Man loses $2 000 to conmen

A 20-YEAR-OLD Zimunya man will rue the day he entertained two conmen in Mutare’s Central Business District on Monday this week after he was duped $2 000. Justin Bonda sobbed bitterly as he chronicled how he met two seemingly innocent strangers who were asking for directions to Chikanga Rank. Bonda who was coming from Mambwere in Zimunya withdrew More...

by Lex Vambe | Published 23 hours ago
By Lex Vambe On Tuesday, May 23rd, 2017

Zimbabwe Dollar Returns

By Ndakaziva Majaka There is widespread panic among both businesses and ordinary Zimbabweans alike, after President Robert Mugabe’s ever-floundering government ill-advisedly announced last Tuesday that it was More...

By reporter263 On Monday, May 22nd, 2017

No Money To Gamble At Zimbabwe’s Fading Racecourse

Harare – Once the preserve of the ruling white minority, horse racing in Zimbabwe adapted to survive independence in 1980 by attracting a loyal following of local fans who enjoyed a bet. Now the country’s More...

By Lex Vambe On Thursday, May 18th, 2017

Zimbabwe Finance Minister says you cannot borrow money to pay lobola because a woman is not a tractor

Zimbabwe’s Finance Minister Patrick Chinamasa says people should borrow money for productive purposes and chided that one cannot borrow money to pay lobola-bride price- for example, because a woman is not More...

By reporter263 On Friday, May 12th, 2017

Bond notes weaken against US dollar

ZIMBABWE’S bond notes continued losing value to the United States unit with forex dealers in the black market discounting the local currency by as much as 15-20% this week for electronic transactions. By Chris More...

By Lex Vambe On Wednesday, May 10th, 2017

Bond notes flood Mozambique market as cash shortages hit Zimbabwe

CROSS border traders are getting into cash selling business amid reports bond notes are being sold in exchange for US dollars in neighbouring Mozambique, NewsDay has reported. BY TATIRA ZWINOIRA According to sources More...

By reporter263 On Tuesday, May 9th, 2017

Mugabe’s Party Claims White Ex-Farmers Burning Bond Notes

Angry former white commercial farmers who lost their land during the land reform exercise are behind the current cash shortages as they are destroying bonds notes, resettled farmers here were told over the weekend. Hundreds More...

By Lex Vambe On Tuesday, May 2nd, 2017

Bond notes also vanish

HARARE – There are fresh fears that the country’s dying economy is hurtling towards the debilitating depths of the 2008 hyperinflationary era, as bond notes are now also disappearing from the market. A More...

By Lex Vambe On Tuesday, April 25th, 2017

IMF says Bond notes not solution to Zimbabwe’s woes

THE International Monetary Fund (IMF) says Zimbabwe requires a comprehensive policy package to retrieve the economy from the woods, instead of seeking salvation in bond notes. A man holds bond notes released by More...

By Lex Vambe On Sunday, April 23rd, 2017

Dokora Makes U-Turn On Goat Currency

PRIMARY and Secondary Education minister Lazarus Dokora has denied directing schools to accept livestock as alternative forms of payment by cash-strapped parents. Dokora was quoted in the State controlled Sunday More...