Business

The Reserve Bank of Zimbabwe (RBZ)’s Financial Intelligence Unit has proposed the phasing out of physical bulk airtime recharge sales and put a cap on individual electronic purchases, citing the need to curb the rampant abuse of the platforms by illicit currency speculators. The measures are contained in a circular …

The Justice, Legal and Parliamentary Portfolio Committee has called for increased budgetary allocations to independent commissions to enable them to fulfil their mandate in aiding democracy. The Constitution provides for independent commissions such as the Zimbabwe Anti-Corruption Commission (Zacc), Zimbabwe Human Rights Commission, National Peace and Reconciliation Commission and the …

Steward Bank, the country’s largest bank by account holders, has launched a US dollar domestic remittance service which it says will ease the burden for millions of Zimbabweans who need to safely and securely move money across the country. The new service, branded StewardRemit, will allow instantaneous or real-time US …

The government of Zimbabwe and United Nations have signed the 2022-2026 Zimbabwe United Nations Sustainable Development Cooperation Framework that will support the country’s efforts to achieve Sustainable Development Goals (SDGs). The official signing and launch of the Zimbabwe United Nations Sustainable Development Cooperation Framework 2022-2026 was presided over by the Chief Secretary …

Trucks arriving at Beitbridge without the proper paperwork and without pre-clearing their cargoes, so taking up parking space and causing delays, are now being charged penalties, Zimbabwe’s Border Efficiency Management Systems Committee (BEMSC) has resolved as one measure to end border delays. The other will be to second Zimbabwean customs …

Zimbabwe Electricity Supply Authority (ZESA) executive chairperson Sydney Gata has strongly castigated Finance Ministry secretary George Guvamatanga for refusing to guarantee Independent Power Producers’ (IPPs) deals and unlock their funding. In his address during a tour of the Hwange Power Plant Monday, Gata said the IPPs were failing to take …

The country’s Ambassador to Namibia Mrs Rofina Chikava has implored local industrialists to consider utilising the newly-established dry port facility in Walvis Bay as part of efforts to enhance business and trade opportunities between Zimbabwe and the rest of the world. President Mnangagwa and his Namibian counterpart President Hage Geingob …

Chief executive officers of Zimbabwe’s banks are salting away offshore their foreign currency earnings, instead of banking with local financial institutions they head, Zimbabwe Anti-Corruption Commission (Zacc) chairperson Loice Matanda-Moyo ( pictured) has revealed, citing a survey her organisation conducted. The Zacc boss said bankers are salting away money offshore. …

What initially started as a social networking group to keep Zimbabwean women in touch while in foreign lands, has since blossomed into a huge multi-million dollar investment. The women involved in the huge investment are the faces behind Qoki Zindlovukazi- a well-known organisation which is changing lives in Matabeleland. These …

The Bureau of Democracy, Human Rights, and Labor of the U.S. Department of State is implementing “an intricate plan” designed by Washington to smear Chinese businesses in Zimbabwe “through disinformation, lies and sensationalism in the independent media and social platforms.” That is a plot exposed in an article published on …