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Zimdollar depreciates
The local currency depreciated by almost a percentage point on Tuesday in an auction which failed to make allotments on all qualified bids. The Zimbabwe dollar was quoted at 82.6756 after depreciating...Published: 27 Jan 2021 at 06:10hrs | 5713 | by Staff reporter
Alarming numbers of false COVID-19 tests
THERE are alarming numbers of false COVID-19 test results due to the fact that the new strain of the virus is difficult to pick during routine testing, an expert has said.This was disclosed ye...Published: 27 Jan 2021 at 06:00hrs | 806 | by Staff reporter
Couple robbed, dumped in disused mine shaft
A Masvingo couple was robbed of a car, $500 000, bank card, and a cell phone by a gang of four suspected robbers that allegedly dumped them in a 20-metre disused mineshaft in the outskirts of the town...Published: 23 Jan 2021 at 23:30hrs | 2419 | by Staff reporter
Govt probes $25bn mobile money scam
Prosecutions on a wide range of financial crimes are likely as investigations continue inside and outside Zimbabwe into the huge pool of unregulated liquidity estimated at $25 billion created within t...Published: 23 Jan 2021 at 06:20hrs | 821 | by Staff reporter
Woman killed in $500 000 robbery
A Masvingo woman was killed while her husband, a businessman, is battling for life in hospital after they were thrown into a 20-metre deep disused mine shaft by four armed robbers who had kidnapped th...Published: 20 Jan 2021 at 06:44hrs | 1527 | by Staff reporter
Towards meaningful diaspora engagement
Globally, it is estimated that 1 in 7 people is a migrant. Though this measly figure appears to be statistically insignificant and to give credence to the critics of the so-called mobility bias in mig...Published: 20 Jan 2021 at 06:36hrs | 91 | by Mutsa Murenje, Queensland, Australia
Fake Covid-19 certificates scam exposed
SOME members of staff at a private laboratory, Klosad Clinical Diagnostics Lab, in Harare's Avondale suburb, are issuing out certificates with fake negative Covid-19 results to international traveller...Published: 17 Jan 2021 at 07:57hrs | 623 | by Staff Reporter
Funds missing at Mzingwane High
MZINGWANE High School in Esigodini is in the eye of a storm after foreign currency incentives mobilised by parents for teachers late last year failed to reach the intended beneficiaries with parents t...Published: 10 Jan 2021 at 07:50hrs | 577 | by Staff reporter
Xmas rush exposes banks
A STEEP rise in demand for liquid cash experienced during the Christmas period exposed weaknesses in Zimbabwe's electric money strategy, a NewsDay Business survey revealed. Clients said electr...Published: 01 Jan 2021 at 07:39hrs | 738 | by Staff reporter
6 armed robbers arrested
Six armed robbers who recently raided a house in Nkayi and robbed a couple of a vehicle, cash and various goods early this month, have been arrested by police. The six are Rishatime Madzengere...Published: 25 Dec 2020 at 07:04hrs | 572 | by Staff reporter
EcoCash to hike transaction charges in January
THE country's largest mobile money platform, Ecocash, says it would adjust its transaction charges by up to 20 percent starting next month citing the need to cover rising operating costs.The c...Published: 17 Dec 2020 at 17:44hrs | 594 | by Staff reporter
Econet, Cassava bag top business awards
HARARE - Telecommunications giant Econet Wireless Zimbabwe (EWZ), and its sister company Cassava Smartech Zimbabwe (Cassava), last week clinched top business leadership and merit awards at separate ev...Published: 15 Dec 2020 at 14:26hrs | 441 | by Agencies
Informal sector not affected by 2% tax
AN OPPOSITION legislator has called on Finance minister Mthuli Ncube to stop collecting the 2% electronic transaction tax, saying it was burdening workers only as the informal sector was now transacti...Published: 15 Dec 2020 at 06:17hrs | 324 | by Staff reporter
Historic virtual Econet Vic Falls Marathon set to roar into life this Sunday
ABOUT 5 000 local and international athletes are expected to take part in this year's Econet Victoria Falls Marathon on Sunday, now easily one of Africa's largest marathons.This year the popul...Published: 10 Dec 2020 at 15:46hrs | 410 | by Agencies
