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Zimbabwe Stock Exchange Stops Trading for Mobile Money Probe

The government says it needs to investigate "malpractices, criminality and economic sabotage" activities on the stock exchange and mobile money services. Zimbabwe has struggled to maintain the stability of its local currency since reintroducing it back in 2016.

Zimbabwe: Stock Exchange Formally Suspends Trading Over 'Economic Sabotage'

New Zimbabwe, 29 June 2020

Zimbabwe Stock Exchange (ZSE) has formally notified its stakeholders that trading has been suspended as a matter of urgency following a ban order by the central bank after recent… Read more »
Zimbabwe: 'Mobile Money Changes Will Curb Trader Abuse'

The Herald, 29 June 2020

Economic analysts say the clarification by the Reserve Bank of Zimbabwe (RBZ) on how mobile money transactions will proceed was welcome as it dispelled fears that the whole system… Read more »
Zimbabwe: RBZ Confirms Mobile Money Ban but Keeps Platforms Open for Small Transactions

New Zimbabwe, 28 June 2020

THE Reserve Bank of Zimbabwe (RBZ) Saturday confirmed its unpopular suspension on all mobile money transfer platforms in respect of transactions above $5 000. Read more »
Zimbabwe: Court Upholds Suspension of EcoCash Agents

The Herald, 27 May 2020

The Reserve Bank of Zimbabwe (RBZ) acted within its mandate when it suspended EcoCash mobile money agents from conducting financial transactions to curb abuse, the High Court has… Read more »

InFocus

COVID-19, Inflation Plunging Zimbabweans Deeper Into Poverty

Zimbabwe's inflation rose to 785.55% year-on-year in May from 765.57% the previous month, Zimstat has announced, as citizens grapple with rising prices of basic goods and a ... Read more »
- Zimbabwe: Mobile Service Quality Dips As Inflation Erodes Networks' Incomes
- Zimbabwe: NGO Reaches Out to Entembeni Old People's Home
Despite Economic Woes, Mnangagwa Govt's Splurges On Cars

Zimbabwe's cash-strapped government has splurged millions of United States dollars on top-of-the-range vehicles for senior military officials at a time when President Emmerson ... Read more »
- Zimbabwe: Govt Splurges Millions On Military Bosses' Cars
- Zimbabwe: Firms Refuse RTGS, Demand U.S.$, Cash
Central Bank's Currency Conversion Invalid, Zimbabwe Court Rules

A High Court in Zimbabwe has set aside a central bank exchange control directive which had unilaterally ordered the conversion of U.S. dollar bank account balances into Zimbabwe ... Read more »
- Zimbabwe: High Court Reverses Central Bank Currency Conversion
- Zimbabwe: High Court Sets Aside Currency Separation
Zimbabwe Welcomes Removal of Its Banks from U.S. Sanctions List

The U.S. has removed Agribank and the Infrastructure Development Bank of Zimbabwe from the sanctions list, a move that will allow them to do international business more easily and ... Read more »
- Zimbabwe: Govt Welcomes Removal of Its Banks from U.S. Sanctions List
- Zimbabwe: AU Reiterates Calls for Sanctions Removal

Kudakwashe Hunda/The Herald

A woman displays the new $10 banknotes on her way out of a bank in Harare (file photo).

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