China’s UnionPay International on Wednesday added Steward Bank to its network of partners, expanding its footprint in Zimbabwe, where it has already signed up two other financial institutions. The use of international cards in...
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...
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...
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...
Delta Corporation recorded declines across its beverage lines, with soft drinks being the hardest hit, in a turbulent final quarter of its 2019 financial year. The company has struggled to source foreign currency for...
COVID-19 created a class of ‘new poor’ in Zimbabwe as company closures and economic decline worsened Zimbabwe’s jobless crisis, according to a research firm. In its outlook for 2021, Morgan & Co says rising...
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...
The head of Old Mutual Zimbabwe says there are green shoots appearing in the economy after the devastation of a severe drought and the coronavirus pandemic. “There are good signs emerging in economic sub-sectors...
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...
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,...
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