Zimbabwe Suspends mobile banking
A man walks in the streets wearing a face mask as a preventive measure agaisnt the spread of COVID-19 coronavirus on March 23, 2020, in Bulawayo, Zimbabwe. ZINYANGE AUNTONY / AFP Zimbabwe on Friday abruptly suspended all mobile money transactions, the most widely used platform to make and receive payments in the crisis-ridden country, claiming the move would tackle crime and economic sabotage. The government also suspended all trade on the country’s stock exchange, which it accused of being complicit in illicit financial activities. An information ministry statement said government was suspending with immediate effect “all monetary transactions on phone based mobile money platforms in order to facilitate intrusive investigations”. “Government is in possession of impeccable intelligence … whereby mobile-based phone systems …are conspiring with the help of the Zimbabwe Stock Exchange — either deliberately or inadvertently — in illicit activities that are sabotag