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Message for all Zimbabwe's Property Owners
The conviction of Prosper Bizwick by Harare magistrate Ethel Sichera has shed light on the deep-rooted corruption within the Deeds Office, exposing how those entrusted with public service can betray t...Published: 5 hrs ago | 211 | by Engineer Jacob Kudzayi Mutisi
Mukuru: Born on a Chimanimani mountain, and now a billion-dollar fintech business
Mukuru was first envisioned by two Zimbabwean entrepreneurs while mountain climbing in Chimanimani in Eastern Zimbabwe. The company later began operations in a bedroom in Cambridge, England in 2004, b...Published: 15 hrs ago | 1571 | by Staff reporter
Zimbabwe may scrap US$ for local transactions without notice
The government has warned that it may scrap the United States dollar for local transactions without notice in a bid to enforce acceptance of the Zimbabwe Gold (ZiG) currency.The ZiG was introd...Published: 22 Mar 2025 at 12:12hrs | 28843 | by Staff reporter
OK Zimbabwe reverses Bulawayo branch closure decision
Retail giant OK Zimbabwe is set to reopen its Entumbane branch, which was closed earlier this year, with a new business model that converts the outlet into a wholesale facility with lower operating co...Published: 21 Mar 2025 at 09:14hrs | 399 | by Staff reporter
Joining the George Ayittey Society is a step towards fighting for real change in Zimbabwe
My recent acceptance into the George Ayittey Society is an honour that fills me with immense humility and gratitude. To be part of a distinguished group of scholars, intellectuals, and researc...Published: 20 Mar 2025 at 17:12hrs | 282 | by Tendai Ruben Mbofana
Critical evaluation of the South Africa's 2025 Budget effect on the property market
The 2025 Budget presents a multifaceted impact on South Africa's property market, balancing fiscal stability, infrastructure development, and housing affordability with rising taxation, debt-servicing...Published: 14 Mar 2025 at 06:43hrs | 68 | by Dr Bekithemba Mpofu
If land was the reason for the liberation struggle, why must Zimbabweans now buy it?
The land question in Zimbabwe is a contentious issue.The liberation struggle in Zimbabwe was fought with a clear objective: to reclaim land from colonial rulers and redistribute it equitably a...Published: 13 Mar 2025 at 16:17hrs | 579 | by Tendai Ruben Mbofana
EcoCash launches 'Spend and Win' promotion with Mastercard
EcoCash, Zimbabwe's leading mobile money platform, has launched a new promotion offering customers the chance to win a variety of prizes, including an all-expenses-paid holiday for two to Zanzibar. Th...Published: 11 Mar 2025 at 12:32hrs | 171 | 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 | 967 | by Staff reporter
ZRP duped in US$850,000 sleeping bags deal
A Harare-based company, Printmill Private Limited, is at the center of a fraud investigation after allegedly duping the Zimbabwe Republic Police (ZRP) of US$850,000 in a botched deal for the supply of...Published: 09 Mar 2025 at 13:17hrs | 233 | by Staff reporter
Zimbabwe govt rolls out POS machines to formalise informal businesses
The Zimbabwean government has commenced a nationwide programme to integrate unregistered businesses into the formal economy by distributing point-of-sale (POS) machines, which are now a prerequisite f...Published: 09 Mar 2025 at 13:08hrs | 190 | by Staff reporter
Tagwirei linked wealth managers in OK shares buying spree
Akribos Wealth Managers, a prominent asset management firm with connections to local businessman Kuda Tagwirei, has made a major splash in the Zimbabwean stock market by purchasing a combined 16,338,2...Published: 03 Mar 2025 at 13:03hrs | 12324 | by Staff reporter
Bulawayo City Council installs new elevators at Tower Block
The Bulawayo City Council has invested US$778 260 in installing new elevators at the Tower Block Municipal Building, with further plans to rehabilitate other key city assets, including the City Hall C...Published: 03 Mar 2025 at 12:32hrs | 236 | 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 | 126 | by Staff reporter
Zimbabwe central bank urges banks to increase ZiG lending
With the Zimbabwe Gold (ZiG) currency now largely stable, the Reserve Bank of Zimbabwe (RBZ) has urged banks to increase lending in ZiG, assuring financial institutions that the risk of depreciation h...Published: 01 Mar 2025 at 08:56hrs | 204 | by Staff reporter
Zimbabwe could clear arrears with bold reforms
Zimbabwe could clear its arrears and rework $21 billion in debt that's kept it locked out of international capital markets for more than a quarter of a century if it implements fiscal reforms, the Wor...Published: 27 Feb 2025 at 11:05hrs | 356 | by Staff reporter
Prosecutor acquitted in high-profile armed robbery bail case
Harare regional magistrate Taurai Manuwere has acquitted prosecutor Mr. Tapiwa Kasema, who was accused of unlawfully consenting to bail for four notorious armed robbers, including the infamous Musa Ta...Published: 27 Feb 2025 at 11:01hrs | 187 | by Staff reporter
