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Eight Companies Nabbed For Illegal Forex Dealings

Eight registered financial institutions appeared before the Harare Magistrates court charged with illegal foreign currency dealings through the EcoCash platform. The eight institutions namely Titanium Capital (Pvt) Limited, Access Finance Private Limited, Dream High Investments, Terrerati Private Limited, Vision Credit Source Private Limited, Capital Profit Financial Service, Raymond Mudonhi Investments, Justice Mahuni, Kudzai Mudonhi and Juso Global Limited are currently in court and will apply for bail tomorrow. Vision…

Minister, Police Boss Ordered To Pay US$12k Compensation For Illegal Detention

The High Court has ordered Home Affairs and Cultural Heritage Minister Kazembe Kazembe and Commissioner-General of Zimbabwe Republic Police Godwin Matanga to pay Linda Musiyamhanje US$12 000 as damages for violation of her fundamental rights when she was unlawfully arrested, detained and prosecuted 10 years ago for allegedly murdering a police officer. High Court Judge Justice Jacob Manzunzu on 23 September 2021 ordered Kazembe and Matanga to pay Musiyamhanje US$12 000 as damages for unlawful arrest, unlawful detention,…

Proclaim By-Elections Dates, Mnangagwa Urged

Election advocacy group the Election Resource Centre has expressed concern over the continued suspension of by-elections in the country, calling on President Emmerson Mnangagwa to respect the constitution and proclaim dates for the polls. The Government through Statutory Instrument 225a of 2020 announced the suspension of by-elections as a measure to curb the spread of the COVID-19 pandemic. In a statement, ERC said the holding of the elections will act as a barometer for the Zimbabwe Electoral Commission’s readiness for…

NBS Rolls Out SMEs Value Chain Financing Suite

The National Building Society (NBS) has launched a Value Chain Financing Suite service to Zimbabwean SMEs, inviting them and entrepreneurs to open an account with the society and offers three account classes: silver, gold and platinum.    Speaking at the official launch, the NBS Head of Marketing Miss Mildret Kujinga said the society is in pursuit of building communities and will prioritise SMEs on housing delivery projects.    Kujinga noted that the society has tailored mortgages products that will enable a good number…

RBZ Blacklists Illegal Forex Dealers

The Reserve Bank of Zimbabwe’s Financial Intelligence Unit (FIU) has identified and blacklisted 30 people allegedly involved in illegal foreign currency trading using mobile phones and social media platforms. The FIU instructed banks, mobile money operators and other financial service providers to identify and freeze any accounts operated by the blacklisted individuals and, further, to bar them from accessing financial services for a period of two years, with immediate effect. “The FIU has also requested the Postal and…

NAMA 2022 To Celebrate Local And Foreign-based Artists

Organisers of the National Arts Merit Awards (NAMA) have announced that the 20th edition of the country's biggest awards ceremony will be themed Zimbabwe and Beyond #AmaLevels. Billed for February 2022, the 20th NAMA organised by , National Arts Council of Zimbabwe (NACZ) and Jacaranda Culture and Media Corporation (JCMC) will celebrate artists who are waving the country's flag high across various artistic disciplines both locally and beyond our borders. "The youthful, #amalevels tag signifies that NAMA has reached a new…

Suspended Harare Town Clerk Trial Postponed

The trial of suspended City of Harare Town Clerk Hosiah Chisango who is facing charges of criminal abuse of office has been postponed to next month. Harare regional magistrate Noel Mupeyiwa postponed the matter to October 18 2021 after it emerged that Prosecutor Zivanai Macharaga was unavailable due to a bereavement. Allegations are that at an unknown date to the prosecutor but during the period extending from July 2018 to September 2018, Chisango being a public officer acted inconsistent with his duties by showing…

Hospitality Sector On The Rebound

Players in the country’s hospitality industry are gradually recovering from the impact of the COVID-19 pandemic which had practically brought the sector to a standstill due to international movement restrictions. The year 2020 was a difficult year for hoteliers after President Emmerson Mnangagwa twice announced hard lockdowns last year and another beginning of this year as part of efforts to curb the spread of the virus. However, the easing of lockdown measures and the current vaccination exercise has brought renewed hope…

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