Banking

Zimbabwe’s largest financial group, CBZ Holdings has reported an after tax profit of $12 million in the six months to June which is largely flat when compared to $11.9 million achieved in the same period […]

HARARE,– The central bank’s latest bid to deal with foreign currency shortages will hit hard Zimbabwe’s verdant mining sector, and has been described as ‘catastrophic’ by some industry players. “With immediate effect, 80 percent of […]

INFORMATION Communication Technology Minister Supa Mandiwanzira has expressed disquiet over Econet Wireless’ dominance of the country’s mobile money payments system saying this exposed the country to risk, should the largest telecommunications firm’s systems fail. Mobile […]

HARARE,– ZB Holdings reported a 38 percent increase in net profit from $5,9 million to $8,2 million in the six months to June driven by a jump in transaction revenue. Chief executive Ron Mutandagayi on […]

HARARE – Zimbabwe’s largest financial group, CBZ Holdings on Thursday reported an after tax profit of $12 million in the six months to June which is largely flat when compared to $11,9 million achieved in […]

Harare – Zimbabwe’s largest mobile payment solution EcoCash, owned by Econet Zimbabwe, has announced another reduction of its monthly transaction limit for its EcoCash debit card. In a text message sent to its subscribers, Econet said cardholders can […]

HARARE,– Zimbabwe’s central bank says it will print additional bond notes worth $300 million in an effort to ease biting cash shortages, stoking fears that the country could return to the era of money printing […]

HARARE – GetBucks MicroFinance Bank Ltd says it will now issue the second series of its bond listing by way of a tap issue after low uptake. The second series of its medium-term note listing was […]

LISTED telecoms firm, Econet has scaled down the issuance of new debit cards for its mobile money service, EcoCash, in line with the central bank’s directive to monitor foreign expenditure. Local financial institutions have been […]

Barclays has reported a first half attributable loss of over £1bn, which it blamed on the hefty hit it took from the sale of its African business. In the six months to the end of […]