OPINION

Monetary history of Zimbabwe

The British South Africa Company did not initially introduce a formal monetary system in its territories. Instead, during the 1890s, the region adopted the monetary legislation of the Cape Colony, all...

By Staff reporter | Published: 15 November 2025

BUSINESS NEWS

Councils abusing Zinara money to pay for workers' salaries

Transport and Infrastructural Development Minister Felix Mhona has criticised some local authorities for misusing funds provided by the Zimbabwe National Roads Administration (Zinara), warning that th...

By Staff reporter | Published: 14 November 2025

BUSINESS NEWS

IMF commends Zimbabwe for ending money printing

The International Monetary Fund (IMF) has commended Zimbabwe for halting the long-standing practice of printing money to finance government projects - known as quasi-fiscal operations - saying the re...

By Staff reporter | Published: 22 October 2025

BUSINESS NEWS

Zimbabwe's informal economy a risk to anti-money laundering drive

Zimbabwe's high levels of informal economic activity remain a significant obstacle in the country's fight against money laundering, officials have warned. The informal sector, estimated to account fo...

By Staff reporter | Published: 13 September 2025

ZIMBABWE

RBZ crackdown on money laundering

Following an intensive investigation into smuggling, money laundering, and financial externalisation, Zimbabwean authorities have launched a crackdown targeting several businesspeople and companies im...

By Staff reporter | Published: 08 August 2025

BUSINESS NEWS

Money laundering costs Zimbabwe US$6,5bn

Zimbabwe has lost an estimated US$6.15 billion to money laundering-related crimes over the past five years, with car dealerships, gold smuggling, and entrenched corruption networks topping the list of...

By Staff reporter | Published: 22 July 2025

BUSINESS NEWS

RBZ exposes massive money laundering

The Reserve Bank of Zimbabwe (RBZ) has unearthed large-scale illicit financial flows (IFFs) in the country's real estate and motor vehicle dealership sectors, revealing industrial-scale money launderi...

By Staff reporter | Published: 18 July 2025

AMERICAS

Sending money from the US just got more expensive

Zimbabweans living in the United States will now have to dig deeper into their pockets to send money back home after the US Senate approved President Donald Trump’s 1% tax on international remittanc...

By Staff reporter | Published: 07 July 2025

POLITICS

The role of money in Zanu-PF politics

Former Zanu-PF politburo member, cabinet minister, and MP Professor Jonathan Moyo has issued a cautionary statement on the limitations of wealth in politics, saying money may be influential, but it ca...

By Staff reporter | Published: 01 July 2025

BUSINESS NEWS

IMF presses Zimbabwe to avoid money printing

The International Monetary Fund (IMF) has called on the Zimbabwean government to close its significant 2025 fiscal financing gap using sustainable and non-inflationary methods, warning against printin...

By Staff reporter | Published: 25 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

POLITICS

Guti rejects Chivayo's 'dirty money,' Land Cruiser

Eunor Guti, widow of the late Archbishop Ezekiel Guti and spiritual matriarch of ZAOGA Forward In Faith Ministries International, has declined a luxury vehicle and a US$250,000 cash gift offered by co...

By Staff reporter | Published: 12 May 2025

AFRICA BUSINESS

Money, politics put world's biggest climate deal at risk

When Indonesia agreed last year to clean up its energy system with an estimated US$20 billion of help from a coalition of wealthy countries and large financial institutions, world leaders hailed the d...

By Bloomberg | Published: 12 September 2023

BUSINESS NEWS

High money supply keeps inflation up

The spectre of sustained high inflation remains a real threat after Zimbabwe's annual broad money grew 81 percent to $17 billion in the 12 months to July 2019 driven by growth in foreign currency acco...

By Staff reporter | Published: 18 October 2019

FINANCIAL SERVICES

Money Supply (M3) rises to $17.1 billion in July 2019

The Reserve Bank of Zimbabwe released its monthly economic review documents for July 2019. The publication gives a general overview of a wide range economic statistics. The monetary statistics are a k...

By Staff reporter | Published: 18 October 2019

TELECOMS & TECHNOLOGY

Nkosinathi Ncube's good job - OneMoney grows 97%

NETONE'S mobile money transfer service, OneMoney has grown by 97 percent in the three months ending September 30, 2019, driven by unique offerings including OnePay, a bulk payment facility, an officia...

By Staff reporter | Published: 10 October 2019

TELECOMS & TECHNOLOGY

Mobile money transactions surge 108%

POSTAL and Telecommunications Regulatory Authority of Zimbabwe (Potraz) says mobile operators experienced an increase in volume and value of mobile money transactions with cash-in transactions surging...

By Staff reporter | Published: 07 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

SECZIM develops handbook on Anti-Money Laundering

In a bid to assist Securities Market Intermediaries (SMIs) in understanding their obligations in the fight against money laundering and terrorist financing in the securities sector, the Security and E...

By Staff reporter | Published: 23 September 2019

BUSINESS NEWS

Money supply growth accelerates in June

The Reserve Bank of Zimbabwe (RBZ) released its monthly economic review for June detailing monetary statistics for the 2019 half year. The report comes in the build up to Governor Dr. John Mangudya's ...

By Staff reporter | Published: 23 September 2019

BUSINESS NEWS

Money supply up by ZWL$3 million

THE Reserve Bank of Zimbabwe (RBZ) says the country has recorded an annual increase of money supply by almost ZWL$3 million while both exports and imports decreased by over 15%.This is contained in th...

By Staff reporter | Published: 04 July 2019

INDUSTRIALS & ENERGY

Eskom confirms Zimbabwe paid back the money

Eskom has confirmed that payment from Zimbabwe regarding outstanding debt is reflecting in the power utility's account. Earlier on Tuesday, Fin24 reported that Zimbabwe Energy minister Fortune Chasi p...

By Staff reporter | Published: 02 July 2019

OPINION

Zimbabwe MFIs seek exemption from 2% money transfer tax

Microfinance institutions (MFI) play a key role in providing financial services to the unbanked population of Zimbabwe. Zimbabwe has a fairly vibrant MFI sector and Parliament is currently tasked with...

By Staff reporter | Published: 28 April 2019

FINANCIAL SERVICES

WorldRemit launches money transfer service from SA to Zimbabwe

Leading digital money transfer service WorldRemit has launched low-cost online money transfers from South Africa to Zimbabwe.Using the WorldRemit app or website, Zimbabweans living in South Africa can...

By Staff reporter | Published: 31 January 2019

BUSINESS NEWS

Money changer loses US$4 000 to armed robbers

AN illegal money changer from Emganwini suburb in Bulawayo lost more than US$4 000 to seven gun-totting robbers who raided his home while he was sleeping early yesterday morning. The suspects, who wer...

By Staff reporter | Published: 19 January 2019
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