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Zimbabwe's pension crisis: Full compensation for 2008 losses may take 100 years
Zimbabwe's pension funds have sounded the alarm over their inability to compensate retirees who lost their life savings during the 2008 economic collapse, warning that, at current fund levels, full re...Published: 30 May 2025 at 12:08hrs | 219 | by Staff reporter
Harare City Council remains silent on Donnybrook land dispute
A bitter land ownership dispute between two developers, Shelter Zimbabwe and Highserv Payscheme, has thrown residents of the Donnybrook-Chizhanje area in Mabvuku into turmoil, with the Harare City Cou...Published: 29 May 2025 at 10:13hrs | 88 | by Staff reporter
RBZ blames liquidity crunch on hoarding of US dollars
The Reserve Bank of Zimbabwe (RBZ) has attributed the ongoing liquidity crunch in the economy to the hoarding of United States dollars, dismissing claims that the shortage is linked to limited supply ...Published: 26 May 2025 at 08:15hrs | 108 | by Staff reporter
How the NRZ Can Fund Zimbabwe's Pensioners on Its Own
As Zimbabweans, do we pause to look inward and realise that some of the solutions we desperately seek already lie within our own institutions. The National Railways of Zimbabwe (NRZ) stands as a t...Published: 24 May 2025 at 23:02hrs | 397 | by Jacob Kudzayi Mutisi
Legal battle continues between Kingdom Blue CEO and ex-wife
The ongoing legal dispute between Kingdom Blue Funeral Service founder and CEO, Brilliant Ncube, and his estranged wife, Mrs. Sibonguthando Ncube, continues to unfold, with Ncube asserting that he has...Published: 16 May 2025 at 10:10hrs | 415 | by Staff reporter
Ariston reduces costs with new solar plants
Zimbabwe Stock Exchange-listed agricultural company, Ariston Holdings Limited, has reported substantial financial savings driven by its investment in solar energy projects, which have helped reduce de...Published: 16 May 2025 at 10:08hrs | 69 | by Staff reporter
Zimbabwe emerges as hotspot for scalable fintech solutions
Zimbabwe is rapidly positioning itself as a fertile ground for scalable Financial Technology (fintech) innovations, with leading local financial institutions at the forefront of this transformation. B...Published: 15 May 2025 at 09:23hrs | 358 | by Staff reporter
Mr. President, Zimbabwe already has a new breed of heroes - but your regime persecutes them
A country's liberation struggle never ends.During the burial of the late Air Vice Marshal (Rtd) Winnie Cabby Mandeya at the National Heroes Acre, President Emmerson Mnangagwa declared that Zim...Published: 05 May 2025 at 23:35hrs | 579 | by Tendai Ruben Mbofana
POSB partners with Zimnat
People's Own Savings Bank (POSB) has entered a strategic partnership with Zimnat General Insurance to offer a wide range of bancassurance services, enhancing its service offerings and providing custom...Published: 05 May 2025 at 16:03hrs | 276 | by Staff reporter
The Smart Investor's Guide to Thriving After a Crash
Warren Buffett's advice that "fear when everyone is greedy and greed when everyone is fearful" remains particularly relevant for investors in today's unpredictable market, especially after a crash. Th...Published: 25 Apr 2025 at 12:21hrs | 116 | by Staff Reporter
What Is Independence Without Freedom? - UFP
Fellow Zimbabweans, our nation marks 45 years of independence, a moment that should be cause for pride, joy and celebration. But I come before you not by ...Published: 22 Apr 2025 at 13:49hrs | 729 | by UFP
Banks smile all the way to the bank, while depositors bear cost of high fees
Shareholders in Zimbabwe's banking sector are enjoying robust returns on their investments, as banks continue to post strong profits and declare sizeable dividends. However, concerns are mounting amon...Published: 13 Apr 2025 at 09:46hrs | 635 | by Staff reporter
Hoarding cash undermines Zimbabwe economy
Stashing cash in safe deposit boxes, a practice often used to secure valuables, is adversely affecting the smooth functioning of the economy by diverting funds away from productive sectors, according ...Published: 13 Apr 2025 at 09:38hrs | 174 | by Staff reporter
Zimbabwean banks face backlash over excessive charges
Zimbabwe's banking sector is celebrating strong financial results, with shareholders across financial institutions enjoying substantial dividend payouts following another profitable year. However, the...Published: 06 Apr 2025 at 11:26hrs | 373 | by Staff reporter
Why is Zimbabwe's President Mnangagwa facing pressure to resign?
