June 2018

HARARE – Zimbabwe’s banks are posting startling profits that are buttressing economists and investors’ belief that revenues from electronic transactions charges were reinvigorating the long-struggling financial sector. This comes as most transactions are now being done electronically as buyers and sellers, employers and employees, tenants and landlords are all using electronic means to make payments….

HARARE – Zimbabwe National Roads Administration (Zinara) managers, who are accused of siphoning close to $119 million from the parastatal, will have their day of reckoning in the next few days, sources say. This was after a recent report compiled by a five-member independent committee revealed that Zinara lost over $119 million to former acting…

HARARE – Africa Finance Corporation (AFC), which holds $3,2 billion in assets under management, says it is ready to pour in millions of dollars needed for the construction and refurbishment of infrastructure in Zimbabwe. This was after the southern African country last week became the latest member to join the international money lender. “In becoming…

HARARE – Barclays Bank Zimbabwe has donated $70 000 to the Zimbabwe Farmers Union (ZFU) under third phase of the “Fit for Life” programme which is aimed at contributing to financial inclusion and food security in the country. Speaking at the handover ceremony at Nyamashato Primary School in Murewa, Barclays managing director Sam Matsekete said…

HARARE – Zimbabwe has in the past few months received over $400 million in foreign direct investment and the country has potential to rake in billions of dollars, a top economist has said. Neville Mandimika, an economist at South Africa’s Rand Merchant Bank, said local markets have been buoyed by the ascendency of President Emmerson…