Banking

At a time when Zimbabwe is planning a phased transition to a mono-currency system, with the goal of making the Zimbabwe Gold (ZiG) its sole legal tender by 2030, the ZiG has been ranked as one of the world’s worst-performing currencies,…
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HARARE - FBC Holdings Limited is negotiating credit lines worth more than US$50 million to strengthen its funding base and expand lending to customers, as liquidity constraints continue to weigh on the domestic financial sector.
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HARARE - Poor Zimbabweans, heavily reliant on mobile banking and traditional financial services for their daily transactions, are facing a "hidden burden" as "exploitative" charges for simple balance inquiries erode their already stretched…
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HARARE - FBC Bank Limited's bid to appeal a Labour Court ruling has been rejected by the Supreme Court of Zimbabwe, upholding the lower court's decision to strike off the bank's application for rescission of a default judgement in a labour…
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HARARE - Another leaked document has revealed that Attorney General Virginia Mabiza instructed the People's Own Savings Bank (POSB) to grant access to its vaults to Hebrew Investment Group (HIG), a controversial private investor fronted by…
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HARARE - Controversial Zimbabwean tenderpreneur Wicknell Chivayo has requested Ecobank to increase the maximum monthly cash withdrawal limit on his company's account to US$20 million.
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HARARE - A proposed merger between CBZ Holdings Limited (CBZHL) and ZB Financial Holdings Limited (ZBFHL), valued at US$2.5 billion, has collapsed due to regulatory hurdles.
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Mukuru Financial Services Zimbabwe Limited has been granted a license to operate a microfinance business in Zimbabwe, the central bank announced in a public notice on Wednesday.
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The Competition and Tariff Commission (CTC) has delivered a major blow to CBZ Holdings Limited's (CBZHL) growth strategy, denying its request to acquire more shares in First Mutual Holdings Limited (FMHL) and maintain its initial approved…
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Minority shareholders in First Mutual Holdings Limited (FMHL) will have to wait longer for CBZ Holdings Limited's (CBZHL) mandatory offer to purchase their shares.
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