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Zimbabwe Bans Mobile Money Cash Transactions

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Zimbabwe

Zimbabwe’s central bank has banned mobile money agencies from facilitating cash withdrawals or deposits.

The southern African nation is struggling to deal with a worsening economic crisis and cash shortages.

Only very few banks are able to provide depositors with physical cash.

Zimbabweans have now resorted to mobile money agencies who are reportedly selling cash at a premium illegally.

In a statement, the central bank said: “Some economic agents are engaging in illegal activities, abusing the cash-in, cash-out and cash-back facilities thereby compromising the public interest objectives of national payment systems in the economy.”

It added that “Notable activities include the buying and selling of cash through mobile money agents at high rates above the approved charges for cash-in and cash-out with some economic agents not banking cash sales under the disguise of cash-back services.
“The charging of commissions outside the approved framework adversely affects the smooth operation of payment systems and have the negative effect of distorting pricing of goods and services.”

The bank has now directed all mobile payment system providers and merchants to discontinue cash-in and cash-out with immediate effect.

“Banks, mobile payment system providers, and other economic agents are reminded of the need to ensure that the entire ecosystem operates within the confines of the law and enforce compliance,” the bank’s statement said.

Zimbabwe’s economy is virtually now on its knees begging for a rescue.

The country in 2008 abandoned its own currency after inflation peaked at 500 billion percent that year.

Zimbabwe introduced new measures last year and this year and announced the return to its own currency called the Zimbabwe dollar.

The government banned the use of foreign currencies for local transactions hoping to rebuild the economy.

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University Student Stabbed To Death By Boyfriend After She Broke His Heart

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We have received the sad news on the death of a Polytechnic student who was allegedly murdered by her boyfriend.

Dorcas Jamilla Ouma is a first-year student of Kisumu Polytechnic and it’s believed her boyfriend stabbed her multiple times for breaking his heart on Tuesday, 12th November 2019.

The boyfriend is a former Maseno University student and he was arrested the next day after the assault hiding in a bush.

Dorcas did not die immediately according to eyewitnesses. She was rushed to the hospital and she named her assailant before she passed.

According to the Kondele Police Station which apprehended the 27-year-old alleged killer, he has already fought with the late Dorcas just a day before the incident on social media and he accused her of breaking his heart.

He blamed not just the girl for their breakup but also the girl’s family for encouraging her to dump him.

In a series of post on his social media pages, the alleged killer wrote

“Be careful when you love that girl you see on my profile picture. She has killed me. Real love is not there and can never exist,” read an excerpt from the suspects’ Facebook post.

“I am the first man in her life but now I stink to her and her family who think I will waste their daughter because I am poor,” he shared online.

May she rest in perfect peace

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New Explicit Tape Of A SHS Student “Annie Faanu” Leaks | WATCH

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Annie Faanu

A new explicit tape of one SHS student identified as Annie Faanu has been leaked.

According to reports reaching us, the girl schooled at Syte where she had to redrawn from the school.

She was the admitted at to Gaec as she claimed she was forced for sex.

Other claim she was fully prepared for sex as her tape has been leaked.

Get the video on our Telegram page “KubiLive”.

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Abortion Is Not A Sin, The Same As Sex Before Marriage : Counselor Lutterodt

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Counselor Lutterodt

Controversial relationship and marriage counselor, George Lutterodt has made a rather surprising comment about abortion.

According to the counselor, sex before marriage is not a sin but it is the church that has engraved such thought in the minds of Ghanaians.

The counselor believes abortion is not a sin and also sex before marriage shouln’t also be seen as such.

“Pregnancy just comes because people don’t know when to have sex and when not to have it. The abortion problem is becoming common to us because we have not educated the people on when to have sex.

The church has also come in to make people believe that sex before marriage is a sin. Where is abortion a sin? , Counselor Lutterodt indicated.

This statement by Counselor Lutterodt has sparked a controversy on social media as netizens have described his comments as outrageous.

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