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April 21
Zimbabwe: China Writes Off Interest-Free Loans Given to Zimbabwe
China has written off an unspecified amount of Zimbabwe's interest-free loans and pledged to help the Southern African country find a way out of its debt crisis, even as activists… Read more »
March 29
Zimbabwe: Mnangagwa Appoints New Central Bank Governor Amid Concerns Over High Inflation, Crumbling Zimbabwe Dollar
President Emmerson Mnangagwa has appointed top-ranked banker, John Mushayavanhu, as the new governor of the central bank, almost a month before the end of John Mangudya's term of… Read more »
March 19
Zimbabwe: Central Bank to Unveil Monetary Policy Statement Hinged On Structured Currency, Prices Stability
THE Reserve Bank of Zimbabwe (RBZ) is set to unveil the Monetary Policy Statement (MPS) hinged on a structured currency to provide a lasting solution to exchange rate volatility… Read more »
February 11
Zimbabwe: Govt Crafting 'Permanent Solution' to Exchange Rate, Price Distortions - Mnangagwa
FINANCE deputy minister Kudakwashe David Mnangagwa has said the Treasury is working on what he termed a "permanent solution" to address price and exchange rate distortions. Read more »
December 08, 2023
Zimbabwe: AfDB Approves U.S.$15 Million Facility for NMB Bank Zimbabwe
The African Development Bank (AfDB) has approved a US$15 million facility for NMB Bank Zimbabwe which will enable the local financier to support SMEs and local businesses. Read more »
November 18, 2023
Zimbabwe: 75% of Banking Sector Jobs Lost Due to Digitization
THE Zimbabwe Banks and Allied Workers Union (ZIBAWU) says 75% of the sector's jobs have been lost since the turn of the millennium due to a combination of accelerated digitization… Read more »
September 07, 2023
Zimbabwe: CBZ Holdings Promises Double Value After Acquiring 36% in First Mutual
The country's largest banking institution by assets and deposits, CBZ Holdings has promised to deliver double value to both shareholders and clients following the acquisition of a… Read more »
Zimbabwe: ZB Bank Pushes for Customer Centric Approach, Revenue Hits ZW$917 Billion
Leading financial services provider, ZB Bank has vowed to press ahead with the customer centric approach on the back of recording a ZW$ 917 billion during the year's first half… Read more »
August 11, 2023
Zimbabwe: GetBucks to Delist From ZSE Due to Poor Returns
MICROFINANCIER, GetBucks Microfinance Bank Limited has reached a decision to exit the Zimbabwe Stock Exchange (ZSE) citing that the benefits of trading on the bourse are… Read more »
August 01, 2023
Zimbabwe: Farmers Show Huge Appetite for Agric Index-Based Insurance
For Japhter Nyathi, whose 5-hectare plot at Honeybird Kop Farm, Umguza district in Matebeleland North was destroyed by a hailstorm a few weeks before expecting his first 2022… Read more »
July 29, 2023
Zimbabwe: Central Bank Monetary Policy Committee Resolves to Stay the Course of Stability
The Reserve Bank of Zimbabwe (RBZ) Monetary Policy Committee (MPC) has resolved to stay the course of stability which is currently taking shape by avoiding implementing new… Read more »
July 05, 2023
Zimbabwe: ZW$ in Third Time Recovery On RBZ Auction, Firms Up By 5,9%
The ZW$ recovered for the third time on the Reserve Bank of Zimbabwe (RBZ) Foreign Exchange Auction this week, firming up by 5,9% against the greenback. Read more »
May 31, 2023
Zimbabwe: Finance Minister Ncube's Measures Breach Law, Expose RBZ-Treasury Fall Out - Says Biti
Former Finance Minister Tendai Biti has said the latest series of economic measures announced by Mthuli Ncube expose the rift between Treasury and the Reserve Bank of Zimbabwe,… Read more »
Zimbabwe: Zim$ Depreciates By Further 36, 4% On RBZ Auction - Black Market Rate Reaches $4,000
The Zim$ depreciated by a further 36,4% on the Reserve Bank of Zimbabwe (RBZ) Foreign Exchange Auction Tuesday in a development market watchers believe will effectively close the… Read more »
April 09, 2023
Zimbabwe: Economic Experts Optimistic On New RBZ Digital-Gold Coins Inception
ECONOMIC experts believe that the recent move by the Reserve Bank of Zimbabwe (RBZ) to incept digital gold coins is a step in the right direction and consistent with global best… Read more »
March 24, 2023
Zimbabwe: POSB Unveils Co-Badged Debit and Prepaid Mastercard Cards Combining Dual Currency Usage
The People's Own Savings Bank (POSB) in partnership with Mastercard has unveiled prepaid and debit cards making it easier to transact in both domestic and international markets. Read more »
March 10, 2023
Zimbabwe: Mangudya Defends Tough Stance On Al Jazeera Investigation Documentary
Reserve Bank of Zimbabwe (RBZ) governor, John Mangudya has called on the nation not to underestimate the impact of "biased and wild" claims made in snippets of the unscreened Al… Read more »
February 24, 2023
Zimbabwe: Lance Mambondiani Leaves Bancabc, Board Fallout Claims Dismissed
BANKER Lance Mambondiani is stepping down as managing director of BancABC, having been head of the Zimbabwe unit of the regional financial services institution since July 2019. Read more »
Zimbabwe: AfDB Says Zimbabwe Has Lost 102 Banking Correspondences
The African Development Bank (AfDB) says Zimbabwe has lost a total 102 banking correspondences in the last decade on the back of sanctions induced depreciation of the local… Read more »
February 06, 2023
Zimbabwe: Stakeholders Blast Women's Bank Over Failure to Alleviate Poverty
STAKEHOLDERS have criticised the Zimbabwe Women Microfinance Bank (ZWMB) for failing to alleviate the plight of the country's impoverished women by continuing to operate like any a… Read more »
February 02, 2023
Zimbabwe: Central Bank Reduces Interest Rates to 150%, Bullish On Sustained Stability
Reserve Bank of Zimbabwe (RBZ) first Monetary Policy Statement (MPS) for the year 2023 reduced interest rates to 150% per annum while maintaining a tight grip on inflation… Read more »
January 31, 2023
Zimbabwe: Central Bank Sets Conditions for 50% Mineral Royalties' Collection
THE Reserve Bank of Zimbabwe (RBZ) has set the conditions for 50% raw minerals royalties collections after being conferred with the responsibility by the government. Read more »
January 25, 2023
Zimbabwe: Industry Confirms Backlog Clearance As RBZ Auction Allots U.S.$13, 8 Million
CONFEDERATION of Zimbabwe Industries (CZI) has acknowledged that the Reserve Bank of Zimbabwe (RBZ) Foreign Exchange Auction has cleared backlogs, expressing optimism that parallel… Read more »
January 20, 2023
Zimbabwe: Central Bank Clears Auction Backlogs, Move Set to Strengthen Local Currency
THE Reserve Bank of Zimbabwe (RBZ) says it has cleared the Foreign Exchange Auction backlogs in what market watchers believe to be a huge leap in strengthening the Zim$ currency. Read more »
January 19, 2023
Zimbabwe: Central Bank Allotments Surge to U.S.$14,5 Million
The Reserve Bank of Zimbabwe (RBZ) Auction's allotments hit US$14,5 million responding to new year's foreign currency demands. Read more »
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