Reasons Why Singapore Is Attractive To Foreign Firms

Why do foreigners choose to set up businesses in Singapore?   Once a mere fishing village, Singapore is now one of the busiest business hubs in the world with hustling financial activities centred around it. These astonishing results stem from how Singapore is strategically located, having competitive and strong labour, well-developed infrastructure and not to […]

RIP EcoCash Agents: RBZ Bans All Agent Lines Permanently

RBZ Bans All Agent Lines Permanently   Mobile money agents are now officially a thing of the past after the Reserve Bank of Zimbabwe (RBZ) banned all agent lines permanently. This means that EcoCash, OneMoney, and Telecash agent lines are no longer operational. This was announced by the central bank during today’s Monetary Policy Statement. […]

Chinese Company Sunny Yi Feng Tiles Closed For Not Complying With Environmental Regulations

Sunny Yi Feng Tiles Zimbabwe Closed By EMA The Environmental Management Authority (EMA) has suspended the operations of Sunny Yi Feng Tiles Zimbabwe. Sunny Yi Feng Tiles Zimbabwe is a tile manufacturer based in Norton. The company was shut down after it defied EMA’s order to install emission sampling points, The Herald reports. In an […]

Local Bank Makes Game-changing Upgrade Amid Pandemic

NMB Launches Digital Bank NMB Connect For Greater Convenience And Complete Banking Experience Local bank NMB has launched its Digital Bank named NMB Connect, as it seeks to bring more convenience and services to its customers. The NMB Connect digital bank makes it possible for the customer to access a vast array of services from […]

Zimbabwe Speaks On Payment Of US$75 Covid-19 Allowances For Civil Servants

Zimbabwe Speaks On US$75 Covid-19 Allowances For Civil Servants   Zimbabwe’s Ministry of Finance and Economic Development has released a statement speaking on the payment of the US$75 Covid-19 Allowances for civil servants. The government accused some banks and financial institutions of frustrating its efforts by being “unwilling or unable to speedily provide adequate facilities […]

It Is Illegal To Sell Fuel In Forex Only: ZERA Warns Service Stations

It Is Illegal To Sell Fuel In Forex Only: ZERA Warns Service Stations Motorists queue to buy petrol in Harare, Zimbabwe, October 8, 2018. REUTERS/Philimon Bulawayo The  Zimbabwe Energy Regulatory Authority (Zera) has warned service stations that are selling fuel in foreign currency (forex) only. In written responses to The Chronicle, Zera Chief Executive Officer […]

Zimra Speaks On Mandatory Covid-19 Testing Requirement

Zimra Denies Covid-19  Mandatory Testing Requirements Reports Zimbabwe Revenue Authoriity (ZIMRA) Offices.Image credit: Techzim The Zimbabwe Revenue Authority (Zimra) has spoken on reports that it now requires proof of Covid-19 testing from its stakeholders and that all clearing agents are supposed to go under mandatory testing for them to access services. Zimra denied that it […]

Zimra Speaks On Mandatory Covid-19 Testing Requirement

Zimra Denies Covid-19  Mandatory Testing Requirements Reports Zimbabwe Revenue Authoriity (ZIMRA) Offices.Image credit: Techzim The Zimbabwe Revenue Authority (Zimra) has spoken on reports that it now requires proof of Covid-19 testing from its stakeholders and that all clearing agents are supposed to go under mandatory testing for them to access services. Zimra denied that it […]

EcoCash Increases Tariffs…Here Are The New EcoCash Tariffs Effective 1 August 2020

New EcoCash Tariffs Effective 1 August 2020   The country’s biggest mobile money company, EcoCash, has raised its tariffs. The mobile money raised the charges for sending money and cashing out with effect from 01 August 2020. Interestingly, EcoCash has now removed the charges for “Sending Money To Unregistered” and for “Cash Out”. Apart from […]