The European Investment Bank (EIB) has availed about €40m to Zimbabwe banks within a year, which will go towards bailing out the country's SMEs and mid-cap companies, in a vote of confidence in the ...
By Staff reporter | Published: 02 June 2022
AS THE country's economic rot continues to deepen, police are warning the public about a sharp increase in crime relating to bank cards. This comes as Zimbabwe continues to experience serious shortage...
By Staff reporter | Published: 29 October 2019
The Reserve Bank of Zimbabwe released its monthly economic review documents for July 2019. The publication gives a general overview of a wide range economic statistics. The monetary statistics are a k...
By Staff reporter | Published: 18 October 2019
RESERVE Bank of Zimbabwe (RBZ) deputy governor Jesimen Chipika has urged banks to focus on savings deposits in order to enhance financial support to the productive sectors.Productive sectors of agricu...
By Staff reporter | Published: 18 October 2019
THE upcoming Pensions and Provident Fund Bill will allow pension funds to invest up to 20% of their assets in offshore markets, but the regulator says this is subject to the fulfilment of local obliga...
By Staff reporter | Published: 11 October 2019
A MAKOKOBA resident was on Monday defrauded of $26 612,97 by suspected cyber criminals after they allegedly hacked his bank account by sending text messages instructing him to punch a code which gave ...
By Staff reporter | Published: 10 October 2019
THE Reserve Bank of Zimbabwe (RBZ) yesterday returned to the market with a fifth batch of treasury bills (TBs), seeking to raise ZWL$150 million to finance Government programmes. Last week, RBZ was on...
By Staff reporter | Published: 10 October 2019
AGRIBANK employees are demanding interbank rated salaries as they decry current earnings which have been eroded by ravaging inflation.Agitated workers at the banking institution have rejected a recent...
By Staff reporter | Published: 07 October 2019
Bureaux de Change are not allowed to transact with corporates or enter into twining arrangements with customers to prefund foreign currency purchases, according to a directive from the Reserve Bank of...
By Staff reporter | Published: 05 October 2019
Morgan & Co, a securities firm yesterday launched a research app that offers interaction between the capital markets and investors.The Morgan & Co Research App is meant to simplify the investm...
By Staff reporter | Published: 05 October 2019
THE Reserve Bank of Zimbabwe (RBZ) yesterday returned to the market with a fourth batch of treasury bills (TBs), this time seeking to raise ZWL$300 million to finance Government programmes. The latest...
By Staff reporter | Published: 04 October 2019
Local Industries claim they are yet to realise the benefits of the recently introduced interbank foreign currency market, as they continue to struggle accessing hard currency. The interbank market was...
By Staff reporter | Published: 04 October 2019
INSURER, Zimnat, says it has received exchange control permission to invest policyholder's funds contributed in foreign currency in offshore financial markets. The exchange control approval relates to...
By Staff reporter | Published: 04 October 2019
The Insurance and Pensions Commission (IPEC) made a statement on the forward going policy for foreign currency dominated insurance policies. The development comes in the midst of a growing confi...
By Staff reporter | Published: 02 October 2019
ZIMBABWE'S largest financial services group CBZ Holdings Limited recorded a 301% increase in profit-after-tax to ZWL$137,4 million in the six months ended June 30, 2019 from a comparative 2018 of ZWL$...
By Staff reporter | Published: 01 October 2019
FINANCIAL Services giant ABC Holdings Limited has conceded that currency reforms are yet to yield results as the country continues to witness heavy devaluation of the local currency and hyperinflation...
By Staff reporter | Published: 01 October 2019
THE Reserve Bank of Zimbabwe (RBZ) said on Friday it got offers four times more than the $100 million it sought to raise through treasury bills (TBs), signalling high investor appetite in the instrume...
By New Ziana | Published: 30 September 2019
THE National Building Society (NBS) says it has applied strict cost repression measures in order to contain the effects of inflation.Zimbabwe's inflation rate has been on the rise and quickened furthe...
By Staff reporter | Published: 28 September 2019
Global Credit Rating (GCR) has revised Zimnat General Insurance's national scale financial strength rating to A+(zw) Stable Outlook, from its previous rating of A-(zw).The financial strength rating (f...
By Staff reporter | Published: 27 September 2019
Old Mutual Zimbabwe Group says it was not involved in buying foreign currency on the local foreign currency markets, in view of significant cash outflows that was notable during the half-year to June ...
By Staff reporter | Published: 27 September 2019
The value of the Zimbabwe dollar yesterday plunged against the United States dollar after stabilising at the weekend following the Reserve Bank of Zimbabwe (RBZ)'s decision to freeze bank accounts of ...
By Staff reporter | Published: 27 September 2019
In the absence of an international bailout package, the Reserve Bank of Zimbabwe has presented a monetary policy statement strongly focused on domestic resource mobilisation aimed at reviving the prod...
By Staff reporter | Published: 23 September 2019
Insurance giant Old Mutual Zimbabwe released its financial results for the half year ended 30 June 2019. The headline figure was the 671% growth in profit before tax to $509.2 million while operating ...
By Staff reporter | Published: 23 September 2019
The Zimbabwe Asset Management Company (ZAMCO) is now looking at disposing its 57.4% stake in Star Africa.The sugar manufacturer, is among some of the companies that were on the verge of collapse becau...
By Staff reporter | Published: 23 September 2019
About US$645 million has been traded on the interbank market since the platform was established in February this year, Reserve Bank of Zimbabwe (RBZ) governor Dr John Mangudya has said. "As at the end...
By Staff reporter | Published: 09 July 2019
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
