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Zimbabwe shuts down popular website in forex crackdown

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BY RAY NDLOVU

Zimbabwean authorities shut down a popular black-market currency-tracking platform, the latest action to try and stop an accelerating decline in its currency.

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The central bank ordered marketwatch.co.zw and other sites that publish parallel-market currency rate to shut down, governor John Mangudya said in a phone interview.

The website has been used by residents and businesses to guide their purchases of foreign exchange on the streets of the capital, Harare, which they are forced to resort to when weekly central bank auctions don’t provide enough to meet demand.

Zimbabwe follows Nigeria, Africa’s biggest economy, in blaming online platforms for fueling the collapse of their currencies.

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Nigerian authorities last month targeted abokiFX, a platform that tracks the unofficial naira exchange rate, after central bank governor Godwin Emefiele accused the company of manipulating the exchange rate. abokiFX denies any wrondoing.

“It’s cybercrime,” Mangudya said. “How is the rate determined on the computer? It’s based on nothing but hot air.”

Marketwatch.co.zw was unavailable on Wednesday morning, with a notice saying: “Sorry, this website is no longer in service.”

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The Zimbabwean dollar weakened 3.2 percent on Tuesday to 93 per dollar — the biggest decline in 14 months. It’s plunged to about 175 per dollar on the parallel market in recent weeks.

Instability in the foreign-exchange market is being driven by an unrelenting growth in money supply, increasing imports and long delays in settlement at the central bank’s weekly currency auction, the Chamber of Zimbabwe Industries said last week.

To halt the currency’s decline, authorities have taken steps including arresting black-market traders and launching a probe into a currency abuse claim against Simbisa Brands, the nation’s largest fast-food giant.

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Businesses that peg their prices using unofficial market rates have been threatened with having their operating licenses revoked. – Bloomberg

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National

30 killed in Easter road crashes as pedestrians bear the brunt

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BY WANDILE TSHUMA 

The Zimbabwe Republic Police has reported a worrying rise in road fatalities during the 2026 Easter holiday, despite a decline in the total number of accidents.

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According to the police, 30 people were killed in road traffic accidents during the holiday period, up from 24 deaths recorded in 2025. However, the total number of accidents dropped from 384 in 2025 to 337 in 2026, while injuries also decreased significantly from 178 to 104. 

Police said 22 of the recorded accidents were fatal, compared to 21 during the same period last year. 

Pedestrians most affected

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Pedestrians accounted for the majority of fatalities, making up 63% of the deaths (19 people). Passengers were the second most affected group with seven deaths (23%), followed by drivers with three (10%), while one rider (3%) was killed. 

Speeding, overtaking blamed

Authorities identified speeding as the leading cause of accidents during the period, with many drivers losing control of their vehicles. Unsafe overtaking was also cited as a major contributor to head-on collisions. 

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Deadly incidents recorded

One of the most tragic incidents occurred on 2 April 2026, when six family members died after a head-on collision between a Toyota Corolla and a truck along the Harare–Masvingo Road. 

In another traffic accident , seven people were killed and four injured on 3 April 2026 at the 51km peg along the Bulawayo–Beitbridge Road. A truck rammed into three vehicles — a Nissan March, Toyota Probox and Toyota Hiace — before striking pedestrians who had gathered at the scene. 

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Police warning

The police have urged motorists to exercise caution, obey traffic laws and avoid speeding, especially during peak travel periods. Drivers involved in accidents are also being reminded to stop, render assistance and report incidents.

 

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Econet InfraCo targets ultra-luxury market with Vic Falls resort

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BY STAFF REPORTER 

Econet InfraCo has unveiled plans for a multimillion-dollar luxury resort in Victoria Falls, marking a strategic push by the billion-dollar infrastructure platform into high-end tourism.

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The development, branded Vic Falls Lifestyle, will feature 40 luxury residential villas supported by premium amenities, including restaurants, wellness centres and sports facilities.

Chief executive Fayaz King described the project as a landmark for Zimbabwe’s luxury tourism segment.
“These will be among the most exclusive residential properties ever developed in Zimbabwe, designed to meet top-tier international hospitality standards comparable to presidential suites in leading global hotels,” he said.

The project aims to reposition Victoria Falls as a destination for affluent global travellers seeking privacy, exclusivity and fully integrated services.
Recently listed on the Victoria Falls Stock Exchange with a valuation of about US$1 billion, Econet InfraCo said the resort will include a 24-hour, 10-bed private hospital offering emergency and dental services—an amenity tailored to high-net-worth clientele.
Security and privacy will be central to the offering, with the gated development providing round-the-clock protection for residents and guests.

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Under the investment model, buyers will own individual villas but will be required to place them in a rental pool for up to 11 months a year, balancing personal use with income generation.

“Victoria Falls needs developments of this calibre to attract visitors who not only spend, but invest,” King said.

Econet founder and group chairman Strive Masiyiwa played an advisory role in shaping the concept and is expected to be among the property owners.
The company said the project has already drawn interest from local and diaspora investors, as well as international buyers.

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Land has been secured, planning is at an advanced stage, and construction is scheduled to begin before year-end.

The Victoria Falls resort is Econet InfraCo’s second major project. Its flagship, Econet Tech City, is a planned industrial and technology hub near Robert Gabriel Mugabe International Airport in Harare, expected to host around 300 businesses across more than 800 hectares.

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Parliament moves to curb machete gang violence in rural areas

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BY WANDILE TSHUMA

Lawmakers are demanding an urgent security crackdown in rural constituencies following a report of nearly 1 000 violent incidents involving machete-wielding gangs over a four-year period.

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A motion moved by Brown Ndlovu highlighted the “horrific terror unleashed by machete-wielding gangsters” in the Vungu Constituency of Midlands Province, where murders, robberies, and assaults have reportedly become a daily occurrence. Official records presented to the House show that 997 violent cases were reported in the Vungu district alone between 2021 and 2025 .

Hwange Central MP, Daniel Molokele, recently raised the alarm to VicFallsLive, following his tour at Inyathi District Hospital, where he revealed that the gold panners were now digging under the hospital and that most casualties and admissions at the hospital were linked to machete-gang violence.

Parliamentarians expressed sharp “disdain” for current judicial practices, noting that the integrity of the legal system is at risk . The motion criticized the fact that “suspects who perpetrate such horrendous crimes are often granted bail and allowed to return to the same communities where they freely continue to molest and intimidate victims and witnesses,”a practice they say grossly undermines public safety.

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The House has called for the Zimbabwe Republic Police in rural areas to be modernized and properly equipped. Specifically, lawmakers are urging the Ministry of Home Affairs to provide officers with “adequate tools of trade such as vehicles, modern communication equipment, and weapons to wade off criminal activities”. Additionally, the motion proposes that bail should be denied in machete-related cases and that state witnesses be granted enhanced protection from “intimidation, retributions and retaliations”

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