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Zimbabwe seeks high-net-worth partners for startups fund
Deputy Finance, Economic Development, and Investment Promotion Minister David Mnangagwa has announced that the Treasury is seeking strategic alliances with high-net-worth individuals to operationalize...Published: 05 Aug 2024 at 07:09hrs | 117 | by Staff reporter
Zimbabwe diaspora remittances up 17%
In the first quarter of the year, diaspora remittances to Zimbabwe surged by 17%, reaching US$490 million compared to US$420 million during the same period in 2023. This increase in remittances is see...Published: 18 Jul 2024 at 06:41hrs | 159 | by Staff reporter
Why close Sekunjalo Bank account when Steinhoff is still having one?
The decision to shut down the Sekunjalo Group's bank accounts and associated companies is a clear case of discrimination masquerading as concern over "reputational risk."Ongoing legal battles ...Published: 25 Feb 2024 at 08:12hrs | | by Edmond Phiri
RBZ boss designate hits ground running
JOHN Mushayavanhu, the incoming governor of the Reserve Bank of Zimbabwe (RBZ), has already started contributing to the 2024 monetary policy statement (MPS), getting things going right away, Sta...Published: 18 Feb 2024 at 09:19hrs | 9 | by Staff reporter
Zimbabwe MPs: Whose interests are they serving?
THIS writer was shocked to learn about Finance minister Mthuli Ncube giving in to the demands of the Zimbabwean MPs regarding the need for an upward variation for the budget for Parliament (NewsDay, D...Published: 27 Dec 2023 at 07:28hrs | 9 | by Nicholas Aribino
Lifeline for SA-based unbanked Zimbabweans
SOUTH AFRICA-BASED Zimbabwean-owned ACID Financial Services company has rolled out banking services targeting unbanked Zimbabweans based in the neighbouring country without valid permits but have vali...Published: 07 Dec 2023 at 05:30hrs | 7 | by Staff reporter
Mumba money CEO and Mukuru CIO share insights at a financial services event in Johannesburg
The Evolution of Cross-Border Payments Conference held in Johannesburg brought together industry leaders, experts, and visionaries to discuss the future of the global payments landscape. The event wit...Published: 23 Nov 2023 at 11:17hrs | 20 | by Mandla Ndlovu
A vote not cast, is a future lost
SOME citizens think that voting is a waste of time. Many a time, these people don't think that their circumstances can be changed by voting because of the assumption that associates politics with dirt...Published: 18 Aug 2023 at 06:58hrs | 1 | by Nicholas Aribino and Cyprian Muchemwa
Zimbabwe tops Sadc on mobile money use
Global System for Mobile Communications Association (GSMA), an association of mobile telecoms from across the world, has ranked Zimbabwe top of the Southern African Development Community (SADC)'s 16 m...Published: 28 Dec 2021 at 07:03hrs | 6 | by Staff reporter
Bankers plan to establish a new financial behemoth
ON 3 September 2021, The NewsHawks exclusively published a story that government, bankers and investors, including local business tycoon Kudakwashe Tagwirei, are working on a plan to create the bigges...Published: 13 Nov 2021 at 17:45hrs | 8 | by Staff reporter
NetOne mobile broadband to drive financial inclusion
NETONE says its recently launched national mobile broadband (NMBB) programme will enhance the country's efforts towards expanding financial inclusion through the firm's mobile money platform, One Mone...Published: 25 Oct 2021 at 06:22hrs | | by Staff reporter
The Law is struggling to keep up with technology
Now that the cyber security and data protection bill is awaiting the signature of the President of Zimbabwe to become law. The purpose of the bill is to consolidate cyber related offences and provide ...Published: 30 Sep 2021 at 13:44hrs | | by Jacob Kudzayi Mutisi
Banks wary of lending out US dollar loans
ZIMBABWE'S banks are sitting on US$1.7 billion and not willing to lend it to corporates due to the uncertainty around currency reforms which exposes them if they issue United States dollar-denominated...Published: 06 Sep 2021 at 06:50hrs | 2 | by Staff reporter
RBZ mulls more stringent currency measures
GOVERNMENT is looking at adding more stringent currency measures to rein in the runaway exchange rate amid an outcry over the promulgation of Statutory Instrument 127 which business says will fuel inf...Published: 05 Jun 2021 at 09:20hrs | | by Staff reporter
RBZ's $389m headache
The Reserve Bank of Zimbabwe (RBZ) will today disburse $66 million owed to cotton farmers with bank accounts for the crop delivered to Cottco last season, followed by $436,6 million to be paid via mob...Published: 28 May 2021 at 07:36hrs | | by Staff reporter
EcoCash self-care platforms enhance clients' safety, improve the customer experience
CASSAVA Smartech Zimbabwe's mobile money platform EcoCash is leading the way in maintaining social distancing for its customers and employees through the use of self-care platforms. With the w...Published: 20 Oct 2020 at 19:57hrs | | by Agencies
Zimbabwe set to lose $1 billion in potential revenue
