Category: Business

FULL TEXT: Mthuli Ncube Says Govt Does Not Agree With The High Court Ruling On Separation of FCA and FCA Nostro Accounts

The Attorney General has brought to my attention the judgement on the Exchange Control Directive No. R120/18 pertaining to the …

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EU Dumps Mnangagwa

Independent|THE European Union (EU) has ruled out prospects of providing budgetary support to the broke Zimbabwean government, citing “massive misuse” …

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Zim Industries Want Govt To Indirectly Embrace The Black Market Foreign Currency Exchange Rate

State Media|Industrial lobby group, Confederation of Zimbabwe Industries (CZI), has proposed the adoption of a two-tier exchange rate management regime, …

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Updated: High Court Rules Against RTGS Dollar Value To The US Dollar

State Media|The High Court has declared unconstitutional, a Reserve Bank of Zimbabwe (RBZ) exchange control directive converting sums in accounts …

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LIVE: 4 More Victims Of Julie Condliffe Spill The Beans

VIDEO LOADING BELOW…

Bank, Black Market Foreign Exchange Rates 14/5/2020

The current bank exchange rates for the ZWL$ today are as follows: USD to ZWL$: 25.00 ZWL$ to RAND: 0.7402 …

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LIVE: More Victims Of Julie Condliffe Speak Out | BREAKING NEWS

VIDEO LOADING BELOW… “I don’t think there are any guarantees in life. I think the guarantees that we have are …

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UK Solicitor Tells Her Suicidal Victim: The Only Guarantee In Life Is Death | JULIE CONDLIFFE INVESTIGATED…

VIDEO LOADING BELOW… “I don’t think there are any guarantees in life. I think the guarantees that we have are …

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UPDATE: Official/Black Forex Trading Rates As At 13 May 2020

The current bank exchange rates for the ZWL$ today are as follows: USD to ZWL$: 25.00 ZWL$ to RAND: 0.7328 …

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WATCH LIVE: Julie Condliffe Scandal

VIDEO LOADING BELOW…

Air Zimbabwe Mega Deal Hits A Snag As China Shuts Out The Beleaguered Airline.

State Media|A lucrative deal that promised to generate business worth millions of US dollars to the beleaguered national airline, Air …

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COVID-19 Cripples Bikita Minerals Operation

Bikita Minerals is offering many of its workers retrenchment packages as the lithium producer takes a heavy battering from coronavirus-induced …

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Econet, NetOne To Reduce Data Tariffs?

THE Postal and Telecommunication Regulatory Authority of Zimbabwe (Potraz) has allocated the country’s three mobile network operators free frequencies until …

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LIVE: UK – I Was Scammed 3500 Pounds…

A UK based Zimbabwean woman speaks narrating how she was scammed over 3500 British pounds. VIDEO LOADING BELOW

RBZ Ignored Several Warnings On Ecocash Illicit Dealing Agents

Tech Zim|Most people were surprised by the Zimbabwe central bank moves to instruct EcoCash to freeze the accounts of all …

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South African Breweries To Destroy 400 Million Bottles Of Beer Following Extended Beer Ban Due To Lockdown

South Africa will soon be forced to destroy over 400 million bottles of alcohol due to the banning of alcohol …

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Bank, Black Market Foreign Exchange Rates 8/5/2020

The current bank exchange rates for the ZWL$ today are as follows: USD to ZWL$: 25.0000 ZWL$ to RAND: 0.7425 …

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Tougher Laws Set Up For Ecocash As Mobile Money Services Are Now Deemed To Be Financial Services Institutions.

MOBILE money and fund transmission service providers will not be allowed to review transaction charges without approval of the Reserve …

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RBZ Closure Of Ecocash Agents Just Another Very Senseless Decision.

