ZB profit jumps 375 percent
Financial services group, ZB Financial Holdings’ profit for the half year to June 30, 2020 jumped 375 percent to $1,13 billion compared to $237,8 million recorded in the same period… Read more »
Category: Finance
NMB in US$13,8 million legacy debt
FINANCIAL services group, NMBZ Holdings Limited says its banking subsidiary, NMB Bank is saddled with a legacy debt of US$13,8 million in credit lines owed to various lenders as at… Read more »
FBC generates $3,5 billion income
LISTED financial services group, FBC Holdings, is optimistic that Government’s economic policies will continue to yield price stability as well as restore a positive business sentiment. Despite the uncertainties brought… Read more »
Govt seeks financial advisors to mobilise US$3,5 billion farmer compensation
GOVERNMENT will soon be on the market seeking financial advisors to assist in finding ways to mobilise the US$3.5 billion required to compensate white former farmers for improvements they made… Read more »
Going gets tough for illegal money changers
MONEY changers in the country are finding the going tough following the ban on mobile money agent lines and the introduction of daily transaction limits. The Reserve Bank of Zimbabwe… Read more »
RBZ strikes right chords as Zimdollar stabilises
The introduction of a transparent price discovery mechanism by way of the Dutch foreign exchange auction trading system on 23 June, 2020, was met with mixed views from all economic… Read more »
RBZ tightens liquidity grip
Reserve money continued to decline after falling by 3,3 percent to $11,4 billion in the week to August 21, 2020, as the Reserve Bank of Zimbabwe maintains a stranglehold on… Read more »
Illegal forex traders feel the heat
Money changers in the country are finding the going tough following the ban on mobile money agent lines and the introduction of daily transaction limits. The Reserve of Zimbabwe recently… Read more »
Zimdollar firms as stability continues to hold
The Zimbabwe dollar firmed marginally for the first time yesterday, by just under a tenth of one percent, to $83,3209: US$1 in the 11th auction, reinforcing the high-level of stability… Read more »
H1 productive sector loans up 80 percent to $20 billion
LOANS to productive sectors of the economy have increased by more than 80 percent to $20 billion during the first half of the year, according to the Reserve Bank of… Read more »