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Stanbic Bank Beyond Borders: Empowering Zimbabwean Businesses for Regional Integration
Stanbic Bank Zimbabwe recently held a business breakfast - Beyond Borders Breakfast – which marked a defining moment for Zimbabwean enterprises eyeing regional and international expansion.Th...Published: 19 Jul 2025 at 09:38hrs | 212 | by Agencies
ZNCC urges RBZ to cut policy rate to 20%
The Zimbabwe National Chamber of Commerce (ZNCC) has urged the Reserve Bank of Zimbabwe (RBZ) to lower its bank policy rate from the current 35% to 20% in an effort to ease growing credit constraints ...Published: 08 Jul 2025 at 12:12hrs | 214 | by Staff reporter
Private sector, experts hail Zimra's TaRMS tax regime
Private sector players and financial experts have praised Zimbabwe's Tax and Revenue Management System (TaRMS) for significantly improving taxpayer accessibility and compliance, particularly among sma...Published: 19 Jun 2025 at 07:16hrs | 207 | by Staff reporter
Zimbabwe's foreign currency reserves surge as ZiG gains stability
Zimbabwe's efforts to stabilise its local currency, the Zimbabwe Gold (ZiG), have begun yielding tangible results, with the country's foreign currency reserves exceeding US$600 million, the Reserve Ba...Published: 13 Apr 2025 at 12:23hrs | 10307 | by Staff reporter
Chamisa's lawyer says ZiG has expired
Nelson Chamisa's lawyer has alleged that Zimbabwe's gold-backed currency, the Zimbabwe Gold (ZiG), introduced in April as a stabilizing alternative to the Zimbabwean dollar, may have lost its status a...Published: 27 Oct 2024 at 19:19hrs | 3197 | by Staff reporter
IMF to visit Zimbabwe next month
The International Monetary Fund (IMF) is scheduled to visit Zimbabwe this month for its Article IV consultation mission amid concerns about the country's economic trajectory. The mission will ...Published: 09 Jun 2024 at 09:10hrs | 1 | by Staff reporter
Zimbabwe's new ZiG spins markets into trading disruptions and uncertainty
Zimbabwe's newly introduced ZiG currency is causing market disruptions and transaction bottlenecks despite central bank assurances that it is backed by gold and foreign currency reserves, amid sceptic...Published: 09 Apr 2024 at 06:24hrs | 3 | by Staff reporter
Zimbabwe's new currency greeted with pessimism
The new currency introduced by the Reserve Bank of Zimbabwe (RBZ) on Friday has been branded old wine in new bottles by economists and financial experts who doubt that it will stand the test of time....Published: 07 Apr 2024 at 10:18hrs | 2 | by Mthandazo Nyoni
Biti warns of economic 'disaster' in Zimbabwe
Former finance minister and prominent CCC opposition figure Tendai Biti has issued a stern warning about the potential economic consequences if President Emmerson Mnangagwa's government decides to emb...Published: 17 Sep 2023 at 22:14hrs | 1 | by Staff reporter
Local authorities call for removal of outdated colonial laws
GOVERNMENT has been challenged to speed up the harmonisation of various pieces of legislation to, among other things, remodel local authorities in line with modern international trends.T...Published: 15 Jun 2023 at 06:44hrs | 2 | by Staff reporter
Highlanders' financials: Something is STINKING!
HIGHLANDERS Football Club's bonafide members will have to wait a bit longer to receive audited financial statements for the year ending December 31, 2022 after it emerged that the auditors are yet to ...Published: 25 Feb 2023 at 07:02hrs | 5 | by Staff reporter
Mutsvangwa grilled over propaganda
FINANCE minister Mthuli Ncube and the Reserve Bank have run out of ideas and are introducing complicated policies that continue to confuse and disadvantage the ordinary people while failing to address...Published: 12 Jul 2022 at 18:15hrs | 11 | by Staff reporter
Zimdollar retains stability at weekly auction platform
THE Zimbabwe dollar this week traded at 85,74 against the United States dollar at the official weekly foreign currency exchange auction conducted yesterday. Last week, the exchange rate at the auction...Published: 13 Aug 2021 at 06:42hrs | | by Staff reporter
CABS and European Investment Bank unveil EUR15m COVID resilience business financing initiative
The European Investment Bank has agreed to support EUR 15 million of new long-term financing for entrepreneurs and businesses across Zimbabwe in cooperation with leading local bank CABS. The first eve...Published: 28 Apr 2021 at 18:31hrs | 2 | by Staff reporter
'New COVID-19 variants a threat to poor African countries'
NEW COVID-19 variants likely to hit Africa might prove difficult to combat due to inadequate health budgets as countries on the continent are failing to recover fromthe economic effects of the pan...Published: 25 Mar 2021 at 05:57hrs | 11 | by Staff reporter
Electronic Fund Transfers fuel money laundering in Zimbabwe
CROSS-BORDER money traders are collecting huge sums in foreign currency in Zimbabwe and smuggling it into South Africa through the use of Electronic Funds Transfer (EFT).The illegal traders tu...Published: 27 Dec 2020 at 07:13hrs | | by Vusumuzi Dube
Mthuli Ncube's currency move triggers chaos
GOVERNMENT's Monday move to dump its basket of foreign currencies, opting to use its own currency in local transactions, triggered chaos on the market yesterday, with some retailers closing shop for t...Published: 26 Jun 2019 at 16:35hrs | 1 | by Staff reporter
RBZ hikes interest rate to 50%