Zimbabwean President Emmerson Mnangagwa is facing what experts say is the biggest threat to his rule yet as a succession battle erupts ahead of general elections scheduled for 2028.Recent mano...Published: 04 Apr 2025 at 08:28hrs | 1385 | by Staff reporter
Zimbabwe central bank rubbishes reports on cash deposit box seizures
The Reserve Bank of Zimbabwe (RBZ) has dismissed claims that it is targeting businesses and individuals holding cash in deposit boxes, following an article published in The Herald on April 2, 2025. Th...Published: 02 Apr 2025 at 18:53hrs | 2423 | by Staff reporter
RBZ to swoop on currency hoarders
The Reserve Bank of Zimbabwe (RBZ) is set to crack down on businesses and individuals hoarding money in cash deposit boxes at banks, homes, and business premises. Authorities are concerned that such p...Published: 02 Apr 2025 at 08:47hrs | 574 | by Staff reporter
US Consulate threatens to leave Johannesburg
The United States consulate in Johannesburg may shut down if the city proceeds with renaming Sandton Drive to Leila Khaled Drive, US officials have warned.On Thursday, 13 March 2025, a motion ...Published: 18 Mar 2025 at 15:51hrs | 1548 | by Staff reporter
POSB starts selling Belarus tractors
People's Own Savings Bank (POSB), one of the financial institutions selected by the Government to facilitate the resale of Belarus tractors to Zimbabwean farmers, has announced that the equipment is n...Published: 14 Mar 2025 at 17:28hrs | 976 | by Staff reporter
South Africa blackmailed on United States consulate in Johannesburg
South Africa could lose its United States consulate in Johannesburg if the city changes the name of Sandton Drive to Leila Khaled Drive.On Thursday, 13 March 2025, a motion to rescind renaming...Published: 14 Mar 2025 at 13:27hrs | 1706 | by Staff reporter
Bulawayo reveals road rehabilitation plan
The Bulawayo City Council (BCC) has requested authorization to utilize part of its allocation from the Zimbabwe National Road Administration (Zinara) for the procurement of tools, plant, and equipment...Published: 14 Mar 2025 at 06:52hrs | 1874 | by Staff reporter
Deaths from infrastructure collapse are usually the tragic cost of corruption
There's always a human cost to corruption.The recent tragedy at Bandama Farm Dam in Chipinge, where five lives were lost due to the dam's sudden collapse, is a stark reminder of the perilous s...Published: 11 Mar 2025 at 20:14hrs | 373 | by Tendai Ruben Mbofana
POSB scandal exposes Mnangagwa?
Documents supporting President Emmerson Mnangagwa's controversial handling of the planned sale of the state-owned People's Own Savings Bank (POSB) have sparked grave concerns regarding transparency an...Published: 11 Mar 2025 at 08:11hrs | 3527 | by Staff reporter
POSB scandalous sale deal comes under scrutiny
Despite the questionable agreement surrounding the state-owned People's Own Savings Bank (POSB), Attorney-General Virginia Mabiza's correspondence with the bank's management and a directive from Presi...Published: 11 Mar 2025 at 08:06hrs | 972 | by Staff reporter
AMH Chief Executive compromised?