Village heads selling State Land face arrest
Village heads or traditional leaders found selling or facilitating the sale of State land will be classified as land barons and face arrest, a Cabinet Minister has warned. The Government has urged any...Published: 24 Feb 2025 at 08:47hrs | 321 | by Staff reporter
Duo hack Access Forex system, steal $220, 000
A Mutare man and his accomplice appeared in court yesterday facing allegations of hacking into the Access Forex system and fraudulently withdrawing US$220,000 last year.Ngonidzashe Lison Dhubi...Published: 22 Feb 2025 at 09:31hrs | 726 | by Staff reporter
NSSA chairman embroiled in underhand Rainbow Tourism Group takeover bid
NATIONAL Social Security Authority (Nssa) chairman Emmanuel Fundira, who is former chairman of African Sun Limited, and an ex-Rainbow Tourism Group (RTG) senior executive Paula January are accused of ...Published: 18 Feb 2025 at 20:01hrs | 1515 | by NewsHawks
Businessman loses US$8,000 to bogus VID officer
A businessman in Zhombe has been defrauded of US$8,000 by a fake Vehicle Inspection Department (VID) officer who falsely claimed to be in charge of disposing vehicles forfeited to the State.Mi...Published: 18 Feb 2025 at 14:26hrs | 1201 | by Staff reporter
Zimbabwe's bullion-backed ZiG is missing out on gold's record run
Zimbabwe's bullion-backed currency is missing out on an impressive gold rally, because of a liquidity squeeze that's choking the economy and difficulties in exchanging the unit for dollars.Sin...Published: 14 Feb 2025 at 08:40hrs | 431 | by Staff reporter
Edmund Kudzayi responds to Kenneth Sharpe accusations
Statement in Response to False Accusations by Mr Kenneth Sharpe (recordings in tweet below)It has come to my attention that Mr Kenneth Sharpe has fabri...Published: 13 Feb 2025 at 11:44hrs | 749 | by Edmund Kudzayi
Biti slams title deed plan, calls it a reversal of land reform
Former Finance Minister and legal expert Tendai Biti has criticized the government's plan to issue title deeds to farm owners, calling it a legal and policy blunder that undermines Zimbabwe's land ref...Published: 13 Feb 2025 at 06:32hrs | 515 | by Staff reporter
RBZ intervenes in data pricing discrimination against ZiG
The Reserve Bank of Zimbabwe (RBZ) has moved to address concerns over discriminatory pricing by mobile network operators and internet service providers, particularly regarding their preference for tra...Published: 10 Feb 2025 at 15:28hrs | 1949 | by Staff reporter
Zimbabwe struggles to promote ZiG
THE Zimbabwean government faces challenges in promoting the Zimbabwe Gold (ZiG) currency for financial stability, as some businesses remain reluctant to accept it, preferring the U.S. dollar, which re...Published: 08 Feb 2025 at 12:52hrs | 582 | by Staff reporter
Duo arrested for defrauding car importers of US$20,000
Two Beitbridge-based customs clearing agents, Lloyd Mawadze (36) and Lauren Mawadze (32), have been arrested for allegedly defrauding vehicle importers of nearly US$20,000 over the past two years. The...Published: 08 Feb 2025 at 12:32hrs | 144 | by Staff reporter
RBZ to introduce higher denomination ZiG notes
The Reserve Bank of Zimbabwe (RBZ) has announced plans to introduce higher denominations of the Zimbabwe Gold (ZiG) currency by the third quarter of 2025. This move aims to address challenges with the...Published: 07 Feb 2025 at 17:44hrs | 916 | by Staff reporter
Central bank to improve design and quality of Zimbabwe Gold banknotes
The Reserve Bank of Zimbabwe (RBZ) is set to enhance the quality and design of Zimbabwe Gold (ZiG) banknotes to align with international standards, addressing public concerns over their durability and...Published: 07 Feb 2025 at 17:43hrs | 258 | by Staff reporter
Zimbabwe central bank goes after informal traders forex, exporters' proceeds
The Reserve Bank of Zimbabwe (RBZ) has announced a further reduction in export retention proceeds, cutting them by an additional 5%, as part of measures aimed at boosting foreign currency reserves and...Published: 07 Feb 2025 at 06:43hrs | 1181 | by Staff reporter
2 company directors dupe Zimra of R10 million
Two directors of Hilmax, Rugare Murwira and Patrick Musavaya, appeared before Harare Magistrate Marehwanazvo Gofa on Wednesday to face seven counts of fraud, allegedly defrauding the Zimbabwe Revenue ...Published: 07 Feb 2025 at 06:41hrs | 519 | 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 | 392 | by Staff reporter
3 men in court for 'swapping' gold with counterfeit button
Three men have been charged with defrauding a gold panner of gold worth US$1,858 by swapping a genuine smelted gold button with a counterfeit one. Aleck Ngoni Pangazira (38), Simbarashe Karimupfumbi (...Published: 06 Feb 2025 at 07:20hrs | 128 | by Staff reporter
ZACC, PACU Face Accusations of Complicity Over Chisango State-Witness Deal
Allegations of a high-level conspiracy are swirling around the corruption case of Harare Town Clerk Hosea Chisango who has been secretly let off the hook in the Juluka case by members of the Zimbabwe'...Published: 04 Feb 2025 at 21:52hrs | 438 | by Staff Reporter
