HARARE - Zimbabwe Stock Exchange-listed financial services group FBC Holdings (FBCH) declared a $3,5 million dividend in the full year to December 2016, weathering tough economic fundamentals.
HARARE,– Financial group FBC Holdings on Wednesday reported a 21 percent increase in after-tax profit from $18,1 million recorded in the previous year to $21,9 million on improved total income from banking operations.
Women have received a major boost from the Reserve Bank of Zimbabwe which has put in place initiatives that will see them receiving more than $75 million for various projects.
A TEAM from the International Monetary Fund (IMF) is in the country for a technical mission to assess Zimbabwe’s economic developments after clearing its arrears with the financial institution last year.
In the past, micro-finance institutions in Zimbabwe were known for being the saviours of financially struggling individuals, to whom they would lend small amounts at extortionist interest rates of as much as 100 percent, particularly in January wh
Borrowing money is a serious decision which deserves your time and consideration. Responsible borrowing can help you achieve certain goals and can improve your lifestyle.
Economic conditions in a country determine the quality of clients that banks will acquire. In stable economies, bank clients are of good quality and credit culture is well established in society.
The World Bank has appointed Paul Noumba Um as the new country director for seven African countries including Zimbabwe.
THE Confederation of Zimbabwe Industries will approach Government with draft legislation to push for the adoption of the South African rand over the US dollar as the main transacting currency.