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The bid by seven NetOne executives to have their cases dropped on the grounds that the State’s allegations lack essential elements that formulate the charges flopped on Monday after a Harare magistrate dismissed their application for refusal of placement on remand. The seven; Lazarus Muchenje, Tawanda Sibanda (49), Tinashe Severa (43), Darlington Gutu (53), Spencer...

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Mobile money agents and bulk paying merchant lines in Zimbabwe have been put out of business, while merchant accounts will only receive payments after the central bank softened a tough government directive that had completely banned mobile based monetary platforms and ordered that trade on Zimbabwe’s Stock Exchange (ZSE) be suspended until further notice. Zimbabwe...

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Zimbabwe on Friday suspended trade on the stock exchange and mobile phone-based payments to address what President Emmerson Mnangagwa’s government called “criminality and economic sabotage”. The decision to suspend mobile payments will hit the economy hard as more than 80% of all transactions are conducted on phones due to a shortage of banknotes, according to central...

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 In the first quarter of 2020, the Zimbabwean telecoms market experienced a drop in the number of active voice subscribers by 43.7%. The continuous increase in the cost of telecom services has forced customers to opt for data. The segment which allows voice communication thanks to OTT has thus become a refuge. The Zimbabwe Post and Telecommunications...