FBC Mastercard launches prepaid cardholders promotion
BUSINESS WRITER
FBC in conjunction with Mastercard have, this festive season, launched a ‘Transact without Borders’ promotion which will reward cardholders for using their FBC Mastercard...
SECZ finalises capital market rules review
Business Writer
Zimbabwe’s capital markets regulator, the Securities and Exchange Commission (SECZ), will this Tuesday meet with players in the industry to discuss amendments to...
Harare shelves $100m municipal bonds
NDAMU SANDU
The City of Harare has shelved the issuance of municipal bonds amounting to $100 million after advice from brokers it would suffer losses due to...
Dollars vs. Zollars: Zim puts accounting standards to test
Phillimon Mhlanga
Government’s insistence on a fixed 1:1 exchange rate has continued to create headaches for companies who have to report within prescribed accounting standards.
This...
Zim to begin CDC facility drawdown by month end
LIVINGSTONE MARUFU
ZIMBABWE will finally begin drawing down the Commonwealth Development Corporation (CDC) $100 million loan facility by year end after Government resolved monetary and...
Finance minister in currency volte-face
PHILLIMON MHLANGA
Finance minister Mthuli Ncube, who two months ago indicated that he would prioritise currency reforms, including demonitising the country’s fiat currency last...
Zimbabwe to clear IFI arrears by November 2019
Phillimon Mhlanga
Zimbabwe has set a November 2019 deadline to clear nearly $2 billion arrears owed to the World Bank and the African Development Bank as the...
Foreign experts to dominate RBZ monetary committees
Munashe Matambo
Finance and Economic Development Minister Mthuli Ncube is said to be contemplating setting up a committee dominated by foreign financial experts from around...
RBZ transfers $6 million Command Livestock to Agribank
LIVINGSTONE MARUFU
THE Reserve Bank of Zimbabwe (RBZ) has transferred the $6 million fund for Command Livestock to Agribank after realising that Homelink Financial Services which...
FBC subsidiary develops 40 housing units in 2018
MUNASHE MATAMBO
FBC Holdings mortgage financing unit, FBC Building Society, has so far developed a total of 40 units (apartments) this year and is in negotiations to...