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MP stalking saga in new twist
OK Zimbabwe was forced by the courts to release video footage of Harare West MP Joana Mamombe doing her shopping amid concerns the authorities violated the young legislator's privacy, it has emerged....Published: 23 mins ago | 48 | by Staff reporter
Zimdollar continues to regain strength
The Reserve Bank of Zimbabwe allotted its highest foreign currency to date at the weekly foreign currency auction today as the local currency continues to regain strength. The Zimbabwe do...Published: 15 Sep 2020 at 17:40hrs | 3344 | by Staff reporter
Mnangagwa fingers Ecocash as behind spiralling prices of basic commodities
PRESIDENT Emmerson Mnangagwa has said the steep price hike for basic commodities experienced in the country in recent months was the creation of mobile money giant, Ecocash.Addressing the Zanu...Published: 15 Sep 2020 at 06:08hrs | 907 | by Staff reporter
Mnangagwa clears air on land, SA envoys
Taxpayers' funds will not be used to compensate white former commercial farmers for improvements made on farms, but the money will be sourced externally, President Mnangagwa has said.The Presi...Published: 13 Sep 2020 at 07:02hrs | 664 | by Staff reporter
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 | 1380 | by Staff reporter
Econet mulls data bundle tariff adjustment
Zimbabwe's largest mobile telecommunications company Econet Wireless is understood to be considering a data bundle price adjustment in the wake of mounting costs and rising inflation.A source ...Published: 28 Aug 2020 at 19:43hrs | 2768 | 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 | 2559 | by Staff reporter
Econet abolishes mobile money agents
ZIMBABWE'S telecommunications giant, Econet, has abolished mobile money agents and reduced to a maximum of $5000 per day all individual EcoCash transactions in compliance with a directive from the Res...Published: 26 Aug 2020 at 20:39hrs | 2544 | by Staff reporter
RBZ tightens EcoCash squeeze
The Reserve Bank of Zimbabwe (RBZ) has directed Econet Wireless that EcoCash individual subscribers will, with immediate effect, be allowed to transact a maximum of Z$5,000 daily.Individuals a...Published: 26 Aug 2020 at 20:35hrs | 2859 | by Staff reporter
Zimdollar depreciates 0.57% to 83.40 against the US dollar
The Zimbabwean dollar depreciated 0.576% to 83.3994 from last week's 82.9184 as the spread between bids narrowed further. While this is a step in the right direction in terms of price sta...Published: 25 Aug 2020 at 18:05hrs | 760 | by Staff reporter
Baker's Inn salesman steals company's money
BAKERS Inn Bindura's sales man Prosper Tendai Phiri (31) stole ZWL$253 033 from the company's merchant code and directed it to different econet numbers....Published: 23 Aug 2020 at 22:26hrs | 2683 | by Simbarashe Sithole
Zimbabwe economy finally being 'rigged'
Nelson Chamisa and his MDC-Alliance lost the election in the July 2018 elections of the post-Mugabe era.Reacting to this loss, he cockily pronounced that it was of no consequence.His a...Published: 23 Aug 2020 at 11:10hrs | 816 | by Ambassador Chris Mutsvangwa
Mobile operators outed for printing money
SOME mobile money operators have been printing money through creating overdrafts and fictitious credit, most of which was channelled to buy foreign currency on the parallel market a practice that has ...Published: 23 Aug 2020 at 11:09hrs | 596 | by Staff reporter
RBZ 'bans' bulk payments of salaries, wages
THE Reserve Bank of Zimbabwe (RBZ) has restricted the payment of salaries and wages through bulk payments and mobile money agents as part of measures to curb illicit transactions.The move by t...Published: 22 Aug 2020 at 08:34hrs | 8334 | by Staff reporter
Man 'hangs' self at police station
A Fraud accused 23-year-old man from Nemanwa, who was arrested on August 15, committed suicide while locked up in police cells at the rural section of Masvingo Central Police Station.Promise M...Published: 22 Aug 2020 at 08:24hrs | 1199 | by Staff reporter
Mobile money agents abolished in Zimbabwe
GOVERNMENT has with immediate effect abolished mobile money wallet agents as they are no longer serving any legitimate purpose and further tightened regulations to tackle illegal foreign currency deal...Published: 21 Aug 2020 at 19:31hrs | 1848 | by Staff reporter
BREAKING: Government bans Ecocash and other mobile money agents
The Reserve Bank of Zimbabwe has banned Ecocash, Telecash and One Money and MyCash agents with immediate effect. In a statement on Friday the central bank said, "Agent wallets are no longer se...Published: 21 Aug 2020 at 14:13hrs | 11454 | by Mandla Ndlovu
Soldiers arrested for 'robbery' at gunpoint
TWO soldiers stationed at 1.2 Infantry Battalion in Hwange have been arrested after they allegedly robbed a man they had offered a lift in Victoria Falls and took US$150 cash at gunpoint. Prom...Published: 21 Aug 2020 at 07:34hrs | 435 | by Staff reporter
Mobile money limits due for review
The level of inflation in the country, which reached 837 percent in July, should be used as an indicator that mobile money limits at $5 000 are now due for review. The latest data from the Zim...Published: 20 Aug 2020 at 07:20hrs | 884 | by Satff reporter
