US$2 000 limit now in effect for departing travelers

Published

6 months ago

October 9, 2024

BY WANDILE TSHUMA

Zimbabwe has introduced a new regulation that limits the amount of US dollars travelers can take out of the country.

The new law, which was introduced by the Reserve Bank of Zimbabwe (RBZ) last month, reduces the maximum amount of US dollars that travelers can carry from US$10 000 to US$2 000.

This change is aimed at curbing the externalization of funds and maintaining foreign currency reserves, in an effort to stabilize the country’s economy.

The Bankers Association of Zimbabwe (BAZ) has warned that this restriction could disrupt the informal import trade sector, a key source of employment in Zimbabwe.

Despite these concerns, the government has proceeded with the enactment of the new regulation, which has come into effect immediately.

Travelers departing Zimbabwe are now required to adhere to the US$2 000 limit without the need for further authorization, or risk penalties under the Exchange Control Regulations.

The new regulation is part of ongoing efforts to regulate currency flows and stabilize the country’s economy.

It alters the rules governing currency export from Zimbabwe and sets new limits on the amount of both Zimbabwean currency and foreign currency travelers can carry without special authorization.

According to the amendment, the maximum amount of foreign currency that can be taken out of the country is now capped at US$2 000 or its equivalent in other currencies.

The BAZ has raised concerns about the potential economic impact of the regulation, warning that it could lead to a reduction in externalization of funds and disruption in informal import trade.

Coal train in flames: NRZ locomotive damaged in fire incident

Published

3 days ago

April 16, 2025

VicFallsLive

BY WANDILE TSHUMA

A National Railways of Zimbabwe (NRZ) locomotive suffered significant damage after catching fire while transporting export coal to Zambi. The incident occurred between Kalala and Matetsi sidings, resulting in the explosion of the locomotive’s fuel tanks.

According to the NRZ press statement on Monday, “A National Railways of Zimbabwe locomotive suffered some damages after it caught fire this afternoon while transporting export coal to Zambia.” Fortunately, the crew members on board managed to escape unharmed.

The NRZ responded swiftly to the incident, dispatching a rescue train with crews to the site. The team successfully extinguished the fire, preventing further damage. However, the locomotive itself sustained considerable damage.

The cause of the fire is yet to be determined, with investigations currently underway. “Investigations are already underway to establish the cause of the fire and the amount of damage to the locomotive,” the NRZ statement read.

National

Ranger killed by elephant in Kariba

Published

1 month ago

March 14, 2025

VicFallsLive

BY NOKUTHABA DLAMINI

A 62-year-old ranger, Josphat Mandishara, was tragically killed by an elephant in Kariba yesterday.

Mandishara, who worked for the Zimbabwe Parks and Wildlife Management Authority (ZimParks), was on patrol in the Gatche-gatche area with fellow rangers and police officers.

At around 10 pm, Mandishara returned to the harbor where their boat was docked, and that’s when he encountered the elephant. The elephant charged at him, causing fatal injuries. His colleagues were nearby, resupplying at the Gatche-gatche Irrigation Scheme.

Mandishara’s body was taken to Kariba District Hospital for a post-mortem, and the incident was reported to the police.

ZimParks has sent a team to manage the problem elephant and prevent similar incidents in the future.

The Director General of ZimParks, Prof. Edson Gandiwa, and his team have sent condolences to Mandishara’s family, friends, and colleagues. Mandishara will be remembered for his dedication to wildlife conservation in Zimbabwe.

National

ZIMRA customs officer appears in court for criminal abuse of office

Published

2 months ago

February 3, 2025

VicFallsLive

BY STAFF REPORTER

A Zimbabwe Revenue Authority (ZIMRA) customs officer, Phillip Kuvenga, has been accused of criminal abuse of office for allegedly assisting in the importation of banned motor vehicles.

Kuvenga, 28, who is stationed at Victoria Falls, allegedly received documents from clients, completed valuation sheets, and carried out the valuation process. However, he is accused of endorsing different chassis numbers to deceive his supervisors during the validation and approval process.

After obtaining approval, Kuvenga would capture the correct chassis numbers in the ASYCUDA World System. He would then alter or replace the documents submitted earlier to his supervisors.

The offense came to light when a motor vehicle that had not yet arrived in Zimbabwe was found to have been already registered. A thorough check by ZIMRA led to Kuvenga’s arrest.

Kuvenga appeared in court on February 1, where he was denied bail by Magistrate Gift Manyka. He is expected to appear in court again today for another bail hearing.