Harare Regional Magistrate, Ngoni Nduna has denied bail to businessman Samuel Tererai Chiodze who is among the 14 'illegal' foreign currency dealers arrested last week. Nduna ruled that there are high chances that Chiodze who is facing charges of money laundering and contravention the Exchange Control
Telecommunications giant, Econet Wireless has filed an urgent High Court application seeking the suspension of a police warrant that sought information on its transactions. In its application, Econet Wireless argues that the move will be a breach of privacy between the company and millions of its
Government’s decision to unilaterally suspend the Zimbabwe Stock Exchange (ZSE) from trading has once again exposed the country’s propensity to violating property rights with the latest move expected to frustrate investor interest in the market, analysts have warned. On Friday, Government suspended the ZSE from trading
Opposition MDC Alliance has expressed dismay over the suspension of mobile money transfers by the Government saying the decision violates the rule of law. In a statement the Alliance demanded a reversal of the decision saying it does not protect property rights and dues process should
The Reserve Bank of Zimbabwe (RBZ) has ordered the Econet Wireless Zimbabwe owned Steward Bank to restrict payments into its Ecocash Private Limited’s Mobile Money Trust (MMT) account due to alleged abuse of the facility for illicit foreign currency dealings, 263Chat Business has learnt. The move
China was the origin of the novel coronavirus spread. In the Chinese territories, it infected around 80,000 people and killed more than 3,000. In the beginning, the outbreak was massive, but in recent weeks, they managed to contain it. By Tawanda Chikosi For a country, the size
The mid-day sun is at its zenith. Young, middle-aged men and women take shelter along the pavements of the Eastgate Mall, in central Harare. One would think that they are taking a rest but alas, these are illegal foreign currency dealers at work. The mall has
The viability of mobile network operators (MNO) and their ability to provide efficient services is under threat as they continue to grapple with high operating costs amid static tariffs that were last reviewed in October last year. MNOs were last awarded a 95% tariff increase in
NetOne’s mobile money platform, OneMoney’s mass registration program of agents and merchants is bearing fruit with the company asserting an increase in transaction volumes on the platform. OneMoney, the second largest mobile money service provider embarked on a mass registration exercise over a fortnight ago in
Netone’s mobile money platform, OneMoney registered 1 680 customers yesterday alone with thousands more expected by day end as customers scrambled to capitalize on the mobile money services free-charge promotion which the company announced last week. Customers are registering for OneMoney merchant, biller and agent lines
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