The Reserve Bank of Zimbabwe (RBZ) has just told financial institutions that its RTGS platform can now also handle Foreign Currency Account (FCA) RTGS settlements. Before today, the RTGS platform […]
Instead of trying to prop up the failed bond notes and dollarization system, South Africa’s Finance Minister, Tito Mboweni thinks Zimbabwe is better off introducing a new currency. I think […]
The Minister of Finance, Prof Mthuli Ncube has announced his new foreign currency allocation committee. He promised that he would do this when he presented the 2019 budget proposal in […]
It is a great pleasure to debate the 2019 National Budget. This budget, Hon. Speaker Sir, could not have come at a time of great fragility and great vulnerability of […]
Back in October RBZ suspended 4 top officials after Acie Lumumba had called them out on a Facebook Live video. The officials were alleged to be behind the foreign currency […]
Just in time for the festive period, WorldRemit customers can now make fast, secure and low-cost money transfers to anyone in Zimbabwe in a partnership with BancABC at any of […]
Yesterday, President Mnangagwa said the government is crafting a new law which will compel businesses that get forex from the central bank to sell their products locally in bond notes. […]
Following an article in which I outlined a problem that I had with my FBC Mobile Moola Card, FBC have since send me their official response with regards to this issue. […]
The Reserve Bank of Zimbabwe (RBZ) says it doesn’t know where the RTGS balances are coming from. This is the central bank we are talking about and they don’t know […]
ON Friday afternoon of 2 November 2018, I visited Surface Wilmar based in Chitungwiza, Harare. The company is owned by one of the largest companies in the world in the […]
As the Reserve bank of Zimbabwe (RBZ) is in the middle of putting out allegations of it being involved in the illegal trading of foreign currency in the black markets, […]
Construction may not be the first industry that comes to mind when you think of areas ripe for disruption by blockchain technology. The construction industry is not where digital innovation […]
It seems the naming and shaming is quickly becoming a go-to tactic whenever the government wants to do something. The Finance Minister Mthuli Ncube made an infamous appointment of ‘Acie […]
This is a press release with a bit of our own commentary. Mastercard President and CEO, Ajay Banga, this week visited Zimbabwe to show Mastercard’s strong support for the country’s […]
Another conspiracy theory that make the rounds is that the central bank, Reserve Bank of Zimbabwe (RBZ) is involved in the informal and illegal money changing practice. Now Finance Minister, Professor […]
It’s 2018 and it’s also very clear that bond notes and USD’s are not the same. The government has finally admitted as much. Because banks were given two weeks to […]
Two weeks ago, it was declared that there would be separate accounts for RTGS money and forex. This announcement came much to the irritation of everyone but the government did […]
Despite yesterday conceding that he doesn’t want to wrestle with the reality ( the market forces) that bond notes (coins) are not at par with US dollars, Finance Minister Professor […]
It has been an open secret that bond notes (coins) are not at par with US dollars, although the central bank, the Reserve Bank of Zimbabwe disputed that. Since the […]
It’s exactly 8 days after the Finance Minister announced the introduction of a new tax whenever we transact on electronic platforms. He of course made the announcement at the same […]
The RBZ has issued a press statement signed by their boss, Dr John P. Mangudya. Here it is: PRESS STATEMENT DRAW DOWN OF FOREIGN CURRENCY FROM USD500 MILLION LINES OF […]
Apart from the outrageous move to separate US dollar accounts and RTGS accounts the Reserve Bank of Zimbabwe introduced, the 2 percent tax on every dollar transacted is also a talk of […]
In a blog post uploaded by CEO Tawanda Kembo, Golix have finally shared some of the statistics from their just ended token sale. As we speculated earlier this week, the […]
Following the sudden dismissal of 9 executives by Chief Executive Officer, Lazarus Muchenje, Netone’s board members called for an emergency meeting to defuse the crisis. A memo sent by Netone on […]
POTRAZ is begging the government to prioritize it when it comes to foreign currency allocation so that it acquires infrastructure to increase network coverage in the country. POTRAZ Director General, Mr. […]
EcoCash users will likely find an additional reason to use their mobile money service as the Reserve Bank of Zimbabwe (RBZ) is reportedly working with EcoCash to revise down Ecocash’s transaction […]
Following the recent sharp increase of cash burning rate, the Reserve Bank of Zimbabwe (RBZ) has decided to increase foreign currency (forex) in the economy by a further $50 million […]
NMB Bank has just announced that they have secured a line of credit of $15 million from European institutions for exporters. The $15 million is a somewhat telling contribution to […]