Zimbabwe and regional technology news and updates



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Prof. Mthuli Ncube continues to ignore local crypto startups

It might appear as if I am stalking Finance Minister Mthuli Ncube but some of the things he has said recently have been concerning. Last week Prof. Mthuli Ncube toured a Dubai Crypto Hub and tweeted that he had found a way to make remittances cheaper while there. Now, if you have been around Techzim […]

Mthuli Ncube: Efficiency The Only Thing That Can Turn The Economy Around

The flamboyant Victorian British Prime Minister, Benjamin Disraeli, once noted that; “There can be economy, only where there is efficiency”. Zimbabwe’s economy has been full of inefficiencies for far too long. Waste in the economy, has led to want amongst the people. Our people deserve better. And as the Minister of Finance, I have a […]

{Video} Finance Minister Mthuli Ncube At Davos Talking About Protests, Internet Shut Down And Other Interesting Stuff

Quick NetOne, Econet, And Telecel Airtime Recharge Number to recharge: Airtime amount ($): EcoCash or OneMoney number: Buy Please dial our USSD code *405# on your phone to buy airtime because this page will not work. {{error_message}} {{error_message}}

Its Good For Zim To Introduce A New Currency-South Africa’s Finance Minister, Tito Mboweni

Instead of trying to prop up the failed bond notes and dollarization system, South Africa’s Finance Minister, Tito Mboweni thinks Zimbabwe is better off introducing a new currency. I think the idea of using a new currency in Zimbabwe is a good one. I think our colleagues there are on a good wicket when it […]

Zim To Have Its Own Currency (Zim Dollar) This Year- Mthuli Ncube

Indeed in some months, we will have our own currency according to the Finance Minister. That means this fake-almost-money bond note will be booted out of circulation and we will start to use our very own Zim Dollar. You may not know it but according to the Finance Minister, the wheels of having the Zim […]

Zimbabweans Have “Embraced” The 2% Tax And Have Never “Complained” About It, Says Finance Minister

The Finance Minister’s latest remarks will probably draw rebuke and ire more than ever. First off he says Zimbabweans have now embraced the 2% tax and he adds to that by saying that, (they Zimbabweans) are no longer complaining about this tax. The 2% tax is not about Zimbabweans being punished, and it is dishonest […]

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 […]

Mthuli Ncube Gets A Do-over

I know few people would agree with me on this, but I do not think the most damaging part of the Finance Minister’s policies was the 2% tax as a lot of people seem to think. It was his public musings on the options that he was considering when it comes to pulling our economy […]

Mthuli Ncube Discusses Why Zim Could Be A Succesful Gateway Into Africa

ON Friday afternoon of 2 November 2018, I visited Surface Wilmar based in Chitungwiza, Harare. The company is owned by one of the largest companies in the world in the production of edible oils, based in Singapore. The factory floors are most impressive and world class, and it was not lost to me that this […]

{Press Release} Finance Minister’s Speech On Promoting Foreign Direct Investment In Zim And Other Countries

STATEMENT BY THE MINISTER OF FINANCE AND ECONOMIC DEVELOPMENT HON. PROF MTHULI NCUBE ON PROMOTING FOREIGN INVESTMENT TO LANDLOCKED DEVELOPING COUNTRIES (LLDCS) Chairperson, I am delighted to take the floor and contribute my national perspective to this very important discussion on Promoting Foreign Investment to Landlocked Developing Countries (LLDCs) focusing on our experiences, challenges and […]

So, The Finance Minister Didn’t Appoint A Communications Taskforce After all…

It seems the Communication Task Force set up by Finance Minister Mthuli Ncube has already been laid to rest. In fact, if you believe what the Ministry of Information says then the Communication Task Force never truly was. The Ministry of Information’s official Twitter account took to the realm of social media to denounce the […]

MasterCard Boss Is In Zim, They Are Planning To Open An Office Here Soon

This is a press release with a bit of our own commentary. Mastercard President and CEO, Ajay Banga, this week visited Zimbabwe to show Mastercard’s strong support for the country’s drive to create a new wave of digital payments and inclusive growth. He outlined how Mastercard will collaborate with local private and public sector partners […]

Finance Minister Doesn’t Think The RBZ Is Involved In “Money Changing”, Promises To Investigate However

Another conspiracy theory that make the rounds is that the central bank, Reserve Bank of Zimbabwe (RBZ) is involved in the informal and illegal money changing practice. Now Finance Minister, Professor Mthuli Ncube has dispelled this, with him saying that he doesn’t think the RBZ is involved in that practice. He was saying this just a […]

