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Wednesday, December 19, 2018
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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...