Categories: Stories

Fake US$2 billion loan facility for Zimbabwe small business makes waves

A fake story about a US$2 billion loan facility for small businesses in Zimbabwe purportedly from the International Monetary Fund has been making waves on the internet and has been published by at least two local online news sites.

Zimbabwe fact-checking organisation Zimfact says the story could be a ploy to harvest personal details of Zimbabwean businesses.

It says the Ministry of Finance has confirmed that the story is false. No such facility has been announced.

Zimfact says this is not the first such fraudulent post.

A similar post appeared earlier in June claiming that USAID was giving out grants to Zimbabwean businesses.

(167 VIEWS)

This post was last modified on June 26, 2020 10:49 am

Charles Rukuni

The Insider is a political and business bulletin about Zimbabwe, edited by Charles Rukuni. Founded in 1990, it was a printed 12-page subscription only newsletter until 2003 when Zimbabwe's hyper-inflation made it impossible to continue printing.

Recent Posts

Britain says amendment of the Zimbabwean Constitution is a sovereign, legislative matter for Zimbabwe to decide

Britain says amendment of the Zimbabwe constitution is a sovereign, legislative matter for Zimbabwe to…

March 24, 2026

Who started the war?

It is now 47 years since I wrote the short story below for a South…

March 4, 2026

Zimbabwe 2026 monetary policy statement at a glance

Zimbabwe has released its 2026 monetary policy statement in which it seeks to stabilise its…

March 1, 2026

Was Chombo Mugabe’s number two?

Far from it, on paper that is. Ignatius Chombo was one of the longest serving…

February 6, 2026

Zimbabwe’s 2026 citizen’s budget

Zimbabwe on Thursday announced a ZiG290.9 billion budget with revenue expected to be ZiG287.6 billion,…

November 30, 2025

IMF says Zimbabwe’s economic recovery in 2025 is stronger than previously anticipated

The International Monetary Fund says Zimbabwe’s economic recovery in 2025 is stronger than previously anticipated…

November 8, 2025