MFIs lending skewed towards consumption

MICROFINANCE institutions (MFIs) lent $50,5 million for consumptive purposes in the nine months to September, representing a third of the industry's loans in issue.Zimbabwe has a thriving MFI sector, ...

By Staff reporter | Published: 19 December 2018


Mthuli Ncube tells banks to relax lending policies

FINANCE Minister Mthuli Ncube has urged banks to relax their stringent lending requirements in order to improve access to financial services.Ncube was speaking at the Zimbabwe Independent's Banks and ...

By Staff reporter | Published: 07 December 2018


Ballooning RTGS indicate lack of lending

THE Reserve Bank of Zimbabwe says the ballooning Real Time Gross Settlement (RTGS) account balances are an indicator of lack of lending by mainstream banks to the productive sectors. Treasury has admi...

By Staff reporter | Published: 06 July 2018


Banks consider relaxing lending terms to women

Banks are focusing on increasing the uptake of financial products by women through reviewing lending terms and conditions for opening bank accounts.Information released at a women excel conference ind...

By Staff reporter | Published: 21 May 2018


Zimbabwe lending rates too high

ZIMBABWE's high cost of borrowing, which is much higher than in regional economies, is rendering the country's products uncompetitive, a Zimbabwe Economic Policy Analysis and Research Unit (ZEPARU) re...

By Staff reporter | Published: 10 May 2018


Lending rate restricted money market interest rates

Average interest rates for money market investments were restricted by bank lending rates that ranged from between six percent and 12 percent in 2017, Old Mutual Securities (Omsec) has said. In their ...

By Staff reporter | Published: 08 February 2018


Mortgage lending rates too steep

The country's mortgage lending rates are still too high, a scenario that is limiting the number of ordinary people who can access mortgage finance, an expert in the industry has said. Real Estate Inst...

By Staff reporter | Published: 09 January 2018


'Govt debt crowding out private lending'

The Zimbabwean banking sector is seen stagnating owing to a credit crunch with client loan growth projected to contract by 4% by year-end given the rate at which Zimbabwean banks are buying Treasury B...

By Staff reporter | Published: 25 November 2017


Lending firms cry foul

ZIMBABWE'S micro finance institutions say they risk collapse due to the "unreasonable" interest rates imposed by the central bank. Reserve Bank of Zimbabwe (RBZ) governor, John Mangudya, last year ord...

By Staff reporter | Published: 14 September 2017


Fuel blending to go up to 30%

THE government says plans are underway to increase mandatory blending levels of unleaded petrol with ethanol to E30 and beyond as part of measures to arrest energy costs.Responding to questions on gov...

By Prosper Ndlovu | Published: 23 June 2015


Zim banks cut lending to private sector

The slowdown in economic activity, largely typified by deflation has forced banks to take a cautious approach to lending by downsizing credit to the private sector, the Bankers Association (BAZ) has s...

By Staff reporter | Published: 13 May 2014


Lending, deposit rates gap widening

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


Bank lending to private sector falls

BANK lending to Zimbabwe's private firms contracted from an annual growth of 28,77 percent in February 2013 to 1,5 percent due to tighter credit policies resulting from rising non-performing loans and...

By Staff reporter | Published: 10 April 2014


NMB to pursue cautious lending

NMBZ group CE James Mushore told an analyst briefing yesterday that the group will be pursuing a cautious lending approach in 2014."We will be focusing more on growth sectors. Agriculture due to the g...

By Staff reporter | Published: 28 March 2014


France to resume lending to Zimbabwe

Direct government to government co-operation between France and  Zimbabwe will resume before the end of the year, French Ambassador to Zimbabwe, Laurent Delahousse has said.Delahousse told a Zimb...

By Staff reporter | Published: 18 March 2014


Chinamasa questions bank's lending cut

FINANCE and Economic Development Minister Patrick Chinamasa has summoned senior management of an international bank in the country to provide explanation on why the bank has drastically cut its lendin...

By Staff reporter | Published: 03 March 2014


EcoCash to start lending money

EcoCashSave account holders will soon be able to also borrow money, just like ordinary bank account holders. This is part of what will be called EcoCashCredit that Econet is planning to roll out earl...

By Staff reporter | Published: 25 November 2013


10% ethanol blending begins

The new mandatory 10 percent  blending of ethanol with petrol has started today (Tuesday) with experts assuring the motoring public that no damages will be experienced as the fuel is compatible t...

By Staff reporter | Published: 15 October 2013


Zim begins mandatory 10% blending

Zimbabwe will from Tuesday begin the mandatory 10% blending of country's fuel as the country moves to cut its fuel importation bill and use the money for other developmental projects, Energy and Power...

By Staff reporter | Published: 14 October 2013


Fuel dealers adopt mandatory blending

Fuel dealers have moved in to comply with the country's laws which stipulate that petrol sold locally should be blended with five percent ethanol.With the statutory instrument 17 of 2013 which compels...

By Staff reporter | Published: 10 October 2013


E20 petrol blending to become mandatory in Zim

Zimbabwe is working on introducing mandatory blending of petrol to the levels of E20 (a mixture of 80% petrol and 20% anhydrous ethanol), President Robert Mugabe has said.Speaking at the official ope...

By fin24 | Published: 18 September 2013


Green Fuel calls for 20% blending

Green Fuel is pleading with the government to consider introducing at least 20% mandatory ethanol-petrol blending to maximise national benefits from the $600 million investment at Chisumbanje and in t...

By Staff reporter | Published: 13 September 2013


Blending to reduce fuel import bill

THE proposed introduction of mandatory blending of ethanol (E5) and unleaded petrol is expected to reduce  the  fuel import  bill  by at least 5%, but some  motorists fear the...

By Business reporter | Published: 20 August 2013


Barclays to maintain a cautious lending regime

BARCLAYS Bank (Zimbabwe) has reiterated that it would maintain its cautious lending regime, as default rates in the sector continued to increase.Giving a trade update as the bank's Annual General mee...

By Staff reporter | Published: 04 July 2013


Banks adopt conservative lending as polls loom

Local banks are expected to adopt a cautious lending approach due to the high levels of non-performing loans and uncertain economic environment as the country gears for elections later this year, a l...

By Business reporter | Published: 10 June 2013

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