Banking

CBZ net income flat at $12 million

August 21, 2017 Staff Reporter 0

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 […]

Banking

RBZ forex directive to hit miners hard

August 21, 2017 Staff Reporter 0

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 […]

Banking

Supa threatens Econet’s Ecocash again

August 10, 2017 Staff Reporter 0

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 […]

Banking

EcoCash announces new transaction limit

August 3, 2017 Staff Reporter 0

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 […]

Banking

Econet scales down debit card issuance

July 31, 2017 Staff Reporter 0

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 […]

1 31 32 33 34