ZANU-PF converts offices, police station into Kindergarten
People in Mhondoro are up in arms with their ward six councillor Sword Dandara (ZANU-PF) who allegedly connived with the former Chegutu mayor's son (opposition) and some village heads to convert ZANU-...Published: 02 Feb 2025 at 11:40hrs | 1329 | by Gideon Madzikatidze/Simbarashe Sithole recently in Mhondoro
The futility of Zimbabwe's crackdown on the informal sector
The Zimbabwean government has once again embarked on a futile mission to regulate the informal sector, a behemoth that has long outgrown the state's capacity to control it.In a desperate bid t...Published: 01 Feb 2025 at 21:32hrs | 1029 | by Tendai Ruben Mbofana
Chivayo responds to reports of bank limit adjustments
Businessman Wicknell Chivayo has strongly dismissed reports that he requested Ecobank to adjust two bank accounts to a US$20 million monthly limit after securing lucrative government contracts worth U...Published: 29 Jan 2025 at 18:49hrs | 14592 | by Staff reporter
Zimbabwe economy implodes
Analysts and opposition political parties have raised alarm over a surge in job losses as companies downsize or shut down due to the prevailing tough economic environment in Zimbabwe. The formal retai...Published: 29 Jan 2025 at 08:49hrs | 1346 | by Staff reporter
Zimbabwe inflation rises sharply in January
Zimbabwe's inflation rate rose sharply in January in both U.S. dollar and local currency terms, spurred by food and housing prices.In dollar terms inflation accelerated to 14.6% year on year a...Published: 28 Jan 2025 at 21:53hrs | 1336 | by Staff reporter
Road to SA Golf Challenge resumes
The Bard Santner Road to SA Golf Challenge resumed on January 18, reinvigorating Harare's golfing and business community after a brief festive season break. As the next round approaches on February 8,...Published: 24 Jan 2025 at 18:27hrs | 151 | by Staff reporter
Chiwenga hits out at corrupt elements
Vice-President Constantino Chiwenga delivered a stern message against corruption during his address at the National Heroes Acre in Harare yesterday, where factionalism within Zanu-PF took center stage...Published: 24 Jan 2025 at 07:55hrs | 263 | by Staff reporter
Zimbabwe's tax plan has informal traders tangled up
Mediline Sibanda opened her hairdressing business 13 years ago in Bulawayo's bustling central business district where she operates alongside other vendors and traders that are part of the country's th...Published: 20 Jan 2025 at 10:28hrs | 2082 | by Staff reporter
ED can achieve vision 2030 earlier if he obsessed over it as he did extending his presidency
President Emmerson Mnangagwa's bid to extend his presidency beyond the constitutionally mandated two five-year terms has sparked intense debate, particularly given the justification being touted for t...Published: 18 Jan 2025 at 11:10hrs | 281 | by Tendai Ruben Mbofana
Zanu-PF MP implicated in housing cooperative scandals
Harare South legislator Trymore Kanopula, popularly known as TK, faces allegations of corruption and misuse of authority in connection with the Simon Muzenda Housing Cooperative. The Zanu-PF lawmaker ...Published: 15 Jan 2025 at 13:14hrs | 556 | by Staff reporter
4 suspects arrested over Mukuru Booth robberies
Four more suspects have been arrested in connection with a series of armed robberies targeting Mukuru money transfer booths across Harare and nearby areas.The suspects, Joseph Bilson Makoni (3...Published: 15 Jan 2025 at 05:47hrs | 976 | by Staff reporter
SA banks freeze Zep holders' accounts
South African banks have frozen the accounts of Zimbabwean Exemption Permit (ZEP) holders, claiming it was a system error. However, the sudden account freezes have caused significant distress, with ZE...Published: 14 Jan 2025 at 14:14hrs | 276 | by Staff reporter
Zimbabwe gold reserves rise to $533 million
Zimbabwe's reserves backing the Zimbabwe Gold (ZiG) currency, including foreign currency and gold, have surged to US$533 million following a directive by President Emmerson Mnangagwa requiring 50% of ...Published: 12 Jan 2025 at 11:55hrs | 142 | by Staff reporter
Different Types of Forex Brokers
Different Types of Forex Brokers The foreign exchange market is a global, decentralized marketplace where currencies are traded. This i...Published: 09 Jan 2025 at 16:16hrs | 445 | by Staff Reporter
Capitec closes accounts of Zimbabwean Exemption Permits holders
Zimbabwean Exemption Permits (ZEP) holders in South Africa have found their Capitec bank accounts closed, leaving many in a state of uncertainty. The sudden move has sparked concerns within the Zimbab...Published: 01 Jan 2025 at 10:27hrs | 7789 | by Staff reporter
Tongaat Hulett to sell Zimbabwe operations in ZAR5.9 billion deal
South African agriculture and agri-processing giant, Tongaat Hulett Limited (THL), has announced its decision to offload its Zimbabwe operations to the Vision Group, a South African investment consort...Published: 29 Dec 2024 at 08:49hrs | 1095 | by Staff reporter
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