Zifa councillors exonerate Kamambo
ZIFA councillors who voted during the elections that saw Felton Kamambo landing the top soccer administration post fingered Philip Chiyangwa, Kamambo's opponent, for vote-buying efforts that ended up ...Published: 10 Dec 2020 at 06:31hrs | 307 | by Staff reporter
Kamambo bribery case, Chiyangwa clutching at straws
THE bribery trial of ZIFA president Felton Kamambo is likely to attract the wide interest of the football comÂmunity, including the world governing body FIFA, as the Zimbabwe football leader battles ...Published: 10 Dec 2020 at 06:30hrs | 384 | by Staff reporter
'Sore loser' testifies against Kamambo
The trial of ZIFA president, Felton Kamambo, who stands accused of bribing councillors to vote for him for the position of president of the football governing body, opened yesterday with the accused d...Published: 09 Dec 2020 at 05:42hrs | 436 | by Staff reporter
Zifa boss denies vote-buying
ZIMBABWE Football Association (Zifa) president Felton Kamambo (pictured), who is facing 32 counts of bribery yesterday denied the allegations before Harare Magistrate Bianca Makwande.Kamambo, ...Published: 08 Dec 2020 at 21:35hrs | 238 | by Staff reporter
Masiyiwa in Bloomberg's top 50
ZIMBABWEAN businessman and philanthropist, Mr Strive Masiyiwa, has been named by Bloomberg among the top 50 prominent figures that have changed the global business in 2020. The annual Bloomber...Published: 07 Dec 2020 at 06:57hrs | 1901 | by Staff reporter
Bold revamp doubles EcoCash capacity
AN extensive revamp of the EcoCash platform that sent markets into complete turmoil in November last year doubled the mobile money transfer operation's capacity to 450 transactions per second, accordi...Published: 06 Dec 2020 at 08:36hrs | 1476 | by Staff reporter
EcoCash revenue continues to dwindle
CASSAVA Smartech Zimbabwe Limited's subsidiary EcoCash's revenue contributions to the group continue to dwindle following recent operating measures effected by the Reserve Bank of Zimbabwe (RBZ) to cu...Published: 02 Dec 2020 at 06:13hrs | 556 | by Staff reporter
Family faces $5bn money laundering charge
A MUTARE family was yesterday arraigned before a Harare magistrate on money-laundering charges involving $5 billion, which was orchestrated through their supermarket business.The six accused p...Published: 18 Nov 2020 at 05:31hrs | 4419 | by Staff reporter
Forex dealers in court
Six suspected foreign currency dealers yesterday appeared in court on allegations of using the EcoCash platform to buy US$3 153 317 from the public. The eight are Felix Tafadzwa Chikuse (38), ...Published: 13 Nov 2020 at 05:37hrs | 1477 | by Staff reporter
Currency crisis costs Cassava $2 billion
TECHNOLOGIES giant, Cassava Smartech says it suffered $2 billion in exchange losses during its first full year of operations after the volatile Zimbabwe dollar struggled to hold its turf against the g...Published: 09 Nov 2020 at 06:57hrs | 771 | by Staff reporter
Medical practitioners come to Gringo's aid
THE plight of the ailing popular actor and comedian Lazarus "Gringo" Boora has touched the hearts of members of the Medical and Dental Private Practitioners of Zimbabwe Association (MDPPZA) who have d...Published: 05 Nov 2020 at 06:30hrs | 1865 | by Staff reporter
Mr President so far so good
With my heavy heart I wish to congratulate HE President ED for a job well done following myriad of measures mitigating hyperinflation which has gone to extremes. Thank you so much HE and the finance m...Published: 03 Nov 2020 at 07:27hrs | 1075 | by Benny Gudo
More buses arrive from China
FIFTY more Zimbabwe United Passenger Company (Zupco) buses imported from China have arrived in the country as part of Government's efforts to restore sanity in the public transport sector and provide ...Published: 02 Nov 2020 at 05:44hrs | 2486 | by Staff reporter
Zimbabwe's mobile ecosystem must continue to grow to the betterment of all
Smartphones are revolutionizing the world, democratizing industries, and opening the vast opportunities offered by internet access to people who previously couldn't afford to connect. Zimbabwe is one ...Published: 29 Oct 2020 at 10:17hrs | 632 | by Staff Writer
