Banks downplay ZWG shortages

The Reserve Bank of Zimbabwe switched to the Zimbabwe Gold currency after abandoning the rapidly depreciating Zimbabwe dollar.
By Tatira Zwinoira and Blessed Ndlovu Jun. 28, 2024

Banks brace for drought-induced shocks

Mutogo said by embracing sustainable banking practices, banks can contribute to the country’s sustainable economic growth while addressing the urgent need for climate action.
By Belinda Chiroodza Apr. 21, 2024

Bankers welcome monetary policy measures

In an interview with businessdigest, BAZ president Lawrence Nyazema said the fact that the monetary authorities were maintaining the multi-currency system was a positive move.
By Melody Chikono Apr. 12, 2024

Financiers shelve large-scale projects

Zimbabwe is battling to upgrade colonial infrastructure at a time there was an influx of rural to urban migration.
By Melody Chikono Mar. 22, 2024

Banks call for policy consistency

He added that the effectiveness of fiscal and monetary policies on the banking sector hinged on their coherence and consistency.
By Melody Chikono Mar. 17, 2024

Bank deposits transitory: Baz

Research has shown that depositors prefer banking their monies inside their homes which some have coined as the “Mattress Bank of Zimbabwe.”
By Blessed Ndlovu Dec. 7, 2023

Bankers propose sweeping changes to the tax regime

This comes as Finance Act No 7 of 2021 introduced an obligation for companies to pay their corporate and income taxes according to the currency used.
By Melody Chikono Nov. 29, 2023

Banks race to curb surge in card cloning

Statistics from the Reserve Bank of Zimbabwe (RBZ) point to a daily average of nearly ZW$50 billion being transacted through point-of-sale machines where bank cards are mostly used.
By Belinda Chiroodza Nov. 24, 2023

BancABC beefs up its cybersecurity

This comes as the Bankers Association of Zimbabwe has bemoaned the increase in bank fraud.
By Blessed Ndlovu Nov. 24, 2023