‘Pay now, argue later’ tax regime costing firms millions
ZIMBABWE’S tax assessment regime has emerged as a major obstacle to domestic investment and corporate planning, with business leaders warning…
Category: Finance
Financial news, markets, and analysis
RBZ moves to anchor ZiG as store of value
THE Reserve Bank of Zimbabwe (RBZ) successfully launched its new ZiG Denominated Term Deposit Facility (ZiGDTDF), allotting ZiG331,6 million in…
Fiscal discipline key for long-term economic stability, experts say
ZIMBABWE should maintain strict fiscal and monetary discipline and deepen structural reforms to ensure long-term economic stability and sustainable growth,…
Market swallows ZiG391.6m in RBZ’s first Term Deposit Bill auction
The Reserve Bank of Zimbabwe has taken a decisive step in cementing the foundations of a stable and disciplined monetary…
Off-book contractors killing infrastructural development: Treasury
TREASURY has accused government ministries of sabotaging development by signing contracts outside the national budget, a practice it says is…
Africa Finance Corporation raises record US$2 billion syndicated loan
Africa Finance Corporation (AFC), the continent’s leading infrastructure solutions provider, has raised a record US$2 billion syndicated loan, underscoring strong…
FBC Holdings seeks shareholder approval for share buy-back scheme
FBC Holdings Limited will seek shareholder approval for a share buy-back programme at its Annual General Meeting (AGM) scheduled for…
IPEC cancels Orchid Funeral Assurance licence, orders policyholders to file claims by June 30
Zimbabwe’s insurance regulator has cancelled the operating licence of Orchid Funeral Assurance (Private) Limited, citing persistent regulatory breaches and giving…
Inclusive Financial Services rescue plan adopted by creditors
The Corporate Rescue Plan for Inclusive Financial Services (Private) Limited has been formally adopted by creditors, paving the way for…
ZiG currency uncertainty fuels insurance disputes
A clear and standardised currency and valuation framework is needed for insurance claim settlements under the ZiG regime, the Chartered…