THE Reserve Bank (RBZ)’s Financial Intelligence Unit (FIU) says it is taking measures to curb abuse of physical airtime vouchers for money laundering. In a notice to mobile telecommunications and mobile phone service providers, the IFU director Oliver Chiperesa said bulk airtime recharge vouchers were being abused by airtime dealers to facilitate illegal foreign currency…
THE governor of the Reserve Bank of Zimbabwe (RBZ), John Mangudya, says the government needs to capacitate law enforcement agents to deal effectively with economic crimes. Speaking during Parliament’s pre-budget consultation seminar in Victoria Falls over the weekend, Mangudya said it was imperative that there was discipline in the economy. This comes as some people are…
A SECTION of Zimbabweans, who met with the United Nations (UN) special rapporteur Alena Douhan in the capital last week, says economic sanctions imposed on the southern African nation by the West must be lifted, as they were working to the advantage of Zanu PF. This comes as Zimbabwe yesterday commemorated the third anniversary of…
LEGISLATORS have demanded Finance minister Mthuli Ncube, to explain the reason the public is finding it difficult to access US$50 weekly from bureaux de change under the Reserve Bank of Zimbabwe’s (RBZ) foreign exchange auction facility. This comes after the RBZ recently authorised individuals to access a maximum of US$200 per month using auction system…
ZANU PF is moving to deal with unruly elements in the party as the commissariat department has been directed to speed up hearing of cases involving allegations of indiscipline. Speaking last week at a press briefing after the politburo meeting, Zanu PF acting commissar Patrick Chinamasa said he was ready to deal with all acts…
YOUTHS from the MDC faction led by Douglas Mwonzora yesterday ran amok and violently disrupted a press conference which was being addressed by a party official Kudzanai Mashumba. This comes as political tension is rising in the country with several reports of intra and inter-party violence. President Emmerson Mnangagwa on Wednesday had to appeal for…
PRESIDENT Emmerson Mnangagwa, has issued a stern warning to illegal foreign currency dealers, whose arbitrage behaviour has driven up the Zimbabwe dollar rate resulting in price hikes, insisting authorities will deal with them ruthlessly. Speaking on Wednesday ahead of his party’s politburo meeting, Mnangagwa said the government is currently crafting methods to ensure they curtail…
OPPOSITION leader Douglas Mwonzora says he is very concerned about the rising reports of both intra and inter party political violence in the country, with nearly two years still to go to the 2023 national elections. Speaking to the Daily News yesterday, Mwonzora said this made it imperative that politicians come together to engage in necessary dialogue…
MDC Alliance vice chairperson Job Sikhala, says his party members should be prepared to physically defend themselves following recent confrontations with ruling Zanu PF activists. This comes as political tensions have been steadily rising in recent weeks with Zimbabwe already in election mode, some 18 months before the 2023 polls. President Emmerson Mnangagwa is expected…
SUPERMARKETS have warned that the fresh chaos ravaging the country’s main port of entry, Beitbridge Border Post, could result in product shortages and further spikes in the prices of goods ahead of the festive season. This comes as haulage trucks, which are responsible for moving most of the country’s goods, are spending up to five…
