ZIMBABWE'S retail sector is seen picking up in the short-term as consumer spending is expected to firm up following Treasury's timely payment of bonuses for civil servants this year.Government, for th...
By Staff reporter | Published: 06 December 2018
Resources group, RioZim, has sued the central bank to force it to pay over $92 million it claims is owed dating back to 2016 in a case that highlights the acute dollar shortages blighting the southern...
By Staff reporter | Published: 22 November 2018
A NUMBER of financial institutions in Zimbabwe have discontinued manual real-time gross settlement (RTGS) payments, as they go paperless, banking on increasing their efficiencies.Some of these banks i...
By Staff reporter | Published: 22 May 2018
ZIMBABWE'S foreign payments backlog has risen to over $600 million from $570 million in September last year, central bank governor John Mangudya has said.The governor dismissed assertions from pockets...
By Staff reporter | Published: 17 May 2018
ZIMSWITCH is in final stages to introduce an electronic transacting system for bulk payments to relieve pressure on the Real Time Gross Settlement (RTGS) system.Zimswitch deputy general manager Zabron...
By Staff reporter | Published: 08 May 2018
Transactions that passed through the Real Time Gross Settlement (RTGS) systems in the week to March 29, 2018 were down 14 percent to close the week at $1,5 billion from $1,7 million, official data sho...
By Staff reporter | Published: 24 April 2018
Tobacco farmers are complaining over delays in the processing of their payments at the auction floors in Harare, resulting in most of them spending days camped at the floors.They said their cheques we...
By Staff reporter | Published: 13 April 2018
The value of transactions processed through the National Payment System (NPS) for the week ending March 9 declined to $1,83 billion from $1,93 billion the previous week due to a decline in electronic ...
By Staff reporter | Published: 04 April 2018
Cash is a crisis in Zimbabwe. Depending on where you stand on the digital financial inclusion discussion, this could be a great opportunity or a great inconvenience. One thing that cannot be con...
By Staff reporter | Published: 07 March 2018
THE Reserve Bank of Zimbabwe through its arm, Fidelity Printers and Refiners (FPR) has increased its payments for gold deliveries in United States dollars from 60 to 70 percent as part of efforts to c...
By Staff reporter | Published: 14 January 2018
Mobile payments and point of sale transactions have surged by a significant margin compared to last year as business embrace the use of plastic money.Burdened by a liquidity challenge that has stretch...
By Staff reporter | Published: 02 December 2017
ETHIOPIAN Airlines, Africa's largest airline group, in partnership with Flocash, a leading Pan-African provider of electronic payment services has enabled online mobile payments on its website to allo...
By Staff reporter | Published: 21 September 2017
ZIMBABWE'S international payments backlog has surged by over 200 percent to $570 million, from $186 million in May, central bank governor John Mangudya has said, as the country's foreign exchange shor...
By Staff reporter | Published: 14 September 2017
THE Reserve Bank of Zimbabwe and ZESA Holdings have agreed that between $5 million and $10 million per week will be paid towards servicing debt arrears to South Africa's power utility, Eskom, and Hydr...
By Staff reporter | Published: 31 August 2017
The total value of transactions processed through the National Payment System (NPS) decreased 33,3 percent to $1,2 billion in the week to August 18, from $1,6 billion in the previous week, as Real Tim...
By Staff reporter | Published: 29 August 2017
THE Grain Millers Association of Zimbabwe might stop paying farmers for maize produced under Command Agriculture if Government insists on fortification implementation. GMAZ has a standing agreement wi...
By Staff reporter | Published: 23 August 2017
THE Reserve Bank of Zimbabwe (RBZ) has begun allocating foreign currency for remittance of cash from ticket sales by international airlines, which have been failing to repatriate payments due to forei...
By Staff reporter | Published: 03 August 2017
A number of banks are demanding the elusive United States dollar and an extra commission to process DStv subscriptions for locals as more plastic money payment avenues are being closed, sidelining a n...
By Staff reporter | Published: 30 July 2017
ZIMBABWE'S Steward Bank has suspended payments to the pay-TV subsidiary of South Africa's Naspers, citing unavailability of foreign currency, in a sign that dollar shortages are worsening in the south...
By Staff reporter | Published: 13 July 2017
The Reserve Bank of Zimbabwe (RBZ) is negotiating with creditors in an effort to reduce and find ways to pay off its staggering $1,35 billion debt.John Mangudya, the RBZ governor, told Parliament this...
By Staff reporter | Published: 07 June 2015
Mobile and internet based transactions have for the first time surpassed card payments after registering a 28.3% growth in the month of May as more account holders turn to the convenience of mobile ba...
By Business reporter | Published: 19 July 2013
Central bank governor believes country could lose access to global payments platforms and external lines of credit if the indigenisation of foreign-owned banks is forced through.Gideon Gono, the Rese...
By Staff reporter | Published: 10 June 2013
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
