HARARE, July 13 (The Source) – Zimbabwe’s state net revenues amounted to $1,7 billion in the half year to June 30, 2,72 percent above target and 9,74 percent higher than the comparable period last year, the tax agency said on Thursday.
By Kuda Chideme, HARARE, July 12 (The Source) – Zimbabwe’s inflation rate is too low, and needs to increase to stimulate economic growth, central bank governor John Mangudya has said.
MUTARE, July 12 (The Source) – The Depositors Protection Corporation (DPC) has recovered $35 million from six closed banks and has so far reimbursed $3,2 million out of $6 million owed to depositors, chief executive John Chikura said on Wednesday.
HARARE, July 11 (The Source) – The Reserve Bank of Zimbabwe (RBZ) on Tuesday announced a major reduction in registration fees for setting up bureaux de change in the country, a move it says would eliminate illegal money changers.
HARARE, July 11 (The Source) – Mobile based banking in April reached $792.5 million, an all time high as cash strapped Zimbabweans shift to digital platforms, recent report has shown.
HARARE, July 10 (Reuters) – Zimbabwe’s Steward Bank has suspended payments to the pay-TV subsidiary of South Africa’s Naspers, citing unavailability of foreign currency, in a sign that dollar shortages are worsening in the southern African nation.
VICTORIA FALLS, June 6 (The Source) – Financial group CBZ Holdings on Thursday launched a project to construct 1,313 houses at a cost of $11 million in the resort town of Victoria Falls.
HARARE, July 3 (The Source) – National Social Security Authority profit increased by 230 percent to $105,9 million for the full year to December 31, 2016, on the back of less write downs and improved contributions.Income rose seven percent to $354,6 million from $331 million… Read More
HARARE, June 28 (The Source) – Zimre Holdings Limited (ZHL) on Wednesday said it has been granted permission by the central bank to open a $2 million offshore account for its reinsurance company, Baobab, to allow the company to underwrite foreign insurance business.
HARARE, June 23 (The Source) – Fidelity Life Assurance on Friday said its total income stood at $8,4 million against the budget of $12,3 million in the five month period to May 31, but expects new products and insurance business to improve its financial performance… Read More
HARARE, June 21 (The Source) – Shareholders of the deposit taking microﬁnance institution, Getbucks Zimbabwe on Wednesday approved the name change to GetBucks Microfinance Bank Limited as it seeks to expand its product offering. “The change in name has been necessitated by the change in… Read More
HARARE, June 20 (The Source) – State-run pension fund, National Social Security Authority (NSSA) has moved to consolidate its insurance portfolio via a deal which will see First Mutual Limited (FML) acquiring a controlling stake in Zimbabwe’s largest short-term insurer, NicozDiamond. NSSA is the anchor… Read More
HARARE, June 20 (The Source) – The Agricultural Bank of Zimbabwe (Agribank) has set up a $10 million facility aimed at promoting horticulture production in the country. The facility has an annual interest rate of up to 10 percent and has a tenor of up… Read More
HARARE, June 19 (The Source) – Zimbabwe’s annual broad money supply grew by 22,67 percent in April to $6,2 billion, largely driven by an increase of 31,22 percent in transferable deposits, latest data from the central bank has shown. However, negotiable certificates of deposits (NCD)… Read More
HARARE, June 16 (The Source) – Tendai Biti, opposition doyen, top lawyer and former Finance Minister, and Kudzai Chipanga, a Zanu PF rabble rouser who believes his leader is an angel of God, have more in common than they would ever admit. Last week, it… Read More