FINANCIAL SERVICES

Zimbabwe amends Microfinance Act

Government has rolled out the new amendments to the Microfinance Act.This comes as government sought to create credit and collateral registries as well as encourage consolidation among small businesse...

By Staff reporter | Published: 02 January 2019
Facebook Tweet Google+

FINANCIAL SERVICES

First Money Microfinance launches Debit Card

First Money Microfinance Services (FMFS), a fintech with seven branches nationwide, has launched a debit card in partnership with StewardBank.The innovation called iSave debit card allows customers of...

By Staff reporter | Published: 11 September 2018
Facebook Tweet Google+

FINANCIAL SERVICES

Microfinance industry confidence levels rise

ZIMBABWE'S microfinance industry appears to be gaining public confidence if latest statistics are anything to go by.Despite being blemished by a culture of usurious interest rates and repossession of ...

By Staff reporter | Published: 11 September 2017
Facebook Tweet Google+

FINANCIAL SERVICES

Zimbabwe licenses first Microfinance Bank

Zimbabwe's first ever microfinance bank (MFB) will soon open its doors to the public after it was licensed to operate by the Reserve Bank mid-last month, an official has said.The microfinance bank, na...

By New Ziana | Published: 16 February 2015
Facebook Tweet Google+

FINANCIAL SERVICES

Microfinance wholesale facility disbursed $2.5m

The Zimbabwe Microfinance Wholesale Facility has disbursed loans worth at least $2,5 million to Micro Finance Institutions for on-lending to small businesses and the economically active poor since i...

By New Ziana | Published: 19 September 2013
Facebook Tweet Google+

BUSINESS NEWS

RBZ to raise minimum capital requirements for microfinance institutions

THE Reserve Bank of Zimbabwe plans to raise minimum capital requirements for microfinance institutions from the present US$25 000 to US$5 million as part of a cocktail of measures the central bank sa...

By Staff Reporter | Published: 10 June 2013
Facebook Tweet Google+
Pages:
1
Business Daily Zimbabwe

Latest News

  1. 1 Mnangagwa stuffs cabinet with family, loyalists
  2. 2 Protesters plan Beitbridge Border Post shutdown
  3. 3 Zimdollar future hangs in the balance
  4. 4 Dutch firm blocked from purchasing Astra Industries parent company
  5. 5 David Coltart elected Bulawayo mayor
  6. 6 NRZ targets US$1m from property leases
  7. 7 Zimbabwe's new MPs to declare assets
  8. 8 Ian Makone elected Harare mayor
  9. 9 Varun Beverages in expansion drive
  10. 10 IDBZ resolute in supporting NDS1

Latest Published Reports

Latest jobs