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Money laundering costs Zimbabwe US$6,5bn
Zimbabwe has lost an estimated US$6.15 billion to money laundering-related crimes over the past five years, with car dealerships, gold smuggling, and entrenched corruption networks topping the list of...Published: 22 Jul 2025 at 08:49hrs | 184 | by Staff reporter
ZB Bank secures US$5 million Afreximbank facility
ZB Bank Limited has secured a US$5 million loan facility from the African Export-Import Bank (Afreximbank), aimed at supporting small and medium enterprises (SMEs) in Zimbabwe, particularly those enga...Published: 30 Jun 2025 at 13:07hrs | 126 | by Staff reporter
Zimbabwe rebuilds correspondent banking ties
The Bankers Association of Zimbabwe (BAZ) has confirmed that some regional and niche international financial institutions have begun cautiously re-engaging with Zimbabwean banks, following the lifting...Published: 19 Jun 2025 at 07:10hrs | 171 | by Staff reporter
CABS renews US$40m facility to support the Zimbabwe economy
The Central Africa Building Society (CABS), a member of Old Mutual Zimbabwe, has reaffirmed its commitment to driving economic development and social impact across Zimbabwe, following the release of i...Published: 21 Apr 2025 at 09:03hrs | 274 | by Staff reporter
Afreximbank's $100 million Harare Trade Centre nears completion
African Export-Import Bank (Afreximbank) is set to transform Harare's skyline with the imminent completion of its US$100 million African Trade Centre, a landmark project that will serve as the Souther...Published: 12 Apr 2025 at 14:39hrs | 424 | by Staff reporter
NMBZ optimistic on ZiG inflation-easing impact
Listed financial services provider, NMBZ Holdings Limited, has expressed optimism about the inflation-easing impact of the new Zimbabwe Gold (ZiG) currency, following a 209% revenue increase in the fi...Published: 21 May 2024 at 08:27hrs | 2 | by Staff reporter
Zimbabwe: African Development Bank approves $25 million trade finance line of credit for Central Africa Building Society
The Board of Directors of the African Development Bank Group (www.AfDB.org/en) has approved a $25 million trade finance line of credit facility to the Central Africa Building Society of Zimbabwe, to b...Published: 20 Dec 2023 at 22:34hrs | 49 | by APO
'US$400m facility won't stabilise Zimbabwe economy'
OLD Mutual Investment Group (OMIG) says the US$400 million funding secured by the government from the African Export-Import Bank (Afreximbank) is insufficient to restore stability to the local currenc...Published: 19 Jul 2023 at 06:43hrs | 1 | by Staff reporter
Mnangagwa expected in Ghana
PRESIDENT MNANGAGWA is expected in Ghana today, where he will join continental and Caribbean leaders for the 30th African Export-Import Bank (Afreximbank) meetings.His participation symbolises...Published: 18 Jun 2023 at 08:32hrs | 2 | by Staff reporter
The economic impact of Zidera
No doubt there are many opinions and interpretations out there with regard to the issue of sanctions and I thought it's important to try and unpack the Zimbabwe Democracy and Economic Recovery Act (Zi...Published: 04 Nov 2022 at 05:34hrs | 2 | by Vince Musewe
Afreximbank Zimbabwe trade centre on cards
AFRICAN Export-Import Bank (Afreximbank) Bank has taken the first step to establish a trade centre in Zimbabwe which will cater for the southern African region.This comes at a time when the co...Published: 10 Sep 2022 at 06:22hrs | 2 | by Staff reporter
'Mnangagwa must not contest the 2023 presidential election'
ZIMBABWEAN President Emmerson Mnangagwa must regularise his illegitimate leadership position, but not contest the 2023 presidential election, as he would be a geriatric by then, prominent corporate ex...Published: 30 Oct 2021 at 15:06hrs | 8 | by Staff reporter
Chamisa's MDC needs to grow up if it wants to be electable
It is difficult to understand the MDC-A's continuous pressure to have the financial sanctions against Zimbabwe maintained, and what looks like a willingness to manufacture evidence of Government wrong...Published: 21 Oct 2021 at 06:19hrs | 1 | by Staff reporter
Time Bank offers to finance former farmers' compensation
Time Bank Zimbabwe Limited that is set to re-open its doors to the public on December 01 this year, has excited the market after unveiling four types of loan facilities among them a scheme for payment...Published: 14 Oct 2021 at 06:20hrs | 2 | by Staff reporter
IMF funds to power Zimbabwe's economic agenda
The US$961 million boost received from the International Monetary Fund (IMF) last week will give impetus to the country's economic programmes guided by the five-year National Development Strategy 1 (N...Published: 29 Aug 2021 at 07:07hrs | 2 | by Staff reporter
'Beitbridge project among top deals of the year'
The Global Trade Review, the global trade finance magazine, has named the US$296 million project to rebuild Beitbridge Border Post among its top 11 worldwide deals of the year.Global Trade Rev...Published: 28 May 2021 at 08:03hrs | 1 | by Staff reporter
Zela red-flags proposed constitutional amendments
THE Zimbabwe Environmental Law Association (Zela) has urged MPs to reject the recently gazetted Constitutional Amendment Bill No 2, saying the Bill seeks to strip them of the power to keep the Executi...Published: 21 Apr 2021 at 07:06hrs | 1 | by Staff reporter
Trade Fair moved to December
THE second edition of the Intra-African Trade Fair (IATF2021) has been rescheduled to December to allow for a wider roll-out of the Covid-19 vaccines across the continent. IATF, wh...Published: 25 Mar 2021 at 05:38hrs | | by Staff reporter
Mnangagwa mortgages Zimbabwe to Afreximbank
President Mnangagwa yesterday successfully negotiated a fresh financial package for Zimbabwe from the African Export-Import Bank (Afreximbank) after meeting the bank's chairperson, Professor Benedict ...Published: 30 Aug 2019 at 08:05hrs | | by Staff reporter
To publish or not to?
