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ZimStat confirms dominance of Zimbabwe's huge informal sector
The Zimbabwean economy is overwhelmingly dominated by informal micro-businesses, according to a preliminary report of the 2023 Economic Census released yesterday by the Zimbabwe National Statistics Ag...Published: 24 Jul 2025 at 09:32hrs | 123 | by Staff reporter
Stanbic Bank extends digital international payments offering
Harare, 21 May 2025 - Leading financial services institution, Stanbic Bank, has digitized its international payments facility for all its clients in line with its commitment to provide seamless, acces...Published: 21 May 2025 at 19:56hrs | 702 | by Agencies
Zimbabwe vendors required to use POS machines
The Government has introduced a directive requiring all vendors to use Point of Sale (POS) machines and open bank accounts as part of their registration process. This initiative, implemented in collab...Published: 13 Feb 2025 at 06:30hrs | 753 | by Staff reporter
Mnangagwa's Cabinet resolves to corner vendors
As Zimbabwe's economy continues to spiral downward, the government has introduced a series of controversial measures aimed at taxing the struggling informal sector and vendors to boost state revenue. ...Published: 12 Feb 2025 at 11:21hrs | 1253 | by Staff reporter
Mphoko leaves family legacy of ruins?
Zimbabwe's liberation struggle hero and former Vice President, Phelekezela Report Mphoko, whose death in India has left the nation in mourning, returns home tomorrow to be laid to rest in a tragic fam...Published: 12 Dec 2024 at 07:43hrs | 3701 | by Staff reporter
Zimra goes after businesses rejecting ZiG
The Zimbabwe Revenue Authority (ZIMRA) has launched a sweeping operation targeting businesses that are evading taxes and undermining the Zimbabwean currency (ZiG or ZWG) by rejecting the local currenc...Published: 27 Sep 2024 at 12:29hrs | 1398 | by Staff reporter
Zimra launches crackdown on economic saboteurs
The Zimbabwe Revenue Authority (ZIMRA) has launched a nationwide blitz targeting businesses that evade taxes and undermine the local currency, the Zimbabwe Gold (ZiG), by either rejecting it or falsel...Published: 27 Sep 2024 at 08:16hrs | 146 | by Staff reporter
ZiG manipulators face stiff sentences
Cabinet considered the report on basic commodities prices and availability and issues constraining local industry as presented by the Honourable Vice President Gen (Rtd) Dr CGDN Chiwenga. On m...Published: 07 Aug 2024 at 11:24hrs | 364 | by Staff reporter
Fintechs fly planes of cash into Zimbabwe
At least once a month - and sometimes as often as three times a week - a private plane lands in a secure part of Robert Gabriel Mugabe International Airport on the outskirts of the Zimbabwean capital,...Published: 17 Jul 2024 at 17:11hrs | 6716 | by Staff reporter
Zimbabwe CIO's business network
Zimbabwe's Central Intelligence Organisation (CIO) likely has a secret stream of money, The Sentry has found. Publicly availa...Published: 10 Jun 2024 at 17:53hrs | 116 | by Staff reporter
Zimbabwe economy edges towards full dollarisation
THE economy is edging closer to full dollarisation amid reports that the informal sector is rejecting the dual pricing regime, exclusively selling in the United States dollar.Latest figures re...Published: 09 Feb 2024 at 06:58hrs | 3 | by Staff reporter
Power Sales redefines infrastructure and strategy with market-leading technology
Power Sales, a leading wholesale clothing retail chain in Zimbabwe, had to completely revamp its systems, strategies and infrastructure in 2019. A new management team wanted to use the opportunity to ...Published: 25 Jan 2024 at 08:14hrs | 151 | by Charlote Hlangwane
Stanbic Zimbabwe rolls out cash deposit machines
Stanbic Bank Zimbabwe is introducing cash deposit machines in US dollars throughout the country as part of its ongoing digital transformation efforts as a leading financial institution.These m...Published: 01 Nov 2023 at 17:49hrs | 24 | by Staff reporter
ZEC extends election fee payment deadline
THE Zimbabwe Electoral Commission (ZEC) has extended the deadline for the payment of election fees to 4pm today, 22 June, following an outcry from some prospective candidates who failed to pay as a re...Published: 22 Jun 2023 at 17:38hrs | 3 | by Staff reporter
BCC cashier defrauds council 57 times
AN alleged cunning Bulawayo City Council cashier defrauded the local authority 57 times where in some instances he would receipt manually and not enter such payments into the respective accounts but i...Published: 18 Jun 2023 at 08:37hrs | 1 | by Staff reporter
Mthuli Ncube confronts Osiphatheleni
THERE was drama around Tredgold Building, which houses the Bulawayo Magistrate Courts yesterday, as illegal money changers ran away at the sight of the Minister of Finance and Economic Development, Pr...Published: 28 May 2023 at 08:03hrs | 4 | by Staff reporter
Bulawayo police descend on money changers
POLICE in Bulawayo have warned members of the public to desist from illegally dealing in foreign currency as they will face the full wrath of the law.Bulawayo police spokesperson Inspector Abe...Published: 24 May 2023 at 06:00hrs | 10 | by Staff reporter