Another day another confusing decision by the RBZ… The central bank has directed EcoCash and other mobile money service providers …

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Full Text: RBZ Ordered Ecocash To Freeze Agent Lines With Monthly Transactions Of 100K And Above

The Reserve Bank of Zimbabwe has sent out an order to Zimbabwe’s largest mobile wallet operator, Ecocash to shut down …

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EcoCash, RBZ Clash Over Suspension Of Mobile Money Agents

EcoCash wants the High Court to stop the Reserve Bank of Zimbabwe (RBZ) from suspending mobile money agents from conducting …

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Econet Takes RBZ To Court For Closing Down Its Ecocash Agents

Zimbabwe’s largest mobile phone-based money transfer, financing and microfinancing service, Ecocash has dragged the Reserve of Bank (RBZ)to court after …

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EU Lists Mnangagwa Govt On Group Of Regimes Aiding Terrorism And Money Laundering…

The EU has listed the Zanu PF government led by Emmerson Mnangagwa on a group of countries involved with aiding …

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Covid-19: Bata Shoe Company To Retrench Staff ?

GWERU-based shoe manufacturer Bata Shoe Company has said that its ability to maintain a huge workforce is being crippled by …

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WorldRemit Expands Cash Pick Up As Zimbabwe Extends Lockdown

By A Correspondent | Zimbabwe has extended its national lockdown to limit the spread of the coronavirus until the middle …

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Govt Gazettes New Law, You Can Now Send Mobile Money To Any Network.

The government of Zimbabwe through the Minister of Finance and Economic Development has with immediate gazetted Statutory Instrument 80 of …

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Govt Performs U-Turn On Forcing Companies To Test Employees.

By Farai D Hove| The government of Zimbabwe has performed a u-turn on forcing employers to test their workers for …

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A FULL LIST OF THE NEW ECONET DATA PRICES

Name of Bouquet Price What you get Daily Data $5.5 20MB Daily Data $11 40MB Daily Data $20 80MB Daily …

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Heavy Fuel Price Increase On Its Way

The government has increased excise duty on petrol and diesel effective, 5 May 2020 when new fuel prices will be …

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Mnangagwa’s Covid-19 Recovery And Stimulus Billions, Will It Work? Download Full Document.

Last week, President ED unveiled a ZW$18 billion Recovery and Stimulus Package with the aim of reviving the economy and …

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Mnangagwa Throws All His Economic Revival Trust Onto Busisa Moyo’s Hands.

State Media|The Zimbabwe Investment and Development Agency (ZIDA) is expected to lead the country’s economic revival and initiatives aimed at …

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No US Dollars No Test Kits. Companies Fail To Resume Business.

While all businesses in the formal sector can now reopen under strict health conditions as Zimbabwe moves into level 2 …

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Econet Data Charges Going Up On Tuesday As Company Announces Viability Concerns Due To Reduced Data Users.

Econet wireless has announced that it will be reviewing its data and sms bundles tariffs effect from Tuesday. The giant …

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Touching Story Of “Mai Dovi” At UZ.

RAINBOWPEANUT BUTTER ONTHE MARKETBy Ashley Rukudzo Kavumbura| VarsityNews | Award winning 22-year-old entrepreneurValentine Shoti (Mai Dovi), from the capital, hasstunned …

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UK-BREAKING: Zimbabwean COVID Patient In Perfect Recovery 3 Weeks Later

Zimra Says It Has Recovered $1.9 Billion That Could Have BeenLost Through Leakages

ZIMBABWE, which is losing a staggering US$3 billion annually as a result of rampant corruption, recovered $1,9 billion during the …

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Econet Wireless Under Threat Of Collapsing

One of Zimbabwe’s largest listed companies, Econet Wireless Zimbabwe’s business viability is under threat because of the free-falling local currency …

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LIVE: Chinese Loans Come With A Huge Interest That Will Crush The Economy – Ncube

VIDEO LOADING BELOW…. – ORIGINAL STORY BELOW – VIDEO LOADING BELOW… As ZimEye’s Simba Chikanza pushes to interview Chinese President …

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LIVE: Mnangagwa Extends Lockdown By 14 Days Level 2

