WITH guaranteed pay outs of up to US$5 000, EcoSure’s US dollar packages offer great value for money for policy holders, and — with monthly premiums as low as US$0.50 — the packages are proving to be quite affordable for the generality of the public. Along with funeral cover, EcoSure also offers essential health related…
ZIMBABWEANS frantically trying to protect their savings from a collapsing currency have driven the country’s main stock index up by 600percent this…
FBC Holdings Limited (FBCH) and Standard Chartered Bank PLC have entered into an agreement for the acquisition of Standard Chartered’s business in Zimbabwe subject to the approval of the regulatory authorities, including the Reserve Bank of Zimbabwe. The announcement was made yesterday at Standard Chartered’s headquarters in Harare, Zimbabwe by Sunil Kaushal from Standard Chartered…
THE government says it is exploring mortgage systems that are in tandem with the prevailing economic situation in the country so that citizens can access loans and build houses. This development comes at a time when the country is grappling to clear a two-million housing backlog. Speaking during the ongoing second session of the United…
STANBIC Bank has called on mining stakeholders to work together to unlock the full potential of the sector and its value chain. The Standard Bank Group subsidiary’s chief executive (CE), Solomon Nyanhongo, said the mining sector has the potential to drive sustainable growth and development across Africa and beyond, especially if key stakeholders work together…
THE Reserve Bank of Zimbabwe (RBZ) will from today sell foreign currency using a market-determined exchange rate through banks. This comes as the Zimbabwe dollar yesterday plunged by almost 70 percent against the greenback at the Dutch foreign exchange auction system, trading at $3 673 against the United States dollar. In a statement last night,…
THE Bulawayo City Council (BCC) has warned motorists, whose vehicles would have been clamped for failing to pay parking fees, against illegally removing wheel clamps saying those caught engaging in such practices risk prosecution. This comes as some motorists in Bulawayo have resorted to unclamping their vehicles to evade paying hefty penalties in fines. BCC…
ZIMBABWE’S business community has been called upon to embrace government measures aimed at reducing inflation. This came out at the Business Hall of Fame ceremony held in Harare on Friday evening. The Business Hall of Fame event saw 10 renowned entrepreneurs being honoured for their contributions in various business sectors. Among them were Nigel Chanakira,…
THE government has given the green light to local lithium producers to export raw ore for a maximum period of two years while setting up their own processing plants. Exports of lithium ore were banned last year as part of efforts to boost mineral beneficiation in the country. Minister of Mines Winston Chitando told the…
LEADING financial services institution, Stanbic Bank, has established an incubation hub to empower and develop skills of entrepreneurs and start-ups to prop up their operations. The bank’s quest to empower small to medium enterprises (SMEs) and champion innovativeness has seen it establish and successfully run the Stanbic Bank Incubation Hub. Head of Enterprise Banking at…
