Cash Hoarding Chokes Zimbabwe’s Banks

The Bankers Association of Zimbabwe (BAZ) has raised concern over billions of dollars being hoarded outside the formal financial system by wealthy individuals, a practice that...

Zimbabwe’s blueberry farmers chase booming demand but face funding woes

'We need interventions and interventions have to come from the government. Nobody else'...

Zimbabwe’s ZiG crackdown against street dealers is good news for bankers

Zimbabwe has imposed fines for not doing transactions at the official exchange rate of the ZiG,...

Zimbabwe’s Plan to Drop US Dollar in 2025 Seen as Non-Starter

(Bloomberg) -- The US dollar will remain the dominant currency in Zimbabwe even after the government’s...

Zimbabwe Worker Exodus Intensifies With Economy in Meltdown

Years of mass migration from Zimbabwe has gained fresh impetus as an economic meltdown continues unabated,...

RBZ tinkers with exemptions as lending ban implodes

FEARS of blocking critical funding to the country’s fragile productive sectors and the resultant negative contagion...

Bank Fines, Suspensions Weighed by Zimbabwe for Currency Gouging

Zimbabwe is considering penalizing domestic banks, telecommunications operators and other businesses over what the government describes...

Critics: Zimbabwe’s New Currency Auction Unfairly Favors Big Business

The system is the country’s latest attempt to address its foreign currency woes, but small and...

Biggest Zimbabwe Bank to Buy Small Lenders in Consolidation Push

Zimbabwe’s biggest bank plans to buy several smaller lenders in a consolidation drive to leave the...

Open Committee Meetings Monday 2nd and Thursday 5th March

BILL WATCH...

Zimbabwe banks set to shed more jobs in 2020 due to digitalisation

Harare — After shedding 8% of their workforce last year, Zimbabwean banks may cut more jobs...

Zimbabwean Banks Plan to Fight $100 Million Paynet Lawsuit

Zimbabwean banks intend to fight a $100 million lawsuit brought by Cambria Africa Plc’s units in...

Zimbabwean Lenders Ask Central Bank to Lift Interest-Rate Cap

Zimbabwe’s lenders, which include units of Standard Bank Group Ltd. and Ecobank Ltd., appealed to the central bank to...

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