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Zimbabwe's plan to make ZiG sole currency faces sharp criticism
Reserve Bank of Zimbabwe (RBZ) governor John Mushayavanhu has recently suggested making the local currency, the Zimbabwe Gold coin (ZiG), the sole legal tender in the country. Despite Mushayavanhu's c...Published: 1 hr ago | 95 | by Staff reporter
Villager loses 12 cattle in traditional court ruling
A Mazowe villager, Christopher Chisango, has won a reprieve at the High Court after successfully challenging a traditional court ruling that had ordered him to compensate a fellow villager with 12 cat...Published: 2 hrs ago | 51 | by Staff reporter
Zimbabwe eyes price relief towards end of 2025
After years of persistent inflationary pressures, Zimbabwe is approaching the latter half of 2025 with cautious optimism, as recent economic indicators and government policy measu...Published: 15 Jul 2025 at 21:56hrs | 428 | by Staff reporter
Street kid-turned-vendor convicted of fraud, theft
A former street kid who rose to prominence as a popular airtime vendor in Masvingo town has been convicted of fraud and theft after swindling two victims out of more than US$1,600. However, sentencing...Published: 14 Jul 2025 at 15:58hrs | 673 | by Staff reporter
Zimbabwe gold makes currency history
Welcome Mavingire, managing consultant at INTELLEGO Investment Consultants, has hailed the Zimbabwe Gold (ZiG) currency's recent stability as the longest sustained period for a domestic currency in th...Published: 14 Jul 2025 at 08:10hrs | 723 | by Staff reporter
'Surge in forex inflows a boon for ZiG stability'
Zimbabwe's foreign currency receipts surged by 22 percent to US$6 billion in the first five months of 2025, according to the Reserve Bank of Zimbabwe (RBZ), a development anal...Published: 14 Jul 2025 at 07:52hrs | 133 | by Staff reporter
Zimbabwe's foreign currency reserves surge
Zimbabwe's foreign currency reserves have maintained strong momentum, with the Reserve Bank of Zimbabwe (RBZ) reporting that, by the end of June 2025, the reserve holdings were more than three times h...Published: 10 Jul 2025 at 08:56hrs | 126 | by Staff reporter
EcoCash launches 'EcoCash Plus' wallet
EcoCash, Zimbabwe's leading mobile money platform, has unveiled EcoCash Plus - a specialised digital wallet designed to meet the unique needs of small and medium enterprises (SMEs), vendors, and servi...Published: 09 Jul 2025 at 18:06hrs | 826 | by Staff reporter
UK-based couple files complaint against Bulawayo prosecutors
A Bulawayo couple now living in the United Kingdom has lodged a formal complaint against prosecutors at the Bulawayo Tredgold Courts over delays and alleged mishandling of a fraud case involving a wom...Published: 07 Jul 2025 at 08:47hrs | 2100 | by Staff reporter
Gambling is devouring Zimbabwe's youth faster than drugs
Zimbabwe is witnessing a disturbing surge in gambling addiction, a crisis that is fast becoming as destructive as the country's long-running drug epidemic. The explosion of betting, particularly among...Published: 07 Jul 2025 at 08:42hrs | 269 | by Staff reporter
Mozambican vendors invade Zimbabwe
On January 2, 2025, 18-year-old Castigo Quembo from Matazi village near Manica in Mozambique left home and crossed into Zimbabwe through an illegal entry point close to the Machipanda-Forbes Border Po...Published: 06 Jul 2025 at 12:35hrs | 2126 | by Staff reporter
Internal disputes rock Highlanders
Premiership side Highlanders Football Club continues to grapple with internal conflicts as revelations emerge about questionable financial practices within the club's executive. Reliable insiders have...Published: 05 Jul 2025 at 15:32hrs | 740 | by Staff reporter
Zimbabwe govt privatising prisons?