Kenias Mafukidze, the chief executive of Trevor Ncube's privately-owned media house Alpha Media Holdings (AMH), is facing intense scrutiny after being caught in a glaring conflict of interest. Mafukid...Published: 07 Mar 2025 at 07:32hrs | 513 | by Staff reporter
NetOne's OneMoney aims to revolutionise financial inclusion in Zimbabwe
NetOne's mobile financial services subsidiary, ONE Money, is set to transform financial inclusion in Zimbabwe by offering a suite of innovative products and services designed to reach the country's un...Published: 01 Mar 2025 at 09:20hrs | 1229 | by Staff reporter
RBZ dismisses fake news of POSB sale
The Governor of the Reserve Bank of Zimbabwe (RBZ), John Mushayavanhu, has dismissed claims that the People's Own Savings Bank (POSB) is up for sale. This follows reports suggesting that the state-own...Published: 22 Feb 2025 at 09:24hrs | 169 | by Staff reporter
World Bank implores Zimbabwe to maintain tight money supply
The World Bank has urged Zimbabwe to maintain its tight monetary policy stance and resist spending pressures to control inflation and ensure lasting exchange rate stability.Inflation in Zimbab...Published: 17 Feb 2025 at 09:00hrs | 257 | by Staff reporter
I'm not prepared to continue suffering until 2030!
Zimbabwe, under President Emmerson Mnangagwa, has sank deeper into poverty.Granted, when President Emmerson Mnangagwa took power in November 2017 through a military coup, Zimbabwe was already ...Published: 10 Feb 2025 at 22:56hrs | 1180 | by Tendai Ruben Mbofana
Zimbabwe central bank cracks down on cash hoarding
The Reserve Bank of Zimbabwe (RBZ) has expressed concern over millions of dollars lying idle in cash deposit boxes across the country, warning that the growing trend is stifling economic growth by dep...Published: 09 Feb 2025 at 17:40hrs | 6350 | by Staff reporter
Zimbabwe raises savings rates, cuts POS charges
The Reserve Bank of Zimbabwe (RBZ) has introduced a series of bold monetary policy measures aimed at promoting the use of the Zimbabwe Gold (ZiG) currency and enhancing economic stability. These measu...Published: 07 Feb 2025 at 06:35hrs | 395 | by Staff reporter
Woman breaks down in the dock
A tearful woman appeared before Harare Magistrate Lisah Mutendereki today, recounting the emotional and financial toll she has endured after allegedly being swindled out of US$5,000 by a man who promi...Published: 30 Jan 2025 at 06:54hrs | 430 | by Staff reporter
Woman awarded US$32,500 in landmark divorce settlement
A Harare woman, Letwin Kadiyo, has been awarded US$32,500 as a divorce settlement from her husband of 10 years, Kudakwashe Naison, in a court ruling that recognised both financial contributions ...Published: 29 Jan 2025 at 08:41hrs | 285 | by Staff reporter
ZANU-PF factional wars finally admit the party's role in Zimbabwe's suffering
Whenever fierce power struggles rear their ugly heads amongst the ruling ZANU-PF leadership, there's always one thing that intrigues me. In order to outdo one another, the rival factions resor...Published: 28 Jan 2025 at 18:03hrs | 1095 | by Tendai Ruben Mbofana
Remembering Nkomo's crossover fame and shame
As the year ends, it is important to reflect on some silly incidents amongst fellow journalists and there is a need to visit how their actions impact on shaping perceptions or narratives amongst commu...Published: 31 Dec 2024 at 15:45hrs | 1041 | by Leon Kachembere
Why Zimbabweans keep watching their money go up in smoke
It was 10 p.m. when a frantic pounding on Modester Nyangoni's door dragged her out of a deep sleep.That hot October day, she had been on her feet manning her stall at the largest market in Zim...Published: 25 Dec 2024 at 08:24hrs | 3082 | by Staff reporter
Mukuru expanding into deposit-taking microfinance institution
Zimbabwe's rapidly growing remittance sector has prompted several money transfer platforms to diversify their services, with Mukuru Financial Services Zimbabwe Limited becoming the latest to be licens...Published: 19 Dec 2024 at 16:56hrs | 502 | by Staff reporter
