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Zimbabwe banks reduce lending as crisis persists

Zimbabwe's banking sector is facing significant challenges that have limited its ability to lend, according to the Bankers Association of Zimbabwe (BAZ). Key issues include the absence of a lender-of-last-resort for US dollar transactions …

Published: 06 Sep 2024 at 14:41hrs | 236 | by Staff reporter

Interest rate hike haunts black market kingpins

Interventions by the Reserve Bank of Zimbabwe (RBZ) to stem prolonged currency battering have sent black market rates tumbling by over 50 percentage points within a month, Inter Horizon Securities (IH) has said, but cautioned against early…

Published: 16 Aug 2022 at 06:40hrs | 2 | by Staff reporter

Mthuli Ncube could hike rates over 50% to deal with speculators

Zimbabwe won't hesitate to raise interest rates above their current level of 50 percent to deal with speculative borrowers, Finance Minister Mthuli Ncube said on Monday.As inflation soared, the government hiked the overnight interest rate …

Published: 10 Jul 2019 at 21:57hrs | 4 | by Reuters

Value the national interest

Since the days of the French thinker, Niccolo Machiavelli, the primacy of the national interest has always formed the basis of foreign policy, and has been the foundation of every country's strength or weakness. I live in Australia, a coun…

Published: 08 Apr 2019 at 06:39hrs | 6 | by Reason Wafawarova

Should Mnangagwa declare interests?

Political analysts have said it would be suicidal for Vice President Emmerson Mnangagwa to come clean on his mooted presidential ambitions despite growing calls by his supporters who feel his silence is fuelling the factional and successio…

Published: 30 Jan 2017 at 16:37hrs | 1 | by Maxwell Sibanda

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Search / Interest

Zimbabwe banks reduce lending as crisis persists

Interest rate hike haunts black market kingpins

Mthuli Ncube could hike rates over 50% to deal with speculators

Value the national interest

Should Mnangagwa declare interests?

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