Standard Chartered Zimbabwe cancels Visa card use

Harare – Standard Chartered’s Zimbabwe-based unit has cancelled the use of Visa cards outside the country as Zimbabwe continues to grapple with dollar shortages.  In a notice published in a local newspaper, Standard Chartered said the bank has cancelled the use of its Visa cards outside Zimbabwe with immediate effect. The bank explained the More...

by Lex Vambe | Published 3 weeks ago
FIVE dollar bond note
By Lex Vambe On Friday, February 3rd, 2017
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RBZ launches $5 Bond Note

The Reserve Bank of Zimbabwe (RBZ) has released five dollar bond notes worth fifteen million dollars into the domestic market starting today (Thursday). Bond Note The RBZ Governor Doctor John Mangudya confirmed More...

By reporter263 On Wednesday, February 1st, 2017
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Steward Bank delivers convenience through Diaspora Banking, clients in Zimbabwe should get the same

Our previous article on the Steward Bank Diaspora Banking Unit generated quite a response! If anything, the comments showed how Zimbabweans have been frustrated by our banking sector. We cannot and will not downplay More...

By reporter263 On Saturday, January 28th, 2017
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Zimbabwe running out of US dollars

HARARE – Despite the shrill official propaganda to the contrary, Zimbabwe’s economy is continuing on its steep decline — with the latest manifestation of this implosion being the alarming disappearance More...

By reporter263 On Thursday, January 26th, 2017
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Chinotimba says loaf of bread costs $6 if you swipe

Buhera South Member of Parliament Joseph Chinotimba yesterday said people were being robbed in broad daylight as a loaf of bread was now costing $6 if one swiped. He said although the loaf cost $1 a customer had More...

By Lex Vambe On Sunday, January 22nd, 2017
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RBZ identifies banks to fund student grants

THE Reserve Bank of Zimbabwe has identified three financial institutions that will work with Government to avail educational grants to students at higher and tertiary institutions in the country. In an interview More...

By Lex Vambe On Friday, January 20th, 2017
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Zimbabwe government allows $300 withdrawal limit for civil servants

THE Reserve Bank of Zimbabwe has agreed to allow civil servants a once-off $300 withdrawal of their salaries in a bid to minimise bank charges and transport costs. Civil servants’ representatives under the banner More...

By reporter263 On Tuesday, January 17th, 2017
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Zimbabwe government releases January pay dates for civil servants …Army, Airforce gets priorty

Government has released pay dates for civil servants with members of the Zimbabwe National Army and Air Force of Zimbabwe set to receive their salaries today. In a statement issued yesterday by the Ministry of More...

BOND notes
By reporter263 On Sunday, January 15th, 2017
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$5 dollar bond note only coming in March

Reserve Bank of Zimbabwe governor John Mangudya has called on Zimbabweans to embrace plastic money as the $5 bond note is only coming in March and it will be released gradually like he did with the $2 note. The More...

By reporter263 On Monday, January 9th, 2017
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Motorists Face New Road Fee In Zimbabwe

Harare motorists are set to fork out more for using city roads as the local authority mulls introducing a fee for road maintenance following inadequate allocations from the Zimbabwe National Road Administration More...