Zimbabwe is embarking on a fresh push to reform its prison rehabilitation system, aiming to better prepare inmates for reintegration into society. This initiative, announced recently by Cabinet, inclu...Published: 05 Jul 2025 at 14:59hrs | 312 | by Staff reporter
Scammers breach CVR database
A sophisticated scam targeting newly licensed drivers has rocked Zimbabwe's Central Vehicle Registry (CVR), with fraudsters allegedly breaching the agency's database and sending fake messages demandin...Published: 03 Jul 2025 at 19:16hrs | 1038 | by Staff reporter
Bail ruling set for Ecobank fraud suspects
Three men accused of defrauding Ecobank of US$73,000 through a company called Jerrypat Electricals (Pvt) Ltd are set to appear in court tomorrow for a bail ruling.The accused, Nigel Gwanzura, ...Published: 03 Jul 2025 at 09:25hrs | 635 | by Staff reporter
First Mutual Holdings suffers US$27 million loss
Financial services group First Mutual Holdings Limited (FMHL) has reported a significant after-tax loss of US$27.11 million for the financial year ended December 31, 2024, reversing the previous year'...Published: 02 Jul 2025 at 12:05hrs | 229 | by Staff reporter
Zimbabwe cannot fund large-scale projects without monetary autonomy
Zimbabwe's economic debate is often framed through the lens of inflation control, exchange rate stability, and the day-to-day functionality of the US dollar in domestic transactions.Yet, benea...Published: 01 Jul 2025 at 12:05hrs | 191 | by Brighton Musonza
'Bring in ZACC to clean up Highlanders'
Highlanders Football Club is currently engulfed in a storm of controversy following the sudden resignation of Acting CEO Kindman Ndlovu, who last week submitted a scathing letter citing a toxic workin...Published: 30 Jun 2025 at 13:14hrs | 339 | by Staff reporter
Zimbabwe's monthly inflation eases to 0.3%
Zimbabwe's month-on-month inflation rate eased to 0.3% in June 2025, shedding 0.6 percentage points from the May figure of 0.9%, according to data released by the Zimbabwe National Statistics Agency (...Published: 30 Jun 2025 at 09:03hrs | 250 | by Staff reporter
Pearls cast before a swine: does not know what to do with them
Power was trust upon him: Chamisa was literally given power by former President Tsvangirai on his death bed. He was terminally ill; it was a matter of days and hours; Tsvangirai died leaving Chamisa b...Published: 29 Jun 2025 at 12:31hrs | 396 | by Nomazulu Thata
Zimbabwe banks process R6bn via regional payment systems
Zimbabwean banks processed transactions worth R6.09 billion (approximately US$339 million) through the Southern African Development Community Real-Time Gross Settlement System (SADC-RTGS) in 2024, mar...Published: 27 Jun 2025 at 18:32hrs | 279 | by Staff reporter
Chiyangwa locked up over US$583 660 cryptocurrency fraud
A Harare woman, Melissa Messe Samantha Chiyangwa, appeared in court this week charged with swindling a prominent eye specialist of nearly US$600,000 in a complex cryptocurrency scam spanning over two ...Published: 27 Jun 2025 at 15:19hrs | 760 | by Staff reporter
Biti, Kasukuwere gang up against Tagwirei
Former cabinet ministers Saviour Kasukuwere and Tendai Biti have publicly condemned controversial businessman Kudakwashe Tagwirei, branding him as the "face of corruption" whose growing influence with...Published: 27 Jun 2025 at 09:36hrs | 1124 | by Staff reporter
Zimra faces deepening tax enforcement crisis
The Zimbabwe Revenue Authority (ZIMRA) is grappling with a growing tax enforcement crisis as the dominance of the cash economy, rampant informality, and high-profile tax disputes expose critical weakn...Published: 26 Jun 2025 at 11:26hrs | 1636 | by Staff reporter
Zimbabwe Parliament demands removal of punitive taxes
Parliament has sharply escalated pressure on Treasury to urgently scrap punitive taxes, including the highly contentious 2% Intermediated Money Transfer Tax (IMTT), by August 31, 2025, in a bid to hal...Published: 26 Jun 2025 at 11:25hrs | 1722 | by Staff reporter
