Zimbabwe Stock Exchange bosses plugged their trading system into the global SWIFT network that banks use worldwide. The upgrade helps local and foreign investors buy and sell shares faster while keeping their money safer. SWIFT stands for Society for Worldwide Interbank Financial Telecommunications and connects financial institutions around the planet. The network uses special codes to send secure messages between banks, brokers and exchanges. Zimbabwe stock market officials say the connection marks a major step forward for their digital makeover.
The stock exchange and its different divisions received unique identification codes on the SWIFT system. ZSE Holdings grabbed the code XZIMZWHA while the ZSE Depository uses XZIMZWHAZSD...
Zimbabwe retailers begged police to crack down on fake phone sellers flooding the country. The scammers operate openly in busy city centers during the day and sell bogus electronics to unsuspecting buyers. Confederation of Zimbabwe Retailers president Dr Denford Mutashu fired off a letter to Harare police chief Maxwell Chikunguru about the crisis. He warned that crooked dealers were cheating customers and destroying honest businesses across the nation. The group demanded urgent action to stop the growing menace.
Fake phone shops trick people into buying broken gadgets that die within days of purchase. The sellers refuse refunds and become nasty when customers complain about defective products. These crooks sell used phones as brand new...
Zimbabwe grain traders just struck a massive five year deal that will transform how farmers sell their maize crops. The Zimbabwe Mercantile Exchange teamed up with the Grain Millers Association to create a new system where farmers get cash payments immediately when they deliver their grain. The partnership breaks new ground by making maize a cash crop for the first time in the country. Farmers can bring one bag or ten bags to collection points and walk away with money the same day after quality checks. The deal uses forward contracts that guarantee buyers will purchase grain at set prices on future dates.
The new system lets farmers store their maize in certified warehouses and receive special receipts they can use to borrow money for...
Forgotten football star Denver Mukamba has crawled back to his old stomping ground at Dynamos after vanishing from the game. The 32-year-old midfielder showed up at training sessions with the struggling Harare giants, who desperately need fresh blood. Mukamba won Soccer Star of the Year back in 2012 when he captained the national team under German coach Klaus Dieter Pagels. He left Dynamos multiple times over the years and played for several other clubs, including CAPS United and Scottland. The talented but unpredictable player could be precisely what the Dynamos need to escape relegation danger.
Dynamos currently sit in 17th place with just 15 points from 18 matches and face the nightmare of being relegated for the first time since...
Highlanders football club paid off massive player debts after receiving cash from wealthy businessman Wicknell Chivayo. The team cleared 57 thousand dollars in outstanding bonuses and signing fees from the 2023 and 2024 seasons. Jabulani Nkomo handles the money and confirmed players finally got their overdue payments. The club received the first part of Chivayo's one million dollar sponsorship deal. Officials promise to spend the remaining funds wisely on team improvements.
Construction crews will finally build the long-awaited perimeter wall around the Highlanders clubhouse. The 800 meter wall stands three meters high and was planned years ago during former CEO Ndumiso Gumede's time. Chairman Kenneth Mhlophe gave permission for the...
Zimbabwe cricket players got absolutely demolished by South Africa at Queens Sports Club as the visitors wrapped up victory inside just three days. The home team suffered their worst ever defeat by runs as South Africa crushed them by an innings and 236 runs. The embarrassing loss completed a series whitewash that left Zimbabwean fans shaking their heads in disappointment. South African captain Wiaan Mulder alone scored just 23 runs fewer than Zimbabwe managed across both their innings combined. The humiliation reached new levels when the visitors clearly stopped trying.
Mulder had plenty of time to chase Brian Lara's world record score of 400 not out but declared his innings at 367 instead. The South African skipper admitted he felt...
Zimbabwe rugby players smashed Morocco 43-8 in their opening Rugby Africa Cup match on a soaking wet Tuesday in Kampala. Coach Piet Benade watched his Sables team bounce back from their terrible defeat against South Africa just weeks earlier. The heavy rain made playing conditions tough but Zimbabwe adapted faster than their opponents. Ian Prior kicked brilliantly and scored 23 points while tries from Tapiwa Mafura, Edward Sigauke, Dylan Utete and Trevor Gurwe sealed the big win. The victory sets up a massive semi-final showdown against Kenya.
Benade admitted his team looked rusty at first but settled into their rhythm as the match went on. The wet ball made it hard for Zimbabwe to play their usual fast attacking game but their...
Three former Ngezi Platinum stars will face their old teammates when Scottland travels to Baobab on Saturday. Terrence Dzukamanja, Nelson Chadya and Gareth Madhake all enjoyed major success with the 2023 Castle Lager Premiership champions. The emotional reunion promises drama as the trio returns to haunt their former club. Chadya spent nearly ten years with Madamburo and left as their most capped player when he joined Scottland earlier during the season. Fans expect a warm welcome for the veteran defender who gave excellent service to the team.
Dzukamanja faces the toughest emotional challenge as he prepares to play against the club that discovered him from nowhere. The former Orlando Pirates striker became a Warriors international...
President Mnangagwa challenged Zimbabwe to produce fresh heroes during the burial of energy boss Dr Sydney Gata yesterday. The head of state called for trailblazers and inventors who will transform the nation and Africa. He urged citizens to follow the example of patriots like Dr Gata who dedicated their lives to building the country. The President spoke at National Heroes Acre where thousands gathered to honor the electricity guru. Government bigwigs and ordinary people packed the venue to pay their respects.
Mnangagwa told mourners that Zimbabwe was rising toward upper middle class status by 2030. He pushed young people to study science and technology while never forgetting their African roots. The President praised Dr Gata for...
