News
The Insurance Pensions Commission (Ipec) has urged the public to buy insurance products from regulated insurance institutions amid rising incidences of fake policies.
THE Reserve Bank of Zimbabwe (RBZ) is negotiating a $500 million funding package with the African Export and Import Bank (Afreximbank), as part of efforts to resolve the foreign currency shortages blighting the economy.
DIVERSIFIED financial services group FBC Holdings says it has set aside $10 million for the construction of houses countrywide this year.
Foreign investors are buying more than they are selling on the Zimbabwe Stock Exchange (ZSE) with interest in blue-chip counters.
ZIMSWITCH is in final stages to introduce an electronic transacting system for bulk payments to relieve pressure on the Real Time Gross Settlement (RTGS) system.
FBC Bank Limited managing director Webster Rusere has assumed the Bankers Association of Zimbabwe (BAZ) leadership following the end of Dr Charity Jinya’s tenure, whom he deputised.
Bulls charged on the Zimbabwe Stock Exchange (ZSE) in April as the mainstream All Share index closed the month 13,4 percent higher to 98,7 level.
The rand, which traded as low as R12.52 to the dollar last week, clawed back some of lost ground to open at R12.32 to the greenback on Monday morning.
FINANCIAL institution, FBC Bank says its current non-performing loans (NPLs) ratio is below 5% due to aggressive debt management control, adequate collateral security on borrowing as well as due diligence in terms of new borrowing.
The introduction of the United States dollar as a trading currency on the southern African regional payment system is expected to improve the settlement of transactions among banks within the region.