Dr Guramatunhu loses money in cryptocurrency scam
Renowned ophthalmologist Dr Solomon Guramatunhu has reportedly lost more than US$583,000 in a cryptocurrency scam allegedly orchestrated by a business associate and her husband, a Harare court heard y...Published: 25 Jun 2025 at 15:20hrs | 901 | by Staff reporter
Online investment scam backfires for EcoCash agents
An attempt to make quick profits through an online investment scheme ended disastrously for two Mutare women who were convicted of fraud after misusing their employer's US$1,500. The crime came to lig...Published: 25 Jun 2025 at 12:34hrs | 1161 | by Staff reporter
It will take more than Mnangagwa's gold vault tour to restore public trust in the ZiG
There's a saying: trust is built over time - but can be destroyed in an instant, and once broken, confidence is not only shattered, but painfully difficult to rebuild.President Emmerson Mnanga...Published: 23 Jun 2025 at 18:56hrs | 351 | by Tendai Ruben Mbofana
3 Zimbabweans arrested for investment fraud in India
Kolkata Police arrested three Zimbabwean nationals - Tinashe Gadzikwa Praise (22), Malvern Matungamire (25), and Nyamhunga Lenon Kudakwashe (23) - from separate apartments in Mohali's Kharar area, Pun...Published: 23 Jun 2025 at 10:59hrs | 310 | by Staff reporter
Woes mount for Zimbabwe formal businesses\
Informal traders who largely evade taxes and levies are placing formal retail and wholesale businesses in Zimbabwe at a significant competitive disadvantage, burdened by a heavy and complex taxation r...Published: 23 Jun 2025 at 10:58hrs | 245 | by Staff reporter
The death of an African President: Advocate Edgar Lungu!
The philosophy of Ubuntu will not allow me to talk about former President Edgar Lungu using outdoor language. Africa is rid of a ruler that destroyed the image of the African continent; we are yet to ...Published: 23 Jun 2025 at 10:48hrs | 497 | by Nomazulu Thata
EcoCash launches Ziyawa promotion with over 200,000 prizes
EcoCash has officially launched the seventh edition of its popular ChakaChaya/Ziyawa neEcoCash promotion, offering more than 200,000 customers the chance to win prizes that range from household applia...Published: 23 Jun 2025 at 10:28hrs | 203 | by Staff reporter
Bulawayo pair jailed for selling same stand twice
Two Bulawayo residents, Henessy Dube (46) and Flora Moyo (45), have been jailed for fraud after they were found guilty of duping a homebuyer by selling a residential stand in Highmount to two differen...Published: 23 Jun 2025 at 10:24hrs | 261 | by Staff reporter
ZiG usage surges to half of all transactions in Zimbabwe
Nearly half of all transactions processed through Zimbabwe's National Payment System are now being conducted in Zimbabwe Gold (ZiG), marking a dramatic rise in adoption of the country's gold-backed cu...Published: 22 Jun 2025 at 11:05hrs | 1785 | by Staff reporter
Lake Kariba black market fish trade fuels illicit financial flow
A booming black market fish trade along Lake Kariba, driven by the illegal use of cheap twine nets, is undermining Zimbabwe's formal fishing economy and fuelling millions of dollars in illicit financi...Published: 22 Jun 2025 at 09:08hrs | 217 | by Staff reporter
Former soldier loses pension in fraud scheme by ex-colleague
A former Zimbabwe National Army (ZNA) member, Forward Mapfunde of Warren Park D in Harare, is counting significant losses after his pension funds were fraudulently stolen by a former colleague who ret...Published: 21 Jun 2025 at 09:48hrs | 256 | by Staff reporter
ZACC joins fight against education corruption
The Ministry of Primary and Secondary Education has intensified efforts to root out corruption in schools across Manicaland by enlisting the Zimbabwe Anti-Corruption Commission (ZACC) and the po...Published: 21 Jun 2025 at 09:34hrs | 116 | by Staff reporter
Fresh details on collapsed US$2,5bn CBZ bid emerge