Tendai Biti To Represent Another Citizen Who Is Taking Mthuli Ncube To Court Over The 2% Tax

Whilst some are already used to the recently introduced 2% tax, some are still fighting the battle to repeal it. Mfundo Mlilo who is director of the Combined Harare Residents’ Association is one such person who is not going to let it slide easily. He is challenging the lawfulness of the 2% tax introduced by Finance Minister […]

Here Are The 8 Transactions That Wont Pay The Controversial “2% Per Dollar Tax”

Finance Minister, Mthuli Ncube came up with 8 exemptions to lighten the burden of the controversial 2% tax that was introduced during the monetary policy statement presentation. The following exemptions are on top of a provision that says, transactions below $10 are not charged the 2% tax. And a cap of $10 000 on the […]

Be Hopeful: Mthuli Ncube Says Afreximbank Has Offered To Guarantee 1:1 Convertibility Of RTGS Balances Into USD’s

There is light at the end of the tunnel and it seems Zimbabwe’s all-weather friend, The Afreximbank is going to give that light. I’m not sure if you were either disconcerted or reassured by the government’s intention to keep the current official exchange rate between bond notes and USD at 1:1. But I’m certain that […]

Full Text: Mthuli Ncube Says Government To Maintain Bond/USD Exchange Rate At 1:1 To Protect People’s Savings

Despite yesterday conceding that he doesn’t want to wrestle with the reality ( the market forces) that bond notes (coins) are not at par with US dollars, Finance Minister Professor Mthuli Ncube, says he wants to maintain the pegged current rate of exchange of 1:1 in order to protect people’s savings. At the moment, the […]

Double Taxation When You Do A Bank To EcoCash Transfer, Mthuli Ncube Dodges Question

We know that men, in their nature do not like taxes especially when they don’t see their use. The 2% tax presented by Finance Minister last week has certainly increased the animosity towards taxes in Zimbabwe. Although the Minister came up with some provisions to lighten the burden whilst at the same time maximizing the tax […]

Finance Minister Says The Controversial 2% Tax Might Be “Fine-Tuned” In the Next Budget In December

The continued backlash against the “2% (or 2 cents) per dollar transacted” tax has cast the new Finance Minister in a bad light. One way Professor Mthuli Ncube has tamed the anger of people is by retracting the blanket application of the tax from charging 2 cents for every dollar transacted to starting to apply […]

Video: Finance Minister Launches Zim’s Latest Economic Blueprint

Minister of Finance and Economic Development, Mthuli Ncube on Friday launched Zimbabwe’s latest economic blueprint, titled Transitional Stabilisation Programme (TSP). The TSP will run between 2018 and 2020 to facilitate implementation of vision 2030. Among some the measures announced by the minister he said: Budget deficit will be reduced The Civil Service will be right-sized […]

98% Of Zimbabweans No Longer Want Bond Notes, 48% Favour Return Of Zim Dollar: Afrobarometer Survey

As Zimbabwe continues to try to figure out the right formula to revive its economy, one of the most polarising issues is the issue of currency reforms. Some are of the opinion that Zimbabwe has to do away with the bond currency and adopt the South African rand or getting rid of bond currency and start […]

Finance Minister Says Zimbabwe Should Be Investing In Understanding Cryptocurrencies

There is a ray of hope for cryptocurrencies fans in Zimbabwe after the new Finance Minister, Professor Mthuli Ncube showed a clear interest in digital currencies. He said that The Reserve Bank of Zimbabwe should take advantage of the knowledge young people who know about cryptocurrencies in Zimbabwe have and come up with conducive regulation […]

[Press Release]: New Finance Minister Embarks On “Stakeholder Listening And Consulting Road Show”, Today He Met Fifty Captains Of Industry

New Zimbabwe Minister of Finance Professor Mthuli Ncube has embarked on a listening and consulting roadshow with stakeholders, starting with a private meeting with captains of industry. Today, he met with fifty chief executive officers of the leading businesses in Zimbabwe to consult and listen to the challenges they are facing operating in Zimbabwe. Issues […]

New Finance Minister, Mthuli Ncube Proposes These Three Solutions To Solve The Cash (Economic) Crisis

Many are calling him President Mnangagwa’s best appointment. That’s new the Finance Minister Mthuli Ncube, a technocrat as many of us are saying. He starts his reign as the Minister of Finance in the back of a struggling economy. Shortage of bond cash, shortage of foreign currency cash, increasing prices etc are some of the […]