ZIMBABWE'S cash-strapped government is set to forgo over $1 billion in revenues from the intermediated money transfer tax (IMTT) as a result of policy inconsistencies, analysts have said.The g...Published: 30 Aug 2020 at 10:58hrs | | by Staff reporter
Business cries foul over EcoCash limits
ZIMBABWE'S hard-pressed businesses say they are likely to witness depressed revenues in the short term due to the Reserve Bank of Zimbabwe's decision to limit EcoCash transactions to ZW$5 000 per day....Published: 28 Aug 2020 at 07:17hrs | 4 | by Staff reporter
Tearing down barriers for the growth of African rural e-commerce
The rise and growth of e-commerce in the world and primarily in Africa has created a lot of business opportunities, not only in urban but also in rural areas. The good news is that there is undoubtedl...Published: 28 Aug 2019 at 09:55hrs | 4 | by Josephine Wawira
EcoCash bureau de change launch to spur financial inclusion in Zimbabwe
THE recent launch of a bureau de change by Zimbabwe's leading mobile money service provider EcoCash after approval by the country's central bank is likely to help channel more remittances through form...Published: 28 Aug 2019 at 07:41hrs | | by Sifelani Tsiko
Africa in the age of surveillance capitalism, neo-imperialism
One of my first lectures in graduate school was on how "enlightenment era" Europe imagined and mapped Africa. And some of the first maps were silent about the interior save for pyramids to the north, ...Published: 30 May 2019 at 07:51hrs | | by Takura Zhangazha
Mthuli Ncube should learn from Masiyiwa
Finance minister Mthuli Ncube's United States jaunt last week was always expected to yield what it yielded - an empty basket. It's no rocket science.In an article published in this column last...Published: 15 Mar 2019 at 17:08hrs | | by Brett Chulu
Empower Bank opened it's doors for youths in Bulawayo and Surrounding Provinces
Empowerment bank is geared to transform the livelihoods of many entrepreneurs in Zimbabwe. On the 11th of March 2018 the bank officially opened its doors in the city of Kings . The occassion was grace...Published: 15 Mar 2019 at 14:11hrs | | by Enos Denhere
Zimbabwe looks to tackle telecom fraud with technology
Despite an ambitious economic reform agenda, Zimbabwe's economic freedom score dropped down 3.6 points to a mere 40.4 on the Heritage Foundation's latest Index of Economic Freedom, making its economy ...Published: 15 Feb 2019 at 09:38hrs | | by Agencies
Mthuli Ncube shoots down Biti's fear mongering attempt
FORMER Finance minister Tendai Biti yesterday sensationally claimed that government was planning to reintroduce a local currency this week, describing the purported move as "pure undiluted insanity"....Published: 12 Feb 2019 at 07:32hrs | | by Staff reporter
Government speaks on new Zim currency
The Deputy Minister of Information, Publicity and Broadcasting Services Energy Mutodi has poured cold water on revelations by former Minister of Finance Tendai Biti that Zimabbwe would be introducing ...Published: 11 Feb 2019 at 12:00hrs | | by Mandla Ndlovu
New Zim currency expected this week
Former Finance Minister Tendai Biti has revealed that government will be introducing a new currency this week as promised by current Finance Minister Mthuli Ncube that the country will soon adopt its ...Published: 11 Feb 2019 at 08:28hrs | 5 | by Mandla Ndlovu
'ZANU PF must create its own bank'
Dreaded ZANU PF activist Fidelis Fengu has called upon ZANU PF to create its own bank if it is to advance the growth and development agenda.Said Fengu, "ZANU PF must create, operate and manage...Published: 09 Jan 2019 at 11:32hrs | | by Mandla Ndlovu
ZANU PF Youth leader condemns Youth bank
ZANU PF Secretary for Youth Affairs Lewis Matutu has condemned Empower Bank saying the way that it is being run is not good for youths."Empower Bank is an empowerment tool for young people but...Published: 09 Jan 2019 at 08:07hrs | | by Mandla Ndlovu
Empower Bank to introduce agency banking
EMPOWER Bank has set sights at introducing agency bank as part of its efforts to reach out to all marginalised youths across the length and breadth of the country.Empower Bank head of marketin...Published: 23 Dec 2018 at 08:50hrs | | by Staff reporter
Mthuli Ncube tells banks to relax lending policies
FINANCE Minister Mthuli Ncube has urged banks to relax their stringent lending requirements in order to improve access to financial services.Ncube was speaking at the Zimbabwe Independent's Ba...Published: 07 Dec 2018 at 06:12hrs | 1 | by Staff reporter
CABS is the top bank in Zimbabwe
FINANCE minister Mthuli Ncube has urged banks to diversify and develop business models tailored to meet special requirements of the unbanked and underserved segments of the population.Ncube wa...Published: 03 Dec 2018 at 07:28hrs | | by Staff reporter
CABS come tops Banks and Banking survey
CABS emerged the top-performing bank at this year's edition of the Zimbabwe Independent Banks and Banking Survey ceremony, which was held in Harare last night.CBZ was the first runner-up, foll...Published: 30 Nov 2018 at 09:32hrs | | by Staff reporter
New structure for Zimbabwe public service
