BUSINESS NEWS

MPs slam ZINARA over financial leakages

Members of Parliament have condemned the Zimbabwe National Road Administration (ZINARA) following a damning Auditor-General's report that exposed serious financial leakages, corruption risks, and weak...

By Staff reporter | Published: 04 September 2025

BUSINESS NEWS

High bank charges hindering Zimbabwe financial inclusion

High bank charges imposed by local financial institutions are choking financial inclusion in Zimbabwe and running contrary to best practices across the region, a new National Economic Consultative For...

By Staff reporter | Published: 29 August 2025

BUSINESS NEWS

Zimbabwe is losing over US$6bn to illicit financial flows

Zimbabwe is losing an estimated US$6,15 billion to illicit financial flows (IFFs) between 2020 and 2025, a drain that experts say is depriving the country of critical resources needed for development....

By Staff reporter | Published: 25 August 2025

BUSINESS NEWS

Zimbabwe's 2008 financial crash continues to haunt regulators

More than 15 years after Zimbabwe's 2008 financial collapse, the country's financial sector is once again under scrutiny as an estate developer has taken legal action against the Reserve Bank of Zimba...

By Staff reporter | Published: 22 August 2025

FINANCIAL SERVICES

Banks to report on rural financial literacy outreach

The Reserve Bank of Zimbabwe (RBZ) has stepped up efforts to promote financial literacy in rural and marginalised communities, directing all banks and microfinance institutions to submit quarterly up...

By Staff reporter | Published: 18 August 2025

BUSINESS NEWS

Gweru City Council in financial scandal

A damning 2024 Auditor-General's report has exposed deep-seated financial mismanagement at Gweru City Council, revealing unreconciled bank variances amounting to ZWL$4,9 billion, missing asset record...

By Staff reporter | Published: 16 August 2025

BUSINESS NEWS

UN calls on Zimbabwe to curb illicit financial flows

The United Nations resident and humanitarian coordinator in Zimbabwe, Edward Kallon, has urged the government to take urgent measures to curb illicit financial flows (IFFs), warning that billions of d...

By Staff reporter | Published: 13 August 2025

POLITICS

Financial mismanagement at Parliament of Zimbabwe

The Auditor-General has exposed alarming financial irregularities at the Parliament of Zimbabwe, including unauthorised fuel allocations, ballooning payment arrears, and undelivered government vehicl...

By Staff reporter | Published: 29 July 2025

POLITICS

AG exposes massive financial mismanagement

A damning report by Acting Auditor-General Rhea Kujinga, tabled in Parliament this week, has uncovered widespread financial mismanagement, weak internal controls, and systemic accounting failures acro...

By Staff reporter | Published: 25 July 2025

BUSINESS NEWS

Lake Kariba black market fish trade fuels illicit financial flows

A booming black market fish trade along Lake Kariba, driven by the illegal use of cheap twine nets, is undermining Zimbabwe's formal fishing economy and fuelling millions of dollars in illicit financi...

By Staff reporter | Published: 22 June 2025

BUSINESS NEWS

Auditor General flags deep financial mismanagement at CAAZ

The Auditor General has raised serious concerns over financial mismanagement and poor governance at the Civil Aviation Authority of Zimbabwe (CAAZ), warning that the parastatal is burdened by legacy d...

By Staff reporter | Published: 22 June 2025

BUSINESS NEWS

RioZim in eye of financial misconduct, fraud storm

Mining giant RioZim Limited is at the centre of a deepening scandal as allegations of financial misconduct, asset stripping, and systematic fraud continue to surface. According to sources familiar wit...

By Staff reporter | Published: 19 June 2025

FINANCIAL SERVICES

ZB Financial Holdings posts ZiG261.94 million profit

ZB Financial Holdings (ZBFH) has posted a strong financial performance in the first quarter of 2025, recording a profit after tax of ZiG261.94 million, underpinned by effective cost containment strate...

By Staff reporter | Published: 15 May 2025

EDUCATION

SECZim seeks to bolster financial sector integrity

The Securities and Exchange Commission of Zimbabwe (SECZim) recently held a two-day workshop in Mutare focused on Anti-Money Laundering, Combating the Financing of Terrorism, and Proliferation Financi...

By Staff reporter | Published: 08 May 2025

ZSE TODAY

SECZim raises awareness on financial crime

The Securities and Exchange Commission of Zimbabwe (SECZim) has reaffirmed its commitment to bolstering regulatory compliance and integrity within the financial sector through robust capacity-building...

By Staff reporter | Published: 08 May 2025

BUSINESS NEWS

Pensions industry's financial position strengthens in 2024

THE pensions industry's total asset valuation rose by 13,3% to US$2,26 billion last year, driven by revaluation gains, new investments and fair value gains on investments, a new report has shown.The g...

By Staff reporter | Published: 14 April 2025

AFRICA BUSINESS

SA losing US$62 billion a year due to illicit financial flows

South Africa is losing more than US$62 billion a year because of illicit financial flows (IFFs), which could be used to fund the building of schools, hospitals and safer roads.This was highlighted at ...

By Staff reporter | Published: 12 September 2023

BUSINESS NEWS

Command Agriculture facing financial challenges

LAST week, the Government of Zimbabwe announced that its Command Agriculture programme shall look to be financed by the banking sector. The country's planting season is already upon us. Field preparat...

By Chris Chenga | Published: 30 September 2019

INDUSTRIALS & ENERGY

Tongaat defers financial results

REGIONAL sugar producer, Tongaat Hulett (THL), has deferred publishing of its periodic financial results to October 2019 pending conclusion of its financial review and associated forensic investigatio...

By Staff reporter | Published: 20 June 2019

POLITICS

MDC not a financially sound institution, says Coltart

THE opposition MDC needs to transform itself into a "strong" and financially sound institution if it is to win elections in 2023, former Education Minister David Coltart has said.Coltart was speaking ...

By Staff reporter | Published: 04 May 2019

FINANCIAL SERVICES

Steward Bank partners Chinese card firm UPI for financial card services

STEWARD Bank has partnered Chinese financial services firm, UnionPay International (UPI), to provide payment services for Zimbabweans travelling between the southern African country and Beijing."Basic...

By Staff reporter | Published: 25 April 2019

BUSINESS NEWS

Chiwenga lashes out at 'financial terrorists'

VICE President Constantino Chiwenga yesterday lashed out at corporates dipping their hands in underhand parallel market exchange dealings and equated such behaviour to "financial terrorism". Addressin...

By Staff reporter | Published: 25 April 2019

BUSINESS NEWS

Parliament orders accountant-general to publish 2016 financials

ACCOUNTANT-General Daniel Muchemwa has been ordered by Parliament to produce and publish government's consolidated financial statements for 2016 and 2017 before year-end.Muchemwa, who on Monday appear...

By Staff reporter | Published: 04 December 2018

OPINION

Financial illiteracy is our biggest enemy in Zimbabwe

I found a very interesting letter in one of my old books that I last read in 2004. It is a letter that I received from Barclays Bank (Zimbabwe), offering me a Z$1 million overdraft facility. Three yea...

By Hopewell Chin'ono | Published: 12 September 2018

TELECOMS & TECHNOLOGY

TelOne's hackathon to promote mobile financial services

TELONE Centre for Learning (TCFL) will host a mobile financial services hackathon for State-owned mobile operator NetOne in collaboration with South Africa's FinMark Trust to promote mobile financial ...

By Staff reporter | Published: 12 July 2018
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