RBZ ups transfer limits as battered ZiG loses steam

In a statement, the central bank said the move was meant to support the payment of goods and services in the ZiG. THE Reserve Bank of Zimbabwe (RBZ) yesterday reviewed upwards transactional limits for payments made via mobile money and electronic funds transfer platforms. In a statement, the central bank said the move was meant…

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A cat with 9 lives: Wadyajena the ultimate survivor

On the business front, the High Court ordered the release of Wadyajena’s trucks and all the other vehicles after he was cleared of any wrongdoing in the corruption case. JUST a few months ago, it looked almost certain that factional wars in Zanu PF had buried Justice Mayor Wadyajena. Yet, his detractors, especially in his…

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Gono company directorship change case takes new twist

The couple faces a charge of fraudulently changing the directorship of Valley Lodges linked to former Reserve Bank of Zimbabwe governor, Gideon Gono. THE trial of Harare businessman Clark Clever Makoni and his wife Beverly Aisha Ndonda Makoni, who face a charge of illegally changing the directorship of a company they were managing, continued yesterday…

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Reform banking system: Top banker

The banking sector is grappling with multiple challenges, significantly constraining its ability to lend. TOP banker Nicholas Vingirai says the banking system needs to be reformed so that it concentrates on its mandate and not milking customers through exorbitant transaction charges. The banking sector is grappling with multiple challenges, significantly constraining its ability to lend….

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‘Stop abuse of recall law’

The electoral watchdog said lack of regulatory frameworks has also led to conflicts, a volatile party system and insufficient accountability among political parties. THE Zimbabwe Electoral Support Network (Zesn) says there is need to stop the abuse of the recalls law through the regulation of political parties. The electoral watchdog said lack of regulatory frameworks…

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UPDATED: Kuwadzana road accident death toll rises

But in an update on the police X (formerly Twitter) handle, the police said “the death toll has risen to seven”. THE number of people who died early Thursday morning when a Toyota Hiace commuter omnibus collided with a fuel tanker at Kuwadzana 7 turn-off along the Harare-Bulawayo Highway has risen to seven. An earlier…

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