reporter
Vehicle owners demand US$ 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 | 12 | 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 | 15 | by Staff reporter
Chiwenga punishing Zimbabwe's health workers?
VICE President Constantino Chiwenga has been accused by some disgruntled nurses of blocking salary and allowance increments in the health sector as punishment for past strikes and demonstrations....Published: 26 Apr 2023 at 19:43hrs | 2 | by Staff reporter
Headmaster accused of concocting exchange rates for fees
SOME parents with children attending Mangwara Primary School in Kariba have accused the school headmaster of allegedly threatening them whenever they question the exchange rate the school uses to char...Published: 25 Jan 2023 at 17:16hrs | 8 | by Staff reporter
Schools reject Zimdollar fees
SEVERAL schools across the country are demanding fees exclusively in United States (US) dollars owing to rising inflation, a development that has left parents and guardians in quandary ahead of school...Published: 02 Sep 2022 at 06:51hrs | 1 | by Staff reporter
Huge appetite for Zimbabwe gold coins
ZIMBABWE'S central bank has registered an overwhelming uptake of the Mosi-oa-Tunya gold coin after local financial institutions, pension funds, insurance companies and individuals bought the bulk of t...Published: 31 Jul 2022 at 17:51hrs | 2 | by Staff reporter
ZANU PF MPs want 2023 elections postponed
With the party popularity nosediving from 51% in 2018 down to below 30% at present due to poverty, unemployment and poor economic policies, ZANU PF Members of Parliament (MPs) are sensing danger and w...Published: 25 May 2022 at 10:26hrs | 1 | by John Mbizvo
Maize farmers plead for a 50% USD payment
FARMERS are pleading with the Grain Marketing Board to raise to 50% United States dollar (USD) offer to maize farmers.Zimbabwe Farmers Union (ZFU) president Abdul Nyathi: "We welcome the...Published: 23 May 2022 at 06:41hrs | | by Staff reporter
ZANU-PF MPs want 2023 elections postponed
With the party popularity nosediving from 51% in 2018 down to below 30% at present due to poverty, unemployment and poor economic policies, ZANU PF Members of Parliament (MPs) are sensing danger and w...Published: 21 May 2022 at 16:05hrs | 10 | by John Mbizvo, Political Analyst
'Govt not withdrawing US$175 civil servants benefit'
The US$175 benefit paid to civil servants through their nostro accounts has not been withdrawn.In fact, the Government is working on several measures to improve the welfare of its workers, Sec...Published: 09 May 2022 at 07:04hrs | | by Staff reporter
Foreign currency deposits continue to surge
FOREIGN currency deposits in local banks continue to increase in a development indicating growing confidence in the country's banking sector, latest Reserve Bank of Zimbabwe (RBZ) data has reveals....Published: 11 Apr 2022 at 06:39hrs | 10 | by Staff reporter
Grace Mugabe frets over son's unholy alliances
PRESIDENT Robert Mugabe's widow, Grace, is fretting over her son Robert Jnr's newfound acquaintances who have nudged him into embracing his father's "tormentors" in Zanu-PF, amid fears he is being exp...Published: 08 Apr 2022 at 09:23hrs | 5 | by Staff reporter
Forex auction market a perfect looting front for the connected
BUSINESSES finally had enough and told the Reserve Bank governor John Mangudya that the Zimbabwe dollar was done as a sustainable currency. They do not want it.Last Wednesday, at a review of t...Published: 14 Feb 2022 at 05:29hrs | 2 | by Staff reporter
Zimdollar: The writing is on the wall
THE United States Agency for International Development food security watchdog, the Famine Early Warning Systems Network, reported a 20% increase in the price of bread and cooking oil last month....Published: 03 Feb 2022 at 05:42hrs | | by Staff reporter
No US$ bonus for nurses
HEALTH professionals have expressed disgruntlement after some of them allegedly received their bonuses in local currency while other civil servants were struggling to access their 13th cheques at loca...Published: 03 Dec 2021 at 05:34hrs | 11 | by Staff reporter
Civil servants seek bank charges exemption
