News
The International Monetary Fund (IMF) says sub-Saharan Africa economy faces a possible downturn, with growth expected to drop from 3.4 per cent in 2015 to about 3 per cent in 2016.
The Reserve Bank of Zimbabwe is set to introduce bond notes to curb money flowing out of the country, while measures have been put in place to promote the widespread use of multi-currencies to arrest the obtaining cash shortages.
Zimbabwe’s central bank on Wednesday imposed tight cash withdrawal limits and announced plans to introduce local “bond notes” to circulate alongside a basket of foreign currencies adopted in 2009, in a bid to ease widespread cash shortages stalkin
FBC hosted The President ofAfreximbank, Dr. Bennedict Okey Oramah at a colourful event in Harare, Zimbabweon 4 April 2016. The visit is the first since his appointment in September 2015.
FBC Holdings said it lifted its profit after tax to US$18,1 million in the 12 months to December 2015 from US$5 million registered in the comparable period due to Turnall disposal and increase in net income.
The 9th of February 2016 marked a major milestone for FBC Bank Limited, as FBC Bank sponsored the first prize under the small scale farmer of the year category at the Tobacco Grower of the Year Prize Giving Day.
Monetary Policy Statement January 2016
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