THE Reserve Bank of Zimbabwe (RBZ) has, with immediate effect, ordered that all EcoCash agents are barred from carrying out cash-in and cash-out transactions, saying the facilities were being abused to carry out illegal selling of cash at high cost to the public. The RBZ also says the money transfer agents are barred from carrying out cash-back transactions. In a statement issued Monday by the central bank’s Deputy Director for Financial Markets and National Payments Systems, banks and mobile payments service providers have been advised to ensure they stay in compliance with the new directive. “It has come to the attention of the Reserve Bank of Zimbabwe that some economic agents weere engaging in illegal activities abusing cash-in, cash-out and cash-back facilities th
HARARE – President Emmerson Mnangagwa and the first lady flew to the United States separately with bloated delegations, even as the government calls for belt tightening by Zimbabweans. Auxillia Mnangagwa – travelling in advance – took four journalists and six aides with her on commercial flights, despite her husband chartering a private jet from Switzerland. The US$30,000-per-hour Swiss luxury jet flew Mnangagwa to the annual United Nations General Assembly in New York on Friday, but his wife was already in the nearby state of New Jersey shopping and holding private meetings for her charity. The first lady, who has a permanent state-media team seconded to her, is travelling with a cameraman and reporter from the ZBC as well as a photographer and reporter from The
Intratrek Zimbabwe has returned to the Gwanda solar power plant site after the High Court in June ordered ZESA subsidiary, the Zimbabwe Power Company (ZPC), to work with the renewable energy company to see the 100-megawatt project to fruition. Intratrek, which is working with Chinese technical partner Chink Electrical, has in recent weeks constructed an access road, built an office block, cleared and fenced-off 260 hectares at the construction site. The Gwanda solar project has for long been seen as the poster-child of the country's failed investment in new power generation. ZPC sought to cancel the US$172 million contract accusing Intratrek of breaching their agreement, but the energy firm owned by businessman Wicknell Chivayo, has won two High Court orders, the latest in J
It is just like other insurances which is used to protect your financial losses which have occurred to your vehicle. It is, insurance that can pay for accidental/no accidental damage happened to your purchased vehicle. Well!!!!! Buying insurance is more about buying a promise of someone, who assures you to regain your whole again if something wrong happen to your purchase. The Automobile is one of the largest investments you make in your life. Just imagine a world without auto insurance. The at-fault driver would have to pay some amount to the accident victim for pain or damage out of their pocket. And the people who are injured at no fault are entitled to have their car repaired, medical bills from resulting injuries and other injury-related expenses paid by the insurance of the per
Customary Zimbabweans and financial specialists have raised a warning over intemperate premiums charged by EcoCash operators when pulling back money, saying this was unlawful, inflationary and dissolved late pay expands granted to most laborers, including government workers. The specialists and a few people addressed said there was requirement for fiscal experts and law implementation offices to found examinations so as to force reformatory measures on EcoCash operators, retail shops and other specialist co-ops who presently had a three level cost for products and ventures. This comes as the Zimbabwe Anti-Corruption Commission said it was examining the EcoCash operators while the Reserve Bank of Zimbabwe demonstrated that it would build money available for use to kill exc
A battle has ejected between Zimbabwe government and the previous late President Robert Mugabe's family over installment for cooking administrations that have been given by Nyaradzo Gathering, the Zim Morning Post can uncover. This goes ahead the background of reports that the Mugabe family contracted Nyaradzo Gathering to give providing food administrations, gear, generators, portable toilets and official versatile sleepers without government endorsement. For nourishment benefits alone the bill remained at ZW$2,5 million of at Sunday. Sources said the Mugabe family drew in Nyaradzo while government manages Pigeons Memorial service with regards to taking care of legends' entombments. "The family needed Nyaradzo in view of the nature of admin
ZANU-PF has title to previous President Robert Mugabe's homes — the impressive Blue Rooftop house in Borrowdale and a Mount Wonderful property involved by his little girl, Bona, subtleties have developed. Mugabe family representative Mr Leo Mugabe affirmed yesterday that Zimbabwe's late establishing dad didn't claim the houses. President Mnangagwa is currently taking a shot at modalities to move the title deeds of the two houses to Cde Mugabe's family. Tending to columnists in Zvimba yesterday, Mr Mugabe stated: "The issue of properties is being dealt with by the President. He is dealing with the issue to guarantee the family is protected. "I was told by President Mnangagwa that the gathering will move the title deeds of t
Over the last few months Ndokubata Bho hitmaker Tytan has been working to build his brand in the music and bussiness industry in the UK. Tytan has always been innovative in both business and music. He is using his celebrity status to network with people of all walks of live to boost him music and business empire. Tytan has been performing every week and the hottest show in the UK amoung the Zimbabwean and Diaspora community. Besides singing and performing the talented and charming Tytan has been busy working on growing his company that specialises and brand building and promotion. He has been making presentations to business leaders ,companies and also helping other musicians learn how to market themselves and grow thier brands proffesionally. Tytan has held a number o
President Mnangagwa yesterday hurriedly summoned a section of members of Mugabe family at his Munhumutapa Offices where he is reported to have tried to get the group to convince the greater part of the family to allow him to lead the burial of the late former head of state Robert Mugabe. Speaking at national hero Major-General Mugoba’s residence in Harare yesterday where he had gone to pay condolences, President Mnangagwa disclosed that he had met with the members of the family and chiefs ahead of the arrival of Mugabe’s body today in the afternoon. "I am just coming from a meeting with traditional leaders from Zvimba,” he said. “They wanted to express their gratitude with the support Government rendered to our founding President from the time he has been u
Finance and Economic Development Minister Professor Mthuli Ncube has called for patience among citizens, adding that reforms initiated by Government since late last year were beginning to show signs of economic transformation. He said it normally takes up to 18 months for economic recovery to become visible where austerity measures have been implemented. Prof Ncube said this in an interview with SABC News last week on the sidelines of the World Economic Forum (WEF) on Africa in Cape Town, which ended on Friday. With budget deficits now a thing of the past following the economic reforms being implemented under the Transitional Stabilisation Programme (TSP), Prof Ncube believes the economy has started to turn for the better. The TSP is a short-term economic blueprint that runs fr
