News
LONDON (Reuters) – Zimbabwe hopes to get its proposal to clear debt arrears with multilateral lenders signed off by December, enabling it to start talks with bilateral sovereign lenders, Finance Minister Patrick Chinamasa said on Monday.
Understanding the needs of youth and then determining the role that finance can play in fulfilling those needs is important.
A CREDIT Reference Bureau (CRB) created by the Reserve Bank of Zimbabwe (RBZ) is expected to start running by the end of the third quarter of this year, a top executive involved in the process said last week.
THE volumes of point of sale (POS) monetary transactions grew by 17% to 913 917 in the week ending June 24 from the previous week, as the cash shortages spur plastic money transactions, latest statistics from the central bank have shown.
JOHANNESBURG – The rand firmed in early trade on Monday as it continued its recovery from a Brexit-triggered slump, but traders remained wary before a slew of local and global economic data later in the week.
HARARE – BancABC Zimbabwe parent company, Atlas Mara, said it has acquired the Finance Bank of Zambia (FBZ) for $61 million.
THE National Social Security Authority (NSSA) expects positive returns from its investment in FBC Holdings and to deliver value to the economy, especially on the housing stock, the authority has said.
The African Development Bank (AfDB) has launched an interactive online tool which will provide updates on various projects that it is implementing across the continent.
THE Reserve Bank of Zimbabwe (RBZ) has crafted draft guidelines to regulate Deposit-Taking Microfinance Institutions (DTMFI) and invited stakeholders to input into the document before its adoption.
Most Government departments, parastatals and State-owned enterprises have embraced transactions in multiple currencies, while plastic money accounts for 80 percent of transactions in urban areas. This is expected to relieve pressure on the United