VIDEO LOADING BELOW…. MNANGAGWA PRESS CONFERENCE https://t.co/deCV5ytoCG — ZimEye (@ZimEye) May 1, 2020

Cassava Remit Boosts Livelihoods As World Bank Hails Remittances As Essential Service

In more developed countries whose economies are better off than most in sub-Saharan Africa, a strong safety net of social …

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RBZ Cuts Down Lending Rate To 15% As Part Of Coronavirus Measurers

Zimbabwe’s central bank said on Wednesday it would cut its main lending rate to 15% from 25%, effective May 1, …

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WATCH: IMF’s Response After Mthuli Ncube’s Letter

VIDEO LOADING BELOW MR. VILKAS:  Thank you very much.  Now, maybe we will go to the questions on different countries.  …

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RBZ Releases Foreign Currency Priority List

The Reserve Bank of Zimbabwe (RBZ) has released the new priority list for foreign currency payments with bias towards productive …

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BREAKING: Strive Masiyiwa Rated The World’s Most Influencial Business Leader Ahead Of Zuckerberg

#Covid-19: Diaspora Funeral Cash Plan Pays Tens of Thousands In Claims

THE Diaspora Funeral Cash Plan, a bespoke cash based final expenses policy provided by Diaspora Insurance, a leading global funeral …

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TOUCHING PICTURE: This The World’s Youngest Coronavirus Patient

Below is the world’s youngest coronavirus patient, a 1-month old baby from Thailand who has just recovered from COVID-19. )

Mthuli Ncube Hints At National Budget Review

THE Government is considering reviewing this year’s National Budget allocations as spending dynamics have changed following shifts in resource use …

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Retailers Have Not Yet Started Bringing Down Prices As Claimed By Govt

By A Correspondent- Retailers have disputed a statement that was issued on Thursday night by Information, Publicity and Broadcasting Services …

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POLL: Will The RBZ Move to Punish Errant Bureau De Change Agents Stabilize Exchange Rate

By Jane Mlambo| Reserve Bank of Zimbabwe has continued to punish errant bureau de changes who flout exchange regulations with …

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How Will Zim Economy Recover From The Lockdown Era?

Business Weekly|Without getting into the issues leading up to the lockdown, its implications and the current challenges around the work-from-home …

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Official, Black Market Forex Trading Rates

The current bank exchange rates for the ZWL$ today are as follows: USD to ZWL$: 25.0000 ZWL$ to RAND: 0.7564 …

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Bank, Black Market Foreign Exchange Rates 22/4/2020

The current bank exchange rates for the ZWL$ today are as follows: USD to ZWL$: 25.0000 ZWL$ to RAND: 0.7599 …

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Official, Black Market Forex Trading Rates

The current bank exchange rates for the ZWL$ today are as follows: USD to ZWL$: 25.0000 ZWL$ to RAND: 0.7550 …

Continue reading “Official, Black Market Forex Trading Rates”

Bank, Black Market Foreign Exchange Rates 21/4/2020

The current bank exchange rates for the ZWL$ today are as follows: USD to ZWL$: 25.0000 ZWL$ to RAND: 0.7550 …

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Tobacco Floors Fail To Open Amid Coronavirus Fears

State Media|The 2020 tobacco marketing season which was scheduled to open yesterday has been postponed to allow stakeholders to devise …

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IMF Urges African Countries To Put In Place Resilient Economic Policies

By Jane Mlambo| International Monetary Fund (IMF) African Department Director, Abebe Aemro Selassie has predicted that the shock on the …

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Miners Excited By Mnangagwa’s Decision To Get Them Back To Work

President Emmerson Mnangagwa yesterday announced that the country’s lock-down had been further increased by 14 days and gave the green …

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Gold Prices Fall

World Gold prices fell 2 per cent as investors opted for riskier assets following news of US President Donald Trump’s …

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COVID-19 Mitigation in Mining-Is It In Place?

