Zimbabwe's central bank boosted daily currency supply from 1.5 billion to 2 billion Zimbabwe Gold units. Deputy Governor Innocent Matshe made the announcement Thursday during a speech at Victoria Falls. Bank officials hope the move will help businesses access more money and reduce economic problems. The action responds to company complaints about difficulty getting loans and tight credit markets. Matshe said the country has adequate currency available for normal business operations.
The Reserve Bank plans to keep strict money controls despite adding more cash to the market. Officials want to protect the local currency from losing value against foreign money. Matshe told banks with extra funds to share money with institutions that need...
Armed criminals struck three locations across Zimbabwe during recent days. Police confirmed major robberies occurred at banks and mines. Officials launched investigations after thieves stole hundreds of thousands of dollars. Communities expressed shock over the violent crimes. Security concerns have grown throughout the country.
Three gunmen attacked a bank at Mt Darwin during early Wednesday morning hours. The robbers assaulted a security guard before breaking inside. They opened a safe and escaped with 700,000 dollars and gold weighing 2.4 kilograms. Police collected evidence from security cameras at the crime scene. No arrests have happened for this case.
Another group of three criminals targeted Old Nic Mine near Bulawayo on...
OK Zimbabwe plans to sell several stores to raise money for its struggling business. The retail company needs 30 million dollars to pay debts and restock its shelves. Most of the debt goes to suppliers who provided goods to the chain. Company leaders announced a plan to solve their money problems through two main steps.
The first step involves asking current shareholders to buy more company stock. This rights issue should bring about 20 million dollars into the business. The second step requires selling company properties worth 10.5 million dollars. Together these moves should provide enough cash to stabilize operations.
The company will sell or mortgage nine different properties across Zimbabwe. Major stores like OK Mbuya Nehanda and...
Military officials and hospital staff brought medical help to families hurt during violent attacks in Yelwata community. The Defence Headquarters worked with Benue State University Teaching Hospital to reach people affected by the deadly raids. Armed forces wives led the mission to deliver care and supplies to survivors. The group wanted to show support for those who lost loved ones during the violence. Community members received free treatment and emergency items during the visit.
Mrs Oghogho Musa leads the Defence and Police Officers Wives Association and spoke about helping damaged families. She told survivors that nothing could replace what they had lost but the group wanted to stand with them. Rear Admiral Ola Bankole encouraged...
UFC fighter Themba Gorimbo attacked businessman Wicknell Chivayo on Friday after musician Jah Prayzah lost his chance to perform in America. Gorimbo wrote on Facebook that Chivayo would miss traveling to the United States. He said the visa problem was not just a simple mistake as officials claimed. The fighter believes American embassy workers are sending a message to wealthy Zimbabweans. He thinks people who associate with corrupt figures face travel restrictions.
Gorimbo turned down gifts from Chivayo two days earlier and called the businessman corrupt. He said accepting money from dishonest people makes others dishonest as well. The fighter stated he refused help from Chivayo back in December. He even ignored Chivayo when he saw him...
Zimbabwe faces major economic challenges that push citizens toward digital payment systems. Inflation and unstable banking force people to seek alternative financial tools. PayPal and cryptocurrency have become popular options for international transactions. These digital platforms help Zimbabweans participate in global commerce despite local banking restrictions. The shift represents a response to economic pressures affecting daily financial activities.
Citizens can open PayPal accounts using email addresses and bank cards from local institutions. The service allows payments to international merchants and subscription services. However, users cannot receive money directly into their PayPal accounts from overseas clients. This...
Zimbabwean musician Jah Prayzah canceled his United States concert tour after visa problems blocked his travel plans. The singer planned to perform in Washington D.C. and Dallas during early July as part of his world tour. He said technical problems with his application forms caused the delay and forced him to restart the entire visa process. Officials could not schedule new appointments before his concert dates arrived.
UFC fighter Themba Gorimbo suggested the visa denial connected to Jah Prayzah's friendship with businessman Wicknell Chivayo. Gorimbo posted on social media that American officials treat people based on their associations and called the denial a warning sign. Many fans questioned whether the visa rejection really...
South Africa rugby captain Siya Kolisi will miss Saturday's Qatar Airways Cup game against the Barbarians at DHL Stadium in Cape Town. Coach Rassie Erasmus made the late team change on Friday after Kolisi pulled out due to a minor injury problem. The Springboks announced the captain's absence through their official social media account. Jesse Kriel will step up to lead the team for the first time in his international career. The experienced center has played 79 matches for South Africa since making his debut in 2015.
Kriel expressed his excitement about captaining the national team for the first time. He will wear the armband when the Springboks take the field against the invitational side. Marco van Staden joins the starting lineup to...
Nigeria's top security chief issued stern warnings to politicians before upcoming elections across the country. National Security Adviser Nuhu Ribadu told political leaders they must follow proper rules during voting periods. Security forces will not allow violence or cheating during any election process. Ribadu made these statements during a Friday meeting between election security teams and voting officials. His comments came as several major elections approach in different parts of Nigeria.
The security meeting focused on protecting voters and election workers from harm. Officials discussed plans for upcoming votes that affect many government positions. These elections cover local council seats in the capital territory and empty...
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