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Kuvacash CEO up for US$286,000 theft
James Saruchera, the co-founder of global cash remittance start-up Kuvacash Private Limited, appeared in court on Tuesday, facing charges of defrauding a client of US$286,000 in a failed property tran...Published: 12 Nov 2024 at 11:11hrs | 1015 | 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
5 arrested in Zimbabwe for illegally selling Starlink kits
Five men from Harare have been arrested for allegedly possessing Starlink kits without a valid license, following a police operation on November 2, 2024. The suspects, identified as Polite Jamba (28),...Published: 04 Nov 2024 at 06:36hrs | 399 | by Staff reporter
Mr. Mnangagwa, before talking about colonial reparations, why not pay Gukurahundi reparations first?
In a recent address at State House, Zimbabwean President Emmerson Mnangagwa renewed his call for former colonial powers to pay reparations to their ex-colonies, suggesting that such reparations could ...Published: 31 Oct 2024 at 21:25hrs | 458 | by Tendai Ruben Mbofana
RBZ pumps US$32 million into market
The Reserve Bank of Zimbabwe (RBZ) has infused approximately US$32 million into the interbank foreign exchange market over the past three weeks to stabilize the Zimbabwe Gold (ZiG) currency and addres...Published: 27 Oct 2024 at 12:19hrs | 155 | by Staff reporter
The real story behind Britain's withdrawal from Zimbabwe's land reform: Exposing corruption and mismanagement
AS SOUTHERN Africa approaches another 'SADC Anti-Sanctions Day,' the Zimbabwean government is once again amplifying the narrative that economic sanctions, particularly from Western countries like the ...Published: 23 Oct 2024 at 20:37hrs | 854 | by Tendai Ruben Mbofana
Call for reparations: A mere excuse by failed African leaders!
As the Commonwealth Heads of Government meeting (CHOGM) kicked off this week in Samoa, the topic of reparations for slavery and colonialism has once again been thrust into the spotlight. Sever...Published: 23 Oct 2024 at 20:31hrs | 270 | by Tendai Ruben Mbofana
RBZ blames speculative behaviour for ZiG's woes
The Reserve Bank of Zimbabwe (RBZ) has attributed the recent collapse of the newly introduced Zimbabwe Gold (ZiG) currency to rampant rent-seeking behavior and speculative activities within the parall...Published: 20 Oct 2024 at 14:12hrs | 236 | by Staff reporter
Businessman cleared of stock theft
Zvishavane businessman Justice Zijena and his associates have been cleared of stock theft allegations after presenting the necessary paperwork proving the legitimate purchase of five cattle. The situa...Published: 18 Oct 2024 at 10:41hrs | 564 | by Staff reporter
Zimbabwe scores milestones on arrears clearance process
The Government of Zimbabwe has received commendations for significant progress in the implementation of reforms under the Arrears Clearance and Debt Resolution process, a vital step towards transformi...Published: 17 Oct 2024 at 08:57hrs | 182 | by Staff reporter
Chivayo linked IMC gets ISP licence, eyes Starlink reseller
The Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) has issued IMC Communications with an internet service provider (ISP) licence, paving the way for the company to partner wit...Published: 17 Oct 2024 at 08:51hrs | 227 | by Staff reporter
Doji Candle: Understanding Its Role in Trading
The Doji candle stands out as one of the most intriguing candlestick patterns used by traders, offering a window into the market's state of uncertainty. It frequently appears during moments when buyer...Published: 09 Oct 2024 at 13:17hrs | 342 | by Staff Reporter
Mukwasha Chiwenga in Math-South improvements. Is development holistic?
