EcoCash FCA

Mobile money platforms dismiss government’s directive

Mobile money platforms have made light work of the government's statement which instructed mobile money platforms to suspend their services pending investigations.In statements, EcoCash, MyCash and OneMoney said they will not suspend transactions since they didn't receive a directive from their regulator, the Reserve bank of Zimbabwe. Therefore, customers have to continue using their platform … Continue reading Mobile money platforms dismiss government’s directive

mobile money in ZImbabwe Telecash OneMoney EcoCash

Shocking: Gvt suspends mobile money transactions & stock exchange trading

A statement issued by Secretary for Information, Nick Mangwana states that the government has suspended mobile money transactions and trading on Zimbabwe Stock Exchange to pave way for investigations and the rooting out of economic saboteurs that are derailing government plans to resuscitate the economy. Here's following is the full statement: Government has, with immediate … Continue reading Shocking: Gvt suspends mobile money transactions & stock exchange trading

Bond notes Zimbabwe dollar

ZRP threatens to take action against businesses rejecting bond notes

Like we stated last time, it takes much more than a press statement to convince informal sector businesses to accept bond notes a.k.a Zimbabwe dollar notes. Where moral suasion failed, force and threats can now be used to make them accept bond notes. The Zimbabwe Republic Police has issued a stern warning promising to take … Continue reading ZRP threatens to take action against businesses rejecting bond notes

Zimbabwe Anti-Corruption Commission Moyo

Anti-corruption body launches operation that should worry many citizens

Zimbabwe Anti-corruption Commission (ZACC) recently launched an operation of conducting lifestyle audits on people suspected to have illegally acquired their wealth. The operation aptly named " Operation Wakazviwana Sei?", will see ZACC asking investigated individuals to explain their source of wealth and the failure to give convincing proof will lead to property being taken away … Continue reading Anti-corruption body launches operation that should worry many citizens

$2 bond notes Zimbabwe

Informal sector rejecting $2 notes but Mthuli Ncube says they are still legal tender

Last month we predicted that new Zimbabwe dollar notes will trigger a natural demonitization of lower denominations of our local currency. And in no time, informal sector business started to reject $1 dollar coins and $2 notes and this is still happening. This has the reached the ears of Finance Minister Mthuli Ncube who then … Continue reading Informal sector rejecting $2 notes but Mthuli Ncube says they are still legal tender

Zimbabwe dollar US Dollar price

RBZ now require businesses to display and charge prices in US dollars & Zim Dollars

The story of the day is: "Zimbabwe has partially dollarised". Buried deep in a statement announcing the launch of foreign currency auction trading system was a paragraph saying: "In order to enhance the efficient pricing system in the economy, businesses will be required to display prices for goods and services and charge for all domestic … Continue reading RBZ now require businesses to display and charge prices in US dollars & Zim Dollars