May 2018 proved to be a crazy month in the cryptocurrency world. Cryptocurrencies went from ‘allowed’ to ‘banned’ and back to ‘allowed’ all in the space of 12 days. Governor […]
No surprise really, I was expecting the Reserve Bank of Zimbabwe to be challenged in court for their directive that effectively banned cryptocurrency in Zimbabwe. The central bank did not […]
So after sending out a circular to banks prohibiting them from opening and continuing to hold accounts for individuals and entities that trade in bitcoin and the rest of cryptocurrencies, […]
The central bank of Zimbabwe, RBZ, has placed a ban given a directive to banks and financial institutions to stop processing transactions to do with Cryptos. The measures are apparently being […]
The uptake of Point of Sale machines has exceeded the Reserve Bank of Zimbabwe’s expectations because of a 20 percent increase of POS devices in circulation. POS machines increased from […]
The banking sector is in a good momentum characterized by its profitability last year. Shrewd investments and lending practices have significantly reduced non-performing loans and prop the banking sector’s profitability. The shrewd […]
Earlier this year, The Reserve Bank of Zimbabwe Governor John Mangudya announced that the Zanu-PF controlled government was set to put in place measures to stop curb the multi-tier pricing system […]
Indicated by substantial profits, last year was a prosperous year for all banks in Zimbabwe. Cautious but shrewd lending among other factors has contributed for banks to post these profits. […]
Real estate agents are complaining that the three-tier pricing system in Zimbabwe is affecting the property market as it results in properties being valued at low prices. This means that real […]
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 […]
The African Export Import Bank (Afreximbank) said they will avail a loan to the tune of $1.5 billion to Zimbabwe to assist with the economic recovery process. The president and chairman […]
Last night, Steward Bank launched it’s newest product: the Globetrotter card The Globetrotter card is a Visa card by Steward Bank. The card can be obtained by both Steward bank […]
Before you light your torches to burn me alive, I am well aware of the current situation as regards bond notes. Ever since their introduction at 1:1 with the USD, […]
REVIEW OF THE EXPORT INCENTIVE FOR TOBACCO GROWERS FOR THE 2018 TOBACCO MARKETING SEASON The Reserve Bank of Zimbabwe (the Bank) recognises the growing significance of tobacco as a key […]
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 […]
The RBZ has said that they are adding another $300 million worth of bond notes (I call them notes of bondage) by the end of November. They say this is […]
Like I said, I’m on a roll to help you save money. Actually, maybe we should call it the #cheapskate series, what do you think? 😉 Anyway, so EcoCash enables […]
So actually the full title is Minister of Cyber Security, Threat Detection and Mitigation and he is non other than the outgoing Minister of Finance and Economic Development, Hon Patrick […]
The RBZ says it has come to their attention that certain retailers and traders of goods and services are refusing to accept modes of payment other than cash. I do […]