Whatever development VP Chiwenga is bringing in Matabeleland South, that should never be interpreted as "Mukwasha inzunza". School children especially benefit from good and safe schools, health care f...Published: 04 Oct 2024 at 12:27hrs | 2057 | by Nomazulu Thata
CCC MPs demand Mnangagwa action as ZiG devalues
Opposition Members of Parliament (MPs) have expressed frustration over the continued devaluation of Zimbabwe's local currency, the Zimbabwe Gold (ZWG), urging the government to address the nation's lo...Published: 03 Oct 2024 at 16:25hrs | 954 | by Staff reporter
Mnangagwa frets over resurgent black market
In his State of the Nation Address (SONA) delivered during the official opening of the second session of the 10th Parliament in Mt Hampden, President Emmerson Mnangagwa expressed deep concern over the...Published: 03 Oct 2024 at 08:58hrs | 610 | by Staff reporter
Mnangagwa warns forex dealers
In a bold move to stabilize the beleaguered Zimbabwe Gold (ZWG) currency, President Emmerson Mnangagwa announced on Wednesday that 50% of mining royalties will be allocated to bolster the currency's r...Published: 03 Oct 2024 at 08:58hrs | 1079 | by Staff reporter
Zimbabwe govt working on currency stability
In a comprehensive State of the Nation Address delivered yesterday at the new Parliament Building in Mt Hampden, President Emmerson Mnangagwa highlighted the government's ongoing efforts to stabilize ...Published: 03 Oct 2024 at 08:47hrs | 167 | by Staff reporter
Used clothes take Zimbabwe by storm
Kimberley Dube takes great care with her appearance. She always looks sharp and fashionable in smart-looking jeans, t-shirts, sweatpants, tops, and designer sneakers."I love jeans - can't get ...Published: 02 Oct 2024 at 11:24hrs | 621 | by Staff reporter
Affordable apartment options in Dubai for Zimbabwean Investors
The Dubai real estate market offers a great chance for Zimbabwean investors looking for reasonably priced apartment choices since it continues to grow and thrive. The most recent figures from Bayut's ...Published: 28 Sep 2024 at 20:02hrs | 433 | by Staff Reporter
Mavetera says delay in licensing Starlink distributors caused by due diligence
Zimbabwe's Minister of Information Communication Technology, Tatenda Mavetera, announced that delays in licensing internet service providers for the distribution of Starlink products were due to neces...Published: 26 Sep 2024 at 11:14hrs | 968 | by Staff reporter
No special treatment for Starlink in Zimbabwe
The Zimbabwean government has clarified that Elon Musk's Starlink will not receive any special tax exemptions and will be subject to the same regulations and taxes as local internet service providers ...Published: 25 Sep 2024 at 10:02hrs | 709 | by Staff reporter
Zimbabwe injects US$64m into foreign currency market
The Reserve Bank of Zimbabwe (RBZ) has injected US$64 million into the foreign exchange market in response to a growing demand for hard currency, ensuring that all bona fide foreign currency applicati...Published: 20 Sep 2024 at 07:49hrs | 240 | by Staff reporter
TelOne jumps on Starlink train
TelOne, one of Zimbabwe's largest fixed internet providers, has announced its partnership with Starlink, becoming an authorized reseller of the satellite internet service. This move comes in response ...Published: 18 Sep 2024 at 15:33hrs | 2592 | by Staff reporter
Chivayo fails to get Starlink deal
Local businessman Wicknell Chivayo, seeking to capitalize on the lucrative Starlink opportunity, leveraged his proximity to President Emmerson Mnangagwa to secure an exclusive deal. This move has spar...Published: 10 Sep 2024 at 08:26hrs | 5200 | by Staff reporter
Shops dump ZiG official rate for two-tier pricing system
Just like other Zimbabwean currencies introduced since the year 2000, the Zimbabwe Gold (ZiG) currency is already showing signs of instability barely half a year after its introduction, with many shop...Published: 08 Sep 2024 at 13:51hrs | 9573 | by Staff reporter
What Zimbabweans need to know about Starlink, and how to order
GREAT news for internet users across Zimbabwe - Starlink has officially launched nationwide services as of September 7, 2024.After months of anticipation and a slight delay, Zimbabweans can no...Published: 07 Sep 2024 at 16:08hrs | 2974 | by Staff reporter
Starlink goes live in Zimbabwe, unlimited internet price at $50 per month
SpaceX's broadband satellite internet service, Starlink, is now available in Zimbabwe for US$50 a month, plus US$350 for a setup kit, the company said on its website.Several local companies ha...Published: 07 Sep 2024 at 16:02hrs | 2773 | by Staff reporter
Beitbridge undertakes property survey
Toyota Zimbabwe unveils all-new land cruiserToyota Zimbabwe has launched the all-new Land Cruiser Prado 250 series, a significant update to the iconic Land Cruiser lineup. This latest mod...Published: 06 Sep 2024 at 07:06hrs | 24 | by Staff reporter
Zimbabwean girl commits suicide over money dispute
On August 18, 2024, a 17-year-old girl from Mlotshwa Village under Chief Samambwa tragically died after ingesting rat poison. The incident occurred around 5:00 PM fo...Published: 31 Aug 2024 at 11:15hrs | 760 | by Staff reporter
Mapfumo demands return of seized vehicles
Exiled music icon Thomas Mapfumo is demanding the return of five vehicles seized by police in 2000. From his base in the United States, Mapfumo has claimed that the allegations of buying stolen BMWs w...Published: 25 Aug 2024 at 11:24hrs | 2421 | by Staff reporter
Why NetEnt stands out as a top-tier game developer
When asked about the best game developers, which software provider would everyone think of? We bet that many will recall NetEnt with its highest-quality slot machines and exceptional features. The com...Published: 13 Aug 2024 at 21:45hrs | 114 | by Jacob Kudzayi Mutisi
Lawyer haunted by 2019 fraud case
Vuyile Jamela Mpofu, a prominent Bulawayo-based lawyer formerly with VJ Mpofu and Associates, is facing ongoing difficulties due to a 2019 fraud case, despite being acquitted. Mpofu, along with Mayor ...Published: 12 Aug 2024 at 14:01hrs | 566 | by Staff reporter
ZANU PF is responsible for scuttling development in rural areas!
