Police have made a breakthrough in Zimbabwe's largest-ever cash heist, arresting a suspect linked to the dramatic US$4 million robbery at an Ecobank branch in central Bulawayo last year.Bulawayo polic...
An attempt to make quick profits through an online investment scheme ended disastrously for two Mutare women who were convicted of fraud after misusing their employer's US$1,500. The crime came to lig...
EcoCash has officially launched the seventh edition of its popular ChakaChaya/Ziyawa neEcoCash promotion, offering more than 200,000 customers the chance to win prizes that range from household applia...
PPC Zimbabwe has once again demonstrated its financial resilience and operational discipline, closing the financial year ending March 31, 2025, with a debt-free balance sheet and unrestricted cash hol...
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...
Police in Rusape have launched a manhunt for a cashier at N Richards Wholesalers, Tawanda Manzvinde (34), who is accused of stealing US$35,250 in cash collected over the Easter holiday - i...
Turnall Holdings Limited has posted a significantly improved financial performance for the year ended December 31, 2024, marking a key milestone in its recovery journey with a robust turnaround in cas...
The country's fintech sector has seen a significant increase in new players such as Omari, Innbucks, Mojo Mula and Mukuru in the mobile money business, which had previously been made up of EcoCash, Ne...
CAUGHT in a dilemma between printing money and possibly fuelling inflation, or nursing acute cash shortages, President Emmerson Mnangagwa's government has turned to militant policies, controlling some...
THE Government is working with the Reserve Bank of Zimbabwe and banks to ensure that pensioners access cash for their pension payouts.The country has been experiencing cash shortages that have seen me...
The High Court on Wednesday set Friday as the date when it will hear the case in which the Reserve Bank of Zimbabwe (RBZ) ban on mobile money cash-in and cash-out services is being challenged.Cassava ...
THE monetary system the world over, including in Zimbabwe, over has undergone a sea of change in the past century. From barter trade, a world without money, there have been many other means of exchang...
The Reserve Bank of Zimbabwe (RBZ) has today brought back the on cash-in, cash-out and cash-back facilities attached with stringent rules.In a statement, the RBZ advised payment system providers...
THE Reserve Bank of Zimbabwe has banned with immediate effect all cash-in, cash-out and cash-back transactions, which were used by some dealers to extort cash from members of the public. Further, the ...
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...
The Reserve Bank of Zimbabwe has directed mobile payment system providers and merchants to discontinue cash in and cash out with immediate effect while it has also directed economic agents to disconti...
Old Mutual Zimbabwe Group says it was not involved in buying foreign currency on the local foreign currency markets, in view of significant cash outflows that was notable during the half-year to June ...
A DEAL in which Indian firm, Whinstone Enterprises, was set to pour in funding into Lancashire Steel in a joint venture arrangement, has crumbled after the firm failed to follow laid down Government p...
THE Zimbabwe Revenue Authority (Zimra) says exercise duty collections more than doubled during the first quarter of 2019 compared to the same period last year after government hiked duty for fuel in J...
A DEAL in which Indian firm, Whinstone Enterprises, was set to pour in funding into Lancashire Steel in a joint venture arrangement, has crumbled after the firm failed to follow laid down Government p...
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...
Econet Wireless Zimbabwe (EZW) CEO Douglas Mboweni has described the company's equity stake in Liquid Telecom Holdings, which is just under 10% as "a US$135 million forex reserve".Speaking about the f...
CERTIFIED herbal medicines manufacturer, Musimboti Traditional Science and Technology Institute (MTSTI), has over the past two months experienced a surge in business as patients resort to traditional ...
Local Government minister July Moyo was yesterday grilled in Parliament over government's engagement of a company owned by former first lady Grace Mugabe as debt collectors in several local authoritie...
CHIVI SOUTH legislator Killer Zivhu (Zanu-PF) feels the government and the Reserve Bank of Zimbabwe (RBZ) must investigate circumstances resulting in the current cash crisis in the formal banking syst...