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
Category: Finance
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
RBZ invests sterilised funds in agriculture
ABOUT $1 billion of idle or reserve money that was reportedly used to speculate on currency trading has been invested in savings bonds and will no longer be available on … Read More
RBZ to inject $1 billion new coins, notes
Cash in circulation will slightly more than double over the next six months, as the Reserve Bank of Zimbabwe (RBZ) injects an extra $1 billion to satisfy legitimate demand for … Read More
Chemplex seeks RBZ forex fundraising approval
FERTLISER and chemical manufacturer, Chemplex Corporation, is seeking Reserve Bank of Zimbabwe (RBZ) approval to sell some of its assets in US dollars to raise $10 million to complete a … Read More
RBZ Working On Stabilising Exchange Rate: Mangudya
The Reserve Bank of Zimbabwe (RBZ) governor John Mangudya said that the central bank will inject more liquidity on the interbank market to stabilise the exchange rate and ensure efficient … Read More
Ncube shocks international financial institutions
INTERNATIONAL financial institutions (IFIs), particularly the International Monetary Fund (IMF), which recently approved a Staff-Monitored Programme with Zimbabwe, were stunned by government’s decision to immediately scrap the multi-currency regime and … Read More