Zimbabwe police raid illegal forex dealers, retrieve 11 POS machines
POLICE in Bulawayo have raided illegal foreign currency dealers and arrested six suspects linked to the abuse of Point of Sale (POS) machines to carry out illicit transactions.Bulawayo provinc...Published: 23 May 2023 at 21:16hrs | 14 | by Staff reporter
Money changers hijack POS machines for big transactions
DECKED out in trendy designer wear, clutching energy drink cans and munching take-aways while engaging in high-pitched conversations, illegal money changers, popularly known as osiphatheleni who have ...Published: 22 May 2023 at 06:35hrs | 3 | by Staff reporter
Aspiring Zanu-PF MP steals the limelight
Zanu PF aspiring candidate for Zvimba East in the primary elections; Francis Garikai Mukwangwariwa has become the talk of town for spending huge in his campaign for the party internal process as if al...Published: 23 Mar 2023 at 19:49hrs | 31 | by Simbarashe Sithole
Norsad Capital provides CABS Zimbabwe with a Medium-term Credit facility of USD10 million
Norsad Capital, an impact investor, and private creditor provider, offering tailor-made debt solutions to mid-market growth companies in Sub-Saharan Africa, has provided Central Africa Building Societ...Published: 21 Nov 2022 at 09:51hrs | 9 | by Agencies
Top officials pay ZW$100k each to fund Mnangagwa endorsement ritual as 2023 Presidential candidate
THE ruling Zanu-PF political party has issued a directive compelling top party leaders to make contributions of varying amounts ahead of the 7th National Congress, which has been thrown into jeopardy ...Published: 03 Oct 2022 at 06:18hrs | 1 | by Staff reporter
Zimbabwe's forex currency crisis worsens
An outlet in Harare's Graniteside industrial area has been turning away customers using local currency through point of sale (POS) platforms on the pretext that they are experiencing network failure....Published: 05 Jun 2022 at 09:16hrs | 10 | by Staff reporter
Schools complain over exam fees collection
SCHOOLS are left financially poorer every time they collect examination fees on behalf of the Zimbabwe Schools Examination Council (Zimsec) through bank and transport costs charges and have appealed t...Published: 17 May 2022 at 06:33hrs | 3 | by Staff reporter
Network challenges haunt Mat South villagers
FOR Mr Rapelang Nare of Buvuma area, Gwanda District in Matabeleland South Province, to make a phone call, he has to walk for about two kilometres to get to the business centre where there is network ...Published: 26 Apr 2022 at 08:20hrs | | by Staff reporter
CABS surplus doubles as lending rebounds
A RISE in non-interest income as loans went up at CABS, one of the country's biggest building societies, inspired a 130% increase in surplus in inflation adjusted terms for the year to December 2021, ...Published: 31 Mar 2022 at 08:53hrs | 4 | by Staff reporter
Employee defrauds Econet of $4 million
An Econet Zimbabwe sales consultant, who was stationed at Joina City in Harare's city centre, yesterday appeared at the Harare Magistrates Court on allegations of duping his employer of nearly $4 mill...Published: 08 Mar 2022 at 05:37hrs | 2 | by Staff reporter
Zimbabweans now big players in UK fraud scams
Another set of Zimbabweans caught and convicted in another United Kingdom (UK) Credit card fraud scam this week!"With the growth of internet usage worldwide, the UK has become a target destina...Published: 25 Feb 2022 at 07:46hrs | 2 | by Jacob Mutisi ICT EXPERT
Charges withdrawn for Simba Makoni
The State has withdrawn charges before plea against former Finance Minister Simba Makoni who was facing allegations of violating the Exchange Control Act after trading products at his Power Speed Elec...Published: 17 Feb 2022 at 18:30hrs | 2 | by Staff reporter
Man loses $20m to card clonning scammers
A Bulawayo man is counting his losses after he lost about $20 million from his bank account to alleged scammers who cloned his bank card.Although Bulawayo province spokesperson Inspector Abedn...Published: 06 Feb 2022 at 06:52hrs | 4 | by Staff reporter
Stanbic Bank rolls out one of the largest banking loyalty programmes in Zimbabwe
30 November 2021, Harare - Stanbic Bank has announced the launch of one of the largest banking loyalty programmes in the country to date.The PlusRewards programme, which will be launched today...Published: 30 Nov 2021 at 21:26hrs | 12 | by Agencies
Farm & City boss arrested for forex exchange manipulation
CFI director Chester-Noel Mutevhe has spent two nights in jail for contravening and manipulating the Exchange Control Act.Mutevhe was arrested on Wednesday and was supposed to appear in court ...Published: 15 Oct 2021 at 06:22hrs | 4 | by Staff reporter
Company bosses in court over exchange rate
THE director of Consolidated Farming Investments, trading as Farm and City, Tanaka Hofisi, yesterday appeared at the Harare Magistrates Courts on allegations of selling products using an exchange rate...Published: 12 Oct 2021 at 06:02hrs | 13 | by Staff reporter
Company bosses in court over exchange rate
