Strive Masiyiwa Forced To Sell Massive Shares From Company After Failing To Repay Loan Debt For Defunct Kwese TV Venture

Strive Masiyiwa Forced To Sell Shares From Company To Repay Dept After A Failed Kwese TV Venture. Zimbabwean business tycoon is failing to get interested buyers to take up 20% to 34% of his Liquid Telecommunications Holdings Ltd. shares for as much as $600 million in a bid to repay massive debt accumulated from a […]

Govt Orders Businesses To Display Both Zimbabwe Dollar And Forex Prices At Official Exchange Rate

Govt Orders Businesses To Display Dual Prices At Official Exchange Rate Businesses are now required to display prices in both local and foreign currency. This comes after President Emmerson Mnangagwa’s latest amendment of the Exchange Control (Exclusive Use of Zimbabwe Dollar for Domestic Transactions) Regulations, 2019, published in Statutory Instrument 212 of 2019. Statutory Instrument […]

Official Exchange Rate Now At $72 As Zimbabwe Dollar Continues Falling

Official Exchange Rate Now At $72    The official foreign exchange rate for the United States Dollar (USD) to the Zimbabwe Dollar has now moved to US$1: ZWL$72.15 following the results of the latest Reserve Bank of Zimbabwe weekly forex auction which was held on Tuesday. The local currency continued its fall against the United […]

Econet Challenges Search Warrant Issued Against EcoCash

Econet Challenges Search Warrant Against EcoCash Econet Wireless has filed an urgent chamber application to halt a search warrant issued against EcoCash. The mobile service provider says the warrant is unlawful and a violation of customer privacy.  Authorities have issued a warrant to gain access to EcoCash transactions from January 2 to June 30 this […]

Digital Currencies: Zimbabwe Must Embrace The Inevitable

Zimbabwe Must Embrace The Inevitable | Terence Zimwara   The very idea that digital currencies like bitcoin can be used as currency for everyday transactions seems farfetched for some. There are many ways this cannot work opponents argue. For starters, there is an argument often put forward that Zimbabwe’s internet penetration levels and level of sophistication […]

Zimbabwe Ruling Party Reaffirms Decision To De-List Old Mutual From Stock Exchange

Zimbabwe Ruling Party Reaffirms Decision To De-List Old Mutual Zimbabwe’s ruling Zanu PF has reaffirmed its decision to have one of the country’s biggest financial services groups, Old Mutual Zimbabwe, de-listed from the local stock exchange. This comes after Old Mutual released a statement seeking clarification after President Emmerson Mnangagwa’s party announced that it had […]

Official Exchange Rate Now At ZWL$68.89 As Zimbabwe Dollar Loses Again

Official Exchange Rate Now At ZWL$68.89   The official foreign exchange rate for the United States Dollar (USD) to the Zimbabwe Dollar has now moved to US$1: ZWL$68.8879 following the fourth edition of the Reserve Bank of Zimbabwe’s weekly forex auction system on Tuesday. The Zimbabwe Dollar continued to lose ground as it depreciated from […]