Search / Saction
Zimbabwean accountant's estate sequestrated for R17 million fraud
A Zimbabwean accountant has had his estate finally sequestrated after stealing millions of rand from his former employer, Johannesburg-based non-profit company Education and Training Unit (ETU)....Published: 29 Aug 2025 at 07:20hrs | 1412 | by Staff reporter
High bank charges hindering financial inclusion in Zimbabwe
High bank charges imposed by local financial institutions are choking financial inclusion in Zimbabwe and running contrary to best practices across the region, a new National Economic Consultative For...Published: 29 Aug 2025 at 06:01hrs | 522 | by Staff reporter
Zinara licensing promotion draws huge crowds
The Zimbabwe National Road Administration (Zinara) stand has become one of the busiest attractions at the Zimbabwe Agricultural Show in Harare, as motorists flock to take advantage of the authority's ...Published: 28 Aug 2025 at 22:40hrs | 386 | by Staff reporter
RBZ slams Zimbabwe banks over punitive fees
Zimbabwe's banks are facing criticism from both depositors and the Reserve Bank of Zimbabwe (RBZ) over the imposition of high fees and charges, which are increasingly seen as exploitative.RBZ ...Published: 28 Aug 2025 at 22:32hrs | 152 | by Staff reporter
Prominent businessman remanded over US$208,000 fraud allegations
Harare businessman Never Mhlanga, chairman of the Zimbabwe Insurance Brokers, has been remanded in custody following allegations of fraud involving US$208,500.Mhlanga appeared before Harare Re...Published: 27 Aug 2025 at 23:01hrs | 488 | by Staff reporter
Harare fails to act on 27 of 28 audit red flags
Residents of Harare have condemned the city council for what they describe as gross negligence, following the Auditor General's 2023 annual report, which revealed that the local authority failed to ac...Published: 27 Aug 2025 at 05:51hrs | 161 | by Staff reporter
Top Zimbabwe business executive arrested for fraud
Prominent corporate executive Never Mhlanga is expected to appear in court this morning facing fraud charges linked to the controversial sale of Montclair Hotel and Casino in Juliasdale, Nyanga, to th...Published: 26 Aug 2025 at 13:09hrs | 2835 | by Staff reporter
Britain cosies up to Zimbabwe
In early June, Britain's Africa minister Lord Collins flew to Harare to meet Zimbabwe's octogenarian president, Emmerson Mnangagwa.The meeting in the capital city, which focused on trade betwe...Published: 26 Aug 2025 at 08:08hrs | 1697 | by Staff reporter
RBZ begins production of redesigned ZiG banknotes
The Reserve Bank of Zimbabwe (RBZ) has commenced production of redesigned ZiG banknotes, set to enter circulation soon as part of the central bank's de-dollarisation roadmap, which targets a transitio...Published: 26 Aug 2025 at 07:55hrs | 492 | by Staff reporter
Mutingwende linked to major land fraud
Aspire Mutingwende, chairperson of the Children of War Veterans and Heroes Dependants Forum, has been implicated in a high-profile land fraud case in Harare.According to Windmill (Private) Lim...Published: 25 Aug 2025 at 21:11hrs | 260 | by Staff reporter
Zimbabwe is losing over US$6bn to illicit financial flows
Zimbabwe is losing an estimated US$6,15 billion to illicit financial flows (IFFs) between 2020 and 2025, a drain that experts say is depriving the country of critical resources needed for development....Published: 25 Aug 2025 at 06:01hrs | 263 | by Staff reporter
RBZ to engage mobile operators on currency parity
The Reserve Bank of Zimbabwe (RBZ) has announced plans to work with mobile network operators to ensure parity in trading between the local gold-backed Zimbabwe Gold (ZiG) currency and the US dollar un...Published: 25 Aug 2025 at 06:00hrs | 423 | by Staff reporter
RBZ guarantees US$ contracts beyond 2030
The Reserve Bank of Zimbabwe (RBZ) has reassured markets that U.S. dollar contracts will remain valid even after the government's 2030 de-dollarisation deadline, a major policy shift aimed at preventi...Published: 24 Aug 2025 at 19:19hrs | 370 | by Staff reporter
Harare suburban office rentals surge
Rental rates for office space in Harare's suburbs have jumped by 20% over the past year, as corporates accelerate their decade-long migration from the city's central business district (CBD), a new rep...Published: 23 Aug 2025 at 18:04hrs | 460 | by Staff reporter
