First Capital Bank sees 150pc surge in loan book
FIRST Capital Bank has reported a substantial surge in its loan book for the year ended December 31, 2024, underlining a renewed focus on supporting key economic sectors as part … Read More
Category: Finance
CBZ Holdings Posts ZWG537.53 Million Profit in Q1 2025
CBZ Holdings has recorded a profit after tax of ZWG537.53 million for the first quarter ended 31 March 2025, supported by strong income growth and ongoing investments in its digital … Read More
Exchange rate-linked pricing deregulation boosts ZiG/USD rate
THE National Competitive Commission of Zimbabwe (NCCZ) states that the repeal of Statutory Instrument (SI) 81A of 2024 has been a decisive market-oriented shift, already bolstering confidence in the ZiG/USD … Read More
New pension fund enters market, targets informal players
A new pension fund, Donhodzo Micro-Pension Fund, has entered the market to tap into the low-income earner segment and the country’s informal workforce, NewsDay Business can report.A new pension fund, … Read More
CBZ assets up 13% in Q1 on solid deposit base
CBZ Holding Limited has posted a 13% increase in assets for the quarter ended March 31, 2025, to ZiG38,7 billion, from the previous quarter, bolstered by a strong deposit base. … Read More
Zimbabwe restarts minting of gold coins as bullion prices soar to record
Zimbabwe’s central bank is again issuing gold coins it scrapped ten months ago, a step it took to ramp up the bullion stockpile used to back up the local currency, … Read More
‘End of official rate-based pricing, not exchange rate relaxation’
LEGAL think tank, Veritas, says the government’s move to end the official rate-based pricing of goods and services is not a relaxation of exchange controls as authorities have proclaimed. Two … Read More
Treasury commits to industrialisation agenda
THE Ministry of Finance, Economic Development and Investment Promotion has committed to promoting domestic industrial growth and expanding locally-manufactured goods for the domestic and export markets. The ministry made these … Read More
Monthly inflation stays low, returns to positive territory
Zimbabwe Gold (ZiG) monthly inflation rate returned to positive ground, gaining 7 percentage points to 0,6 percent for April 2025, after the slight deflation in March when prices dipped by … Read More
RBZ urges industry to use industrialisation financing options
The central bank is bullish about the projected economic growth of 6% this year after the exchange rate remained relatively stable since the beginning of the year.THE Reserve Bank of … Read More
