BUSINESS NEWS

International remittances recipients to get forex

Recipients of international remittances will continue receiving money in hard currency following the abolishment of multi-currency system or can be paid in local currency at a prevailing official exch...

By Staff reporter | Published: 27 June 2019
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BUSINESS NEWS

Diasporans remit $120 million

THE Reserve Bank of Zimbabwe (RBZ) has received US$120 million in diaspora remittances in the two months to February 2018 as monthly inflows now average US$60 million.Last month, the RBZ outlined a th...

By Staff reporter | Published: 16 March 2018
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BUSINESS NEWS

52% of Diasporans send remittances

MORE than half of emigrants sent remittances to their families in Zimbabwe, a new survey by the Zimbabwe National Statistics Agency (Zimstat) has shown.According to its Inter-Censal Demographic Survey...

By Staff reporter | Published: 23 January 2018
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BUSINESS NEWS

Zim diaspora remittances overtake FDIs

Zimbabweans in the diaspora have realised the need to invest back their funds following a 40 percent increase in remittances which have overtaken foreign direct investments (FDI) during the first half...

By Staff reporter | Published: 13 August 2017
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BUSINESS NEWS

RBZ increases Diaspora remittances incentive

THE Reserve Bank of Zimbabwe (RBZ) has increased incentives for Diaspora remittances from three percent to 10 percent effective August 1, 2017 to encourage channelling of remittances through formal ch...

By Staff reporter | Published: 04 August 2017
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BUSINESS NEWS

Matabeleland South gets highest foreign remittances

MATABELELAND provinces received the highest amount in diaspora remittances last year, new figures show.Matabeleland South came top accounting for 31,4 percent followed by Matabeleland North which acco...

By Staff reporter | Published: 01 August 2017
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BUSINESS NEWS

Zimbabwe to develop 5-year Diaspora remittances plan

GOVERNMENT seeks to develop a five-year Diaspora plan aimed at promoting remittances in line with the diaspora policy adopted last year.Secretary for Economic Planning and Investment Promotion Judith ...

By Staff reporter | Published: 07 July 2017
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FINANCIAL SERVICES

RBZ relaxes foreign remittances controls

The Reserve Bank of Zimbabwe (RBZ) is set to introduce relaxed controls on international remittances by April this year, as part of its measures to boost inflows and ease liquidity constraints.John Ma...

By Staff reporter | Published: 07 June 2015
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BUSINESS NEWS

RBZ relaxes foreign remittances controls

The Reserve Bank of Zimbabwe (RBZ) is set to introduce relaxed controls on international remittances by April this year, as part of its measures to boost inflows and ease liquidity constraints.John Ma...

By Staff reporter | Published: 16 February 2015
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BUSINESS NEWS

Diaspora remittances key source of funds

THE country can benefit from remittances from Zimbabweans abroad as they have become a key source of funds, the Permanent Secretary in the Ministry of Finance and Economic Development, Willard Manungo...

By Sithandazile Moyo | Published: 30 May 2014
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FINANCIAL SERVICES

Zim remittances from the diaspora drops

INTERNATIONAL money transfers received by money transfer agencies (MTAs) and formal banking channels declined by 15% to $1,8 billion last year due to a rise in remittances sent via informal channels.P...

By Staff reporter | Published: 04 February 2014
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BUSINESS NEWS

ZBC pension remittances ceased in 2009

ZBC has not been remitting employee pension contributions since the introduction of multiple currencies in 2009. ZBC's pensions are administered by Old Mutual.A former employee of the broadcaster, And...

By Staff reporter | Published: 31 January 2014
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