Bulawayo urban train returns
THE National Railways of Zimbabwe (NRZ) will on Monday resume urban commuter train services in Bulawayo with residents paying $16 per trip. According to the parastatal, the CityCowdray Park ro...Published: 29 Oct 2020 at 05:53hrs | 592 | by Staff reporter
Strict RBZ policies on EcoCash result in $2 billion tax revenue decline
GOVERNMENT'S tough decision to throttle leading mobile money transfer agent, Ecocash has backfired with the Zimbabwe Revenue Authority (ZIMRA) recording a $1.9 billion decline on the 2 % revenue tax c...Published: 27 Oct 2020 at 07:03hrs | 1436 | 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 | 1053 | by Agencies
Scores rush to VID depots
ASPIRING drivers yesterday thronged the Vehicle Inspection Department (VID) depots across the country to either sit for provisional drivers licence tests or undergo road tests as depots countrywide re...Published: 19 Oct 2020 at 23:41hrs | 733 | by Staff reporter
Zimdollar demand spikes
THE continued consolidation of the Zimbabwean dollar gains on the official market-driven foreign currency auction platform has created huge demand for the local currency on the back of growing confide...Published: 15 Oct 2020 at 06:37hrs | 1978 | by Staff reporter
Missing teen found hanging four days later
A 17-YEAR-OLD Nkulumane suburb boy was found hanging from the roof of his father's bedroom after he had gone missing for four days. Kholo Jamela was reportedly under investigation after allege...Published: 13 Oct 2020 at 06:43hrs | 1678 | by Staff reporter
US stuck in slave master mode, says Mutsvangwa
The United States of America has a long history of oppressing black people hence its continued imposition of sanctions on Zimbabwe, the Zimbabwe National Liberation War Veterans Association Chairman A...Published: 11 Oct 2020 at 10:04hrs | 255 | by Staff reporter
Regulatory controls constrain EcoCash
ECOCASH'S parent firm, Cassava Smartech Zimbabwe Limited (CSZL) said on Tuesday that performance of the mobile money platform had been hit hard by seven major regulatory directives in the past six mon...Published: 07 Oct 2020 at 06:54hrs | 1093 | by Staff reporter
Minister grilled over monetary, fiscal policies inconsistency
INCONSISTENT monetary and fiscal policies which have resulted in confused multi-tier pricing systems for goods and services are the biggest threat to the country, not opposition, Norton MP Temba Mlisw...Published: 02 Oct 2020 at 07:27hrs | 615 | by Staff reporter
Steward Bank launches new product to support agriculture
Steward Bank has partnered with businesses under parent company Cassava Smartech Zimbabwe to launch AgroFuture, a new agribusiness product that is set to improve agricultural production in the country...Published: 01 Oct 2020 at 10:02hrs | 1685 | by Agencies
Mobile money set to bridge the financial divide, says Potraz
THE Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) has urged the government to allow greater use of mobile money platforms in the country as a way to bridge the financial divi...Published: 29 Sep 2020 at 08:31hrs | 2352 | by Agencies
Zimdollar gains against the US dollar
The Reserve Bank of Zimbabwe held its weekly foreign currency auction today, which saw the local currency maintain its appreciation trend against the US dollar after it gained 0.26% to 81.4965 from 81...Published: 22 Sep 2020 at 18:42hrs | 7121 | by Staff reporter
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: 20 Sep 2020 at 08:21hrs | 944 | 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 | 3363 | 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 | 970 | 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 | 678 | 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 | 1388 | 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 | 2776 | 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 | 2574 | 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 | 2598 | 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 | 2946 | 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 | 767 | by Staff reporter
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