Forty-four years after Zimbabwe attained her independence, rural areas are still largely as backward as they were under colonial rule. Nothing much to write about, in terms of development, has...Published: 09 Jul 2024 at 12:57hrs | 18 | by Tendai Ruben Mbofana
The Sentry report on Mutapa Fund is shallow and weak
I had the MISFORTUNE of going through a report prepared and distributed by The Sentry, possibly written by an excitable Nick Donovan. Long story short, the report is shallow and weak. Here is ...Published: 04 Jul 2024 at 16:37hrs | 14 | by MMatigary
Tackling Zimbabwe's property price surge
The Zimbabwean property market is facing significant challenges, marked by skyrocketing property prices that seem incongruous when compared to those in neighbouring South Africa.These challeng...Published: 24 Jun 2024 at 10:13hrs | 80 | by Dr Bekithemba Mpofu
Zimbabwe central bank dragged to court over forex
Linda Tsungirirai Masarira has filed an urgent High Court application against the Reserve Bank of Zimbabwe (RBZ), alleging that ordinary citizens are being unfairly constrained in accessing foreign cu...Published: 21 Jun 2024 at 11:30hrs | 10 | by Staff reporter
Govt cracks down on land barons…leaves no sacred cow
In a bid to combat fraudulent activities in the land sector, the Government has intensified its efforts to hold land barons accountable for their illicit actions. Recently, three land barons f...Published: 19 Jun 2024 at 12:18hrs | 21 | by Tonderai Ndoro
Nigerian billionaire Zimbabwe deals falter amid capital problems
WITH the help of Zimbabwean authorities who supported him amass platinum, gold, lithium, iron ore, tin and some rare earth mineral concessions, it first appeared like he was going far.At some poin...Published: 28 May 2024 at 12:46hrs | 8 | by Staff reporter
Mnangagwa's govt to extend ZiG currency crackdown to shops
The government intends to expand its crackdown on street currency traders to include retailers, ensuring that goods and services are priced using only the official exchange rate of the new ZiG currenc...Published: 18 May 2024 at 12:38hrs | 10 | by Staff reporter
ZiG fails to break Zimbabwe's cash crunch
Informal traders at Harare's Mbare market, a bustling center of commerce generating millions of US dollars weekly, have revealed their ongoing struggle with a cash shortage, hitting women vendors the ...Published: 18 May 2024 at 12:18hrs | | by Staff reporter
Zimbabweans told to approach banks for ZiG, USD
The Reserve Bank of Zimbabwe has enough reserves to satisfy the foreign currency requirements of all legitimate businesses and no company needs to go to the black market to pay for imports, RBZ Govern...Published: 12 Apr 2024 at 09:47hrs | | by Staff reporter
Mnangagwa commits to free market economy
President Mnangagwa has pledged his Government's commitment to a complete free market economy, arguing there is no justification to put the burden of price determination on the Government.In r...Published: 11 Apr 2024 at 08:36hrs | | by Staff reporter
How Mushayavanhu just removed zeroes from dying currency
Reserve Bank of Zimbabwe governor John Mushayavanhu has issued his maiden monetary policy statement, bringing with him a new gold-backed currency and promises to end the money-printing that tanked the...Published: 07 Apr 2024 at 10:19hrs | | by Staff reporter
RBZ adopts market-based exchange rate
THE Reserve Bank of Zimbabwe (RBZ) has adopted a market-determined system for setting exchange rates, with the auction system being replaced by a refined interbank foreign exchange market which connec...Published: 06 Apr 2024 at 08:06hrs | | by Staff reporter
Zimra's new tax system slammed
LOCAL businesses have expressed concern about the new tax and revenue management system (TaRMs) being used by the Zimbabwe Revenue Authority (Zimra), which they say is too complex and difficult to set...Published: 31 Mar 2024 at 16:31hrs | 1 | by Staff reporter
Revised Starlink Policy for Sustainable Growth - A dedication to Eng. Chemist Siziba
Honorable Minister of Information Communication Technology, Postal and Courier Services, all protocols observed, please receive a request from a group of ...Published: 23 Mar 2024 at 07:04hrs | 49 | by Robert Ndlovu
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 | 5 | by Tendai Ruben Mbofana
Estate agent in trouble over fraud
A 47-year-old woman who deals in housing stands selling from Emakhandeni in Bulawayo has appeared in court facing a charge of fraud.Sithini Moyo was not asked to plead when she appeared before...Published: 20 Feb 2024 at 14:56hrs | 24 | by Stephen Jakes
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 | 10 | by Staff reporter
'Dollar deals' cripple bars, nightclubs
ILLEGAL alcohol sellers that have sprouted across the city are crippling the business of registered nightclubs and bars while Government has set high standards of operation to bring sanity to the dist...Published: 16 Jan 2024 at 04:41hrs | | by Staff reporter
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