News
ZIMSWITCH is in final stages to introduce an electronic transacting system for bulk payments to relieve pressure on the Real Time Gross Settlement (RTGS) system.
Read MoreFBC Bank Limited managing director Webster Rusere has assumed the Bankers Association of Zimbabwe (BAZ) leadership following the end of Dr Charity Jinya’s tenure, whom he deputised.
Read MorePoint of Sale (POS) machines increased by 20 percent to 70 000 from 56 000 units by end of last year as the country moves closer to fulfilling targets set under the financial inclusion strategy and resolving the challenge of cash shortages.
Read MoreBulls charged on the Zimbabwe Stock Exchange (ZSE) in April as the mainstream All Share index closed the month 13,4 percent higher to 98,7 level.
Read MoreFINANCIAL institution, FBC Bank says its current non-performing loans (NPLs) ratio is below 5% due to aggressive debt management control, adequate collateral security on borrowing as well as due diligence in terms of new borrowing.
Read MoreThe rand, which traded as low as R12.52 to the dollar last week, clawed back some of lost ground to open at R12.32 to the greenback on Monday morning.
Read MoreThe introduction of the United States dollar as a trading currency on the southern African regional payment system is expected to improve the settlement of transactions among banks within the region.
Read MoreTHE proposed Insurance Crime Bureau in Zimbabwe must have the power to speedily prosecute cases brought before it because insurance fraud has been on the rise due to economic decay, analysts have said.
Read MoreHarare City Council, which has come under fire for leasing a commercial stand for $58 per month to FBC Bank, last week downplayed the furore, with Harare Mayor Councillor Bernard Manyenyeni saying the land in question is “just a borehole site”.
Read MoreNEW YORK (Reuters) - Bitcoin rose to a six-week high on Tuesday on positive headlines that included the possible entry of major financial institutions into the space, lifting sentiment on the overall cryptocurrency market.
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