THE director of Consolidated Farming Investments, trading as Farm and City, Tanaka Hofisi, yesterday appeared at the Harare Magistrates Courts on allegations of selling products using an exchange rate...Published: 12 Oct 2021 at 05:56hrs | 4 | by Staff reporter
EcoCash, swipe for spot fines at roadblocks
POLICE are rolling out a multi payment system at roadblocks across the country which will see motorists using all modes of payment and settling some of their fines on the spot.The system will ...Published: 29 Sep 2021 at 06:34hrs | | by Staff reporter
Zimbabwe needs a cyber army to protect our cyberspace
ImagIne a cyberattack on Zimbabwe's mobile money platforms, financial service networks and electronic payment platforms that include point of sale systems. These kinds of attacks have now become commo...Published: 30 Jul 2021 at 07:35hrs | 12 | by Jacob Mutisi
Zimbabwe back to trillion-figure era
THE Reserve Bank of Zimbabwe (RBZ) says the value of transactions processed through the national payment systems hit the $1,24 trillion mark during first quarter of this year, rising by 9% from $1,13 ...Published: 09 Jun 2021 at 07:18hrs | 1 | by Staff reporter
Zinara to introduce coupon system at tollgates
THE Zimbabwe National Road Administration (Zinara) is set to introduce a coupon system to address congestion at tollgates which has seen motorists spending a long time in queues. The queues ha...Published: 15 Mar 2021 at 05:02hrs | 1 | by Staff reporter
Checkpoints and supermarkets severely exposed to Covid-19
POLICE roadblocks and supermarkets are potential Covid-19 super spreaders as they are failing to adhere to basic safety precautions to contain the deadly novel virus that has ravaged the globe....Published: 19 Feb 2021 at 07:12hrs | 3 | by Staff reporter
Stanbic Bank to step up COVID-19 mitigation measures through digitisation
Leading financial services institution, Stanbic Bank, is banking on its top-notch innovative mobile and internet platforms to ensure its clients are well served throughout the 30-day lockdown....Published: 08 Jan 2021 at 11:33hrs | 13 | by Staff reporter
Stanbic shuts two more branches
STANBIC Bank Zimbabwe says it is closing branches in Hwange and Westgate, Harare, in line with its digitisation strategy.Early this year Stanbic discontinued operations at the Chitungwiza and ...Published: 04 Dec 2020 at 06:37hrs | 8 | by Staff reporter
Stanbic continues with digital banking agenda
HARARE - 30 NOVEMBER 2020 Stanbic Bank continues to implement its digitization strategy as it seeks to remain in sync with the futuristic need for technological advancement as well as the dictates of ...Published: 30 Nov 2020 at 10:44hrs | 10 | by Agencies
'Chamisa betrayed Matutu in his greatest hour of need'
Former MDC Alliance member, Tongai Matutu, who recently crossed the floor and joined the ruling Zanu-PF party in a red carpet event presided over by President Mnangagwa and his two deputies at the Sta...Published: 20 Nov 2020 at 11:45hrs | 4 | by Staff reporter
Bulawayo urban train returns
THE National Railways of Zimbabwe (NRZ) will on Monday resume urban commuter train services in Bulawayo with residents paying $16 per trip. According to the parastatal, the CityCowdray Park ro...Published: 29 Oct 2020 at 05:53hrs | | by Staff reporter
Stanbic launches contactless debit cards and POS machines
Leading financial services institution, Stanbic Bank is set to launch contactless debit cards and POS machines as the institution pushes ahead with its highly innovative technology advancement approac...Published: 09 Sep 2020 at 10:13hrs | 3 | by Staff reporter
Botswana bans use of foreign currency
Botswana citizens and travellers intending to visit Botswana have been informed that from 1 August 2019 BURS (Botswana Unified Revenue Service) will no longer accept any foreign currencies as a ...Published: 27 Jun 2019 at 15:43hrs | 15 | by Mandla Ndlovu
WANTED PERSON SOUGHT
The Zimbabwe Republic Police, Criminal Investigation Department, Commercial Crimes Division is appealing for anyone with information on the whereabouts of Simbarashe Wellington Nedahwa, N.R 63-1414867...Published: 27 Jun 2019 at 08:59hrs | 14 | by Staff reporter
Prices of basic goods going down, says Mthuli Ncube
FINANCE Minister Mthuli Ncube says prices of basic goods in terms of RTGS$ were "grossly inflated" adding that Treasury calculations indicate prices were in fact going down.But Confederation o...Published: 23 Jun 2019 at 17:39hrs | | by NewZimbabwe.com
Banks move to arrest card cloning incidents
AN increase in cases of bank card cloning fraud has resulted in some banks suspending balance inquiry on all merchant point of sale (POS) devices. Card-cloning is the production of counterfeit...Published: 23 Apr 2019 at 07:04hrs | 1 | by Staff reporter
Exchange liberalisation right step: ICAZ
THE liberalisation of the foreign exchange rate by the Reserve Bank of Zimbabwe (RBZ) in this year's Monetary Policy Statement (MPS) has standardised financial reporting and done away with distortions...Published: 27 Mar 2019 at 23:06hrs | 1 | by Staff reporter
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