The cooking oil industry has engaged the Reserve Bank of Zimbabwe (RBZ) to review the weekly allocation of US$500 000 per member at a time when the edible price has more than doubled due to opening up...
By Staff reporter | Published: 02 June 2022
Listed clothing apparel Truworths' revenue was heavily affected by the Reserve Bank of Zimbabwe (RBZ)'s 20% surrender component which compels the local companies to remit a portion on all local US$ sa...
By Staff reporter | Published: 02 June 2022
The Reserve Bank of Zimbabwe has suspended the 30-day liquidation requirement on un-utilized foreign currency balances for exporters to support its use of free-funds policy. Last week the RBZ announce...
By Staff reporter | Published: 31 March 2020
The stock market fell on Wednesday but at a much slower pace as investors have adopted a somewhat wait and see approach until the dust settles on the ongoing currency reforms that Treasury and the Res...
By Staff reporter | Published: 18 March 2020
The Reserve Bank of Zimbabwe and the Tobacco Industry Marketing Board have announced payment modalities to tobacco farmers although failing to meet all of the demands, which had been put forward by th...
By Staff reporter | Published: 12 March 2020
A leading South Africa precious metals dealer African Medallion Group (AMG) has proposed to the Reserve Bank of Zimbabwe (RBZ) the launch of a digital currency backed by physical gold, with an aim to ...
By Staff reporter | Published: 07 November 2019
The Reserve Bank of Zimbabwe released its monthly economic review documents for July 2019. The publication gives a general overview of a wide range economic statistics. The monetary statistics are a k...
By Staff reporter | Published: 18 October 2019
RESERVE Bank of Zimbabwe (RBZ) deputy governor Jesimen Chipika has urged banks to focus on savings deposits in order to enhance financial support to the productive sectors.Productive sectors of agricu...
By Staff reporter | Published: 18 October 2019
The integrity of the Reserve Bank of Zimbabwe (RBZ) as the regulator of the financial services sector has come under the spotlight as the country battles cash shortages, exchange rate distortions and ...
By Staff reporter | Published: 05 October 2019
THE Reserve Bank of Zimbabwe (RBZ) yesterday returned to the market with a fourth batch of treasury bills (TBs), this time seeking to raise ZWL$300 million to finance Government programmes. The latest...
By Staff reporter | Published: 04 October 2019
INSURER, Zimnat, says it has received exchange control permission to invest policyholder's funds contributed in foreign currency in offshore financial markets. The exchange control approval relates to...
By Staff reporter | Published: 04 October 2019
The Reserve Bank of Zimbabwe (RBZ) has today brought back the on cash-in, cash-out and cash-back facilities attached with stringent rules.In a statement, the RBZ advised payment system providers...
By Staff reporter | Published: 02 October 2019
THE Reserve Bank of Zimbabwe has banned with immediate effect all cash-in, cash-out and cash-back transactions, which were used by some dealers to extort cash from members of the public. Further, the ...
By Staff reporter | Published: 01 October 2019
Ministers have recently issued threats against Econet's mobile money service, EcoCash, whose agents are accused of charging desperate Zimbabweans looking for cash a massive premium of up to 60 percent...
By Staff reporter | Published: 30 September 2019
THE Reserve Bank of Zimbabwe (RBZ) said on Friday it got offers four times more than the $100 million it sought to raise through treasury bills (TBs), signalling high investor appetite in the instrume...
By New Ziana | Published: 30 September 2019
The Reserve Bank of Zimbabwe in partnership with other stakeholders is working on a National Fintech Strategy and has already put in place an Interagency Fintech Working Group that is expected to play...
By Staff reporter | Published: 30 September 2019
The Reserve Bank of Zimbabwe has directed mobile payment system providers and merchants to discontinue cash in and cash out with immediate effect while it has also directed economic agents to disconti...
By Staff reporter | Published: 30 September 2019
PUBLIC Accounts Committee chair Tendai Biti says parliament will soon recommend the prosecution of some top Reserve Bank of Zimbabwe (RBZ) officials over the reckless issuance of treasury bills (TBs) ...
By Staff reporter | Published: 27 September 2019
Reserve Bank of Zimbabwe (RBZ) Governor Dr John Mangudya yesterday expressed concern over the rising cases of "fake news" which have the capacity to undermine Government efforts to transform the econo...
By Staff reporter | Published: 27 September 2019
Government, through the Reserve Bank of Zimbabwe (RBZ), has moved to refine the operations of bureaux de changes to align their foreign currency exchange rate with that of the official interbank marke...
By Staff reporter | Published: 24 September 2019
In the absence of an international bailout package, the Reserve Bank of Zimbabwe has presented a monetary policy statement strongly focused on domestic resource mobilisation aimed at reviving the prod...
By Staff reporter | Published: 23 September 2019
ZIMBABWE'S power utility, Zesa Holdings says the Reserve Bank of Zimbabwe (RBZ) has not provided with foreign currency to import power since last October.This comes as the southern African country is ...
By Staff reporter | Published: 10 July 2019
About US$645 million has been traded on the interbank market since the platform was established in February this year, Reserve Bank of Zimbabwe (RBZ) governor Dr John Mangudya has said. "As at the end...
By Staff reporter | Published: 09 July 2019
THE Reserve Bank of Zimbabwe (RBZ) says the country has recorded an annual increase of money supply by almost ZWL$3 million while both exports and imports decreased by over 15%.This is contained in th...
By Staff reporter | Published: 04 July 2019
The Reserve Bank of Zimbabwe (RBZ) says it has written to international exchanges requesting them to officially recognise the Zimbabwe dollar as a tradeable currency.The reintroduction of the local cu...
By Staff reporter | Published: 04 July 2019
Concern over Masvingo black market 
Kenya declares three days of mourning for Mugabe 
UK's Boris Johnson quits over Brexit stretegy 
SecZim licences VFEX 
Zimbabwe abandons debt relief initiative 
European Investment Bank warms up to Zimbabwe 
Young Investment Professional (YIP) Graduate Programme 2019 
Young Investment Professional (YIP) Graduate Programme 2019