It’s common cause that if you choose not to tell your own story, someone will do it for you and sell to the whole world that which he wants it to believe about you, which leaves you at high risk of ...Published: 11 Aug 2019 at 07:25hrs | | by Persistence Gwanyanya
Sustaining the Zimdollar
I AM naturally enchanted by the logic, sequence and clarity of a thought process. But l have grown to learn that, quite often, economic plans are elaborately ornamented.The number of economies...Published: 09 Aug 2019 at 15:02hrs | 2 | by Persistence Gwanyanya
Mthuli Ncube, Mangudya should contend with being unpopular
Finance and Economic Development Minister Professor Mthuli Ncube on Thursday presented a $10,85 billion Supplementary Budget and the 2019 Mid-Term National Budget Review Statement. Themed; "Building a...Published: 03 Aug 2019 at 09:19hrs | 1 | by Staff reporter
Mnangagwa jets out
PRESIDENT Mnangagwa arrived here yesterday to join other Heads of State and Government for the African Union Extraordinary Summit that will see the launch of a single continental trade bloc.He...Published: 07 Jul 2019 at 21:06hrs | 8 | by Staff reporter
Africa Awaits Russia's Investment
Russia has been looking to raise its existing relationship with African countries and Afreximbank is now providing huge support in realizing that long term goal. The bank, with the task of transformin...Published: 22 Jun 2019 at 11:04hrs | 8 | by Kester Kenn Klomegah
NMB facilitates growth of agricultural exports
NMB Bank is keen to help promote agricultural exports, which is one of the reasons it is this year participating for the first time at the Agricultural Dealers' and Manufacturers' Association (ADMA) A...Published: 13 Jun 2019 at 08:24hrs | 1 | by Staff reporter
Zimbabwe banks plunge deeper into forex crisis
A vendor counts money at a vegetable street market in Caracas, Venezuela, on Wednesday, Aug. 17, 2016. Venezuela's imports from its six biggest trading partners including Brazil, the U.S., China, Arge...Published: 01 Feb 2019 at 14:06hrs | | by Staff reporter
Mnangagwa boost as UK's Department for International Trade sets up Harare office
THE UK's Department for International Trade (DIT) is setting up an office in Harare, in a development that will be seen as boost for the Zimbabwe government's re-engagement efforts.The Harare ...Published: 21 Dec 2018 at 12:35hrs | | by Agencies
Mthuli Ncube running out of time
AS ZIMBABWE'S economy continues to lurch from one crisis to the other, business leaders and economists say the government is running out of both time and "rope" to turn the situation around.Th...Published: 18 Oct 2018 at 15:06hrs | | by Staff reporter
Mnangagwa worried by raw exports
PRESIDENT Emmerson Mnangagwa has expressed dismay at the lack of value-addition on exports coming out of Zimbabwe, saying it was eroding margins of the highly-needed foreign currency receipts....Published: 05 Oct 2018 at 06:40hrs | | by Staff reporter
Mnangagwa claims that 'World warming up to Zimbabwe'
President Mnangagwa yesterday said Government is encouraged by the positive responses from the re-engagement process, which seeks to reintegrate the country into the family of nations. The Pre...Published: 05 Oct 2018 at 06:32hrs | | by Staff reporter
A Zimbabwe National Venture Capital fund, industry and youth entrepreneurship
Zimbabwe is on the brink of a new era of innovation and economic activity. Our government's greatest task will be to promote small and medium-sized enterprises and to unlock the creativity and product...Published: 03 Sep 2018 at 08:29hrs | 10 | by Prof Mthuli Ncube
Trade credit risks discussed at Zimnat conference
The majority of trade transactions across the world are conducted on open account terms, supported by a purchase order and invoice with mutually agreed payment terms as the basis for trust, according ...Published: 11 Jun 2018 at 15:54hrs | 1 | by Agencies
AfDB throws weight behind Zimbabwe
The African Development Bank (AfDB) will work with its partners to see Zimbabwe roar back in a major boost for the economy, which is desperate for foreign capital.AfDB president Akinwumi Adesi...Published: 27 May 2018 at 09:02hrs | | by Staff Reporter
Kenyan, Mauritian experts address Zimnat trade credit conference
A high level conference on the role of trade credit insurance in promoting and supporting increased trade will be held on June 8 at Cresta Lodge in Harare.The conference, which has been organi...Published: 23 May 2018 at 08:29hrs | 4 | by Agencies
'We cannot operate in silos,' says Mnangagwa
