FINANCIAL SERVICES

Business Hub partners ZB Bank

WOMEN empowerment group Rock the Red Business Hub has partnered with ZB Bank Financial Holdings in a bid to use the financial institution as a conduit for women to access funds from the Reserve Bank o...

By Staff reporter | Published: 4 hours ago

FINANCIAL SERVICES

Agribank secures $30 million for agriculture

AGRIBANK has obtained a $30 million line of credit from the Industrial Development Corporation South Africa (IDCSA) to support the agriculture sector.The facility is favourably priced at Libor +8,9 pe...

By Staff reporter | Published: 4 hours ago

FINANCIAL SERVICES

Agribank disburses $80m to agric

Agribank has so far disbursed over US$80 million to the agriculture sector as it seeks to boost productivity and foreign currency generation.The bank, which has been directed by Government to focus on...

By Staff reporter | Published: 4 hours ago

FINANCIAL SERVICES

Pension industry sees drop in assets in Q4 2017

TOTAL assets in the pension industry declined by 6,5% to $4,03 billion in the fourth quarter of last year due to a shrinkage in equity investments that were affected by a drop in equity prices.The Ins...

By Staff reporter | Published: 20 July 2018

FINANCIAL SERVICES

Agribank secures $30m line of credit

AGRIBANK has obtained a $30 million line of credit from the Industrial Development Corporation of South Africa (IDCSA) to support the agriculture sector. The facility is favourably priced at Libor +8,...

By Staff reporter | Published: 20 July 2018

FINANCIAL SERVICES

Barclays Bank Zimbabwe is hiring

We are searching for graduates who are not only capable of succeeding in our organisation today and are also potential leaders of tomorrow. Our flagship Graduate Trainee Programme is a two year advent...

By Staff reporter | Published: 20 July 2018

FINANCIAL SERVICES

CBZ sweats over US probe

CBZ Holdings Limited is holding its breath while American investigators comb through records of its international transactions to determine the extent of any breaches by the bank of Washington's sanct...

By Staff reporter | Published: 19 July 2018

FINANCIAL SERVICES

EcoSure Moovah comes to town

Telecoms giant Econet has launched an innovative short-term motor vehicle insurance service, EcoSure Moovah. The service will offer vehicle insurance cover, ZINARA and ZBC licence discs - as well as f...

By Staff reporter | Published: 19 July 2018

FINANCIAL SERVICES

Agribank's net income grows

AGRIBANK's net income is improving, an indication of the financial institution's stability as it can meet its operating expenses from interest, a recent survey has revealed.According to the 2017 Zimba...

By Staff reporter | Published: 15 July 2018

FINANCIAL SERVICES

Insurers reel from chaos

INSURANCE companies are reeling from the mayhem on the country's roads caused by reduced police presence amid revelations of a sharp increase in loss ratios of vehicles being mostly used as illegal ta...

By Staff reporter | Published: 15 July 2018

FINANCIAL SERVICES

Women's bank to roll-out agent banking facilities

THE Zimbabwe Women''s Microfinance Bank (ZWMB) is in the process of rolling out agent banking facilities as it seeks to improve financial inclusion especially in remote areas, a Cabinet official said....

By Staff reporter | Published: 15 July 2018

FINANCIAL SERVICES

'Ecobank in Zimbabwe to stay'

ECOBANK Transnational Incorporated says it will provide a platform for the local bank to access global finance, as it seeks to stay in Zimbabwe for the long haul.Ecobank group chief executive officer ...

By Staff reporter | Published: 13 July 2018

FINANCIAL SERVICES

Nyaradzo snaps up biggest market share

DIVERSIFIED insurance group, Nyaradzo Life Assurance Company, says its market share has grown to more than 70 percent owing to the introduction of a number of corporate social responsibility programme...

By Staff reporter | Published: 13 July 2018

FINANCIAL SERVICES

Nedbank offers $75m offshore finance facility

NEDBANK Zimbabwe has availed a $75 million line of credit facility through its mother company, Nedbank South Africa under which pre-and post-shipment offshore finance will be offered to exporters.Spea...

By Staff reporter | Published: 12 July 2018

FINANCIAL SERVICES

AfDB ranked 4th in global index

THE African Development Bank (AfDB) has been ranked fourth among 45 development organisations in the 2018 Global Aid Transparency Index.The regional bank was ranked sixth in 2016.The Aid Transparency ...

By Staff reporter | Published: 12 July 2018

FINANCIAL SERVICES

Fraudsters target Women's Ban

Zimbabweans should be wary of fraudsters who are moving around with forged Women's Bank loan application forms and offering to process them for a fee. There are reports that a number of people had bee...

By Staff reporter | Published: 12 July 2018

FINANCIAL SERVICES

Nyaradzo launches Sahwira International Plan

Diversified insurance group, Nyaradzo Life Assurance Company has launched a funeral policy called Sahwira International Plan (Sip) meant for Zimbabweans in the Diaspora.Sahwira International Plan, whi...

By Staff reporter | Published: 10 July 2018

FINANCIAL SERVICES

BCC recovers only $32 000 from Metbank

THE Bulawayo City Council (BCC) has recovered from the Metbank $32 512 of the $1 million it lost after the financial institutions went under a few years ago.The local authority's finance department on...

By Staff reporter | Published: 10 July 2018

FINANCIAL SERVICES

Mnangagwa relaunches Grace Mugabe project

PRESIDENT Emmerson Mnangagwa yesterday relaunched the youth Empower Bank, exactly seven months after former First Lady Grace Mugabe opened the financial institution's doors to the public without a ban...

By Staff reporter | Published: 06 July 2018

FINANCIAL SERVICES

ZB taps into diaspora

ZB Bank in collaboration with ZymPay yesterday launched a product which will enable people in the Diaspora to pay fees to schools in Zimbabwe.Speaking at the launch of the Diaspora school fees service...

By Staff reporter | Published: 06 July 2018

FINANCIAL SERVICES

Capital Bank liquidation in limbo

THE liquidation of Capital Bank is yet to proceed four years after its licence was revoked amid concerns over rising costs being accrued against the financial institution to the detriment of its credi...

By Staff reporter | Published: 06 July 2018

FINANCIAL SERVICES

Zimpost launches funeral cash plan

Postal services provider Zimpost has partnered First Mutual Life (FML) Assurance to launch funeral assurance - PostLife Funeral Cash Plan.The product is underwritten by FML.The partnership, signed on ...

By Staff reporter | Published: 05 July 2018

FINANCIAL SERVICES

Absa's new logo

With Absa gearing up to 'relaunch' with a new look and corporate identity next week, pending trademark registrations with the Companies and Intellectual Property Commission have revealed what the grou...

By Staff reporter | Published: 05 July 2018

FINANCIAL SERVICES

British banker opens stockbroking firm in Zim

A consortium of British fund managers, led by Nigel Little, has been approved to open stockbroking firm in Zimbabwe.The new stockbroking firm Morgan & Co. has been issued with a trading licence b...

By Ngoni Shenjere | Published: 05 July 2018

FINANCIAL SERVICES

Motor, fire policies add spark to non-life insurers' earnings

Profit after tax for non-life insurers more than trebled to $33,63 million in 2017 from the previous year aided by a growth in gross premium written (GPW) and investment income, a new report by the in...

By Staff reporter | Published: 05 July 2018
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