Charity Jinya

The Bankers Association of Zimbabwe (BAZ) has elected FBC Bank managing director, Mr Webster Rusere, as its president taking over from Dr Charity Jinya. He would lead the organisation for two years and will be deputised by NMB Bank chief…
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The Bankers Association of Zimbabwe (BAZ) says banks are currently prioritising exporters for cash withdrawals and foreign currency allocation over individual account holders due to the prevailing cash shortages.
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Foreign-owned bank MBCA and the country's largest mobile network provider Econet Wireless Zimbabwe are finalising a deal which will see the bank integrate with the latter's mobile money platform EcoCash so joining the majority of banks.
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By  Gift Phiri Proposals  for Zimbabwe to adopt the South African rand as the major instrument of trade amid growing United States dollar shortages has attracted mixed views, with some economists firm that it will boost the economy while…
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By Happiness Zengeni The Reserve Bank of Zimbabwe has said bond notes in circulation have increased to $102 million as the central bank continues to pay out the Afreximbank-backed $200 million export incentive. In an interview…
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By Gift Phiri Bond notes — which have so far held their value against the US dollar — no longer pose an existential threat to President Robert Mugabe’s ruling regime, a research group has said, even though the cash-strapped country’s…
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By Gift Phiri In an unexpected development, Zimbabweans are stampeding to their banks in large numbers to withdraw the newly-introduced bond notes. For the third day running yesterday, stressed banks battled to cope with the long…
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By Paul Nyakazeya The depletion of banks’ nostros accounts has created serious settlement problems for international payments, resulting in most banks having a backlog for telegraphic transfers (TTs) going back as far as April this year,…
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