Zimdollar stabilises against the real dollar
Little movement was seen on the foreign currency auction on Tuesday as the Zimbabwean dollar closed with a marginal depreciation of 0.43% against the US$ to 82.9214 According to the resul...Published: 18 Aug 2020 at 18:25hrs | 4183 | by Staff reporter
Zimdollar depreciates by 2.5% agains the real dollar
The Zimbabwe dollar depreciated 2.5% to 82.5608 in Thursday's combined auction. The local currency has depreciated 69.7% from the fixed exchange rate of 25 and 30.52% from the auction start rate of 57...Published: 13 Aug 2020 at 20:21hrs | 1170 | by finx
Zimdollar return premature, says Gono
FORMER Reserve Bank of Zimbabwe (RBZ) governor Gideon Gono has said the reintroduction of the Zimbabwean dollar, which has been rapidly losing value since its re-introduction in June last year, was pr...Published: 07 Aug 2020 at 09:10hrs | 7658 | by Staff reporter
Zimbabwean state capture
In my weekly political review show on the Gambakwe media platform two Sunday ago, we discussed about the planned demonstration on the 31st of July 2020. During the interview I invok...Published: 06 Aug 2020 at 22:59hrs | 4210 | by Terence. T. Simbi
Soldiers, police brutally assault Chitungwiza mayor
Chitungwiza mayor Lovemore Maiko was on Sunday evening allegedly assaulted by four soldiers and two police officers on his way to park his vehicle after rushing to a local clinic with a resident who n...Published: 04 Aug 2020 at 08:09hrs | 1798 | by Staff reporter
System glitch leaves scores of Zesa clients stranded
SCORES of consumers were left stranded in Bulawayo yesterday, failing to buy prepaid power tokens as the Zimbabwe Electricity Transmission and Distribution Company (ZETDC) online system had some techn...Published: 03 Aug 2020 at 07:49hrs | 413 | by Staff reporter
EcoCash probe delays Cassava financials
CASSAVA Smartech Zimbabwe Limited (CSZL) has announced a delay in publishing its financial results for the year ended February 29, 2020 due to investigations into its subsidiary, EcoCash (Private) Lim...Published: 31 Jul 2020 at 07:38hrs | 171 | by Staff reporter
Chamisa's MDC urges Zimbabweans to take to the streets
THE opposition MDC Alliance has urged Zimbabweans to unite against the Zanu-PF regime, saying there was need for a broad alliance to demonstrate against the erosion of basic freedoms and confront Stat...Published: 27 Jul 2020 at 08:53hrs | 8836 | by Staff reporter
Was the shutting down of mobile money, ZSE a necessary evil?
ON June 26, 2020 the Information ministry announced in a tweet that all mobile money transactions and the Zimbabwe Stock Exchange (ZSE) would stop transacting forthwith.The authorities halted ...Published: 26 Jul 2020 at 11:11hrs | 2709 | by Admire Maparadza Dube
Econet experiences nationwide blackout
Customers of Econet Wireless were left stranded on Friday after the service provider experienced dificulties in conducting phone calls and sending SMS. The Telecoms company attributed the blac...Published: 24 Jul 2020 at 14:57hrs | 5420 | by Mandla Ndlovu
Mnangagwa picks fight with tycoon
Zimbabwe's president has picked a fight with the country's most successful businessman. The economy may be the loser.Under pressure from a plunging currency and 737% inflation, President Emmer...Published: 23 Jul 2020 at 20:57hrs | 9289 | by Bloomberg
High Court suspends police seizure of Econet database
ECONET Wireless Private Limited yesterday got relief from the High Court, which suspended a "warrant of search and seizure" of their premises by the Zimbabwe Republic Police (ZRP) over alleged impropr...Published: 23 Jul 2020 at 20:25hrs | 633 | by Staff reporter
'Mutsvangwa plotting November 2017 style coup over Econet'
STRIVE Masiyiwa's Econet mobile network says its existence was under threat from former President Emmerson Mnangagwa's advisor Christopher Mutsvangwa.Mutsvangwa, according to court papers file...Published: 22 Jul 2020 at 08:41hrs | 4235 | by newzimbabwe
Econet challenges police search, seizure warrant
ZIMBABWE'S largest mobile phone operator Econet Wireless yesterday sought a court order to suspend a police warrant seeking information on its transactions arguing that this would violate the privacy ...Published: 21 Jul 2020 at 09:28hrs | 1659 | by Staff reporter
Fresh onslaught against EcoCash
Police have issued a warrant against Econet Wireless to hand over a list of its EcoCash subscribers and transactions as part of an investigation into allegedmoney laundering.According to a...Published: 19 Jul 2020 at 09:22hrs | 2598 | by Staff reporter
Mnangagwa's govt clears air on ZSE, agent lines closure
GOVERNMENT has rubbished falsehoods published by CNBC, an American business news portal, alleging that security chiefs ordered the closure of the Zimbabwe Stock Exchange (ZSE) and agent lines for mobi...Published: 19 Jul 2020 at 09:18hrs | 2918 | by Staff reporter
Econet faces black market, externalising forex charges
THE country's biggest mobile money provider, Econet Wireless was allegedly involved in black market activities between January and June which saw the company crediting huge sums of money to "runners" ...Published: 19 Jul 2020 at 07:47hrs | 3443 | by Staff Reporter
Police to seize Econet database?
