This Is How Much A Farmworker Earns In Zimbabwe In May 2020

How Much A Farmworker Earns In  Zimbabwe Unions representing farmworkers and other workers employed in the agricultural sector have agreed to new minimum wages after negotiations with unions representing farmers in the country. The new minimum wages which were agreed on 22 May 2020, are effective from 1 May 2020. According to the Collective Bargaining […]

With The New ZWL $10 Banknote Worth Just US$0.25, Is RBZ Serious?

Is RBZ Serious? | Terence Zimwara   The Reserve Bank of Zimbabwe (RBZ) last week came through with its promise to issue higher denominated banknotes, with the first of these, the ZWL$10, coming into circulation on last Tuesday. This follows a statutory instrument issued a week earlier which gave effect to the new banknotes. The […]

EcoCash Boss Natalie Jabangwe Being Charged Under Money Laundering Act For Fuelling Black Market

EcoCash Boss Natalie Jabangwe Being Charged EcoCash Boss Natalie Jabangwe (Image Credit: Thrive Global)   The Reserve Bank of Zimbabwe (RBZ) is charging EcoCash bosses under the Money Laundering Act for allegedly fueling illegal foreign currency dealings on the black market. The Financial Intelligence Unit is charging EcoCash CEO Natalie Jabange and EcoCash Director Eddie […]

RBZ Puts Even More Restrictions On EcoCash In Effort To Stop Illegal Forex Dealings

RBZ Puts  More Restrictions On EcoCash  The Reserve Bank of Zimbabwe (RBZ) has put even more restrictions against the country’s biggest mobile money company EcoCash in an effort to stop illegal foreign currency dealings. The Zimbabwe Dollar has been deteriorating rapidly and the central bank blames EcoCash for the collapse. The Central Bank’s Financial Intelligence […]

Mthuli Ncube To Fight High Court Ruling That Invalidated Conversion Of USD Balances Into RTGS

Mthuli Ncube To Fight High Court Ruling  Mthuli Ncube To Fight High Court Ruling   Minister of Finance and Economic Development Mthuli Ncube has said that the government will fight the High Court judgement which ruled that the conversion of USD bank balances to RGTS was invalid. High Court judge Justice Zhou ruled that the […]

Ecocash Directive: RBZ’s Last Hail Mary

 RBZ’s Last Hail Mary | Terence Zimwara   The recent decision by Reserve Bank of Zimbabwe (RBZ) to clampdown on Cassava Smartech’s Ecocash mobile money service through another directive marks the second time in less than a year the former has made such a desperate move. This time there are even bizarre allegations that the […]