BUSINESS NEWS

RBZ creating artificial money to fund gold exports

THE Reserve Bank of Zimbabwe (RBZ) plans to flood the banking system with more transferable balances created through real time gross settlement (RTGS) intended to support gold exporters in a desperate...

By Staff reporter | Published: 13 September 2018

FINANCIAL SERVICES

First Money Microfinance launches Debit Card

First Money Microfinance Services (FMFS), a fintech with seven branches nationwide, has launched a debit card in partnership with StewardBank.The innovation called iSave debit card allows customers of...

By Staff reporter | Published: 11 September 2018

TELECOMS & TECHNOLOGY

OneMoney spurs NetOne active subscriber base

MOBILE telecommunications firm, NetOne, says its mobile financial service - OneMoney - increased its active subscribers by more than 49% in the first quarter of the year, due to the increase in the us...

By Staff reporter | Published: 24 July 2018

OPINION

Why digital money makes sense

William Arthur Ward was an American who contributed a lot to the Reader's Digest. His main genres were inspirational maxims and meditations and poems. One of the things he said was: "A pessimist compl...

By Nick Mangwana | Published: 19 June 2018

BUSINESS NEWS

Mnangagwa calls for increased use of plastic money

President Emmerson Mnangagwa yesterday acknowledged the worsening cash crisis and encouraged increased use of plastic money.Addressing mourners during the burial of the late national hero John Chimban...

By Staff reporter | Published: 11 June 2018

BUSINESS NEWS

Govt headache over moneychangers

Finance minister Patrick Chinamasa has blamed the police for failing to arrest unlicensed foreign currency traders saying there was a legal framework in place to curb the vice.This comes as the countr...

By Staff reporter | Published: 07 June 2018

TELECOMS & TECHNOLOGY

OneMoney reaches 1million subscribers

THE country's second largest mobile network service provider by subscriber base, NetOne, says up to one million subscribers are now transacting through its OneMoney mobile money platform.Chief executi...

By Staff reporter | Published: 07 June 2018

BUSINESS NEWS

Money Laundering Bill sails through

THE Money Laundering and Proceeds of Crime Bill yesterday sailed through the National Assembly, with MPs suggesting that the legislation should deal with illegal foreign currency dealers.The Bill was ...

By Staff reporter | Published: 06 June 2018

POLITICS

Khupe to sue Chamisa over campaign money

MDC-T breakaway faction leader, Thokozani Khupe, has threatened to approach the courts on an urgent basis seeking to bar her rival Nelson Chamisa from using the money he recently received under the Po...

By Staff reporter | Published: 01 June 2018

TELECOMS & TECHNOLOGY

'Upsurge in Zimbabwe mobile money fraud'

ZIMBABWE Information and Communication Technologies (ZICT) has warned that an increasing number of vendors and small-to-medium scale enterprises are receiving fake messages of transactions on their mo...

By Staff reporter | Published: 30 May 2018

POLITICS

Zimbabwe fast tracks money laundering Bill

GOVERNMENT says it is fast tracking the finalisation of the Money Laundering and Proceeds of Crime (Amendment) Bill meant to curb money laundering and plug mineral leakages in the country.Speaking in ...

By Staff reporter | Published: 21 May 2018

TELECOMS & TECHNOLOGY

OneMoney subscribers get free school fees

Lucky subscribers of NetOne's mobile money service, OneMoney, have been paid back the money they used to pay school fees through the service, as part of a promotion being run by the mobile network ope...

By Staff reporter | Published: 14 May 2018

OPINION

Mobile money is the future coming early?

With 96 percent of all transactions in Zimbabwe now being done on point-of-sale machines, mobile phones or through digital platforms, Zimbabwe is moving rapidly into what will be the norm for the 21st...

By Staff reporter | Published: 11 May 2018

TELECOMS & TECHNOLOGY

Schools defy Govt on mobile money transfers

SOME schools in Mutare are resisting fees payments through mobile money transfers despite a directive by the parent ministry that they acquire merchant codes and cushion parents from the cash crisis, ...

By Staff reporter | Published: 11 May 2018

BUSINESS NEWS

Money changers face prosecution

GOVERNMENT, through the Judicial Services Commission, is finalising administrative mechanisms for establishment of the Commercial Court, which will prosecute offenders for commercial crimes, among the...

By Staff reporter | Published: 08 May 2018

OPINION

Women make sense with money

A LOCAL organisation says women who take loans from institutions have a high rate of paying back, as such, they are worth supporting financially.Natalie Goredema the director of a local company Moms A...

By Robin Muchetu | Published: 04 May 2018

OPINION

Money and corruption in Zanu-PF

AFTER the release of Zanu-PF's list of aspiring candidates for parliament, we can now confirm that a record of fraud, crime and general crookedness is not a hurdle to one's political ambitions in the ...

By Staff reporter | Published: 04 May 2018

BUSINESS NEWS

Money changers derailing regional financial integration

Reserve Bank of Zimbabwe deputy governor Jesimen Chipika has accused illegal money changers of derailing regional financial integration efforts and promoting money laundering.Chipika made the remarks ...

By Staff reporter | Published: 25 April 2018

OPINION

Best ways to save money as a couple

When you live alone, you tend not to notice some financial issues. Indeed, you buy what you want, don't discuss your costs with anybody, and don't search for ways to save money unless you really need ...

By Prime | Published: 20 April 2018

BUSINESS NEWS

Mnangagwa brings the money

President Emmerson Mnangagwa's amnesty for illegal externalisation of money has shored up Zimbabwe's foreign currency reserves – and has also exposed the impunity with which companies and individual...

By Staff reporter | Published: 03 April 2018

FINANCIAL SERVICES

RBZ moves to protect mobile money users

THE Reserve Bank of Zimbabwe (RBZ) has amended the National Payment Systems Act to prevent close to five million mobile money subscribers from losing their money should network operators (MNOs) collap...

By Staff reporter | Published: 29 March 2018

BUSINESS NEWS

Mobile network operators directed to tackle money transfer hiccups

GOVERNMENT has directed mobile network operators to integrate services and facilitate interoperability of mobile money in line with the country's financial inclusion strategy.In view of the persistent...

By Staff reporter | Published: 20 February 2018

TELECOMS & TECHNOLOGY

NetOne offers discounts on OneMoney transactions

Mobile telecommunications giant NetOne has introduced a promotion for its One Money customers, that will see them enjoying discounts for purchases made through the platform.Dubbed 8Time Promotion, it ...

By Staff reporter | Published: 15 February 2018

BUSINESS NEWS

Zim electronic money hits 96% of transactions

Monetary transactions in the Zimbabwean economy are now dominated by electronic payment systems with more than 96 percent of local transactions now being conducted through plastic, internet and mobil...

By Staff reporter | Published: 08 February 2018

BUSINESS NEWS

Lending rate restricted money market interest rates

Average interest rates for money market investments were restricted by bank lending rates that ranged from between six percent and 12 percent in 2017, Old Mutual Securities (Omsec) has said. In their ...

By Staff reporter | Published: 08 February 2018
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