Watch: Zimbabwean Millionaire William Sachiti Buys US$4.7 Million Cold War Radar System To Hunt Aliens In Space Zimbabwean-born United Kingdom-based tech millionaire William Sachiti has bought a Cold War-era radar system to hunt for aliens in space. The Zimbabwean techpreneur, famous for his numerous inventions, bought the radar system from the Royal Air Force. …
Category Archives: Business
Zimbabweans React To The Introduction Of Gold Coins
Zimbabweans React To The Introduction Of Gold Coins Image Credit (Nick Mangwana/Twitter) In light of reports that the Reserve Bank of Zimbabwe (RBZ) is set to introduce gold coins, Zimbabweans have taken to social media to share their thoughts on this new development. In a statement on Monday, Governor John Mangudya said the gold …
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Zimbabwe To Introduce Gold Coins, Interest Rate Increased To 200% From 80%
Zimbabwe To Introduce Gold Coins, Interest Rate Increased To 200% From 80% The Reserve Bank of Zimbabwe (RBZ) announced on Monday that it is set to introduce gold coins. In a statement on Monday, Governor John Mangudya said the gold coins will be introduced as part of measures to ensure investors and the general public …
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WorldRemit Terminates Bank Transfers To Zimbabwe
World Remit Terminates Bank Transfers To Zimbabwe One of the world’s leading remittances firms, WorldRemit, has announced that it is terminating bank transfers to Zimbabwe bank accounts. The Global money transfer service provider said the removal of bank transfers from Zimbabwe is with effect from 29 June 2022. According to WorldRemit, the money …
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NO Hot Water At Meikles: Zimbabwe’s Premier Luxury Hotel Using Buckets
No Hot Water At Meikles: Zimbabwe’s Premier Luxury Hotel Using Buckets MAXD1C Facade of the Meikles Hotel in Harare, Zimbabwe. The luxury hotel opened for business in 1915.[Photo Credit: Financial TImes/Alamy] Meikles Hotel, Zimbabwe’s premier luxury five-star hotel, has been badly affected by a power fault affecting the central business district. As a result …
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Outrage As City Of Bulawayo Demands USD Tariffs, Converts Charges To Forex
Outrage As City Of Bulawayo Demands USD Tariffs, Converts Charges To Forex [Photo: Black Enterprise/iStock] Zimbabweans have reacted with outrage after the City of Bulawayo announced that residents will now be paying their tariffs in USD. On Tuesday, the Bulawayo City Council announced that it had converted all charges to United States Dollars. The …
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Forex Trading Gone Wrong: Suicidal Zimbabwean Man Pleads For US$3500 After Losing Borrowed Money
Forex Trading Gone Wrong: Suicidal Zimbabwean Man Pleads For US$3500 After Losing Borrowed Money Photo by Jeremy Bezanger on Unsplash A Zimbabwean man has appealed for help from well-wishers after losing US$3500 in borrowed money on forex trading. The man is reported to have turned suicidal after losing all the money. Community organiser …
US$517 For Dinner For 5: Zimbabweans Express Shock At Out Of Control High Prices
US$517 For Dinner For 5: Zimbabweans Express Shock At Out Of Control High Prices [Photo Credit: Khaya Nyama Wombles] Zimbabweans have expressed shock and alarm at the out-of-control prices in the country. This comes after a diner painfully recounted how she had paid US$517 (R8200) on dinner for only 5 people. The diner …
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ZERA Increases Fuel Prices Weeks After Increasing Ethanol Blending
ZERA Increases Fuel Prices Weeks After Increasing Ethanol Blending The Zimbabwe Energy Regulatory Authority (ZERA) has announced an increase in the price of fuel. In a statement, ZERA said the fuel increase will be effective 7 June 2022. The last price increase was on 20 May 2022. The pump price of petrol is now US$1.73 …
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Blanket, Textile and Clothing Businesses Cry Foul As Smugglers Pounce Hard
Smuggling cartels are affecting revenue streams for local blanket, textile and clothing manufacturers. The textile industry is among many of Zimbabwe’s manufacturers that have raised concerns over smuggling activities happening at the country’s porous borders. Their businesses are selling much lower volumes due to competition from contraband goods coming in from neighbouring countries like South …
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