Civil servants have asked Government to engage banks so that they are exempt from paying account maintenance charges to enable them to get their bonuses in full.Civil servants will this year b...Published: 25 Nov 2021 at 07:04hrs | 10 | by Staff Reporter
Civil servant's USD bonuses rate set
Civil servants will have their US dollar bonuses calculated on the conversion rate of $97,1361 to the US dollar, the rate existing when the decision was made.The bonus will include the total o...Published: 23 Nov 2021 at 05:52hrs | 9 | by Staff reporter
Factoring 'animal spirits' into Zimbabwe's economic discourse
John Maynard Keynes is considered by many to be the most consequential economist of the past century. Perhaps one of his boldest contributions to economics was postulating, perhaps correctly, that the...Published: 18 Nov 2021 at 19:02hrs | 20 | by Simbarashe Bepete
USD cash bonuses explained
CIVIL servants and Government pensioners will receive their bonuses later this month through bank deposits into their nostro accounts, Finance and Economic Development Minister Professor Mthuli Ncube ...Published: 14 Nov 2021 at 05:38hrs | 10 | by Staff reporter
Zimta demands forex bonuses for teachers
THE Zimbabwe Teachers' Association (Zimta) has demanded that teachers' bonuses be paid in foreign currency to cushion them against inflation.Bonuses for teachers are due this month.Tea...Published: 09 Nov 2021 at 05:35hrs | 10 | by Staff reporter
'RBZ assets can't be attached'
The Reserve Bank of Zimbabwe has breathed a sigh of relief after the High Court ruled that the central bank's assets cannot be attached in a lawsuit over more than US$26 million in unsettled debt with...Published: 25 Oct 2021 at 06:22hrs | 1 | by Staff reporter
'US$500m changing hands outside banks'
ABOUT US$500 million could be circulating outside Zimbabwe's banking system, Reserve Bank of Zimbabwe (RBZ) estimates showed last week, as industries said they had raised only a fraction of billions r...Published: 08 Oct 2021 at 19:03hrs | 12 | by Staff reporter
Zifa bosses in court
Four top Zifa board members moved US$740 000 from Zifa's nostro account into the bank account of a private company belonging to one of them in 2019, allegedly to block a debtor using a courtissued gar...Published: 22 Jul 2021 at 07:44hrs | | by Staff reporter
US$53 000 fraudster who implicated Mnangagwa's son get bail
A HARARE man, who allegedly swindled a local investor of US$53 000 and implicated President Emmerson Mnangangwa's son, Collins, has been granted $10 000 bail.Sean Chiriseri (33), who appeared ...Published: 07 Jul 2021 at 11:05hrs | 2 | by Staff reporter
NGO boss swindles US$65 000
ENVIRONMENT Africa has taken it's former finance and administration manager to court after he allegedly transferred the organisation's funds amounting US$65 385 to his personal account and squan...Published: 07 Jul 2021 at 11:03hrs | 4 | by Staff reporter
Mnangagwa's son 'linked' to US$53 000 fraud
A HARARE man, who allegedly swindled a local investor of more than US$53 000, has told the court that he committed the crime on behalf of President Emmerson Mnangagwa's son, Collins.Sean Chiri...Published: 05 Jul 2021 at 06:36hrs | 8 | by Staff Reporter
Access to NMBConnect now free on Econet lines
Econet customers can now access NMBConnect, NMB Bank's Digital Branch, free of data costs. This was announced today by NMB Bank chief executive Ben Washaya, who said work was underway to conclude a si...Published: 15 Jun 2021 at 13:40hrs | 9 | by Agencies
Ex-ZBC boss trial hits snag
The trial of Former ZBC acting chief executive Wisdom Hombarume on charges of fraud, criminal abuse of office and smuggling involving over US$6 700 has hit a brick wall following indications that the ...Published: 03 Jun 2021 at 18:07hrs | 3 | by Staff reporter
90% of Zimbabwe's forex in formal market
ABOUT 90 percent of the country's foreign currency is now circulating in the formal market thereby stabilising the exchange rate and stimulating economic growth, Finance and Economic Development Minis...Published: 09 May 2021 at 08:09hrs | 11 | by Staff reporter
Zanu-PF MPs cry foul over forex accounts
