$2.9bn for water, sanitation
Urban and rural councils will share $2.9 billion to boost water and sanitation with special priority on ensuring every school has a borehole. Announcing the new disbursement of devolution funds, … Read More
Category: Finance
Pensions, insurance sector pays out $1 billion claims
Zimbabwe’s pensions and insurance sector is showing resilience to the Covid-19 crisis, with players in the sector having paid out close to $1 billion in claims during the peak phase … Read More
Mthuli walking the talk on budget
Zimbabwe’s overall collections and expenses for the four months showed a very balanced budget indicating that Government is now living within its means. Data from the Reserve Bank of Zimbabwe … Read More
Covid-19 not holding us back: CBZ
LISTED financial services group, CBZ Holdings, says the Covid-19 pandemic has not had any effects on the group’s ability to access lines of credit because such funding is demand driven. … Read More
Digital services bolster Ecobank operations
PAN-African banking group, Ecobank Transactional Incorporated (ETI), the parent company to Ecobank Zimbabwe, says the adoption of digital services has enhanced business resilience amid the disruptive impact of Covid-19. With … Read More
RBZ hikes bank policy rate
The Reserve Bank of Zimbabwe (RBZ) on Tuesday more than doubled the bank policy rate in order to curb speculative borrowing, support smooth functioning and sustainability of the foreign exchange … Read More
Stanbic Bank parent company issues US$200m ‘green bond’
STANBIC Bank Zimbabwe’s parent company, Standard Bank of South Africa Limited (SBSA), has issued its first ever green bond, via private placement with IFC, a development finance institution focused on … Read More
Financial literacy lessons for villagers
A LOCAL non-governmental organisation has embarked on a financial literacy training project targeting villagers. The villagers are taught how to market their products to enable them to contribute to the … Read More
Using cash attracts reasonable pricing
Though cash availability remains constrained, people using it are enjoying relatively lower prices than those using plastic money. A visit to several shops in and around the Harare central business … Read More
The RTGS$ Is Currently 1:1 With The Rand Right Now – Mthuli Ncube :
The Finance Minister in an interview with the Sunday Mail said the Zimbabwean currency is competitive with other regional currencies right now as he answered questions about the economy. Mthuli … Read More
