We are here to stay — Stanchart
Standard Chartered remains committed to maintaining presence in Zimbabwe and its digitisation strategy — which has seen the country’s oldest bank closing most of its branches — should not be… Read more »
Category: Finance
TBs under-subscribed
The Reserve Bank of Zimbabwe (RBZ) said on Friday its latest issue of Treasury Bills floated this week got less than half of the $150 million it sought to raise… Read more »
Banks holding TBs should restructure for forex loans
ZIMBABWE banks holding significant amounts of Treasury Bills must restructure their balance sheets before they can access lines of credit as lenders have little idea of the real value of… Read more »
CABS Says We Don’t Ask For Customer’s Pins After Cyber Criminal Steals $26 000
Card cloning and cybercrime in the financial sector is here and here to stay. In the first quarter of 2019 alone $42 million was lost due to cybercrime and less… Read more »
RBZ floats $150m TBs
Government through the Reserve Bank of Zimbabwe (RBZ) has floated $150 million worth of Treasury Bills as it seeks to raise funds for ongoing and pipeline Government programmes.The treasury bills… Read more »
Bureaux de change not allowed to transact with corporates
Bureaux de change are not allowed to transact with corporates or enter into twining arrangements with customers to prefund foreign currency purchases, according to a directive from the Reserve Bank… Read more »
OneMoney grows 97pc
NETONE’S mobile money transfer service, OneMoney has grown by 97 percent in the three months ending September 30, 2019, driven by unique offerings including OnePay, a bulk payment facility, an… Read more »
Card Services (Ecocash, Mobile Banking, ZIPIT) Currently Down At First Capital Bank
First Capital Bank has announced that their card services are currently down. According to the ZSE listed bank, all Ecocash, ZIPIT and swipe transactions are affected. Read the full text… Read more »
RBZ Acquits Finance Access Of Money Laundering Allegations
The Reserve Bank of Zimbabwe has exonerated financial trader Access Finance (Access) of money laundering allegations. Access Bank accounts had been frozen in September together with those of Sakunda and… Read more »
FBC Bank Sheds More Light On Cash Withdrawals From FCAs
FBC Bank managing director, Webster Rusere has said that says the bank still allows depositors holding ‘free funds’ to withdraw cash foreign currency. Rusere’s remarks follow a leaked circular which… Read more »