BATZ’s US$16,35m blocked funds slashed to just US$475
TOBACCO firm, British American Tobacco Zimbabwe (BATZ) has seen its long-standing blocked funds of US$16,35 million virtually wiped out after successive currency conversions
By Chen Williams
17h ago
Defunct bank haunts Byo
Council had bought shares worth US$500 000 with an interest of US$26 220 in the bank, which went into liquidation before the maturity of the investment.
By Staff Reporter
Sep. 24, 2025
Only 6% of informal players pay taxes: World Bank
THE World Bank has found that only 6% of Zimbabwe’s informal sector pays taxes, with just one in five earning taxable income, highlighting a challenge as the government moves to scale up collections.
By Business Reporter
Sep. 24, 2025
Mono currency theatrics are based on big lie
MONO currency is a right and a great idea, yet its implementation framework is fundamentally not only flawed, but based on evil ideas and lies
By Brian Sedze
Sep. 15, 2025
Navigating path to core banking
Banks collect deposits from savers and channel them to borrowers at profitable interest rate spreads.
By Kudakwashe Taimo
Sep. 12, 2025
Old Mutual Limited struggles to repatriate Zim dividends
This amount formed part of a wider US$83,4 million owed to related parties under the Reserve Bank of Zimbabwe’s blocked funds framework.
By Tatira Zwinoira
Aug. 27, 2025
RBZ pledges permanent ZiG backing to shore it up
The market has recently been rattled by the government announcing its attention to abandon the multi-currency regime by 2030, with many calling the move premature.
By Belinda Chiroodza
Aug. 26, 2025
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IMF chief calls for reforms
In its latest assessment of Zimbabwe’s banking sector, the IMF urged the central bank to amend capital regulations to cut out “soft” entries.
By Tatira Zwinoira
Aug. 22, 2025
Firm faces money laundering charge
A CHINESE company appeared before Harare magistrate, Marehwanazvo Gofa, yesterday facing a charge of money laundering involving US$ 167 058,52.
By Trevor Mutsvairo
Aug. 15, 2025
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Kickbacks, unreceipted fees: Harare clinics bleeding already struggling patients
News
Sep. 28, 2025