Zimbabwe FIU fines 4 banks over weak AML Controls
Zimbabwe's Financial Intelligence Unit (FIU) fined four banks up to US$30 000 each last year after uncovering serious lapses in anti-money laundering (AML) and counter-terrorist financing (CFT) system...Published: 22 Aug 2025 at 13:20hrs | 448 | by Staff reporter
Founders High deputy head fined over dodgy bus hire deal
FOUNDERS High School deputy headmaster, Nkosana Mlibazi (47), has been fined US$200 after being convicted in a botched bus hire transaction that embarrassed him before colleagues and dragged him to co...Published: 22 Aug 2025 at 09:39hrs | 398 | by Staff reporter
Fong-kong receipts alleged in Highlanders FC player deal
Bulawayo Chiefs Football Club president, Mr Lovemore Sibanda, has told the court that receipts issued for the transfer of two of his club's players to Highlanders FC were fake.Mr Sibanda testi...Published: 21 Aug 2025 at 16:20hrs | 583 | by Staff reporter
Employees in $1.5 million illegal forex transfers to UAE
Two employees of a Harare-based company have appeared in court for allegedly operating an unlicensed money transfer business that moved more than US$1.5 million offshore.Kudzai Munatsi, 37, of...Published: 21 Aug 2025 at 08:46hrs | 401 | by Staff reporter
RBZ restores RTGS system after technical fault
The Reserve Bank of Zimbabwe (RBZ) says it has restored the Real Time Gross Settlement (RTGS) system following a technical fault that disrupted transfers and some cross-border transactions since Tuesd...Published: 20 Aug 2025 at 18:16hrs | 329 | by Staff reporter
Zimbabwean startups join Visa's Fintech Accelerator
Zimbabwe's fintech ecosystem is gaining international recognition as two local startups, ChatCash and BigDot.ai, have been selected among 22 companies for Visa's Fourth Africa Fintech Accelerator. The...Published: 19 Aug 2025 at 12:06hrs | 203 | by Staff reporter
Digital shift boosts Zimbabwe's tax collections
Zimbabwe's domestic resource mobilisation drive has received a significant boost following the launch of a fully digital tax collection system, a move set to improve efficiency, reduce costs, save tim...Published: 19 Aug 2025 at 09:02hrs | 142 | by Staff reporter
High court reopens Sakala lottery feud
The High Court has breathed new life into a bruising family feud over a multimillion-dollar lottery fortune after overturning a default judgment that had handed victory to the estate of the late Agnes...Published: 19 Aug 2025 at 08:59hrs | 408 | by Staff reporter
ZiG gains traction in domestic transactions
The Zimbabwe Gold (ZiG) currency is gaining momentum in the domestic financial system, now accounting for 40 percent of electronic payment transactions, six months after a strategic push by the Reserv...Published: 19 Aug 2025 at 08:53hrs | 133 | by Staff reporter
Chiwenga takes fresh swipe at Wicknell Chivayo
Vice President Constantino Chiwenga has taken a fresh swipe at controversial businessman Wicknell Chivayo, warning that his practice of doling out vehicles and cash handouts to individuals of his choo...Published: 18 Aug 2025 at 16:23hrs | 1832 | by Staff reporter
Elderly woman loses US$45 000 in botched stand deal
An 80-year-old woman from Greendale, Harare, has lost US$45 000 after being duped in a fraudulent residential stand transaction.The victim, Theresa Marume, was misled into paying the full amou...Published: 18 Aug 2025 at 08:43hrs | 1003 | by Staff reporter
Gweru fails to confirm receipt of ZWL$226,9m govt grant
Gweru City Council has once again come under scrutiny after the Auditor-General's (AG) 2024 report revealed serious financial irregularities, including failure to confirm receipt of a ZWL226,9 million...Published: 18 Aug 2025 at 08:39hrs | 149 | by Staff reporter
RioZimbabwe to appeal ruling in assets disposal fight
RioZim Limited says it will appeal against an interim relief granted in favour of the Zimbabwe Diamond & Allied Minerals Workers Union (ZDAMWU), which represents some of the company's employees in...Published: 18 Aug 2025 at 08:37hrs | 109 | by Staff reporter
Man jailed for squandering US$2,640 airtime cash
