Econet voice, data and SMS volumes decline in Q1 2021

HARARE – In its Q1 2021 trading update Econet Wireless Zimbabwe reported that the economic environment is still not ideal for business as fundamentals...

An end to commodity reliance crucial for Africa

Tapiwanashe Mangwiro HARARE-  2020 economic forecasts were mostly upbeat. Everyone raised the prospect of synchronised growth acceleration after the US-China truce, which temporarily halted the...

RBZ caps ZIPIT transactions to stop illicit forex trades

Farai Mabeza The Reserve Bank of Zimbabwe’s Financial Intelligence Unit has directed all banks to temporarily review all ZIPIT transaction limits downwards to $20 000...

Small miners reject fixed gold price

Farai Mabeza HARARE – The Zimbabwe Miners Federation has called for a review of the just announced fixed gold price of US$45 per gram saying...

African Sun sees gloomy H1 due to Covid-19 despite strong Q1

HARARE – Zimbabwe Stock Exchange listed hotelier African Sun posted a positive Q1 in which it had a 2 percentage point occupancy level increase...

Adhere to Covid-19 guidelines when holding an AGM, ZSE tells companies

HARARE – The Zimbabwe Stock Exchange (ZSE) has encouraged listed firms to convene virtual or electronic meetings while at the same time not barring...

Concern as Harare residents ignore social distancing rules

Cynthia Chitombi Failure to observe social distancing to curtail the spread of the COVID-19 virus has raised serious concern amid calls for government to take...

Money in Zimbabwean History: A Concise Currency Timeline

Speculators, Fiscal Foundations and Economic Reorganization, 1900-1910 Tinashe Nyamunda The last article examined, in part, the way that the colonial monetary system in early colonial...

High Court dismisses Ecocash attempt to interdict RBZ

Farai Mabeza The High Court has dismissed with costs Ecocash’s application by Ecocash seeking an interdict against a Reserve Bank of Zimbabwe directive to suspend...

Stock market rally surges on high turnover; TSL directors acquitted again

HARARE – The stock market rally surged at the start of a holiday shortened week buoyed by strong performances in select heavyweight counters. Turnover...

Zimbabwe launches Start-up Survey on COVID-19 response and recovery

Staff Writer Harare-based entrepreneurship promotion company, Tech-Hub, has launched the first-ever Start-Up Survey on COVID-19 and Recovery in Zimbabwe. The study is expected to gather information...

RBZ charges Ecocash directors for money laundering violations

Farai Mabeza HARARE - The Reserve Bank of Zimbabwe’s Financial Intelligence Unit (FIU) has brought charges under the Money Laundering and Proceeds of Crime Act...

Machakaire calls on youths to register for relief fund

Staff Writer Youth, Sport, Arts and Recreation Deputy Minister Tino Machakaire says youths must  register through his ministry to access start-up and relief funds which...

RBZ directs Steward Bank to limit payments into Ecocash Trust account

Farai Mabeza The Reserve Bank of Zimbabwe has ordered Steward Bank to limits payments into the Ecocash Mobile Money Trust accounts from third parties to...

Tobacco sales total US$59m in the first 15 days

HARARE - At least 26.4 million kilograms of tobacco worth US$59m have been sold so far since the start of tobacco selling season, statistics...

Zim needs fiscal support to meet testing and health facilities targets:...

HARARE – Zimbabwe Association of Doctors for Human Rights (ZADHR) says the country continues to lag behind in meeting its testing and health infrastructure...

FSCA temporarily suspends Ecsponent Financial Services’ licence

The Financial Sector Conduct Authority (FSCA) on Wednesday imposed a two-week suspension on the operations of Ecsponent Financial Services (EFS), which stands accused of...

We are on our own in fighting COVID-19 – Mangudya

Farai Mabeza Zimbabwe is battling to salvage its economy on its own in the wake of the COVID-19 pandemic after being excluded from the emergency...

Mash Holdings rent collections drop to 70% in April due to...

HARARE - Mashonaland Holdings says that the coronavirus-induced lockdown had seen rent collection levels drop to 70% from the average 95%. This comes as...

Money in Zimbabwean History: A Concise Currency Timeline

Early State-making and the historical foundations of Zimbabwe’s colonial monetary system: 1890-1900 Tinashe Nyamunda What is money in Zimbabwe? Given the contentious and dynamic experiences in...