VISA will next month introduce its National Net Settlement Service (NNSS) in Zimbabwe that will allow client banks to settle domestic US dollar-denominated Visa transactions locally.
GETTING rid of much of the cash in circulation might be an effective way to reduce inequality.
Three missions from a World Bank-administered trust fund are in the country to help Zimbabwe improve its business environment climate, support reform of State-owned enterprises and efforts to strengthen the poverty and equity focus of public spend
The value of transactions processed through point of sale terminals grew 23 percent in December to $550 million from $446 million in November as Zimbabweans continue to increase their usage of plastic money.
The World Bank has painted a more optimistic picture in respect of Zimbabwe’s Gross Domestic Product (GDP) growth this year, projecting it at 3, 8 percent.
The moment a person receives income they are usually faced with two options, to either spend it all or use part of the money and save the rest. Once they decide to put aside a portion, they will have made a decision to save.
Small to medium enterprises (SMEs) are set to grow this year due to legislation restricting imports and the advancement of technology, experts have said.
AS banks continue to put a lid on loans and advances, non-performing loans (NPLs) which describe a loan on which the debtor is not making any repayments have dropped to below 10 percent from a peak of 20,5 percent in 2015, raising expectations tha
FBC Bank intends to invest US$5 million this year into agricultural value chain players to promote small-scale farmers by adding value to their products. The move is expected to improve small-scale farmers’ capacity to generate revenue.