An ambitious plan by CBZ Holdings to create Zimbabwe's largest financial services powerhouse has collapsed after the Competition and Tariff Commission (CTC) imposed a series of restrictive conditions ...Published: 20 Jun 2025 at 17:36hrs | 186 | by Staff reporter
Mushayavanhu under fire for outdated monetary assumptions
Reserve Bank of Zimbabwe (RBZ) governor John Mushayavanhu is facing mounting criticism over his persistent claim that the ZiG, Zimbabwe's embattled local currency, can only be strong if it is backed b...Published: 20 Jun 2025 at 16:32hrs | 487 | by Staff reporter
IMF withholds Zimbabwe reform programme
The International Monetary Fund (IMF) has signalled that Zimbabwe's much-anticipated Staff Monitored Programme (SMP) - a critical step in the country's economic reform and debt resolution strategy - w...Published: 20 Jun 2025 at 07:39hrs | 2205 | by Staff reporter
CVR online scams on the rise
The Ministry of Transport and Infrastructural Development has raised the alarm over a surge in online scams targeting citizens seeking services from the Central Vehicle Registry (CVR). In an official ...Published: 19 Jun 2025 at 16:52hrs | 428 | by Staff reporter
Mukuru named among top cross-border payment providers
Mukuru, a leading next-generation financial services platform, has once again secured its position among the world's most influential cross-border payment providers, earning a spot on the 2025 F...Published: 19 Jun 2025 at 11:25hrs | 252 | by Staff reporter
Mthuli Ncube under pressure to ease tax burden
Finance, Economic Development and Investment Promotion Minister Professor Mthuli Ncube is facing mounting pressure from business leaders and economists to overhaul Zimbabwe's tax regime, with demands ...Published: 19 Jun 2025 at 11:24hrs | 1281 | by Staff reporter
The Real Reason Small Brands Are Winning on Social Media in 2025
I work with brands for a living - large, small, and those still being managed from the back room of someone's apartment. And here's the wild part: in 2025, it's not the big players scoring the wins on...Published: 19 Jun 2025 at 10:06hrs | 152 | by Staff Reporter
Zimbabwe rebuilds correspondent banking ties
The Bankers Association of Zimbabwe (BAZ) has confirmed that some regional and niche international financial institutions have begun cautiously re-engaging with Zimbabwean banks, following the lifting...Published: 19 Jun 2025 at 07:10hrs | 153 | by Staff reporter
Chamisa berates Chivayo's cancer machines tender
Former opposition leader Nelson Chamisa has sharply criticised the government's decision to award a lucrative tender for cancer treatment machines to Wicknell Chivayo, a known ZANU PF member and busin...Published: 18 Jun 2025 at 18:34hrs | 1369 | by Staff reporter
'Zimbabwe gold-backed currency stable' but ...
Zimbabwe's gold-backed currency now has more than 100% reserve cover and is stable, according to the central bank, but doubts over its credibility remain, underscored by a persistent premium in the pa...Published: 18 Jun 2025 at 18:30hrs | 343 | by Staff reporter
RBZ says there is enough ZWG supply
The Reserve Bank of Zimbabwe (RBZ) has assured the public that there are sufficient stocks of the Zimbabwe Gold (ZWG) notes in circulation to meet current demand, despite widespread complaints across ...Published: 18 Jun 2025 at 07:32hrs | 160 | by Staff reporter
Nick Mangwana defends $439 million no-tender deal for cancer equipment
The Zimbabwean government has come under intense public scrutiny following confirmation that it awarded a US$439 million cancer treatment equipment contract to a South African company without going th...Published: 17 Jun 2025 at 17:48hrs | 1286 | by Staff reporter
Zimbabwe banks ready to dispense ZiG from ATMs
The Reserve Bank of Zimbabwe (RBZ) has sought to ease public concerns over the scarcity of the Zimbabwe Gold currency, commonly known as ZiG, assuring that the currency is becoming increasingly access...Published: 16 Jun 2025 at 14:52hrs | 137 | by Staff reporter
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