POLITICS

Chiwenga fell out with Chivayo over unfulfilled cash promises

Former Zanu-PF MP Temba Mliswa has sensationally alleged that Vice President Constantino Chiwenga's recent push to have businessman Wicknell Chivayo arrested is rooted in personal disputes rather than...

By Staff reporter | Published: 30 September 2025

POLITICS

Zanu-PF bigwigs trapped with cash, cars

Zanu-PF provincial chairpersons are reportedly being courted with luxury vehicles and cash as part of efforts to secure endorsement for extending President Emmerson Mnangagwa's term of office at the r...

By Staff reporter | Published: 17 September 2025

BUSINESS NEWS

Cash dependency threatens Zimbabwe's digital economy goals

Banking experts have warned that Zimbabwe's heavy reliance on cash is undermining the country's push towards a digital economy, despite widespread mobile penetration and modern payment infrastructure....

By Staff reporter | Published: 04 September 2025

BUSINESS NEWS

Mukuru runs out of cash

Hundreds of recipients of diaspora remittances in Masvingo were left stranded on Monday after Mukuru, Zimbabwe's largest international money transfer agent, temporarily ran out of cash.Beneficiaries w...

By Staff reporter | Published: 03 September 2025

POLITICS

Residents urge police to prioritise safety over cash

Bulawayo residents have called on police to put the protection of lives ahead of revenue collection, accusing officers of focusing more on areas where fines can be easily collected than on crime hotsp...

By Staff reporter | Published: 18 August 2025

FINANCIAL SERVICES

RBZ pushes for ZiG cash access via ATMs

The Reserve Bank of Zimbabwe (RBZ) has mandated all commercial banks to ensure the full distribution of Zimbabwe Gold (ZiG) cash through automated teller machines (ATMs) by the end of September 2025, ...

By Staff reporter | Published: 11 August 2025

POLITICS

Cash flow constraints hamper devolution funding

Finance Minister Professor Mthuli Ncube has attributed the government's failure to meet the constitutionally mandated five percent allocation of national revenue towards devolution to cash flow constr...

By Staff reporter | Published: 29 July 2025

BUSINESS NEWS

Security guard arrested in Ecobank cash heist probe

Police have made a breakthrough in Zimbabwe's largest-ever cash heist, arresting a suspect linked to the dramatic US$4 million robbery at an Ecobank branch in central Bulawayo last year.Bulawayo polic...

By Staff reporter | Published: 04 July 2025

BUSINESS NEWS

Online investment scam backfires for EcoCash agents

An attempt to make quick profits through an online investment scheme ended disastrously for two Mutare women who were convicted of fraud after misusing their employer's US$1,500. The crime came to lig...

By Staff reporter | Published: 25 June 2025

BUSINESS NEWS

EcoCash launches Ziyawa promotion with over 200,000 prizes

EcoCash has officially launched the seventh edition of its popular ChakaChaya/Ziyawa neEcoCash promotion, offering more than 200,000 customers the chance to win prizes that range from household applia...

By Staff reporter | Published: 23 June 2025

INDUSTRIALS & ENERGY

PPC Zimbabwe triples cash holdings, remains debt-free

PPC Zimbabwe has once again demonstrated its financial resilience and operational discipline, closing the financial year ending March 31, 2025, with a debt-free balance sheet and unrestricted cash hol...

By Staff reporter | Published: 11 June 2025

TELECOMS & TECHNOLOGY

EcoCash launches international money transfers from Zimbabwe

EcoCash, Zimbabwe's largest and leading fintech platform, has launched a new international money transfer service that allows customers to send money from Zimbabwe to several other countries.In a stat...

By Staff reporter | Published: 14 May 2025

BUSINESS NEWS

N Richards cashier steals US$35 250

Police in Rusape have launched a manhunt for a cashier at N Richards Wholesalers, Tawanda Manzvinde (34), who is accused of stealing US$35,250 in cash collected over the Easter holiday  -  i...

By Staff reporter | Published: 10 May 2025

INDUSTRIALS & ENERGY

Turnall registers strong turnaround in cash generation

Turnall Holdings Limited has posted a significantly improved financial performance for the year ended December 31, 2024, marking a key milestone in its recovery journey with a robust turnaround in cas...

By Staff reporter | Published: 01 May 2025

FINANCIAL SERVICES

EcoCash maintains market leadership amid rising competition

The country's fintech sector has seen a significant increase in new players such as Omari, Innbucks, Mojo Mula and Mukuru in the mobile money business, which had previously been made up of EcoCash, Ne...

By Staff reporter | Published: 14 April 2025

BUSINESS NEWS

Cash crisis shakes Mnangagwa's govt

CAUGHT in a dilemma between printing money and possibly fuelling inflation, or nursing acute cash shortages, President Emmerson Mnangagwa's government has turned to militant policies, controlling some...

By Staff reporter | Published: 06 October 2019

BUSINESS NEWS

Zimbabwe pensioners to get express cash

THE Government is working with the Reserve Bank of Zimbabwe and banks to ensure that pensioners access cash for their pension payouts.The country has been experiencing cash shortages that have seen me...

By Staff reporter | Published: 06 October 2019

BUSINESS NEWS

High Court sets EcoCash hearing date

The High Court on Wednesday set Friday as the date when it will hear the case in which the Reserve Bank of Zimbabwe (RBZ) ban on mobile money cash-in and cash-out services is being challenged.Cassava ...

By New Ziana | Published: 04 October 2019

OPINION

Zimbabwe now a truly cashless society

THE monetary system the world over, including in Zimbabwe, over has undergone a sea of change in the past century. From barter trade, a world without money, there have been many other means of exchang...

By Staff reporter | Published: 04 October 2019

BUSINESS NEWS

RBZ develpps cold feet, brings back cash-in, cash-out

The Reserve Bank of Zimbabwe (RBZ) has today brought back the on cash-in, cash-out and cash-back facilities attached with stringent rules.In a statement,  the RBZ advised payment system providers...

By Staff reporter | Published: 02 October 2019

BUSINESS NEWS

RBZ clamps down on illegal cash deals

THE Reserve Bank of Zimbabwe has banned with immediate effect all cash-in, cash-out and cash-back transactions, which were used by some dealers to extort cash from members of the public. Further, the ...

By Staff reporter | Published: 01 October 2019

BUSINESS NEWS

Zimbabwe Reserve Bank bans mobile money agencies

In what analysts have described as a major blow to the advent of mobile money and financial inclusion, the Zimbabwean central bank has banned mobile money agencies from facilitating cash withdrawals o...

By Staff reporter | Published: 30 September 2019

BUSINESS NEWS

RBZ bans Cash In and Out with immediate effect

The Reserve Bank of Zimbabwe has directed mobile payment system providers and merchants to discontinue cash in and cash out with immediate effect while it has also directed economic agents to disconti...

By Staff reporter | Published: 30 September 2019

FINANCIAL SERVICES

Old Mutual explains half-year cash outflows

Old Mutual Zimbabwe Group says it was not involved in buying foreign currency on the local foreign currency markets, in view of significant cash outflows that was notable during the half-year to June ...

By Staff reporter | Published: 27 September 2019

INDUSTRIALS & ENERGY

Lancashire Steel deal collapses

A DEAL in which Indian firm, Whinstone Enterprises, was set to pour in funding into Lancashire Steel in a joint venture arrangement, has crumbled after the firm failed to follow laid down Government p...

By Staff reporter | Published: 03 May 2019
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