POLICE have obtained a court warrant of search and seizure of financial records and subscription database of the country's leading mobile phone network, Econet Wireless, following accusations the comp...Published: 18 Jul 2020 at 08:40hrs | 1251 | by newzimbabwe
'Mthuli economic review damp squib'
ZIMBABWE'S main opposition MDC Alliance party yesterday described the 2020 midterm budget and economic review statement presented by Finance Minister Mthuli Ncube as a damp squib for failing to addres...Published: 17 Jul 2020 at 07:46hrs | 1220 | by Staff reporter
Panic Chinamasa and the Old Mutual threat
WHAT did Zanu-PF politburo member Patrick Chinamasa mean when he said the ruling party had endorsed a decision to "eject Old Mutual from the financial system"? Nobody knows. Not even Old Mutual itself...Published: 14 Jul 2020 at 08:43hrs | 4354 | by newZWire
Zanu-PF to expel Old Mutual from Zimbabwe?
Zimbabwe's ruling party said it will expel Old Mutual Ltd. from its financial system, sowing confusion over the status of the insurance giant in the country and what will happen next in the government...Published: 11 Jul 2020 at 16:47hrs | 10828 | by Bloomberg
The owners of Zimswitch revealed
On Wednesday the Reserve Bank of Zimbabwe announced that it has designated Zimswitch as a national payment switch with immediate effect.According to the statement, all mobile money transmissio...Published: 10 Jul 2020 at 09:39hrs | 14303 | by Mandla Ndlovu
RBZ designates Zimswitch as a national payment switch
The Reserve Bank of Zimbabwe (RBZ) has designated Zimswitch as a national payment switch with immediate effect as it moves to operationalise Statutory Instrument 80 of 2020, which enables it to contro...Published: 09 Jul 2020 at 19:21hrs | 2053 | by Staff reporter
The Ecocash heist - A modern tale of irresponsible corporate behaviour
Sometime in 2013, I applied and became an Ecocash Agent (Agent), and immediately set shop in at least two locations within Harare CBD. The setup and running costs for me as an Agent were high, but the...Published: 03 Jul 2020 at 19:27hrs | 6898 | by Tendayi Mudhadha
Bogus land officer swindles Zanu-PF supporters
A BOGUS lands officer appeared in court on Wednesday facing allegations of fraud after he allegedly demanded Zanu-PF membership cards and cash from desperate home seekers in Banket.Lovemore Lu...Published: 03 Jul 2020 at 07:53hrs | 894 | by Staff reporter
Zimbabwe security chefs fingered in mobile money suspension
Zimbabwe's security force leaders sidelined the nation's economic chiefs and forced the government to close the stock exchange and halt most mobile-money transactions, people familiar with the situati...Published: 30 Jun 2020 at 22:44hrs | 5862 | by Staff reporter
EcoCash suspends agent, bulk payer lines
DOMINANT mobile money service provider, EcoCash, says all of its agent and bulk payer lines have been suspended until further notice in compliance with the Reserve Bank of Zimbabwe (RBZ) directive. ...Published: 30 Jun 2020 at 07:57hrs | 2259 | by Staff reporter
Plot to destabilise Zimbabwe economy exposed?
AS Government intensifies efforts to close channels that are fuelling the black market and other illicit financial activities, it has emerged that some foreign nations and individuals have been trying...Published: 30 Jun 2020 at 07:52hrs | 2113 | by Staff reporter
Zimbabwe mobile operators called to further national interests
The Zimbabwean government has been commended for its firm stance in fighting illegal dealings connected with the foreign currency black market to restore mobile money platforms to their original purpo...Published: 28 Jun 2020 at 20:05hrs | 1182 | by Staff reporter
'Mobile money suspension will bury Zimbabwean economy'
THERE is a debilitating mixture of chaos, confusion and panic among both consumers and businesses across the country, after the government made a surprise announcement late on Friday evening that it w...Published: 28 Jun 2020 at 17:41hrs | 1979 | by Staff reporter
Zimbabwe on the edge again?
A Zimbabwean shopper in a Harare supermarket shook his head, grumbling as he returned a loaf of bread to a rack after finding the price had jumped by a third and he could no longer afford it.N...Published: 28 Jun 2020 at 10:17hrs | 3254 | by AFP
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