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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: 11 hrs ago | 1592 | 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: 24 hrs ago | 1549 | by Staff reporter
New RBZ Governor to hit the ground running
Incoming Reserve Bank of Zimbabwe governor John Mushayavanhu is set to hit the ground running after his official appointment from today - 28 March 2024 - for a five year tenure to 27 March 2029 with i...Published: 24 hrs ago | 564 | by Staff reporter
Tagwirei amassed his wealth through legal means
Former opposition politician Eddie Cross has defended Zanu-PF-affiliated business magnate Kudakwashe Tagwirei, asserting that the billionaire's wealth was accumulated through lawful means.Tagw...Published: 25 Mar 2024 at 06:31hrs | 1980 | by Staff reporter
Businessman seeks police boss' help
The director of Marondera- based Eagle Italian Leather and Shoes Company, Francesco Marconati, has pleaded with ZRP Commissioner- General Godwin Matanga to intervene and order the arrest of his former...Published: 25 Mar 2024 at 05:29hrs | 675 | by Staff reporter
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 | 110 | by Staff Reporter
Mnangagwa's Mutapa fund plots parastatals shake-up
The MUTAPA Investment Fund (MIF), previously criticized as a conduit for elite enrichment, has declared its commitment to establishing robust governance frameworks aimed at reining in reluctant State ...Published: 11 Mar 2024 at 04:57hrs | 1034 | by Staff reporter
Zimbabwe gold deliveries to Fidelity continue to decline
According to the latest official data, there has been a significant decrease in GOLD deliveries to Fidelity Printers and Refineries (FPR).Statistics from FPR indicate a 22% drop in gold delive...Published: 10 Mar 2024 at 06:28hrs | 201 | by Staff reporter
Gold set to anchor Zimbabwe dollar
GOLD has emerged as the most ideal instrument likely to be used to anchor the structured currency the Government is pursuing to stabilise the exchange rate and curtail persistent inflation.The...Published: 10 Mar 2024 at 06:23hrs | 156 | by Staff reporter
Swiss company loses US$270K court challenge
SWITZERLAND-REGISTERED energy firm, Addax Energy SA, has lost a High Court bid to force a local company to settle an outstanding fuel debt of US$269 735,88 in foreign currency.Addax Energy cit...Published: 07 Mar 2024 at 05:10hrs | 282 | by Staff reporter
Mnangagwa regime doing the work of US sanctions in Zimbabwe!
My own views on this sanctions issue have always been that we needed to prove these measures were the cause of our suffering. I have never denied that there have been targeted sanctions impose...Published: 06 Mar 2024 at 23:01hrs | 404 | by Tendai Ruben Mbofana
Ex-Indian soldiers in murky deals
SUSPECTED former Indian army officers, who have been operating in Mozambique's troubled northern province of Cabo Delgado region, have reportedly settled in Zimbabwe, where they are allegedly operatin...Published: 05 Mar 2024 at 05:01hrs | 1542 | by Staff reporter
Gold Mafia exposes Mnangagwa's US$240m election war chest
SELF-STYLED prophet and President Emmerson Mnangagwa's ambassador-at-large Uebert Madzanire, aka Uebert Angel, has claimed that Mnangagwa will spend US$240 million for his re-election bid.Appe...Published: 26 Feb 2024 at 04:55hrs | 2713 | 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 | 1204 | by Staff reporter
IMF trashes Zimbabwe inflation statistics
Government last year directed the Zimbabwe National Statistics Agency (Zimstat) to stop publishing local currency indexed inflation and switch to the blended rate, which it said was ideal as the count...Published: 16 Feb 2024 at 15:22hrs | 575 | by Staff reporter
IMF not ready to extend financial support to Zimbabwe
THE International Monetary Fund's (IMF) two-week-long high-level visit ended on Wednesday amid revelations that no financial support will be extended to Zimbabwe without authorities undertaking seriou...Published: 15 Feb 2024 at 10:08hrs | 506 | 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
Mnangagwa govt is getting crazier
IF you are a Zimbabwean citizen or resident and still want to live on, you need super strong shock absorbers because the Mnangagwa administration is capable of crazy things that can easily kill you....Published: 11 Feb 2024 at 21:07hrs | 741 | by Staff reporter
Mnangagwa hints at more policies to deal Zimdollar
President Emmerson Mnangagwa has disclosed plans for the Reserve Bank of Zimbabwe (RBZ) and the Ministry of Finance to introduce a comprehensive set of new policies aimed at rescuing the nation's seve...Published: 07 Feb 2024 at 04:49hrs | 1265 | by Staff reporter
ZACC swoops on VID officer to explain wealth
The Zimbabwe Anti-Corruption Commission (ZACC) yesterday swooped on a senior Vehicle Inspectorate Department (VID) officer deployed to Beitbridge and ordered him to explain how he became a business ty...Published: 07 Feb 2024 at 04:39hrs | 3289 | by Staff reporter
Ex-RBZ workers win labour row
THE Reserve Bank of Zimbabwe has been ordered to pay a group of 168 retrenched former security officers' salary arrears accrued over two years, putting to rest a 15-year-old labour dispute. Th...Published: 05 Feb 2024 at 04:09hrs | 546 | by Staff reporter
Lawyer sues journalist over 'falsehoods'
Prominent lawyer Tino Chinyoka has sued a journalist from a state owned publication for US$100 000 for allegedly publishing falsehoods where he claimed a magistrate stopped a lawyer from lying in cour...Published: 04 Feb 2024 at 17:37hrs | 278 | by Staff reporter
Zimbabwe forex policy chokes exporters
