Business

In response to the statement that was issued by the Secretary of Information and Broadcasting Services, Nick Mangwana, pertaining the suspension of phone-based monetary transactions, Ecocash has released a statement which highlights that only the Reserve Bank can give a directive for the suspension. Part of the statement reads “Ecocash is regulated by the Reserve Bank of Zimbabwe and would ...

The police have listened to the public cry on bond notes and have urged people to report all people that refuse the bond note and coins so far seven people have been arrested. The arrest was made on the bases that the bond note and coins still remain the legal tender of the country. In a statement yesterday, national police ...

Government has, with immediate effect, suspended phone-based monetary transactions in a bid to ‘arrest and prosecute offenders.’ The press statement was released by the Secretary  for Information and Broadcasting Services, Nick Mangwana, and part of it highlights that ‘Ecocash, in particular, is acting as the centre pivot of the galloping black market foreign exchange rate and therefore, fuelling the incessant ...

MDC Alliance leader Nelson Chamisa has urged Zimbabweans to be competitive on the world market as media companies are generating a lot of income in other countries while Zimbabwe is succumbing to the ravages of economic decay. Chamisa commented Jon Erlichman’s tweet which showed how much money is generated by companies such as Apple, Google, Microsoft, Amazon, Facebook and Netflix ...

Government has announced that prices of mealie- meal have reduced, with the retail price of 10kg now costing ZWL $50. On behalf of His Excellency President Emmerson Mnangagwa, Minister of Finance and Economic Development Mthuli Ncube announced the price reduction in a statement.  “As you may be aware, His Excellency President, Cde E.D Mnangagwa announced that subsidies on maize be ...

Former Secretary of Zimbabwe Hospital Doctors Association (ZHDA) Dr Bhebhe M.A sounds ungrateful following London based Zimbabwean billionaire Strive Masiyiwa’s offer of ZWL $5000 to doctors. Posting on his twitter handle Bhebhe said Masiyiwa’s contribution is a short term solution and is only for junior doctors. “Mr Strive Masiyiwa your gesture of goodwill is noted. However, it is temporary and ...

NetOne has today announced that it has introduced a zero-rated transactions on all OneMoney transactions except the statutory 2% tax and card swipe charges. Addressing journalists at NetOne conference room the company’s Chief Executive Officer (CEO) Mr Lazarus Muchenje said there will be no charges when sending or receiving money and also on cash outs at any NetOne Shop or ...

President Emmerson Mnangagwa has commissioned new Zimbabwe United Passenger Company (ZUPCO) buses in Bulawayo at the City Hall car park. Mnangagwa is also expected to officiate the graduation ceremony of National University of Science Technology (NUST) after commissioning 76 buses. Ministry of Information, Publicity and Broadcasting tweeted, “LIVE FROM BULAWAYO where President @edmnangagwa is set to commission a new fleet ...

Former Finance Minister Tendai Biti has claimed that the new Zimbabwe Dollar notes were printed in January this year. Reserve Bank of Zimbabwe (RBZ) has recently announced that it will reintroduce the Zimbabwean Dollar notes of its currency. Posting on his twitter handle Biti said, “The madness continues unabated. These notes were printed long back in January 2019 but they ...

Zimbabwe second largest mobile network provider NetOne today signed a Memorandum of Understanding with Harare Institute of Technology with the Mobile & Data giant financially and infra-structurally supporting the elite state tertiary learning institution. NetOne Chief Executive Lazarus Muchenje has applauded this strategic and first in the sector relationship. Muchenje said the partnership will empower the community especially women and ...