By Julias Muguwe | While the newspaper headlines and television news cameras have focused on the thousands of workers in …

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Official, Black Market Forex Trading Rates As At 16/04/2020

The current bank exchange rates for the ZWL$ today are as follows: USD to ZWL$: 25.0000 ZWL$ to RAND: 0.7485 …

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How Criminals Are Hacking Facebook Pages

By Technology Reporter| The below outlines some of the hooks being used by hackers to take over Facebook pages. One …

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LIVE: IMF Press Conference

VIDEO LOADING BELOW…

Bank, Black Market Foreign Exchange Rates 15/4/2020

The current bank exchange rates for the ZWL$ today are as follows: USD to ZWL$: 25.0000 ZWL$ to RAND: 0.7346 …

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WHY IMF EXCLUDED ZIM FROM DEBT RELIEF: Mthuli’s Told Them Zimbabwe Is A Very Rich Country

By Simba Chikanza| Yesterday ZANU PF activists complained why the International Monetary Fund, IMF, has excluded Zimbabwe from its list …

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Mthuli Ncube Speaks On Why Zim Did Not Get IMF Debt Relief

State Media|The International Monetary Fund (IMF) has announced half a billion United States dollar debt service relief fund for the …

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REVEALED- Reasons Why Zimbabwe Was Excluded From IMF Debt Relief.

By Simba Chikanza| The International Monetary Fund, IMF, has excluded Zimbabwe from its list of 25 countries for debt relief, …

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Official And Black Market Forex Trading Rates

The current bank exchange rates for the ZWL$ today are as follows: USD to ZWL$: 25.0000 ZWL$ to RAND: 0.7207 …

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IMF Debt Relief – Why Was Zimbabwe Excluded?

IMF debt relief, why was Zimbabwe excluded, is this because of sanctions? Yesterday the IMF announced debt relief for 25 …

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Byo’s Ingwebu Breweries Granted Essential Service Status Like Its Rivals Delta Beverages.

INGWEBU Breweries producers of traditional beer, Indlovu, has been granted essential service status like it’s rival Chibuku Breweries of Delta …

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CHINA: McDonald’s Apologises For Abusing Black Africans Following ZimEye Expose’

By Business Correspondent| McDonald’s in China has apologised for the abuse its staff did on black customers in the Asian …

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Mangudya Told To Open Banks During Lockdown

The National Association of Non-Governmental Organisations (Nango) has expressed concern over the closure of banks as part of the 21-day …

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WATCH: Lions In Hwange Last Night | WHAT DOES THIS REMIND YOU OF?

Lions in Hwange last night… “Happy Easter from Hwange, where the lions came last night to say hello to us …

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EcoCash removes transfer fees for Covid-19 relief cash from government & NGOs

By Own Correspondent| As Zimbabwe and the rest of the world battle the COVID-19 Coronavirus pandemic, EcoCash has moved to …

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Mangudya Explains Why He’s Suspending Licenses

The two financial institutions whose operating licences have been suspended by the Reserve Bank of Zimbabwe (RBZ) over alleged illegal …

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Official and Black Market Forex Trading Rates

The current bank exchange rates for the ZWL$ today are as follows: USD to ZWL$: 25.0000 ZWL$ to RAND: 0.7300 …

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Air Zimbabwe Places Own Employees On Indefinite Unpaid Leave

The national airliner has imposed an indefinite unpaid leave on some of its workers effective 23 April 2020. In its …

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RBZ Suspends Two Financial Institutions Accused Of Illicit Foreign Currency Dealing

The RZB has released the following statement announcing that it suspended the operating license for Cash Twenty Four And Crediconnect …

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Bank, Black Market Foreign Exchange Rates

The current bank exchange rates for the ZWL$ today are as follows: USD to ZWL$: 25.0000 ZWL$ to RAND: 0.7326 …

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Is This The Death Of The Zim Dollar?

