Author Bee Sting

The Reserve Bank of Zimbabwe (RBZ) official came close to apologizing for the prevailing  hard cash shortages as one of its official finally let the cat out of the bag and confirmed that its infact the government that caused the crisis, not the so called externalization rhetoric they sing during the day. Speaking at the Zimbabwe Tourism Authority (ZTA) Consultative Workshop in Victoria Falls, RBZ representative, Mr Mandimanzi said that the foreign currency shortage currently being faced by Zimbabwe is because of the RBZ and the government’s overspending.   He said the current foreign currency shortages was due to its activities…

Government the major shareholder in Telecel  with 60% stake  and Economic Empowerment (EC) are set to announce their new board, which to many will be a shocker as  former Telecel Chief Executive Officer (CEO) Mr Francis Mawindi is amongst the members Impeccable sources told #Mondayblues that the ministry of  ICT nominated its top candidates namely Selby Hwacha, Barbara Rwodzi and Francis  Mawindi to represent their interests in the board while the Empowerment Corporation who refused to sell to government  has put up three names towards the board, these are James Makamba, Jane Mutasa and Gerald Nqobile Mlothswa. James Makamba still holds…

Most Zimbabwean banks have stopped online payments and cash withdrawals outside Zimbabwean borders with the exception of Standard Chartered, as the bond note backing system begins to crumble, rendering our bank balances nothing but useless Zim dollars  due to lack of actual USD backing in Nostro Account.   #MondayBlues early this year had hinted that the new bond note system was nothing much but a cover up for digital currency printed by the Reserve bank, with Proof that Zimbabwe was not transacting in the purported USD currency, but mere Zimbabwe Dollar  ZWD which was forcibly valued at 1:1. The Zimbabwean banks…

Barclays bank, one of the few local banks which still offered its clients the privilege of transferring “limited amounts of money” have recently sent an update that it will only offer the service to a few approved clients provided the payment is considered to be a special case. An unofficial source within the bank noted that there might be room for the clients to pre fund their accounts with USD or any other foreign currency in order to make online payments but this move also requires approval from the bank as it does not guarantee automatic online payment. As government…

Last Week #MondayBlues exclusively broke news that CBZ group marketing Eldrette Shereni was serving her last week at the country’s largest commercial bank while she takes on a new post as the new NetOne Marketing Executive, as some analysists questioned the rational, few days after that, the nation was hit with news of the CEO “retiring”. The CBZ Holdings Limited Board of Directors last week announced that Never Nyemudzo will be retiring from the Group as their Chief Executive Officer with effect from 31 December 2017. Then the Former CBZ chairman Elliot Mugamu was also reportedly forced out following pressure from National Social…

We need to know what really is going on in the president’s head, how feels about both petty and major policies before he officially gathers cabinet to pronounce policy, how much time he will take to react to pressing issues or even share those lighter moments through the microblogging site. This would be priceless. While Zimbabweans have many questions that may never be answered on social media, the power of social media cannot be understated, and for the  Zimbabwe government, it has already acknowledged the role by creating a separate special ministry, confirming its relevance and importance. The fact that…

 The Head Group Marketing & Corporate Affairs for CBZ Holdings Dr Eldrette Shereni has landed the top marketing executive post to replace Juliet Ziswa, who was head hunted by an East African company #MondayBlues can reveal. Dr Eldrette Shereni will be the new executive to drive NetOne to its next dispensation effectively on the 1st of November 2017, as she serves her last days with the commercial bank. Contacted for comment, NetOne acting Chief Executive Officer Mr Brian Mutandiro confirmed the development I can confirm that Dr Shereni will be joining us as we forge ahead towards building a strong…

Yesterday, #MondayBlues hinted that the Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) could migrate to the newly formed ministry called Cyber Security, Threat Detection and Mitigation. PRESIDENT Robert Mugabe last week effected a Cabinet reshuffle which is aimed at “ridding government of dead wood and Non performing ministers” according to the President. Some fell on the way side while others were recycled from the political dustbin as in the case of Cde Webster Shamu who had been booted out of government and the party. Environment minister Oppah Muchinguri Kashiri’s ministry was swallowed by Mbwebwe’s tourism and environment ministry.  Of…

The Zimbabwean government should outsmart its detractors during the current bickering and play well to the public gallery by simply handing over Kwese the much-anticipated TV licence, instead of allowing it to fight all the way for victory.  The continued battle between the Broadcasting Authority of Zimbabwe (BAZ) and Kwese TV is not wise and does not help the government and stakeholders in any way, especially if they lose such a case.   Having jumped through the hoops and met all the requirements through Dr Dish its content distribution partner, BAZ is still against Kwese, and even went ahead in appealing a High…

If you thought only Cats had monopoly over longevity, then you might need to rethink your theory. Former ICT, Postal and Courier Services minister Cde Webster Shamu  is indeed a survivor. After having been sacked from his ICT ministerial post in 2014, Shamu yesterday bounced back as Minister of State for Mashonaland West Provincial Affairs. From the times of the liberation struggle, stories are told of how he could easily avoid imprisonment and incarceration. He even changed his name from Charles Ndlovu to Webster Shamu, the reasons behind the re-branding are however sketchy as many theories are thrown around. After the…

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