Government has gazetted a statutory instrument which directs that all classes of deposits in the banking system, should be indexed to treasury bill yields as part of efforts to promote fair compensati...
By Staff reporter | Published: 13 March 2020
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
Commercial banks deposits rose by 25% to $8 billion in the first 10 months of last year, data from the central bank has shown.According to the Reserve Bank of Zimbabwe (RBZ)'s monthly review of Octobe...
By Staff reporter | Published: 30 January 2019
NEDBANK Zimbabwe is one of the country's top banks with an impressive cost of funds ratio of less than 1%, which reflects a high level of confidence in attracting deposits.The bank rebranded from MBCA...
By Staff reporter | Published: 14 September 2018
BANKERS Association of Zimbabwe (BAZ) vice-president Benefit Washaya says banks were still to decide whether they should continue importing cash to distribute to the depositors considering that the mo...
By Staff reporter | Published: 05 July 2018
RICH diamond deposits have been discovered in Marondera West, with government saying it would only start mining operations after crafting a new diamond law in August.President Emmerson Mnangagwa confi...
By Staff reporter | Published: 13 June 2018
Government has started exploration of limestone deposits in Zvishavane which have the potential to generate millions of dollars for the country.Mines and Mining Development Minister Winston Chitando s...
By Staff reporter | Published: 13 June 2018
THE Ministry of Mines and Mining Development has started exploration of limestone deposits on the outskirts of Zvishavane, which have the potential to generate millions of dollars in revenue for the c...
By Staff reporter | Published: 06 June 2018
Atlas Mara Zimbabwean unit, BancABC, has reported more than $50 million in deposit capture in the southern African country for the year ended December 31, 2017 on the back of a strong agency banking p...
By Staff reporter | Published: 26 April 2018
The Reserve Bank of Zimbabwe (RBZ) has frozen a US$1 million deposit held by a local bank amid suspicions it could be proceeds from an illegal gold deal involving 27 kilogrammes of bullion exported by...
By Staff reporter | Published: 13 April 2018
STANBIC Bank Zimbabwe has exceeded $1 billion deposits in the financial year ended December 31, 2017.The bank's customers are, however, struggling to settle foreign payments as a result of foreign cur...
By Staff reporter | Published: 03 April 2018
A total of 11,744 out of 54,909 depositors of six collapsed banks have each been compensated up to $500 from the Deposit Protection Fund.Official data seen by the ZBC News today indicate the depositor...
By Staff reporter | Published: 14 February 2018
STANDARD Chartered Bank has riled its depositors after taking long to integrate its system with Ecocash, to enable them to transact with others who do not have formal bank accounts.Ecocash is Econet W...
By Staff reporter | Published: 01 February 2018
The number of people making bank deposits has increased significantly in the past three weeks, President Emmerson Mnangagwa has said.The Head of State and Government said a banking culture is importan...
By Staff reporter | Published: 16 January 2018
Finance Minister Patrick Chinamasa has said the banking sector deposits has maintained an upward trajectory, increasing by 17.1%, from US$6.51 billion as at end December 2016, to US$7.62 billion as at...
By Staff reporter | Published: 07 December 2017
THE People's Own Savings Bank (POSB) has survived the hard economic conditions in the country and its depositors have risen to 600 000 in the last three years.This was revealed by the bank's public re...
By Staff reporter | Published: 19 September 2017
NON-EXPORTING depositors have no right to demand foreign currency from local banks because they are not generating any, Barclays Bank of Zimbabwe (Barclays) chief executive officer, George Guvamatanga...
By Staff reporter | Published: 07 September 2017
THE country's broad money supply continues to be dominated by short-term deposits, a factor that constrains the local financial services sector's capacity to lend to critical sectors of the economy on...
By Staff reporter | Published: 16 August 2017
COMMERCIAL banks held just $65 million physical cash foreign currency, bond notes and coins at the end of May, central bank data shows, highlighting a mounting cash crisis that has wracked the economy...
By Staff reporter | Published: 27 July 2017
TOTAL banking deposits have marginally improved to $4,82 billion as of March 31, 2014 from $4,73 billion last year, the Reserve Bank of Zimbabwe has said.In a report for the quarter ending March 31, 2...
By Oliver Kazunga | Published: 02 July 2014
Chengetedzai Depository is expected to launch the nation's first central securities depository (CSD) this month following the firm's commencement of opening accounts with stock brokers and custodians....
By Staff reporter | Published: 16 June 2014
DEPOSITORS are currently struggling to retrieve their money from a $15 million black hole created after the collapse of three banks - Trust Banking Corporation, Genesis Investment Bank and Royal Bank....
By Business Reporter | Published: 16 June 2014
New rich gold deposits were recently discovered by artisanal miners in Nyanga. Mines commissioner for Manicaland Province Mr Agripa Chimusasa said in an interview last week that the discovery of new ...
By Staff reporter | Published: 26 May 2014
Zimbabwe is exploring for new mineral deposits as the hard pressed government seeks to raise cash from the country's vast resources. Mines minister Walter Chidhakwa said new deposits would be used for...
By Staff reporter | Published: 08 May 2014
THE disparity between lending and deposit rates in Zimbabwe is widening, dampening the already weak savings culture in the country and its economic recovery, the African Development Bank (AfDB) said.I...
By Staff reporter | Published: 17 April 2014
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
