April 29
Zimbabwe: FCB Eyes Fresh Lines of Credit
First Capital Bank (FCB) says it has engaged the African Development Bank (AfDB) and Trade Development Bank (TDB) for fresh lines of credit after significant drawdowns on previous… Read more »
April 23
Zimbabwe: AFC Insurance Collaborates With Botswana Firm
AFC Insurance is collaborating with Phoenix Insurance Company of Botswana to map out ways of boosting agricultural production in both countrie, a development expected to boost… Read more »
April 01
Zimbabwe: Herentals Bank On Underdog Tag
WinlessESS Herentals College will be hoping to exploit the underdog tag when they face Castle Lager Premier Soccer League leaders, FC Platinum at Rufaro this afternoon. Read more »
March 06
Zimbabwe: Nedbank Challenge Cup Preps On Course
Zimbabwe Rugby Union (ZRU) vice president Martin Shone says preparations for the third edition of the Nedbank Challenge are well on course as they aim to play host to an exciting… Read more »
February 13
Zimbabwe: Ipec Demands Early Settlement of Claims
The Insurance and Pensions Commission (IPEC) has directed all insurance companies to timely settle claims after an increasing number of policyholders sought the Commissioner's… Read more »
January 29
Zimbabwe: Central Bank Auction Boosts Industrial Production
The Confederation of Zimbabwe Industries (CZI) says most businesses that benefited from the Reserve Bank of Zimbabwe (RBZ) auction system have seen improved capacity, product… Read more »
February 03, 2023
Zimbabwe: Reserve Bank Slashes Lending Rates, Increases Forex Retention
The Reserve Bank of Zimbabwe (RBZ) has trimmed its bank policy rate to 150 percent from 200 percent per annum and increased foreign currency retention thresholds for exporters on… Read more »
January 20, 2023
Zimbabwe: Bankers, Analysts Call for Forex Market Liberalisation
The Reserve Bank of Zimbabwe said the country had total foreign exchange payments of US$8,6 billion in the year 2022, but only 3 percent of that money was facilitated through the… Read more »
Zimbabwe: Central Bank Pledges to Abide By Own Rules
The Reserve Bank of Zimbabwe (RBZ) says it will now abide by its own rules which it had violated for the greater part of last year after it failed to avail foreign currency to… Read more »
December 20, 2022
Zimbabwe: Insurance Council Speaks On Fraudulent Claims
The Insurance Council of Zimbabwe wants a vibrant insurance fraud office following an upsurge of insurance fraud, which even includes the recent police discovery of a syndicate… Read more »
October 08, 2022
Zimbabwe: Bank Loses U.S.$31 Million to Employee
An employee of African Century Limited Bank processed $31 263 875 of bank money into his own accounts as failed Zimswitch and airtime transactions. Read more »
October 04, 2022
Zimbabwe: Ecocash Revises Transaction Limits Upwards
EcoCash, Zimbabwe's largest mobile money platform, has increased its transaction limits by an average of 230%, allowing wallet holders to send money, pay bills or buy goods and… Read more »
July 06, 2022
Zimbabwe: Gold Coins - Igniting Stable Monetary Realities
In the history of the evolution of money, there is nothing that has been made an indicator stipulating what should or should not be used as money. Among the many other… Read more »
July 04, 2022
Zimbabwe: Central Bank Gold Coins to Strengthen Zimdollar
The Reserve Bank of Zimbabwe (RBZ) last week, following a resolution agreed on by its Monetary Policy Committee (MPC), announced plans to introduce gold coins to be used as a new… Read more »
Zimbabwe: Steward Bank Posts Strong Performance
Steward Bank posted a strong financial performance in the full year to February 28, 2022, with net operating income adjusted for inflation rising by 73 percent, while profit before… Read more »
June 20, 2022
Africa: AfCFTA Success Depends On Strong Africa Bank Lending
The African Export-Import Bank (Afreximbank), has challenged African banks to play a pivotal role in providing long-term loans to manufacturing companies on the continent. Read more »
May 27, 2022
Africa: Africa's GDP Growth to Slowdown in 2022
THE African Development Bank (AfDB) projects that Africa's gross domestic product growth rate will dip to 4,1 percent this year weighed down by the impact of Covid-19 pandemic and… Read more »
May 26, 2022
Zimbabwe: AfDB Accepts President's Call On Zim's Foreign Debt
African Development Bank (AfDB) President Dr Akinwumi Adesina says he has accepted President Mnangagwa's request for the bank to lead the country's debt repayment strategy as… Read more »
Zimbabwe: Editorial Comment - Auction, Interbank Rates Set Real Exchange Rate
The exchange rates generated by the weekly auctions of the Reserve Bank of Zimbabwe and the interbank rate set by the banking system have now moved into near perfect alignment to… Read more »
May 17, 2022
Zimbabwe: Central Bank Lifts Suspension On Lending
The Reserve Bank of Zimbabwe (RBZ) has, with immediate effect, lifted the temporary suspension of lending services by banks issued through a circular on May 9, 2022. Read more »
Zimbabwe: Resumption of Lending Must Be Carefully Plotted
Inflation is not hated by everyone, unfortunately, as there are an interesting group of people and businesses that welcome negative real interest rates and a currency declining on… Read more »
May 16, 2022
Zimbabwe: Zimbabwe's Central Bank Bans Third Country Foreign Payments By Banks
The Reserve Bank of Zimbabwe (RBZ) has banned third country foreign payments, except for fuel, in measures to facilitate critical transactions to keep the economy going smoothly… Read more »
May 11, 2022
Zimbabwe: Reforms to Enhance Investors' Confidence - WB
THE World Bank has hailed Zimbabwe's economic trajectory, saying a cocktail of measures and reforms Harare has embarked on, that include establishment of the Commercial Division of… Read more »
May 10, 2022
Zimbabwe: Wheat Farmers Await Bank Loan Modalities
Farmers are waiting for further guidance from authorities following the temporary suspension of lending by banks to both Government and the private sector, as they reckon… Read more »