Stanbic Bank marks 25th anniversary

November 7, 2017 Staff Reporter 0

STANBIC Bank Zimbabwe is celebrating 25 years as a financial services provider under Standard Bank group in the country. On 30 October 1992, ANZ Grindlays signed a deal selling all its African businesses (Zimbabwe included) […]


Brace for Zimbabwe Dollar Return – Biti

October 28, 2017 Staff Reporter 0

People’s Democratic Party (PDP) leader Tendai Biti has warned that President Robert Mugabe’s government will soon reintroduce the Zimbabwean dollar as the bloated government struggles with its finances. Government abandoned the Zimbabwe dollar in 2009 […]


‘TBs creating fictitious money’

October 23, 2017 Staff Reporter 0

HARARE – The Zimbabwean government has been warned against excessive use of Treasury Bills (TBs), which could collapse the local banking system as the government-backed paper is not backed by any physical assets. A TB is […]


Banking sector capitalisation increases

October 20, 2017 Staff Reporter 0

HARARE – Banking sector capitalisation increased to $1,24 billion by end of June 2017 from $1,22 billion recorded in the first quarter. Parliament’s Budget Office (PBO) said all the banking institutions were adequately capitalised and complied […]

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