Zimbabwe ended currency rules that required businesses to use official exchange rates. The government published the change on Tuesday through legal notice 34, which cancels the previous restriction from last year. Formal shops can finally set prices more freely, like street vendors do. EU officials praised this as progress toward economic reform. Many companies had struggled with the old system, which put them at a competitive disadvantage.
Business leader Busisa Moyo called it a step forward that allows market competition for local currency trading. The Reserve Bank clarified that, despite the new freedom, individual businesses cannot set their exchange rates. They must use rates from the banking system based on supply and demand...
Stanbic Bank Zimbabwe works to boost healthcare through global connections. The bank hosted an event bringing together health officials, professionals, partners from China's embassy, and representatives from Zhejiang International Supply Chain Company. They announced plans for a trade mission to China later this year aimed at improving Zimbabwe's health systems. The gathering centered on financing growth for healthcare providers.
Business banking head Patson Mahatchi emphasized the need for better health services. He said the bank wants to help healthcare progress as part of its philosophy that Zimbabwe is its home and where it drives growth. The bank offers funding to help deliver health solutions to people across the country...
Zimbabwe just gave President Emmerson Mnangagwa the power to shut down organizations he thinks are political. He signed the Private Voluntary Organizations Amendment Act right before Independence Day celebrations. The government can cancel registrations for groups without much court review. Organizations face heavy fines or jail time if they break these new rules.
Officials claim they need these powers to stop terrorism funding and money laundering. Many rights groups disagree with this explanation. They see it as a way to silence critics who speak against government actions. Human Rights Watch warns that groups cannot speak freely when they fear being closed down. The law arrives as Zimbabwe marks 45 years since British rule ended...
Nigerian singer Portable wants everyone to know he might call the police if they speak badly about him. He shared this warning after he spent time behind bars for allegedly making false claims about musician Saheed Osupa. The artist appeared serious when he explained his plans to file charges against critics who damage his reputation.
Portable sees this as fair play since he experienced legal consequences himself. He mentioned he feels no sympathy for anyone who might face similar punishment. The performer known for his Zazu nickname ended up at Oke Kura Correctional Centre because he failed to meet bail requirements set by an Upper Area Court in Kwara State.
His jail stay proved brief when Osupa decided to withdraw the complaint...
Nollywood star Eniola Ajao denied causing trouble for Bobrisky after the crossdresser blamed her for his arrest. The celebrated actress spoke up months after Bobrisky pointed fingers at her following his jail term. EFCC officials arrested Bobrisky for misusing Nigerian currency at her movie event, where he received a female fashion award. The crossdresser spent six months behind bars after authorities nabbed him at the March 2024 ceremony.
During a recent YouTube interview, Ajao claimed Bobrisky knew the real reasons for his arrest. She explained her film premiere simply served as bait for issues the crossdresser already faced. Ajao mentioned she visited Bobrisky regularly during his prison stay. Their friendship remains intact despite...
Lagos car dealer, IVD, asked Blessing, CEO, to marry him in a video making rounds online. He went down on one knee for the proposal to the self-described relationship expert. She accepted his offer with multiple enthusiastic responses using his full name, Ikechukwu Darry Ogbonna. The public display comes less than three years after the death of his wife, Bimbo Ogbonna, from injuries during a house fire linked to domestic violence.
Following that incident, Bimbo's relatives claimed IVD had abused her for years. Blessing's CEO defended him, saying she worked as his relationship therapist. She argued that Bimbo had violent tendencies herself and took her life. Legal trouble found Blessing CEO when authorities held her at a Lagos court in...
Nigerian rap star Phyno strongly denied claims he sold his Lagos property because of ethnic tensions. A reporter posted online that Phyno had sold a N10 billion estate to a Libyan businessman due to anti-Igbo sentiment among Yoruba people. The journalist quoted Phyno as saying the recent election revealed lasting hatred toward Igbos, making him regret investing in Yoruba territory instead of his native Enugu region.
The original post appeared briefly before being removed from the social media platform X. It claimed the musician planned to relocate his investments to southeastern Nigeria, where fellow Igbo people would benefit from them. The allegations suggested ethnic divisions influenced his business decisions following political...
Nigerian students have raised alarms about possible corruption in the national student loan program. The National Association of Nigerian Students claims some schools misuse funds meant for student aid. They say institutions work with banks to divert money from President Bola Tinubu's N35 billion student loan initiative. NANS reports that schools receive loan payments but demand tuition fees anyway, keeping students uninformed about disbursements made in their names.
NANS Vice President Akinbodunse Felicia shared these concerns at an Abeokuta press conference on Thursday. She cited findings from National Orientation Agency officers showing schools conspiring with financial institutions against student interests. The loan program should...
Nigeria has explained how the Lagos-Badagry Expressway connects to the larger Abidjan-Lagos Corridor Highway plan. Federal Works Controller for Lagos, Mrs. Olukorede Kesha, told reporters Thursday that Nigeria handles a 79-kilometer section from Eric Moore to Seme Border as part of this international route. The entire corridor stretches 1,028 kilometers across five West African nations.
The Federal Government has already contracted development for a 46.2-kilometer segment from Agbara to the Seme Border. FERMA manages the Okokomaiko-Agbara section, with Lagos State overseeing the 10-kilometer stretch between Eric Moore and Igbo Elerin. Original plans called for a 10-lane highway, including rail lines and rapid bus systems, to improve...
