Sometimes I recall dates according to what zhet (hustle) was ‘the in zhet in Zimbabwe at that time.’ You remember ngoda (diamond rush), burning and the associated BACCOSSI, charcoal irons, […]
If you were a bit older during the third Chimurenga period in Zimbabwe then you no doubt remember Time Bank. That bank came out guns blazing before it was shut […]
The Reserve Bank of Zimbabwe has issued a statement on the use of virtual currencies in Zimbabwe at a time when Bitcoin, a cryptocurrency is trading at a premium in […]
Information that is circulating online is indicating that the US dollar has made its way back to the economy. For some who are out of the country this may seem […]
Just a few weeks ago we were astonished when we learned that the Reserve Bank of Zimbabwe (RBZ) had recorded $11 billion worth of transactions in 9 months i.e January […]
Recently, the number one issue which made journalists from outside Zimbabwe call Techzim for a comment has been Bitcoin. Why? Bitcoin was (and still is) trading at a premium in […]
There has been a cash crisis in Zimbabwe for years now. The Reserve Bank of Zimbabwe which initially denied that was the case was forced to acknowledge the crisis as […]
Over the last few months as the cash crisis in Zimbabwe continues to persist the appetite for cryptocurrencies, Bitcoin included, has increased 4-fold. Zimbabwean cryptocurrency exchange Golix.io has announced that from its […]
In less than 2 weeks Stanbic Bank has announced that they will be further reducing their Visa card payments to $100 until the end of the month. This is effective […]
Just picked myself up from the floor when I read this article on a Zimbabwean daily print newspaper that states that Zimbabwean banks have resolved not to issue cash to […]
The price of bitcoin in Zimbabwe is significantly higher than it is in other places around the world, so if you want to buy something outside Zimbabwe that has a similar […]
Foreign investment giants like JP Morgan Chase are also feeling the heat in Zimbabwe as far as the foreign currency shortages are concerned. These guys hold stocks in some companies […]
Bitcoin (BTC), the leading cryptocurrency, reached a high in Zimbabwe today as more people look to convert their bank balances to “real money” as well as getting their money out […]
In response to messages spreading on WhatsApp telling people that there is an imminent shortage of basic goods on the way and that people should stock up accordingly, the Home […]
This story was originally posted on Rolling Alpha: Finance and Economics blog (reshared with permission) Here are words that I didn’t think I’d be writing: the Zimbabwe hyperinflation is re-emerging. […]
It is now possible to conduct a Name Search and register a company online as some know already. The convenience of no longer being required to make the trip to […]
‘Winter is coming!’ That was Ned Stark’s cry throughout the first season of Game of Thrones and this theme carried through to the end of season 5. Now we are […]
We came upon some figures about the use of cash vs cards (and mobile money in our case) in other countries and it made for some interesting reading. According to […]
Earlier this year we carried out research that showed that there are at least 5.2 million users of WhatsApp in Zimbabwe. That means around 33% of the population uses the […]
I have been reading Demystifying the Chinese Economy by Justin Yifu Lin which details how China from 1979 onwards achieved rapid economic growth. Now Yifu Lin is a respected professor […]
We try to keep our tabs on what the government is announcing, but sometimes we fall short. This is the case with the most recent statement issued by the Reserve Bank […]
Co-founders of the Hypercube Hub An audit report of the Hypercube Hub that was done by what’s called the Hypercube Community has apparently exposed irregularities and abuse of funds by […]
After much speculation, Multichoice Africa has announced that DSTV Zimbabwe will not be increasing their prices this April as has been the custom. Our counterparts who are located down South were subjected […]
Over the last couple of months a lot has been happening on the money side. Techzim has covered it extensively here but still we’re yet to see someone take time out and […]
The cash crisis in Zimbabwe has been a sore point for just about everyone who’s trying to handle transactions. If it’s not the frustration of failing to access your money […]
An announcement has been made by MultiChoice South Africa that the cost of DSTV bouquets go up with effect from 1 April 2017. This increases the cost of their packages […]
DStv subscriptions and card payments totalling US$206 million were the second highest driver of foreign currency payments between July and December 2016. According to the RBZ Governor about US$45 million of that was for DStv payments.
In 2016 mobile money payments in Zimbabwe accounted for 81.2% of all electronic payment transactions maintaining the dominance mobile money services have had in transaction volumes.
During this period Zimbabwean foreign currency payments for DStv and card transactions exceeded other transactions such as the importation of raw materials for the manufacture of products like cooking oil, maize imports and the allocation for machinery and telecoms equipment.