Minister wants tresury to release $10m to Bona Mugabe bank

EMPOWERMENT minister Patrick Zhuwao says he is waiting for treasury to release US$10 million to a bank he established and appointed President Robert Mugabe’s daughter as one of the directors. Bona Mugabe Chikore is a board member of the government-owned Empower Bank while her husband Simba Chikore was handed a cushy job as deputy head of the struggling More...

by reporter263 | Published 1 month ago
By reporter263 On Monday, June 12th, 2017
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Zanu PF to dish out US$2, 5 million to young enterpreneurs ahead of 2018 poll

Government has capitalised Empower Bank, a micro-financial institution targeted at youth empowerment, to the tune of US$2, 5 million, a Cabinet minister has said. In an interview, Youth, Indigenisation and Economic More...

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By reporter263 On Sunday, June 4th, 2017
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Govt withdraws student funding: Grants financial institutions to be named: Tertiary institutions owed over $27m

THE Government has phased out the student cadetship programme at tertiary institutions in anticipation of the re-introduction of the student loan facility later this year, officials have said. The development comes More...

By reporter263 On Saturday, June 3rd, 2017
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Zimbabweans Brave Cold Nights While Sleeping In Bank Queues

Shortage of cash in Zimbabwe has forced people desperate for money to camp along pavements. The situation has also led to some waiting for long hours in queues to access their savings. Most banks in the country More...

By reporter263 On Thursday, June 1st, 2017
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Zim bond notes flood Sadc region

The Reserve Bank of Zimbabwe (RBZ) claims it is aware that bond notes are now being sold in Mozambique, Zambia and South Africa and this has contributed to the unyielding cash crisis in the country, a tacit admission More...

By Lex Vambe On Tuesday, May 30th, 2017
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Police, Prisons Get Their 2016 Bonuses

POLICE and Prisons Services have received their long delayed 2016 bonus payments with the rest of the civil service expected to receive theirs in June and August. This was confirmed by Public Service, Labour and More...

By Lex Vambe On Saturday, May 27th, 2017
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Fake Bond Notes, US Dollars flood Zimbabwe market

Fake currencies including the United States dollars and bond notes are flooding the streets of Mutare, with the peddlers targeting unsuspecting taxi drivers, barmen shop attendants and Eco-cash agents.  This has More...

By Lex Vambe On Thursday, May 25th, 2017
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Zimbabwe splashes $155m on food, beverages for first quarter of 2017

CASH-STRAPPED Zimbabwe splashed $155 million between January and March on food and beverages imports, at a time the country is suffering from severe liquidity challenges, latest trade data from the national statistics More...

By Lex Vambe On Wednesday, May 24th, 2017
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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 More...

By Lex Vambe On Tuesday, May 23rd, 2017
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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...