Search results for 'Bank'
Zimbabwe
RBZ Repeal Penalties on Pricing Above Official Rate Under SI 34 of 2025: Analysing ZiG and Exchange Rate Policy Shift
Government has repealed Statutory Instrument 81A of 2024, which penalised businesses for charging goods and services above the official exchange rate set by the Reserve Bank of Zimbabwe (RBZ). This p
Apr 17, 2025
World
Zimbabwe Courts Western Creditors for $2.6 Billion Bridge Financing, But Policy Gaps Stall Progress
Zimbabwe is pursuing $2.6 billion in bridge financing to clear $6.7 billion in arrears, a critical component of its $21 billion public debt, equivalent to 96.6% of its 2023 GDP (World Bank, 2024). Fi
Apr 25, 2025
World
Gold Quarterly Snap: China Leads Demand, Jewellery Consumption Hits 35 Billion in Just 3 Months
Global gold demand soared to a record 1,206 tonnes in the first quarter of 2025, the highest Q1 figure since 2016, driven by a 1% year-on-year increase that included over-the-counter (OTC) investment.
May 07, 2025
Companies
NMB to Launch Enhanced Mobile Banking Application, Posts Robust Q1 Performance
NMB Bank is set to launch an enhanced mobile banking application for corporate and individual clients in the second quarter of 2025, aiming to elevate customer experience and drive fintech innovation,
May 19, 2025
Companies
First Capital's Non-Performing Loans Down to 3.7%: Testament to Enhanced Risk Management
First Capital Bank, Zimbabwe’s renowned financial services outfit, has achieved a remarkable feat in the first quarter of 2025, with non-performing loans (NPLs) plummeting from 7% in Q1 2024 to 3.66%
May 22, 2025
Zimbabwe
ZiG Firms for the First Time on Formal Market, Ends Bearish Streak Since April
The Zimbabwe Gold (ZiG) appreciated for the first time on May 21, 2025, strengthening to 26.8853 from 26.9786 per dollar the previous day, breaking a chain of loss-making streaks since April 25, when
May 23, 2025
Top Stories
Edgars Lines Up New Store Openings with Quality Affordable Clothes to Take on Informal Sector
Edgars Stores Zimbabwe Limited, a prominent fashion retailer established in 1946 by Sydney Press, has been a cornerstone of Zimbabwe’s retail landscape for over 77 years, catering primarily to middle
Jul 23, 2025Econet Enhances Connectivity in Underserved Communities, Sustains Dominance in Data, Voice Traffic in Q1
Econet has intensified its efforts to bridge the digital divide by deploying ten lightweight, cost-effective base transceiver stations (BTS) in underserved rural areas during the first quarter ended 3
Jul 22, 2025