Ecocash to turn into ‘savings’ bank

BULAWAYO, October 2 (The Source) – Zimbabwe’s biggest mobile operator, Econet Wireless’ mobile money  transfer service is working on a platform that would allow its subscribers to save money, effectively turning into a virtual savings bank, an official said on Wednesday. Ecocash was launched on… Read More

Tobacco insurance premiums drop

HARARE, September 27 (The Source) – Insurance companies have registered a decline in tobacco premiums with farmers remitting $1.9 million in the 2012/13 season, down from $5.9 million remitted in 2011, a regulatory official has said. Speaking at a tobacco industry seminar, Insurance and Pensions… Read More

Bank lending rates creep up – AfDB

HARARE, September 23 (The Source) – Local banks have increased interest rates on individual borrowings between May and June this year, while lowering corporate rates after agreeing on a cap on fees and rates with the central bank early this year, the African Development Bank… Read More