A 27-year-old man from Binga has been jailed for effectively eight months after squandering US$2,640 that had been entrusted to him to buy airtime recharge cards for resale.Kelvin Muzamba appe...Published: 17 Aug 2025 at 15:09hrs | 278 | by Staff reporter
NHS hit by pension scandal
Zimbabwe's state-controlled National Handling Services (NHS) is facing a serious corporate governance and financial scandal, with reports of unremitted pension funds totaling nearly US$1 million and q...Published: 17 Aug 2025 at 09:59hrs | 292 | by Staff rporter
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: 16 Aug 2025 at 13:25hrs | 162 | 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: 16 Aug 2025 at 13:13hrs | 477 | 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 | 417 | 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 | 527 | 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 | 405 | 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 | 186 | by Staff reporter
Zimbabwe tightens carbon market regulations
Zimbabwe has lost tens of millions of United States dollars over the years through unregulated carbon credit trade, prompting the Government to introduce strict new regulations and a national registry...Published: 14 Aug 2025 at 14:48hrs | 146 | 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 | 997 | by Staff reporter
British soldiers using sex workers in Kenya
An investigation by the British Army has revealed that some personnel stationed at the British Army Training Unit Kenya (Batuk) continue to engage sex workers despite a formal ban, with the practice o...Published: 14 Aug 2025 at 10:36hrs | 332 | by Staff reporter
2030: Zimbabwe will be using domestic currency
THE Reserve Bank of Zimbabwe (RBZ) has announced plans for a structured transition from the current multicurrency system to a domestic monetary framework, aimed at ensuring business continuity and eco...Published: 13 Aug 2025 at 12:35hrs | 454 | 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 | 272 | 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 | 207 | 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 | 318 | by Staff reporter
SA police hunt for Zimbabwean gold mining kingpin
The National Prosecuting Authority (NPA) has amended the indictment against eight suspects accused of involvement in an alleged illegal mining syndicate following the repeated failure of the suspected...Published: 10 Aug 2025 at 10:07hrs | 1049 | 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 | 478 | by Staff reporter
Logistics firm in exchange control violation
Mapho Tradelink Procurement and Logistics Private Limited, a leading procurement and logistics company, has been taken to court for allegedly breaching the Exchange Control Act by making payments exce...Published: 08 Aug 2025 at 13:08hrs | 198 | 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 | 159 | by Staff reporter
BitStarz casino review for Australian Players - Crypto, Pokies & Bonuses
BitStarz Casino Australia attracts attention in the local online gambling market due to its wide selection of pokies, cryptocurrency support, and diverse promotions. This site operate...Published: 07 Aug 2025 at 16:26hrs | 47 | by Staff Reporter
Zimbabwe Company Director Arrested Over US$6 Million LP Gas Forex Scandal
The National Prosecuting Authority of Zimbabwe (NPAZ) has announced the arrest of businessman Grant Chitate and his company Wellington Thulisa (Pvt) Ltd in connection with a massive foreign currency v...Published: 06 Aug 2025 at 16:35hrs | 348 | by Stephen Jakes
Police deploy for holidays, warn reckless motorists
The Zimbabwe Republic Police (ZRP) has rolled out extensive deployments across the country's roads, residential areas, industrial zones, and Central Business Districts (CBDs) to ensure peace, law, and...Published: 06 Aug 2025 at 14:33hrs | 169 | by Staff reporter
Standoff erupts between Zimpapers board and management
A major standoff has erupted between the Zimpapers board and management, and three former company executives dismissed in January over allegations of corruption and fraud, as the board insists no exit...Published: 06 Aug 2025 at 09:41hrs | 622 | by Staff reporter
Load More Stories