LISTED agricultural concern Ariston Holdings says the 25% export retention coupled with the huge disparity between the interbank exchange rate and the fair market rate used by suppliers is making some...Published: 31 Jan 2024 at 06:59hrs | 452 | by Staff reporter
Foreign investors ditch Zimbabwe capital markets
FOREIGN investors continue to lower their interest on the local capital markets, with investor participation on annual value traded averaging 3%, due to policy inconsistency and inflation, leading res...Published: 30 Jan 2024 at 07:47hrs | 248 | by Staff reporter
Delta, Zimra fight over US$ 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 | 756 | 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
ZWL$12b windfall for Bulawayo roads
BULAWAYO City Council (BCC) is set to receive a ZWL$12 billion windfall from the Zimbabwe National Roads Administration (Zinara) for road rehabilitation.According to latest council minutes, Zi...Published: 07 Jan 2024 at 17:38hrs | 175 | by Staff reporter
Zimdollar bloodbath set to continue into coming year
THE depreciation of the Zimbabwe dollar in 2023 is likely to spill into 2024, with experts forecasting an increase in the cost of doing business, production and increased pressure on the exchange rate...Published: 30 Dec 2023 at 16:33hrs | 4720 | by Staff reporter
Minerals, tobacco dominate Zimbabwe's export list
In the third quarter of the year, Zimbabwe's export landscape continued to be dominated by raw minerals and tobacco, as outlined in the Reserve Bank of Zimbabwe's (RBZ) third-quarter report.Ac...Published: 27 Dec 2023 at 15:09hrs | 152 | 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
World Bank hails Zimbabwe's tight Monetary Policy stance
THE World Bank (WB) has commended the Reserve Bank of Zimbabwe (RBZ) for putting in place a tight Monetary Policy alongside other interventions which have managed to ease inflationary pressures....Published: 14 Dec 2023 at 03:57hrs | 684 | 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 | 3754 | 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 | 502 | 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 | 1064 | 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 | 1696 | by Staff reporter
Zimbabwe central bank fails to pay Equatorial Guinea debt for 40MW solar project
The Reserve Bank of Zimbabwe (RBZ) has reportedly failed to fulfill part of its debt to Equatorial Guinea for a local investment in a 40MW solar project in Bwoni Village, Seke District, according to i...Published: 08 Dec 2023 at 05:39hrs | 392 | by Staff reporter
Varun's plea to curb imported energy drinks goes flat
Competition regulators have turned down a request by Varun Beverages, the bottler of Pepsi in Zimbabwe, to restrict imported energy drinks.Imports of energy drinks have surged by over 7 000% s...Published: 03 Dec 2023 at 17:30hrs | 209 | by Staff reporter
Red flag raised over mess at Deeds Office
SHAMBOLIC record-keeping at the Department of Deeds, Companies and Intellectual Property could compromise Zimbabwe's listing as a low-risk country for money laundering and financing of terrorism by th...Published: 03 Dec 2023 at 10:32hrs | 97 | by Staff reporter
Minister loses money to fraudsters
CCC MP calls out delays in RBZ's currency auctionAn opposition legislator has raised concern over delays in the disbursement of foreign currency from the Reserve Bank of Zimbabwe (RBZ)'s auction s...Published: 30 Nov 2023 at 06:55hrs | 1127 | by Staff reporter
RBZ withdraws Avis Bank's licence for failing to start operations
The Reserve Bank of Zimbabwe (RBZ) has cancelled Avis Bank Limited licence after the financial institution failed to commence operations as per registration requirements.According to Legal Ide...Published: 25 Nov 2023 at 07:50hrs | 206 | by Staff reporter
Zimra loses case to terminate 85 vehicles deal
THE Zimbabwe Revenue Authority has lost its bid to cancel a tender for the supply of 85 vehicles worth more than US$3,9 million after the High Court Commercial Division threw out the appeal.&n...Published: 24 Nov 2023 at 05:32hrs | 276 | by Staff reporter
Zimdollar maintains stable range on RBZ Auction, parallel market
The Zimbabwean dollar has maintained a stable range on both the Reserve Bank of Zimbabwe (RBZ) Foreign Exchange Auction and the parallel market platforms in recent weeks, according to a trading update...Published: 23 Nov 2023 at 05:45hrs | 873 | by Staff reporter
Businessman takes US$19,5m claim to Supreme Court
AL Shams Global BVI Ltd, a company owned by businessman Jayesh Shah, has filed an appeal at the Supreme Court seeking to reverse a High Court judgment which dismissed a US$19,5 million damages claim f...Published: 23 Nov 2023 at 05:37hrs | 186 | by Staff reporter
Gono loses property
Gideon Gono, the former governor of the Reserve Bank of Zimbabwe, has reportedly lost ownership of Valley Lodge, a property in Manicaland province, to an estate agent who allegedly manipulated the reg...Published: 16 Nov 2023 at 12:55hrs | 11179 | by Staff Reporter
Henrietta Rushwaya judge gets US$400,000 house on eve of sentencing
A judge set to deliver judgment in Henrietta Rushwaya's gold smuggling trial was given a house by the government last Friday, ZimLive can reveal.The transaction was approved by chief cabinet s...Published: 15 Nov 2023 at 05:21hrs | 4230 | by Staff reporter
Rushwaya deserves a harsh sentence
THE State yesterday said Zimbabwe Miners Federation president, Henrietta Rushwaya, deserves a harsh custodial sentence following her conviction on charges of attempting to smuggle 6 kilogrammes of gol...Published: 15 Nov 2023 at 05:14hrs | 1796 | 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 | 341 | by Staff reporter
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