Zimbabwe man jailed 10 years in US$2.7 million ZB Bank heist set free
Tendai Zuze, who was convicted and sentenced to 10 years in prison for his alleged involvement in the 2021 US$2.7 million ZB Bank highway cash heist, has been acquitted by the High Court on appeal aft...Published: 17 Dec 2024 at 08:21hrs | 1232 | by Staff reporter
Zimbabwe's Banking Sector and No Arrests Years Down the Line
United Merchant Bank (UMB) - Closed in 1998 due to insider loans and mismanagement.Universal Merchant Bank (UMB) - Closed in 2003 struggled with negative perceptions after UMB's collapse....Published: 05 Dec 2024 at 20:15hrs | 305 | by Engineer Jacob Kudzayi Mutisi
Zimbabwe inflation eases
Zimbabwe's inflation rate eased significantly in November, marking a slowdown to 11.7% from 37.2% in October, according to the Reserve Bank of Zimbabwe (RBZ). The decline was attributed to the central...Published: 05 Dec 2024 at 11:08hrs | 496 | by Staff reporter
Zimbabwe's errant bankers must be punished
Vocal Harare political activist and business advocate, Engineer Jacob Mutisi, has called for stringent accountability for bankers and financial institutions involved in the mismanagement and fraudulen...Published: 05 Dec 2024 at 09:19hrs | 1412 | by Staff reporter
Zimbabwe's banking sector and no arrests years down the line
United Merchant Bank (UMB) - Closed in 1998 due to insider loans and mismanagement.Universal Merchant Bank (UMB) - Closed in 2003 struggled with negative perceptions after UMB's collapse....Published: 05 Dec 2024 at 09:07hrs | 616 | by Eng. Jacob Kudzayi Mutisi
RBZ keeps rates steady
Reserve Bank of Zimbabwe (RBZ) Governor John Mushayavanhu has announced that the bank policy rate will remain at 35%, and statutory reserve requirements will stay unchanged, as the central bank seeks ...Published: 05 Dec 2024 at 06:55hrs | 461 | by Staff reporter
Zimbabwe's central bank claims success in stabilising rate and inflation
The Reserve Bank of Zimbabwe (RBZ) has announced significant progress in stabilising the country's exchange rate and inflation following a series of monetary policy interventions, including a cumulati...Published: 04 Dec 2024 at 14:23hrs | 296 | by Staff reporter
'Banks refuse to make salary payments on behalf of Zimbabwe govt'
A dramatic financial crisis has hit Zimbabwe's civil service as banks have reportedly withheld payments for thousands of public sector workers' salaries, citing the government's inability to meet its ...Published: 03 Dec 2024 at 09:58hrs | 12997 | by Staff reporter
ZiG spawns upheavals in insurance industry
Insurers have been scrambling to reassure policyholders as market jitters resurface in the wake of the introduction of Zimbabwe Gold (ZiG) in April. With memories of the devastating currency shifts in...Published: 24 Nov 2024 at 10:13hrs | 254 | by Staff reporter
Govt stops Harare demolitions
The Harare City Council was forced to suspend its controversial house demolition exercise yesterday following mounting pressure from the government. The move came after a public outcry and strong crit...Published: 18 Nov 2024 at 15:06hrs | 375 | by Staff reporter
Domestic Tourism festive season campaign launched
Minister of Tourism and Hospitality Industry, Barbara Rwodzi has this Saturday in Mazoe launched Domestic Tourism festive season travel campaign targeting...Published: 17 Nov 2024 at 07:59hrs | 779 | by Gideon Madzikatidze
Top Bank executive slams RBZ tight policy measures
A prominent banking executive has criticized the Reserve Bank of Zimbabwe (RBZ) for focusing too heavily on exchange rate stability at the cost of economic growth, warning that the central bank's rece...Published: 10 Nov 2024 at 11:05hrs | 1829 | by Staff reporter
Zimbabwe foreign currency reserves rise to US$500m
Zimbabwe's foreign currency reserves backing its local currency, the Zimbabwe Gold (ZiG), have surged past US$500 million, tripling the total amount of ZiG in circulation. This development is expected...Published: 10 Nov 2024 at 10:41hrs | 170 | by Staff reporter
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