Zimbabwe and regional technology news and updates



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RBZ says fintech regulatory sandbox will be live on 1 March. What does that mean?

The Reserve Bank of Zimbabwe (RBZ), in the recently released Monetary Policy Statement, has announced the commencement date for the Fintech Regulatory Sandbox.

Agent lines banned by RBZ as “they no longer serve any legitimate purpose”

Earlier today, the RBZ published the Monetary Policy Statement and there are a number of pretty shocking declarations. One of which is that agents lines are officially a thing of the past. The same document also outlines that mobile money wallets will now be limited to one per individual. RIP agents (2011-2020) Agents have been […]

Video: Watch BancAbc Explaining How The 2019 Monetary Policy Impacts Individuals And Businesses

During last week’s Global Money Week, BancAbc took time to share with organisations and individuals about how the 2019 Monetary Policy affects them. The discussion delved burning issues such as RTGS Dollars, Nostro accounts etc. Here’s the recording of the livestream: Quick NetOne, Econet, And Telecel Airtime Recharge Number to recharge: Airtime amount ($): EcoCash […]

[Download] RBZ’s Exchange Control Directive To Authorised Dealers

This document provides authorised dealers with an administrative framework by which to operate and implement measures found in the Monetary Policy Statement announced in February. The contents of the document include information on: Establishment of an Interbank Foreign Exchange Market Export Receipts Retention Thresholds Export Receipts Retention Periods Administration of Foreign Currency Accounts Discontinuation of […]

Government To Review The 2% Tax, Says Finance Minister

After clarion calls to abolish the controversial 2% tax by many people from all walks of life, its still the same story, the government doesnt yet want to get rid of it.  However, its only going to review the tax to come up with more exemptions early next year. Presenting the 2019 National Budget, Finance […]

[Update] New Taxes For Transferring Funds Are Simply Ridiculous

Finance Minister Mthuli Ncube delivered some sombre news at the Monetary Policy Statement. From charging 5c per transfer transaction the government will (with immediate effect) charge 2c for every dollar per transaction. In layman terms, this means you’ll now be charged 2% for every transfer transaction you make. It never rains Where you were paying […]

RBZ Mid-Term Monetary Policy shows a slowed growth in mobile money

There is a slowed growth in Mobile Money according to the RBZ’s Mid Term Monetary Policy Statement. This is probably a result of the turbulence in both the banking and telecoms sectors.