Alliance Insurance battles to deflect $11,7m compensation
Alliance Insurance Company is in the fight of its life, scrambling to block a US$11,7 million arbitration award that the…
Category: Finance
Financial news, markets, and analysis
Botswana central bank bans Money Bouquets and cash confetti
THE Bank of Botswana has issued a warning against the use of banknotes in money bouquets, cake decorations, and confetti,…
Fidelity moves to spot pricing to attract more gold
Fidelity Gold Refinery says it has adopted spot pricing to reflect prevailing market prices, in a move observers say is…
POSB unveils mobile based saving app
THE People’s Own Savings Bank (POSB) has launched Huruyadzo/Inkunzi, Zimbabwe’s first mobile-based group savings platform. In a statement, POSB said…
ZMX to assist with grain purchase financing as bumper harvest nears
SMALL and medium-scale millers are set to benefit from new trade finance facilities offered by the Zimbabwe Mercantile Exchange to…
POSB group savings platform to expand financial inclusion
THE People’s Own Savings Bank has launched Huruyadzo/Inkunzi, a mobile-based group savings platform, as it moves to enhance financial inclusion…
Government approves Mutare’s ZiG2,5b budget
The Ministry of Local Government and Public Works has approved Mutare City Council’s ZiG2,5 billion budget for 2026, clearing the…
IMF agreement marks new era for economic reforms
THE International Monetary Fund says the staff-level agreement on Harare’s economic policy framework and reforms will strengthen milestones the country…
Zimbabwe secures IMF staff-level agreement on 10-month SMP
The International Monetary Fund (IMF) and Zimbabwean authorities have reached a staff-level agreement on a proposed 10-month Staff-Monitored Programme (SMP),…
Monocurrency plan no longer contingent on dates
RBZ governor John Mushayavanhu emphasised that the central bank will only move to monocurrency once specific “conditions precedent” are met,…