THE Reserve Bank of Zimbabwe (RBZ) has increased the interest rate on its overnight window to 50 percent per annum from 15 percent in a bid to tame inflationary pressures alongside other measures mean...Published: 26 Jun 2019 at 07:10hrs | | by Staff reporter
Banking sector posts 77% profit jump
Zimbabwe's banking sector boosted profitability in the nine months to September 30, 2018 posting an aggregate net profit of $283,98 million, latest Reserve Bank of Zimbabwe (RBZ) figures show. This wa...Published: 14 Dec 2018 at 05:34hrs | | by Staff reporter
Greg Fishman, the Mind Behind Solving Your Debt Relief Problems in Boca Raton
Greg Fishman is a man with great ideas, and his mission is to help consumers achieve financial freedom, even after being crippled and reduced to almost nothing because of debt and poor financial decis...Published: 26 Sep 2018 at 12:54hrs | | by Staff Reporter
Continuous importation of forex fuels Zimbabwe blackmarket
ANALYSTS agree that the continuous importation of hard cash into the economy will not improve the prevailing cash shortages in the country, but further fuel the parallel market.This comes as R...Published: 11 Jul 2018 at 07:20hrs | | by Staff rpeorter
Mnangagwa 'command' banks to reduce charges
VICE-PRESIDENT Emmerson Mnangagwa has challenged financial institutions to bring down their charges to reduce the demand for cash and long queues at banks which have now become a permanent feature acr...Published: 29 Jun 2017 at 06:33hrs | | by Staff reporter
US$ shortages give rise to cash discounts
ZIMBABWE's cash-selling practice is evolving with a growth in cash premiums and discounts offered for goods and services as companies struggle to raise foreign currency to import raw materials....Published: 05 Feb 2017 at 07:51hrs | | by Staff reporter
Zimbabwe must now stand on its own, says Chinamasa
Finance minister, Patrick Chinamasa on Friday hinted that Zimbabwe had been abandoned by the international financial institutions on whom it had pinned its hopes for economic revival and was now l...Published: 25 Sep 2016 at 10:25hrs | | by Staff reporter
Regional financial experts against bond notes
LOCAL and regional financial experts who attended the financial markets indaba in Harare last week remain sceptical over the introduction of bond notes by the Reserve Bank of Zimbabwe (RBZ), which is ...Published: 07 Jul 2016 at 10:41hrs | 2 | by Staff Reporter
External pressure to devalue Nigerian Naira - TB Joshua Prophecy?
The Federal Government may soon lose its current battle to defend the Naira using capital controls, as huge external pressures continued to deplete the nation's foreign reserve.In just a few d...Published: 11 Jan 2016 at 12:03hrs | 1 | by Staff reporters
Mugabe bonus decision scuttles recovery prospects
Local economists and financial experts have warned that President Robert Mugabe's decision to override Finance Minister Patrick Chinamasa's recent suspension of civil service bonuses would scuttle...Published: 22 Apr 2015 at 07:11hrs | | by Staff reporter
Financing Africa's massive projects
Innovative bankrolling gains popularity and raises high hopes among key countries It is an audacious $4.8 billion project undertaken by one of the ...Published: 28 Feb 2015 at 08:14hrs | | by Kingsley Ighobor and Busani Bafana
'Miracle money shrinks economy'
ANY currency put into circulation without legal sanction would have negative effects on the economy and the general social life of Zimbabweans, financial experts have said.The experts were rea...Published: 11 Jan 2013 at 09:12hrs | 1 | by Staff reporter
Police can't do anything about Prophet Angel's miracle money
ANY currency put into circulation without legal sanction would have negative effects on the economy and the general social life of Zimbabweans, financial experts have said.The experts were rea...Published: 08 Jan 2013 at 06:50hrs | 2 | by Staff reporter
Gono fires a salvo at moneylenders, micro-finance firms
RESERVE Bank of Zimbabwe Governor Dr Gideon Gono has fired a salvo at money lending and micro-finance institutions for "objectionable and unscrupulous" business practices. According to the RB...Published: 15 Jun 2012 at 08:57hrs | | by Business Reporter
Zimbabwe's debt - a compelling case for an audit
The rejection by UK Development Minister Andrew Mitchell of civil society calls to audit Zimbabwe's US$7 billion debt before relief under HIPC is regrettable. Whenever an audit is resisted, it...Published: 25 Jan 2012 at 13:25hrs | | by Clifford Chitupa Mashiri
Zim moves to cashless society as US$3 million deal yields fruit
Smartpayment Solutions (Smartpay), in conjunction with South Africa's NET1, will on the 22nd of this month kick off a pilot project of Net1's Universal Electronic Payment System (UEPS) in Chitungwiza ...Published: 14 Nov 2011 at 17:50hrs | 2 | by Staff reporter
Whoever takes over from Mugabe could be even worse
The reported secret moves within SADC to get Mugabe a so-called soft landing (Sunday Times, 09/10/11) do not inspire confidence at all because they are an admission of failure by the regional body to ...Published: 09 Oct 2011 at 17:16hrs | 1 | by Clifford Chitupa Mashiri
MDC-T must look itself in mirror
SECURITY sector reforms are not the solution to Zimbabwe's political problems. All these reports that are being released week in and week out by a plethora of paid hacks are nothing more than propagan...Published: 12 Jul 2011 at 03:42hrs | | by Dambudzo Mapuranga
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