Market Watch|Just before COVID-19 hit our shores, rates were trending towards the 50 mark; certainly above 45! Immediately after the …

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WorldRemit And Other Money Transfers Authorised To Open For The Public Starting Tomorrow

Individuals/Families who rely on remittances where caught between a rock and a hard place when it was announced that money …

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Worldremit Cash Pickups| FULL INTERVIEW

Remittances are of great importance to the Zimbabwean economy. According to the Reserve Bank of Zimbabwe (RBZ), the country receives …

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What Has Mthuli Ncube Allocated Towards Fighting Coronavirus?

…as we speak we have no idea, how much the Finance Minister Mthuli Ncube @MthuliNcube allocated to Zimbabwe government to …

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COVID-19: Rand Continues to Lose Value Against US$

The rand has continued to plummet on Friday, reaching record levels against the dollar. With the number of global coronavirus cases …

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VP Chiwenga: ZESA To Supply Cheap Uniterrupted Electricity To Wheat Farmers.

By Business Reporter| Emmerson Mnangagwa’s deputy Constantino Chiwenga announcing yesterday said that the electricity supply authority is set to issue …

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Official And Black Market Forex Trading Rates

USD to ZWL$: 25.00 ZWL$ to RAND: 0.7257 Data according to the Reserve Bank of Zimbabwe Black Market Rates: USD to …

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VP Chiwenga Blames Banks For the Low Wheat Production

By Business Reporter| Emmerson Mnangagwa’s deputy Constantino Chiwenga has blamed the country’s banks for the nation’s low wheat production. Speaking …

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Cresta Hotels Shut Down Due To Coronavirus

Hotelier Cresta Hotel has temporarily closed down its hotels across the country as the Covid-19 pandemic continues to spread and …

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FULL TEXT: Unmasking The Claim That 5G Technology Has Links To Coronavirus Or Its Spread

The claim reported in a UK tabloid that 5G waves cause or accelerate the new Coronavirus which causes COVID-19 are …

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Coronavirus: RBZ Suspends More Foreign Currency Restrictions

RBZ) has suspended the 30-day foreign currency balance liquidation requirement for exporters as well as its attendant penalty system so …

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“Free Funds Will Give Citizens Flexibility”: Mthuli Ncube

BREAKING: Steward Bank has Just Opened the Following Branches Until 5pm Today | Worldremit CashPickUp

By A Correspondent | Steward Bank has just opened the following branches until 5pm today for WorldRemit cash pick up. …

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BREAKING: Bank Branches Opening On Sunday For Worldremit Cash Pickup Services

By Business Reporter| BancABC branches are opening on Sunday across the country for cash pickup services. This has been done …

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Economic Expert Hails RBZ Move to Re-Dollarize

By Jane Mlambo| Economic expert Vince Musewe has hailed the move by the Reserve Bank of Zimbabwe to re-dollarize saying …

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Zim Dollar Marginally Gains Against US Dollar After New Regulation

The Zimbabwe dollar has marginally gained value against the United States dollar the Reserve Bank of Zimbabwe (RBZ)’s relaxation of …

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Official and Black Market Forex Trading Rates

The current bank exchange rates for the ZWL$ today are as follows: USD to ZWL$: 25.0000 ZWL$ to RAND: 0.6973 …

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Banks Shut Down Over Coronavirus Fears

By A Correspondent- Stanbic Bank and First Capital Bank have closed some of their branches as the financial institutions intensify …

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Official and Black Market Forex Trading Rates As At 25/03/2020

The current bank exchange rates for the ZWL$ today are as follows: USD = ZWL$25.5344ZWL$ = RAND0.6916Data according to the …

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EcoCash Increases Transaction Limits

In a move expected to bring relief to the transacting public, EcoCash has increased daily and monthly transaction limits for …

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VP Chiwenga Directs Banks To Block Marry From Accessing Her Funds

By A Correspondent- Vice-President Constantino Chiwenga’s estranged wife, Mary Mubaiwa, has accused the retired army general of directing two leading …

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AUDIO: Have You Also Been DeFrauded By Florence Chaurura? Add Your Name We’re Calculating The Full Amount She’s Duped People

ZimEye is computing the full amount a UK nurse has defrauded members of the public under the guise of money …

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