Cottco completes ZAMCO loan repayment

The Cotton Company of Zimbabwe (Cottco) has completed repayment of a $54 million loan granted by ZAMCO in 2014, marking a milestone in the revival of the company, backed by government support granted ...

By Staff reporter | Published: 06 October 2019


MDC activist loses bid to bar payment of salaries for MPs

MDC activist, Justice Dzingirayi, together with his lawyers, John Mugogo Attorneys have been slapped with costs on a high scale after their application seeking to bar Finance minister and Clerk of Par...

By Staff reporter | Published: 11 July 2019


Chasi posts R139 million proof of payment to Eskom on Twitter

Zimbabwe's energy minister Fortune Chasi was on Tuesday forced to put the proof of the country's US$10m (R139m) payment to Eskom on his twitter account, after earlier claims of having paid was refuted...

By Staff reporter | Published: 02 July 2019


Zimbabwe confirms Eskom payment

Government yesterday confirmed paying US$10 million to South African power utility, Eskom, to service the debt to the power utility - and the money was set to be in the receiver's bank by end of day y...

By Staff reporter | Published: 02 July 2019


Zimbabwe bonus payments to power retail boom

ZIMBABWE'S retail sector is seen picking up in the short-term as consumer spending is expected to firm up following Treasury's timely payment of bonuses for civil servants this year.Government, for th...

By Staff reporter | Published: 06 December 2018


Zimnat introduces hard currency payment option

Zimnat General Insurance has introduced a hard currency insurance payment option to enable its clients to retain the value of their insured assets in the event of their sustaining a loss and making an...

By Staff reporter | Published: 05 December 2018


RioZim sues RBZ over US$ payments

Resources group, RioZim, has sued the central bank to force it to pay over $92 million it claims is owed dating back to 2016 in a case that highlights the acute dollar shortages blighting the southern...

By Staff reporter | Published: 22 November 2018


MDC Alliance youths demand demo payment

The MDC Alliance paid youths to demonstrate against the Zimbabwe Electoral Commission on Wednesday in Harare, it has emerged.Some of the rowdy youths who had not received full payment were exclusively...

By Staff reporter | Published: 14 July 2018


Govt slashes e-payment charges

Government yesterday slashed unstructured supplementary service data (USSD) charges by more than half to 5 cents per session effective July 1, as it moves to accelerate the use of e-payments.USSD is a...

By Staff reporter | Published: 21 June 2018


Banks discontinue manual RTGS payments

A NUMBER of financial institutions in Zimbabwe have discontinued manual real-time gross settlement (RTGS) payments, as they go paperless, banking on increasing their efficiencies.Some of these banks i...

By Staff reporter | Published: 22 May 2018


Zim struggling with foreign payments backlog

ZIMBABWE'S foreign payments backlog has risen to over $600 million from $570 million in September last year, central bank governor John Mangudya has said.The governor dismissed assertions from pockets...

By Staff reporter | Published: 17 May 2018


Zimswitch introduces new payment system

ZIMSWITCH Technologies, a company that provides interoperability for local financial payment systems, has introduced "Zeepay", a new electronic payment product that enables users to send money to mult...

By Staff reporter | Published: 09 May 2018


Zimswitch eyes new platform for bulk payments

ZIMSWITCH is in final stages to introduce an electronic transacting system for bulk payments to relieve pressure on the Real Time Gross Settlement (RTGS) system.Zimswitch deputy general manager Zabron...

By Staff reporter | Published: 08 May 2018


Zimbabwe rolls out online visa payment system

Government has rolled out the online visa payment facility as part of efforts to facilitate travel in line with the objective of improving the ease of doing business through harnessing information com...

By Staff reporter | Published: 04 May 2018


RTGS payments decline

Transactions that passed through the Real Time Gross Settlement (RTGS) systems in the week to March 29, 2018 were down 14 percent to close the week at $1,5 billion from $1,7 million, official data sho...

By Staff reporter | Published: 24 April 2018


Tobacco farmers hail payment in forex

Tobacco farmers have welcomed Government's decision to pay them part of their money in foreign currency.The growers are entitled to a cash withdrawal of $300 per sale from banks operating at the aucti...

By Staff reporter | Published: 17 April 2018


Slow processing of payments irks tobacco farmers

Tobacco farmers are complaining over delays in the processing of their payments at the auction floors in Harare, resulting in most of them spending days camped at the floors.They said their cheques we...

By Staff reporter | Published: 13 April 2018


National Payment System transactions decline

The value of transactions processed through the National Payment System (NPS) for the week ending March 9 declined to $1,83 billion from $1,93 billion the previous week due to a decline in electronic ...

By Staff reporter | Published: 04 April 2018


95% repayment of loans encouraging, says CBZ

Zimbabwe's largest banking group by assets and deposits, CBZ Holdings Limited says repayment of loans by small to medium enterprises has been encouraging at 95 percent. This has prompted the financial...

By Staff reporter | Published: 22 March 2018


Removing the hassle out of school fees payments in Zim

Cash is a crisis in Zimbabwe. Depending on where you stand on the digital financial inclusion discussion, this could be a great opportunity or a great inconvenience.  One thing that cannot be con...

By Staff reporter | Published: 07 March 2018


Bulawayo kombis adopt swipe payment

BULAWAYO public transport operators have resolved to introduce swiping for commuter fares that range from 50 cents to a dollar in a bid to ease the strain of cash shortages.The service is a brain chil...

By Staff reporter | Published: 27 February 2018


RBZ increases gold delivery payments

THE Reserve Bank of Zimbabwe through its arm, Fidelity Printers and Refiners (FPR) has increased its payments for gold deliveries in United States dollars from 60 to 70 percent as part of efforts to c...

By Staff reporter | Published: 14 January 2018


Mobile payments surge

Mobile payments and point of sale transactions have surged by a significant margin compared to last year as business embrace the use of plastic money.Burdened by a liquidity challenge that has stretch...

By Staff reporter | Published: 02 December 2017


Mugabe gets $10m lump sum payment

Zimbabwe's former president Robert Mugabe, 93, was reportedly offered a $10 million lump sum payment, full monthly salary, medial cover, security as well as protection of his private properties, as pa...

By Staff reporter | Published: 25 November 2017


Zimswitch to launch payment system

Zimswitch says it plans to launch two payment streams simultaneously with other Sadc countries that are expcted to complete their trial runs on a cross-border payment system by July next year .The com...

By Staff reporter | Published: 20 October 2017

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