The Cotton Company of Zimbabwe (Cottco) has completed repayment of a $54 million loan granted by ZAMCO in 2014, marking a milestone in the revival of the company, backed by government support granted ...
By Staff reporter | Published: 06 October 2019
LAFARGE Cement Zimbabwe has obtained a long-term US$30 million facility to enable settlement of outstanding obligations.In its audited results for the year ended December 31 2018, the cement manufactu...
By Staff reporter | Published: 03 May 2019
Finance and Economic Development Minister Professor Mthuli Ncube said he was satisfied with the process being undertaken by the Government towards assisting businesses, which were looted and had their...
By Staff reporter | Published: 28 April 2019
Industry and Commerce deputy minister Raj Modi says business should uphold ethical standards and repay borrowed funds.Modi was speaking to captains of industry during the CZI/ZITF Buyers-Sellers Forum...
By Staff reporter | Published: 26 April 2019
GetBucks Microfinance Bank CE Terrence Mudangwe says the financial institution is treading cautiously in the issuance of mortgage loans, given the nature of its assets on the market, but is leveraging...
By Staff reporter | Published: 07 December 2018
CASSAVA Smartech banking unit, Steward Bank and Ecocash yesterday launched a platform where Econet mobile network subscribers will be able to open bank accounts through cell phones in a minute. Codena...
By Staff reporter | Published: 06 December 2018
MULTI-COMMODITY mining and natural resource development company, Premier African Minerals, has converted a $300 000 loan availed by one of its directors, Mr George Roach, into new ordinary shares. Pre...
By Staff reporter | Published: 27 November 2018
The Zimbabwe Asset Management Company (Zamco) will allow an eight-year moratorium on all restructured non-performing loans (NPLs) before the central bank's bad loans cleansing special purpose vehicle ...
By Staff reporter | Published: 17 September 2018
AFTER its desperate quest for a critical US$2,5 billion bailout package from China hit a snag last week, government has somersaulted and now claims it did not request any such money.Ministry of Financ...
By Staff reporter | Published: 14 September 2018
MICRO-financial institutions (MFIs) disbursed $87,3 million in loans by the end of June, a huge jump from the previous quarter where they doled out $56 million.As at the end of March 2018, the loans w...
By Staff reporter | Published: 09 September 2018
PRESIDENT Emmerson Mnangagwa yesterday said youths that will access loans from EmpowerBank must develop a culture of honouring their obligations, adding that the high default rate recorded under the Y...
By Staff reporter | Published: 06 July 2018
THE Reserve Bank of Zimbabwe (RBZ) has managed to secure $1,3 billion offshore loans through the African Export-Import Bank (Afreximbank) and Trafigura to support production and promote exports, an of...
By Staff reporter | Published: 05 July 2018
THE Zimbabwe Asset Management Company has since its establishment absorbed $1 billion Non-Performing Loans (NPLs) at banks for various companies to help the businesses turnaround.In 2014, the Reserve ...
By Staff reporter | Published: 22 June 2018
MOBILE telecommunications giant NetOne is set to secure a $71 million loan facility from China Exim Bank for the upgrading of its infrastructure within the next three months, an official said.NetOne c...
By Staff reporter | Published: 10 June 2018
Zimbabwe has concluded a $1.4bn agreement with the Export-Import Bank of China (Exim Bank) to expand power generation and help alleviate the country's perennial electricity shortages.According to a s...
By Staff reporter | Published: 04 June 2018
Zimbabwe's state-owned mobile operator NetOne is to expand its network in rural areas with the help of a $71 million loan from China.The company, which is a subsidiary of fixed-line incumbent TelOne, ...
By Staff reporter | Published: 29 May 2018
THE African Development Bank (AfDB) is co-ordinating negotiations between Zimbabwe and various international financial institutions (IFIs) for Harare to settle its US$12 billion foreign debt. Though A...
By Staff reporter | Published: 24 May 2018
State-owned mobile operator NetOne is close to securing the release of the $71 million loan facility from China Exim Bank to construct and upgrade base stations countrywide.Speaking at the sidelines o...
By Staff reporter | Published: 22 May 2018
THE US$100 million given to Zimbabwe by the United Kingdom reduces demand for foreign currency from the Reserve Bank of Zimbabwe (RBZ)by private firms and the savings will go a long way in easing cash...
By Staff reporter | Published: 22 May 2018
President Mnangagwa yesterday said disbursement of the $100 million loan facility availed by Britain and the Standard Chartered Bank had started and banks were among the first beneficiaries as Governm...
By Staff reporter | Published: 19 May 2018
THE African Development Bank (AfDB) says it is ready to extend up to US$50 million in loans this year to Zimbabwe's private sector amid ongoing negotiations with the government to settle its US$600 mi...
By Staff reporter | Published: 18 May 2018
The opposition politicians must know what to oppose and what to support unless if they want to lose respect in the eyes of the citizens.The Tendai Biti attack on the $100M private sector loan to Zimba...
By Hopewell Chin'ono | Published: 18 May 2018
Zimbabwe export-earning sectors have so far accessed loans worth at least US$100 million from a central bank facility aimed at reviving productive sectors of the economy.The uptake of a Reserve Bank o...
By Staff reporter | Published: 16 May 2018
Zimbabwe's financial sector will soon revive long-term loans for the industry as the central bank is finalising affordable offshore credit line facilities with regional and global banks. &n...
By Staff reporter | Published: 14 May 2018
THE High Court has ordered Labour and Social Welfare minister Petronella Kagonye to settle her $400 000 debt at CBZ Bank or risk attachment of property she surrendered as surety for the loan facility....
By Staff reporter | Published: 09 May 2018
Concern over Masvingo black market 
Kenya declares three days of mourning for Mugabe 
UK's Boris Johnson quits over Brexit stretegy 
SecZim licences VFEX 
Zimbabwe abandons debt relief initiative 
European Investment Bank warms up to Zimbabwe 
Young Investment Professional (YIP) Graduate Programme 2019 
Young Investment Professional (YIP) Graduate Programme 2019
