The top 100 only made up 45% of the nearly US$640 million that has been autioned…. hmm…
Sigh…
Minister for Finance Mthuli Ncube has appointed a new Monetary Policy Committee which replace the one that was shut down at the end of January
Following the announcement of the dissolution of the Monetary Policy Committee (MPC) we thought it would be interesting to look at who made up the old committee.
Cassava Smartech’s latest report shows that EcoCash has clocked ZWL$93 Billion in transactions since it’s inception back in 2011.
EcoCash is double-dipping according to reports that it is now charging a 0.3% for every transaction made to merchants.
There has been a uptick in the number of investment scams that are operating via EcoCash.
Judging by social media posts as well as responses to the few articles Techzim has written about the EcoCash Rewards campaign, the promotion seems to be quite popular. The mobile […]
The Reserve Bank of Zimbabwe (RBZ) released a statement that concerned the discussions and resolutions made by the Monetary Policy Committee (MPC) that took place on the 2nd of October […]
Forex auction results for 22 of September 2020 are in and the Zim dollar has continued it’s “upward” trend. The weighted average this week has made a small improvement from […]
The Forex Auction results for 15/09/20 are in and the Zimbabwe dollar has yet again seen an upturn. This week the weighted median average is ZWL$81.7076 which is a ZWL$0.9917 […]
OK, the Ministry of Finance and the Reserve Bank of Zimbabwe somehow still insist that Zimbabwe ‘has de-dollarised.’ They say the fact that you can pay for stuff in USD […]
In adherence to the Monetary Policy Statement put out by the Reserve Bank of Zimbabwe. Individuals are no longer allowed to have multiple EcoCash accounts. In a message sent out […]
In abiding by the Reserve Bank of Zimbabwe’s directives, EcoCash has instituted a ZWL$5000.00 a day limit on transactions. The outline of how this will affect daily transactions is as […]
In accordance with the Reserve Bank of Zimbabwe’s Monetary Policy Statement on Friday EcoCash put out the following press release: EcoCashNotice to All EcoCash CustomersDear Valued CustomersPlease be advised that […]
The third combined Main and SMEs Forex Auction have concluded. The local currency slumped marginally again this week from ZWL$82.9184 last week to ZWL$83.3994 this week to the United States […]
Jointly held by the Reserve Bank of Zimbabwe (RBZ) & Udugu Institute the COVID-19 Fintech Hackathon aims to use Fintech to address the pandemic’s effects on healthcare, digital payments and economic recovery. […]
The assumed deadline for the ZimSwitch’s role as the national switch was the 15th of August 2020. That deadline has passed and that led many to wonder when this measure […]
The Reserve Bank of Zimbabwe governor John Mangudya has said that remittances grew exponentially after COVID-19. It was largely expected that remittances would crash due to job-losses and the Coronavirus-induced […]
The second combined Forex results are in and the rate. from the weighted average, is ZWL$82.92. The results are as follows: SME Auction #3 Main Auction #9 Amount Allotted US$517 […]
On the 9th of July, the Reserve Bank of Zimbabwe issued a directive that made ZimSwitch the national payments switch. This meant that EcoCash was going to be relegated to […]
It seems as though the authorities have now taken aim at the number of Pyramid and Ponzi schemes in Zimbabwe. The Reserve Bank of Zimbabwe (RBZ) and the Zimbabwe Republic […]
The first-ever combined forex auction (SMEs and Grand Auction) results are in. The Reserve bank last week decided to merge the two auctions after what seemed to have been a […]
The first small to medium enterprises (SMEs) foreign exchange auction has concluded. This second auction is meant to be inclusive of smaller businesses. The big auction that is held every […]
One of the criticisms against the foreign currency auction introduced by Zimbabwe’s central bank some two months ago was that it was a big boys and gals club. The minimum […]
This week’s foreign exchange auction has been completed and the results are as follows: Amount Allotted US$ 18 531 336.74 The Highest Rate ZWL$ 87.00 The Lowest Rate ZWL$ 70.00 […]
Cassava Smartech announced that they have delayed the release of their audited financial statements for fiscal year-end February 2020. They made this announcement to shareholders citing that the delay is […]
The fifth Foreign Exchange has been completed and the results are as follows: New rate is ZWL$72.147 The highest rate ZWL$82.17000 The lowest rate ZWL$55.00 The lowest accepted rate ZWL$70.00 […]
The title of this article is a paraphrase of part of the statement issued by ZANU PF today commenting on the economy. Here is the actual excerpt: ZANU PF also […]
The fourth running of the Foreign Exchange Auction has been completed and the weighted average is ZWL$68.8879. An increase from last week’s ZWL$65.88. Which means the “official” rate is US$1 […]