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

POLITICS

Magombeyi 'abduction' - trouble looms for Mnangagwa

PRESIDENT Emmerson Mnangagwa's failure to investigate and bring to account, people linked to the abductions of two unionists, Zimbabwe Hospital Doctors Association (ZHDA) leader Peter Magombeyi, trade...

By Staff reporter | Published: 07 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

POLITICS

Mugabe buried in low-key ceremony

The body of Zimbabwe's former president Robert Mugabe was buried on Saturday in his rural village of Kutama, an AFP reporter at the scene said.The family of Mugabe gathered in his rural homestead, thr...

By Staff reporter | Published: 28 September 2019

BUSINESS NEWS

Starafrica eyes 10% increase in exports

After concluding an agreement with ZETDC last month to ensure continuous power supply to the factory, Starafrica Corporation intends to recover 10% of production lost by accelerating export sales in t...

By Staff reporter | Published: 28 September 2019

MINING & RETAIL

Caledonia eyes 75 000 ounces gold output

CALEDONIA Mining Corporation, which owns Blanket Mine in Matabeleland South province, targets to increase gold output to 75 000 ounces in 2021 as the mine has begun focusing on increasing output. &nbs...

By Staff reporter | Published: 27 September 2019

POLITICS

Judge raps State over Magombeyi detention

Judge president Justice George Chiweshe yesterday dismissed the State's urgent chamber application to stop Zimbabwe Hospital Doctors' Association (ZHDA) leader Peter Magombeyi from leaving the country...

By Staff reporter | Published: 27 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

BUSINESS NEWS

General Electric eyes Zimbabwe methane gas

ZIMBABWE plans to conduct a full exploration of its gas deposits in a bid to establish the quantum of the key resource before engaging potential investors. Top United States firm, General Electric and...

By Staff reporter | Published: 01 July 2019

TRANSPORT & TOURISM

NRZ eyes regional markets for turnaround

GOVERNMENT plans to improve the interconnectivity of the National Railways of Zimbabwe with other countries in the region to improve the parastatal's market share and revenue, a Cabinet Minister said ...

By Staff reporter | Published: 14 June 2019

FINANCIAL SERVICES

CBZ eyes diaspora market

Biggest banking group by assets and deposits CBZ Holdings Limited, has set eyes on diaspora mortgages, as part of its strategy to enhance foreign currency generation, a senior official has said. Throu...

By Staff reporter | Published: 14 June 2019

OPINION

Mnangagwa borrowing bad law from Apartheid South Africa's statutes

Recently, the government of Zimbabwe, through the Minister of Home Affairs, introduced the Maintenance of Peace and Order Bill to Parliament (MOPA). This Bill, that will replace the reviled Public Ord...

By Douglas Togaraseyi Mwonzora | Published: 12 June 2019

MINING & RETAIL

Zimbabwe eyes deals at Arab African mining conference

Stakeholders in the mining industry will in June convene in London for the third annual Arab African Mining Conference Exhibition where Zimbabwe is anticipating to strike mega deals for the mining sec...

By Staff reporter | Published: 29 April 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

LANDS & AGRICULTURE

'Mechanisation is the key to productivity'

Government should continue assisting farmers with mechanisation programmes to improve productivity on farms which are heavily under-mechanised after the land reform programme. Speaking with The Herald...

By Staff reporter | Published: 24 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

MINING & RETAIL

Zimbabwe eyes rejoining London Bullion Market

Zimbabwe is targeting to upscale its engagement for re-accreditation into the London Bullion Market this year as the government seeks to optimize earnings from gold by participating on a global market...

By Staff reporter | Published: 19 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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