The country’s crime-busting agencies are seriously under-resourced and incapacitated to deal with corruption, Finance minister Mthuli Ncube has acknowledged. This comes as the country has been struggling to decisively deal with the corruption scourge, amid revelations by the Zimbabwe Anti-Corruption Commission (Zacc) that it had early this year identified assets worth over US$7 billion stashed…

CASH shortages are set to persist despite the Reserve Bank of Zimbabwe (RBZ)’s plan to double the amount of physical notes in circulation to $3 billion, analysts have said. This comes after the Financial Gazette reported that the RBZ is set to print a new $50 note as inflation-659 percent as of September sparks demand…

PRESIDENT Emmerson Mnangagwa is today expected to deliver the State of Nation Address amid growing labour unrest and rising uncertainty in the wake of the Covid-19 outbreak. While the country has gradually eased restrictions allowing business to return to normal, there is still an air of uncertainty over the full resumption of school. At the…

THE Reserve Bank of Zimbabwe (RBZ) is soon expected to introduce higher denomination notes, as part of a long-stated plan and which will see the amount of physical cash in circulation doubling to $3 billion, officials say. This comes as the country’s monetary authorities in June introduced $10 and $20 notes, as year-on-year inflation spiraled…

ZIMBABWE continues to lose millions of dollars through illicit financial flows, with a 2019 Financial Intelligence Unit (FIU) report indicating that nearly $1 billion per year was laundered between 2014 and 2018. The crack unit says the threat has remained due to the country’s limited ability to combat money laundering. Experts, however, say the government’s…

THE Insurance and Pensions Commission (Ipec) says the industry has had to bear considerable losses in the money market due to a lack of investing options in Zimbabwe. According to the regulator, nominal monthly deposit rates for money market investments varied from 3,55 percent to 14,99 percent against real negative returns of up to 86,66…