The Public Service Commission is examining the roles, functions and mandates of Government ministries and departments as part of a process to come up with a new civil service structure.Governm...Published: 04 Nov 2018 at 08:44hrs | | by Staff reporter
Mnangagwa gamble backfires
President Emmerson Mnangagwa has got it all to do after the government's new measures to stabilise the country's sickly economy were rejected by a wide cross-section of the Zimbabwean populace — who...Published: 05 Oct 2018 at 06:28hrs | | by Staff reporter
Money transfers tax a threat to financial inclusion
Announcing fiscal measures on Monday, Finance and Economic Development minister Mthuli Ncube said the intermediated money transfer tax had been reviewed from five cents per transaction to two cents pe...Published: 04 Oct 2018 at 05:49hrs | | by David Mhlanga
Govt okays POSB equity offering
THE People's Own Savings Bank (POSB) will now be going public or be partially privatised through a private placement after government, the sole shareholder, approved a plan to carry out either of the ...Published: 04 Oct 2018 at 05:48hrs | | by Staff reporter
Mthuli Ncube's stabilisation steps 'inadequate, unhelpful'
Long-suffering Zimbabweans have expressed disappointment in the government's latest economic stabilisation measures that were announced on Monday, adding that they feared that things could take a turn...Published: 03 Oct 2018 at 15:17hrs | | by Staff reporter
Zimbabwe has one ATM with cash
Golix, Zimbabwe's first and largest cryptocurrencies exchange has broken new ground once again by acquiring the country's first ever Bitcoin ATM which comes loaded with hard United States dollars (USD...Published: 06 Apr 2018 at 15:51hrs | | by Nhlalwenhle Ngwenya
Mobile network operators directed to tackle money transfer hiccups
GOVERNMENT has directed mobile network operators to integrate services and facilitate interoperability of mobile money in line with the country's financial inclusion strategy.In view of the pe...Published: 20 Feb 2018 at 08:00hrs | | by Staff reporter
Banks scrap tax on transactions below $10
GOVERNMENT has, with immediate effect, directed banks not to levy 5 percent tax on all transactions below $10 as a way of promoting financial inclusion. This comes as Government moves to provide safet...Published: 30 Jan 2018 at 06:04hrs | | by Staff reporter
Mahomed Mussa denies cash stashing allegations
Mahomed Mussa, arguably one of Zimbabwe's largest wholesalers, has denied allegations it stashes cash "under the pillow," saying it deposits its cash with local banks in line with the country's moneta...Published: 16 Jan 2018 at 05:44hrs | | by Staff reporter
Illegal cash traders in Zimbabwe - An economic analysis with Tryson Dube
In this crippled economy of Zimbabwe that is barely surviving. 'A lot' of people depend on the informal sector. Many of these people are living with income below the poverty datum line; 'plastic money...Published: 20 Dec 2017 at 05:42hrs | | by Tryson G. Dube
A cashless solution for Zim's crippling cash-crisis
Thousands of Zimbabweans are celebrating the resignation of Mugabe and renewed hope can be seen everywhere. Unfortunately, the overnight departure of a dictator doesn't extend to the crippling legacy ...Published: 15 Dec 2017 at 08:22hrs | | by Brian Richardson, CEO of WIZZIT International
Bitcoin is not legal, says RBZ
The Reserve Bank of Zimbabwe (RBZ) has warned members of the public against using Bitcoin, saying its use is not legal in the country. The RBZ has been lax towards regulating the crypto currency argui...Published: 22 Nov 2017 at 05:48hrs | | by Staff reporter
CBZ introduces $2 monthly service fee for low cost bank account
CBZ Holdings is set to introduce a $2 monthly service fee for its low cost bank account Smartcash effective December.Smartcash account, launched in 2015, requires $5 to open and attracted no m...Published: 10 Nov 2017 at 07:32hrs | | by Takudzwa Chiwara
Prices: Mugabe's cabinet team rolls up its sleeves
President Mugabe has assembled a special Cabinet Committee to get to the bottom of nefarious parallel market activities and eliminate disparities in basic commodity pricing.The panel, comprisi...Published: 08 Oct 2017 at 04:19hrs | | by Staff reporter
Ecobank launches mVisa across 33 African Countries
LOME, Togo - Ecobank has partnered with Visa to launch Ecobank Scan+Pay with mVisa solutions to their consumers. The strategic tie-up signals interoperability on a cross border level – and p...Published: 02 Oct 2017 at 17:45hrs | | by APO
EcoCash carries out maintenance work
ECONET Wireless will carry out scheduled maintenance work on its mobile money transfer platform EcoCash over the weekend to optimise the system ahead of increased transaction volumes anticipated in th...Published: 12 Aug 2017 at 11:08hrs | | by Staff reporter
WorldRemit launches with Android Pay to offer mobile-to-mobile transfers to the world's unbanked
The integration will enable Android Pay users to send money +112 million mobile money accounts accessible via WorldRemitLondon - WorldRemit, the leadin...Published: 13 Jun 2017 at 18:51hrs | 1 | by Agencies
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