RBZ mops up $2bn excess liquidity
The Reserve Bank of Zimbabwe (RBZ) savings bond has to date attracted $2 billion from the market, and now accounts for around 20 percent of all the real time gross … Read More
The Reserve Bank of Zimbabwe (RBZ) savings bond has to date attracted $2 billion from the market, and now accounts for around 20 percent of all the real time gross … Read More
The Reserve Bank of Zimbabwe will allow exporters to keep part of their export proceeds before compulsory conversion to local currency for periods longer than the prescribed 30 days in … Read More
GetBucks Microfinance Bank Limited’s loan book for the six months ended December 31, 2018 grew by 52 percent to $32,3 million up from $21,6 million, financial statements released by the … Read More
Managing director of Western Union Money Transfer Manager Mr Tendai Bindura explained the source of shortages for United States dollars. Western Union has been unable to disburse foreign currency with … Read More
The Reserve Bank of Zimbabwe (RBZ) yesterday dismissed reports circulating on social media that fuel prices will increase. The reports claimed that fuel industry stakeholders and the Reserve Bank of … Read More
Ecocash (Pvt) Ltd, whose property had been set for attachment by Dr Dish (Pvt) Ltd over a subscription fee debt, has petitioned the High Court seeking an order to interdict … Read More
Micro-finance institution Get Bucks reported a 16 % increase in net profit to $3 million in the six months to December 30, 2018, driven by an increase in net income … Read More
Finance Minister Mthuli Ncube says government is staying out of the newly launched interbank market and will only intervene to deal with any volatility. After a second day of foreign … Read More
THE Zimbabwe Consolidated Diamond Company (ZCDC) is behind schedule in commissioning a 450-tonne per hour conglomerate processing plant due to foreign currency shortages, NewsDay has learnt. Speaking to NewsDay on … Read More
Customers who use the “Swipe into Ecocash” service now available in most retail outlets continue to face challenges due to inevitable system failures, such as bounced transactions, double debits from … Read More