6th June 2017
Zimbabwean President Robert Mugabe used an address on Monday at the opening of the first United Nations conference on oceans to call for an end to sanctions on his landlocked country so it can implement a series of global goals on sustainable development. The 93-year-old was among about nine leaders… Read More
24th April 2017
The Reserve Bank of Zimbabwe received over 400 cases of suspicious transactions linked to money laundering in the financial services sector in the second half of last year. This is contained in the bi-annual report of the Bank Use Promotion and Suppression of Money Laundering Unit for the period July… Read More
18th April 2017
Finance minister Patrick Chinamasa has disclosed that several trust accounts were being investigated by the Reserve Bank of Zimbabwe’s (RBZ) financial intelligence unit, amid suspicion that they were involved in money-laundering activities. In a ministerial statement issued last week, Chinamasa said the RBZ’s probe team had received a total of 474… Read More
15th November 2016
The fund announced yesterday that it had removed “remedial measures” against Zimbabwe after the country cleared $108m worth of overdue debts with the fund, stretching back 15 years. Read More
3rd November 2016
The trial of a Zimbabwe Revenue Authority (ZIMRA) accountant accused of fraudulently transferring VAT refunds for different clients into his wife’s bank account, swindling ZIMRA of over $1,2 million, started yesterday. Tapuwa Chidemo (44) and his wife Tsitsi Kanyasa (42) pleaded not guilty to nine counts of fraud… Read More
28th October 2016
 An audit into the goings-on at the Zimbabwe Revenue Authority (Zimra) has exposed massive corruption, fraud, poor corporate governance and tax evasion scandals within the authority with shocking revelations that Treasury was prejudiced of more than US$20 million. According to the audit report compiled by local firm HLB Chartered Accountants… Read More
13th October 2016
The Zimbabwe Investment Authority (ZIA) says the country lost potential investments worth nearly $3 billion in 2015 as a result of bureaucracy and corruption. The multimillion agreement with the Essar to revive the Zimbabwe Iron and Steelworks (Ziscosteel) was killed by corrupt elements in government, according to ZIA chairman Nigel… Read More
6th October 2016
In a surprise move, the United States on Tuesday (5 October) removed Zimbabwean individuals and companies from the sanctions list that were barred from doing business with US companies, but President Robert Mugabe and First Lady Grace remained on the sanctions list. The US started imposing targeted sanctions on 98… Read More
5th October 2016
Zimbabwe is losing at least $1 billion (784.67 million pound) annually to corruption, with police and local government officials among the worst offenders, Transparency International said in a report on Tuesday. Social media groups like #ThisFlag and #Tajamuka have cited corruption in President Robert Mugabe’s government and police roadblocks where… Read More
2nd September 2016
Econet’s EcoCash released a public statement today distancing itself from MMM Global Zimbabwe and any other illegal activities such as Ponzi schemes. In their public statement, EcoCash reminded us that it is a licensed mobile payment platform that facilitates financial transactions (sending & receiving money, buying prepaid airtime and paying… Read More