FINANCIAL SERVICES

European Investment Bank warms up to Zimbabwe

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

ZIMBABWE

Zimbabwe abandons debt relief initiative

The Zimbabwe government has abandoned its plan to access a debt relief facility under the Highly Indebted Poor Countries (HIPC) initiative, meant to resolve its unsustainable debt, Business Times repo...

By Staff reporter | Published: 02 June 2022

BUSINESS NEWS

'US ban hurts Marange diamonds'

The Zimbabwe Consolidated Diamond Company (ZCDC) yesterday said the decision by the United States to issue a withhold release order (WRO) for artisanal rough cut diamonds from Marange was impacting ne...

By Staff reporter | Published: 07 November 2019

FINANCIAL SERVICES

Bank cards crime soars

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

POLITICS

Defiant MDC dismisses demo ban

A DEFIANT MDC says it has complied with the law and the ZRP has no right to ban their demonstration set for Thursday.The country's biggest opposition party recently notified police of its intention to...

By Staff reporter | Published: 22 October 2019

FINANCIAL SERVICES

'Banks should focus on savings deposits'

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

SOCCER

Bosso express gratitude to Ezra Tshisa Sibanda

HIGHLANDERS chairperson Kenneth Mhlophe has praised United Kingdom-based radio personality Ezra "Tshisa" Sibanda for his crowd-funding efforts to help the Bulawayo giants. While the Daily News could n...

By Staff reporter | Published: 17 October 2019

FINANCIAL SERVICES

Agribank workers seek US$-indexed salaries

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

POLITICS

Chiwenga bans wife from hospital

Vice President Constantino Chiwenga has purged some of his security aides and banned his wife from visiting him, ZimLive reported.Chiwenga, hospitalised in China over suspected poisoning, ordered his ...

By Staff reporter | Published: 06 October 2019

SOCCER

Fifa declines to endorse Chiyangwa, Sibanda bans

WORLD football governing body, Fifa has urged Zifa to reconsider the life bans imposed on former president, Phillip Chiyangwa and former Vice-President, Omega Sibanda.Fifa revealed they had received c...

By Staff reporter | Published: 06 October 2019

FINANCIAL SERVICES

Zimbabwe's interbank market needs refinement

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

BUSINESS NEWS

Zimbabwe Reserve Bank bans mobile money agencies

In what analysts have described as a major blow to the advent of mobile money and financial inclusion, the Zimbabwean central bank has banned mobile money agencies from facilitating cash withdrawals o...

By Staff reporter | Published: 30 September 2019

BUSINESS NEWS

RBZ bans Cash In and Out with immediate effect

The Reserve Bank of Zimbabwe has directed mobile payment system providers and merchants to discontinue cash in and cash out with immediate effect while it has also directed economic agents to disconti...

By Staff reporter | Published: 30 September 2019

BUSINESS NEWS

Bureaux de change align rate to interbank

Government, through the Reserve Bank of Zimbabwe (RBZ), has moved to refine the operations of bureaux de changes to align their foreign currency exchange rate with that of the official interbank marke...

By Staff reporter | Published: 24 September 2019

BUSINESS NEWS

Zimbabwe banks ditch Paynet, test own system

Relations between banks and bulk electronic payments service provider, Paynet Zimbabwe, may have irretrievably broken amid revelations that the banks are on the verge of testing an alternative system....

By Staff reporter | Published: 12 July 2019

BUSINESS NEWS

Mnangagwa travels bankrupting Zimbabwe

PRESIDENT Emmerson Mnangagwa could have blown in excess of US$200 million in travelling expenses since he came into power in November 2017, former Finance minister Tendai Biti has said.Mnangagwa, who ...

By Staff reporter | Published: 09 July 2019

INDUSTRIALS & ENERGY

Drilling to begin next year in Muzarabani

ONE Gas Resources, the exploration partner of Invictus Energy Ltd in Zimbabwe's Muzarabani district, expects drilling to begin in the second half of next year, targeting an estimated 1.3 billion barre...

By Bloomberg | Published: 09 July 2019

SOCCER

Mnangagwa, DRC's Tshisekedi in Afcon banter

PRESIDENT Mnangagwa took time to discuss football matters on the sidelines of the 12th extraordinary AU summit on free trade areas and was involved in a banter with DR Congo President Félix Tshiseked...

By Staff reporter | Published: 09 July 2019

FINANCIAL SERVICES

US$645m traded on interbank market

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

BUSINESS NEWS

'Multi-currency ban averted catastrophe'

ZIMBABWE'S shock move to abolish the multi-currency system last week helped the country avoid a potential "catastrophe", businessman Shingi Munyeza has said. The southern African country last week gaz...

By Staff reporter | Published: 05 July 2019

BUSINESS NEWS

Paynet suing Zimbabwe banks for US$100m

Payserv Africa Limited and Paynet Zimbabwe Private Limited have commenced legal action against the Bankers Association of Zimbabwe (BAZ) for anti-competitive practices.The company is seeking damages o...

By Staff reporter | Published: 05 July 2019

FINANCIAL SERVICES

Steward PAT up 42% on non-funded income

STEWARD Bank recorded a 42% increase in profit-after-tax to ZWL$31,9 million in the year ended February 28, 2019 from ZWL$22,5m recorded in the previous year, driven by growth in non-interest income.D...

By Staff reporter | Published: 04 July 2019

FINANCIAL SERVICES

Residents slam poor banks service delivery

BULAWAYO residents are complaining about poor service delivery at banks in the city when changing their foreign currency into local currency. The residents said they are made to wait for long hours be...

By Staff reporter | Published: 04 July 2019

FINANCIAL SERVICES

Interbank rate overtakes black market

THE interbank exchange rate has surpassed parallel market rates with some banks offering more in local currency for those exchanging their foreign currency. Government last week outlawed the use of mu...

By Staff reporter | Published: 03 July 2019

FINANCIAL SERVICES

Zimbabwe banks paying more than the black market rates

THE interbank market exchange rates have registered increases with most banks are now paying more than the parallel market rate.NewZimbabwe.com says it's market assessment shows that the once thriving...

By newzimbabwe | Published: 02 July 2019
Pages:
1
2
3
4
5
6
7
8
9
...

Latest News

Latest Published Reports

Latest jobs