Zanu-PF legislators say they are finding it increasingly difficult to conduct business because banks are rejecting their applications for foreign currency-dominated accounts citing sanctions by wester...Published: 18 Apr 2021 at 09:28hrs | | by Staff reporter
'Zanu-PF MPs blocking from opening nostro accounts'
BUHERA South MP, Joseph Chinotimba says he and some other Zanu-PF officials were struggling to find a bank that could allow them to open nostro accounts due to sanctions imposed on them by the United ...Published: 18 Apr 2021 at 08:55hrs | 4 | by Staff reporter
NMB opens Money Transfer and DSTV Centre
It is now possible to experience quick and focused service when collecting money sent from abroad and paying DSTV subscriptions. NMB Bank has opened a centre in Harare's central business district dedi...Published: 03 Mar 2021 at 13:56hrs | | by Agencies
ZACC revive probe into Zifa's US$740k transfer
ZIFA board members have one again come under the radar of the Zimbabwe Anti-Corruption Commission over the long-running saga in which US$740 000 was transferred from the association's account into a p...Published: 28 Jan 2021 at 06:25hrs | 9 | by Staff reporter
RBZ clarifies use of USD
RESERVE Bank of Zimbabwe (RBZ) Governor Dr John Mangudya has explained the use of US dollars in the country, including value and legal status of the virtual form of the greenback. This comes a...Published: 22 Dec 2020 at 06:40hrs | | by Staff reporter
Mangudya slams Ncube tariff increases
RESERVE Bank of Zimbabwe (RBZ) governor John Mangudya has launched a rare scathing attack on the government for steeply increasing tariffs for public utilities, warning the decision will have serious ...Published: 18 Dec 2020 at 06:21hrs | 2 | by Staff reporter
Mnangagwa orders US-dollar payment on foreign currency pensions
PRESIDENT Emmerson Mnangagwa Friday ordered US dollar pension pay-outs on all investments under which workers injected foreign currency.This comes after thousands of Zimbabwean workers were be...Published: 28 Nov 2020 at 07:08hrs | 1 | by Staff reporter
RBZ swoops on foreign entities
THE Reserve Bank of Zimbabwe (RBZ) has launched an investigation into the conduct of at least 15 foreign-owned companies, which have allegedly externalised millions of United States dollars, according...Published: 27 Nov 2020 at 07:07hrs | 3 | by Staff reporter
Green Fuel selling ethanol in 'real money'
ZIMBABWE'S biggest ethanol producer Green Fuel is now selling the commodity in hard cash and accepts only transfers to its nostro foreign currency account accompanied by letters from the clients' bank...Published: 20 Nov 2020 at 06:12hrs | 12 | by Staff reporter
Zimra demands US$7m fuel import duty
DIRECT Fuel Imports Group Zimbabwe (DFIGZ), a grouping of small-scale fuel procurement firms, is seeking a relief order from the High Court that will nullify demands by the Zimbabwe Revenue Authority ...Published: 06 Nov 2020 at 06:55hrs | 2 | by Staff reporter
Govt losing millions as firms evade US dollar tax
THE Zimbabwe government is being cheated of millions of United States dollars in tax revenue by businesses that are accepting foreign currency payments but not declaring or under-declaring the forex p...Published: 06 Nov 2020 at 06:47hrs | | by Staff reporter
Probe exonerates Rushwaya
A PROBE into the alleged secret nostro accounts allegedly held by suspended Zimbabwe Miners Federation (ZMF) boss Henrietta Rushwaya has absolved the former football administrator of any wrongdoing....Published: 04 Nov 2020 at 05:50hrs | 7 | by Staff reporter
Zimbabwe in state of radical uncertainty, says Prof Hawkins
Zimbabwe is in a state of radical uncertainty, economic consultant Tony Hawkins told an Association of Healthcare Funders of Zimbabwe (AHFoZ) all stakeholders webinar on health on Wednesday."I...Published: 29 Oct 2020 at 12:50hrs | 1 | by Agencies
Zesa gets nod to buy coal in forex
The government has rescinded its earlier decision to bar power utility Zesa from paying for its coal supplies in foreign currency, fearing the move could trigger crippling load shedding, Business Time...Published: 22 Oct 2020 at 07:21hrs | 3 | by Staff Reporter
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