AGRIBANK, the state-owned agro-lender, has announced it has secured a US$30 million line of credit from the Industrial Development Corporation of South Africa to fund agriculture. Agribank also announced it was raising an additional $40 million through flotation of agro-bills...
SUGAR exports from Zimbabwe to the United States and regional markets declined 62 percent in the year ended March 2018, due to decreased production and increased local demand, industry giant Tongaat Hulett has reported. South Africa’s Tongaat Hulett dominates Zimbabwe’s...
BARCLAYS Bank Zimbabwe becomes First Capital Bank in October, shedding its century-old brand, but the bank has already abandoned its former conservatism, gorging on government securities in a manner it never did under its previous owners. FMB Capital of Malawi...
By Perry Munzwembiri Exactly 30 days after a harried Mthuli Ncube wrote to the International Monetary Fund pleading for debt relief and financial assistance to help Zimbabwe’s fight against Covid-19, the finance minister...
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.
By Melanie Robinson and Niculin Jaeger The World Bank says remittances to low and middle income countries will fall by 20 percent in 2020 because of coronavirus. The UK and Switzerland are taking action. The coronavirus pandemic and its economic effects...
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...
Zimbabwe’s largest bank says the U.S Treasury Department has cleared it of having to pay a US$385 million penalty for processing transactions on behalf of a local lender that was under American sanctions. The Treasury’s Office of Foreign Assets Control...
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...
Nigeria’s biggest bank is in talks to take over BancABC and other African assets of pan-African banking group Atlas Mara. Access Bank Plc is interested in Atlas Mara’s businesses in Botswana, Zimbabwe and Zambia, Bloomberg reported, citing sources familiar with...
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