Finance
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Zim’s exchange rates band to narrow
LIVINGSTONE MARUFU The gap between the official and parallel market exchange rates is expected to narrow further from the current…
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RBZ orders banks to give forex
NDAMU SANDU Reserve Bank of Zimbabwe (RBZ) governor John Mangudya has ordered banks to settle transactions outside the public glare…
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Mthuli moves on bank failures
NDAMU SANDU Finance minister Mthuli Ncube has prescribed that loans to insiders should not be more than ZWL$50,000 and financial…
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Spike in provisions, impaired loans hit Zim banks
PHILLIMON MHLANGA A steep rise in bad and doubtful debts has forced local banks to increase provisions for impairments as…
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Afreximbank co-finances US$1.5bn Covid-19 facility
BUSINESS REPORTER THE African Export-Import Bank (Afreximbank) and two other financial institutions are co-financing a US$1.5bn facility to support African…
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First Capital Bank launches new products
STAFF WRITER First Capital Bank Zimbabwe has launched two new products and services for its customers and the general public…
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Zim’s blended inflation sparks confusion
…ICAZ issues directive PHILLIMON MHLANGA Government’s decision to allow entities to quote and sell goods and services in the United…
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EMA appeals for Treasury financial bailout
PHILLIMON MHLANGA Zimbabwe’s environment regulator and monitor, the Environmental Management Agency (EMA), is appealing for funding from the Treasury to…
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Zimbabwe’s reserve money grows 9% to ZWL$13bn
STAFF WRITER Zimbabwe’s reserve money rose to ZWL$13.154bn as at September 4,2020, representing an increase of 9% from ZWL$12.117bn recorded…
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Covid-19 nightmare for Zim insurance industry
PHILLIMON MHLANGA Zimbabwe’s multi-billion insurance sector could face solvency challenges making it struggle to absorb severe shocks as the industry…
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