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

BUSINESS NEWS

Electronic transactions usage in remote areas surges

THE use of mobile and Internet-based transactions in remote areas has been on an upward trajectory with the generality of the country's populace embracing modern modes of payment.A snap survey in most...

By Staff reporter | Published: 30 December 2018

POLITICS

Flush out money changers, says Zanu-PF

ZANU-PF members in Bulawayo have raised concern over the continued existence of illegal foreign currency dealers they claim are now operating in secret to evade arrest, and called for the re-introduct...

By Staff reporter | Published: 06 December 2018

BUSINESS NEWS

3 money changers appear in court

THREE suspected money changers, all women, appeared in court yesterday for allegedly violating the country's Exchange Control regulations. Thelma Moyo, Chipo Muteswa and Rebecca Kurekwechuma appeared ...

By Staff reporter | Published: 15 November 2018

BUSINESS NEWS

Money changers desert Bulawayo streets

ILLEGAL money changers in Bulawayo have devised new tricks to evade arrest following President Emmerson Mnangagwa's promulgation of new regulations that may see offenders being jailed for up to 10 yea...

By Staff reporter | Published: 15 November 2018

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
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