Industry and Commerce deputy minister Raj Modi says business should uphold ethical standards and repay borrowed funds.Modi was speaking to captains of industry during the CZI/ZITF Buyers-Sellers Forum...
By Staff reporter | Published: 26 April 2019
GetBucks Microfinance Bank CE Terrence Mudangwe says the financial institution is treading cautiously in the issuance of mortgage loans, given the nature of its assets on the market, but is leveraging...
By Staff reporter | Published: 07 December 2018
The Zimbabwe Asset Management Company (Zamco) will allow an eight-year moratorium on all restructured non-performing loans (NPLs) before the central bank's bad loans cleansing special purpose vehicle ...
By Staff reporter | Published: 17 September 2018
MICRO-financial institutions (MFIs) disbursed $87,3 million in loans by the end of June, a huge jump from the previous quarter where they doled out $56 million.As at the end of March 2018, the loans w...
By Staff reporter | Published: 09 September 2018
PRESIDENT Emmerson Mnangagwa yesterday said youths that will access loans from EmpowerBank must develop a culture of honouring their obligations, adding that the high default rate recorded under the Y...
By Staff reporter | Published: 06 July 2018
THE Reserve Bank of Zimbabwe (RBZ) has managed to secure $1,3 billion offshore loans through the African Export-Import Bank (Afreximbank) and Trafigura to support production and promote exports, an of...
By Staff reporter | Published: 05 July 2018
THE Zimbabwe Asset Management Company has since its establishment absorbed $1 billion Non-Performing Loans (NPLs) at banks for various companies to help the businesses turnaround.In 2014, the Reserve ...
By Staff reporter | Published: 22 June 2018
THE African Development Bank (AfDB) is co-ordinating negotiations between Zimbabwe and various international financial institutions (IFIs) for Harare to settle its US$12 billion foreign debt. Though A...
By Staff reporter | Published: 24 May 2018
Zimbabwe export-earning sectors have so far accessed loans worth at least US$100 million from a central bank facility aimed at reviving productive sectors of the economy.The uptake of a Reserve Bank o...
By Staff reporter | Published: 16 May 2018
Zimbabwe's financial sector will soon revive long-term loans for the industry as the central bank is finalising affordable offshore credit line facilities with regional and global banks. &n...
By Staff reporter | Published: 14 May 2018
Zimbabwe Asset Management Corporation says it has surpassed its target for its first year on Non-Performing Loans resolution with a total $159 million worth of NPL having been fully re-paid as at Marc...
By Staff reporter | Published: 20 April 2018
AGRIBANK has set aside a minimum of $105 million for the 2018-2019 cropping season, which would be extended to farmers on the basis of collateral and 99-year leases.It becomes the first bank to announ...
By Staff reporter | Published: 02 April 2018
STANBIC Bank Zimbabwe is offering 50 percent home equity loans that allow home owners to move from one level of financial freedom to another.This comes as financial institutions are creating financing...
By Staff reporter | Published: 29 March 2018
ZIMBABWE's largest banking group, CBZ Holdings, will this year avail an additional $10 million loan facility to Small and Medium Enterprises (SMEs) as it seeks to consolidate its support to one of the...
By Staff reporter | Published: 23 March 2018
Zimbabwe's largest banking group by assets and deposits, CBZ Holdings Limited says repayment of loans by small to medium enterprises has been encouraging at 95 percent. This has prompted the financial...
By Staff reporter | Published: 22 March 2018
Nedbank Zimbabwe, a unit of South Africa's Nedbank group will not be venturing into housing development like other local financial institutions but will rather focus on providing financial instruments...
By Staff reporter | Published: 20 March 2018
ZIMBABWEAN government's red tape and failure to adhere to loans repayments is impacting negatively on some of the "mega deals" signed in key economic areas between Zimbabwe and China.Zimbabwe Independ...
By Staff reporter | Published: 16 March 2018
Gweru-based property developer, TM Holdings, is now offering instant loans to people who are formally employed. The loans can be disbursed within 30 minutes of application. Chairperson of TM Group of ...
By Staff reporter | Published: 27 February 2018
The Reserve Bank of Zimbabwe (RBZ) is currently working with the banks to find ways of increasing long term cheaper financing to cushion companies, an official has said. Responding to questions from j...
By Staff reporter | Published: 15 February 2018
LOCAL banks have improved their support to the productive sectors advancing over 73 percent of their total loan book which stood at $3.80 billion last year.In the past, the banking sector loans and ad...
By Staff reporter | Published: 09 February 2018
THE Zimbabwe Association of Microfinance Institutions (Zamfi) has applauded its members' efforts to adhere to the Reserve Bank of Zimbabwe's calls to promote productive loans rather than consumer lend...
By Staff reporter | Published: 04 February 2018
THE Government has so far recovered $47,7 million of the loans it issued under Command Agriculture Revolving Fund, which translates to 66 percent of its target of $72 million, while 10 000 farmers are...
By Staff reporter | Published: 11 December 2017
MICRO Finance Institutions (MFIs) in Manicaland have registered a reduction in the rate of non-performing loans due to tighter lending methods implemented by the sector following the reduction of inte...
By Staff reporter | Published: 19 October 2017
Zimbabwe's leading housing financiers provided mortgages worth $45 million during the first half of 2017 with the bulk of the advances financing new units. The Zimbabwe Association for Housing Finance...
By Staff reporter | Published: 03 October 2017
A CHINESE company, Tian Ze Tobacco has since 2005 invested about $100 million in Zimbabwe's agricultural sector through providing interest-free loans to local farmers.Chinese Ambassador to Zimbabwe Mr...
By Staff reporter | Published: 14 September 2017
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
