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Towards a free market economy for Zimbabwe

Joseph Mverecha Introduction Our times are uniquely difficult and have been for a while, with limited respite. The economy is dollarizing rapidly while the local currency...

Money and Economy in Zimbabwean History: A Concise Currency Timeline

The end of Chartered Rule, entrenchment of white self-government and African economic disempowerment: Currencies, and the consolidation of Racialised Economic Spaces, 1920-1930 Tinashe Nyamunda In the...

Fuel prices up as ZERA admits arbitrage is a big worry

HARARE – The Zimbabwe Energy Regulatory Authority has hiked the price of fuel, although it remains below US$1, after admitting that pricing could not...

RBZ tightens internal bank transfers to stop illicit fx trades

HARARE - The Reserve Bank of Zimbabwe, through the Financial Intelligence Unit, has instructed banks to to limit internal transfers to two per day...

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...

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...

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...

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...

Separation of accounts to nostro and RTGS invalid: High Court

Staff Writer HARARE – In a judgment, which could have potentially far-reaching implications over the conversion of USD bank balances to RTGS, the High Court...

Ecocash a Ponzi scheme says RBZ, has agents overdraft of ZW$39m

HARARE – Ecocash, a subsidiary of ZSE-listed Cassava Smartech, is engaging in shadow banking and is a Ponzi scheme that is creating fictitious money...

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