We publish here the full text of the Address by the President of the Republic of Zimbabwe and Commander-in-Chief of the Zimbabwe Defence Forces E. D. Mnangagwa at the Southern Africa Confederation of ...Published: 16 May 2018 at 06:44hrs | 17 | by Emmerson Mnangagwa
Zimnat establishes trade credit insurance unit to boost exports
With the Zimbabwean economy opening up and new possibilities for trade emerging, Zimnat has established a specialist division offering trade credit insurance to cover the risk of payment default that ...Published: 26 Apr 2018 at 12:05hrs | | by Agencies
'Nedbank can help Zim economy'
President Mnangagwa says Nedbank Zimbabwe can play a leading role in financing core economic activities in the energy, infrastructure and agriculture sectors.He said this at the launch of Nedb...Published: 22 Apr 2018 at 09:53hrs | | by Staff reporter
Telcos, banks profit from cash shortages
When Kenya initiated the mobile money revolution through M-Pesa a decade ago, few gave it a chance of success.But then it did succeed, and phenomenally so.Spurred on by that success, S...Published: 16 Apr 2018 at 08:32hrs | 1 | by Staff reporter
US fines bank $3.6 billion for breaching Zimbabwe sanctions
ZIMBABWE'S biggest bank by asset base, CBZ Bank, has been slapped with a staggering $3,8 billion fine by the United States Treasury's Office of Foreign Assets Control (Ofac) for thousands of financial...Published: 27 Oct 2017 at 09:02hrs | 8 | by Staff reporter
Afreximbank to bailout Zimbabwe
AFRICA'S trade finance bank, the African Export and Import Bank (Afreximbank), has made commitment to bailout Zimbabwe with about $1 billion to stabilise the economy.The Afreximbank on Saturda...Published: 25 Sep 2017 at 23:20hrs | | by Staff reporter
Tsvangirai's MDC to repeal indigenisation law, take away farms
Morgan Tsvangirai's MDC says it will repeal a law to force the transfer of foreign-owned firms to local ownership if it wins power in the 2018 elections.MDC shadow Finance minister Tapiwa Mash...Published: 19 Sep 2017 at 19:18hrs | | by Staff reporter
New govt will need to grow economy within five years
MDC-T deputy secretary general Tapiwa Mashakada has said inclusive Growth not simply growth is what Zimbabwe desperately needs in the next 5 years in order to arrest the scourge of unemployment and po...Published: 06 Sep 2017 at 06:58hrs | | by Stephen
Mugabe's son a maize dealer
Robert Mugabe Jr, the son of 92-year-old President Mugabe has reportedly become a maize dealer.According to the Zimbabwe Independent, Robert Jr sought details from BancABC on maize importation...Published: 21 Oct 2016 at 15:17hrs | | by Staff Reporter
AfDB approves $25m credit line for CABS
The African Development Bank has approved a $25 million trade finance line of credit facility to Central Africa Building Society of Zimbabwe. This medium term facility will support the expansion of CA...Published: 26 Apr 2016 at 06:39hrs | | by Staff reporter
'Cash crunch is a temporary affair'
Cash shortages in parts of Zimbabwe are temporary as strategies being implemented by authorities will ease the situation soon, Finance and Economic Development Minister Patrick Chinamasa has said....Published: 24 Apr 2016 at 14:06hrs | | by Kuda Bwititi
MDC-T eagerly awaits judgment in R4 million lawsuit over campaign regalia
MDC-T is eagerly awaiting judgment in the R4 million lawsuit in which the party was dragged to court for failing to pay two Bulawayo firms for campaign regalia reportedly used in the 2008 harmonised e...Published: 15 Nov 2015 at 08:17hrs | | by Richard Muponde
Mugabe cabinet reshuffles humiliate Matebeleland
This week I am meant to write about our manufacturing industry, but how do I do that without some reference to the bizarre event of the week when our Head of State, Head of Government and Commander in...Published: 20 Sep 2015 at 12:48hrs | | by Welshman Ncube
Billionaire promised MDC-T $1 million
Econet Wireless founder Mr Strive Masiyiwa pledged US$1 million to support MDC-T's 2008 ill-fated election campaign, it emerged in court on Friday.The Sunday Mail reported that claims were ma...Published: 26 Jul 2015 at 16:37hrs | 4 | by Staff reporter
Chinamasa begs PTA bank for more funding
UNDER pressure Finance and Economic Development minister Patrick Chinamasa yesterday continued his pursuits to attract funding for the country's comatose economy as he pleaded with the PTA Bank to pum...Published: 25 Sep 2014 at 11:13hrs | | by Staff reporter
Intra-Africa trade: Going beyond political commitments
Progress will come when agreements are implemented Among Africa's policy wonks, underperforming trade across the continent within the region ...Published: 23 Aug 2014 at 09:01hrs | 2 | by Masimba Tafirenyika
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