Finance Minister Mthuli Ncube says he will propose a ZWL$900 billion budget for 2022, more than double this year’s total, as the country struggles with surging inflation. In July, Ncube had signalled plans for...
Zimbabwe is one of the countries whose banking systems are at the greatest risk of being used by money launderers, according to a new report. The Basel Anti-money laundering (AML) Index, released September 13,...
Deutsche Bank has cut correspondent banking ties with Stanbic Bank, dealing a body-blow to one of the few remaining international banking providers operational in Zimbabwe. Stanbic, the local unit of Standard Bank, is the...
Zimbabwe will use more than half of the US$961 million it has been allocated by the International Monetary Fund in the form of special drawing rights to support its beleaguered currency. The government abandoned...
By John Kachembere Zimbabwe has made strides in curbing illicit financial flows (IFFs), but a more coordinated approach by the country’s many anti-corruption agencies is needed to stop the bleeding, analysts say.
Charging above the official exchange rate and refusing to take Zimbabwe dollars will attract fines under new regulations gazetted by Government. There will also be penalties for companies that misuse the forex they get...
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 Review selects the...
CBZ Holdings, the biggest bank in Zimbabwe, plans to list on the U.S. dollar-denominated Victoria Falls Stock Exchange (VFEX), as part of efforts to ignite foreign interest in the lender. The firm is “actively...
The European Investment Bank (EIB) has agreed a €15 million fund to support Zimbabwean businesses hit by COVID-19, the first such financing to the country by the bank in over two decades. The fund,...
Caledonia Mining Corp. has started operations at its US$67 million Central Shaft at Blanket Mine, the company announced on Tuesday. The shaft, which has taken six years to complete, was wholly funded through internally...
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