April 19
Zimbabwe: Old Mutual Secures Banking License
Old Mutual plc has been granted initial approval to launch a bank by the Prudential Authority (PA), the South Africa (SA) financial regulator that falls under the auspices of the… Read more »
April 08
Zimbabwe: Reserve Bank Cuts Policy Rate From 130 to 20%, Bets on New Gold Currency
The Reserve Bank of Zimbabwe (RBZ) has cut the policy rate to 20 percent from 130 percent previously as it bets on measures to stabilize the newly introduced Zimbabwe Gold (ZiG)… Read more »
June 07, 2023
Zimbabwe: Central Bank Raises Key Rate to 150% Amid Financial Turmoil
The Reserve Bank of Zimbabwe (RBZ) has reviewed upwards the main policy rate to 150 percent from 140 percent as part of measures to stabilize the foreign exchange market as… Read more »
June 01, 2023
Zimbabwe: POSB Opens Microfinance Service Centre in Mutare
The People's Own Savings Bank (POSB) opened a new Microfinance Service Centre in Mutare today to boost micro, small and medium enterprises (MSMES) access to capital. The… Read more »
June 27, 2022
Zimbabwe: RBZ to Introduce Gold Coins As Financial Markets Scream
The Reserve Bank of Zimbabwe (RBZ) is set to introduce gold coins in the market that will be sold through normal banking channels for the preservation of monetary value amid… Read more »
June 14, 2022
Zimbabwe: ZB Rebrands, Gives Fresh Look to Banking Halls
ZB Financial Holdings Group has unveiled its revamped logo, which is accompanied by a new look to its banking halls, signaling the financial institution's transformation to… Read more »
April 25, 2022
Zimbabwe: No Solution In Sight As Central Bank, Business Clash Over Currency Crisis
The Zimbabwe dollar (ZWL) weakened by almost 25 percent in April alone from ZWL$280 at the beginning of the month to ZWL$350 currently. Read more »