12.8 C
Harare
Wednesday, April 14, 2021
Inflation adjusted profit after tax of ZWL1.1 billion3.1 billion profit for the year under review in historical cost termsInflation adjusted net interest income declined by 18 percent Harare – Stanbic Bank has posted an inflation adjusted profit after tax of ZWL1.1 billion for...
The auction system is faring good in many respectsDespite helping to moderate the rate of ZW$ depreciation, the auction market has reflected some significant imbalances in the economy Harare – The forex auction system introduced by Reserve Bank of Zimbabwe (RBZ) on June...
Vuma now vice chairman of IADI-ARCIADI represents 86 deposit insurers The Chief Executive Officer of the Deposit Protection Corporation (DPC), Vusilizwe Vuma, was elected the new Vice-Chairperson of the International Association of Deposit Insurers, Africa Regional Committee (IADI-ARC) at the recently held virtual...
Syndicates believed to be using letter-box companiesSome companies involved in transfer pricingThe cycle continues and benefits a corrupt few Harare – The Zimbabwe Coalition on Debt and Development said nefarious and rent-seeking dealings on the auction-rate system by some rogue companies warrant urgent...
US$1billion Continental Transit Guarantee SchemeAbout US$200 million is earmarked for the COMESA region. Harare – African Export-Import Bank (Afreximbank) has signed the Instrument of Accession to the Inter-Surety Agreement for the Implementation of the COMESA Regional Customs Transit Guarantee/bond Agreement.
Bank has set up nine remote branchesPartnering ZLT, MTC, and Boost Africa Harare – Stanbic Bank on Tuesday said it has set up nine remote branches at tobacco auction floors throughout in a bid to enable ease of access to funds for tobacco...
US$2 million grant to establish the ACRCGrant will be disbursed through the Africa Digital Financial Inclusion FacilityThe project will benefit  250 million vulnerable customers and 2 000 to 3 000 financial institutions across Africa. Harare – The Board of Directors of the African...
Mahachi new Stanbic CFOReplaces Nyanhongo Harare – Financial services provider, Stanbic Bank has appointed seasoned banker, Tafadzwa Mahachi as their new Chief Financial Officer (CFO), with effect from March 1, 2021. Mahachi is a Chartered Accountant and a holder...
·      Meant to be a live environment in which to test fintech innovations before being fully implemented in the market ·      RBZ says initiative meant to promote synergy between traditional financial sector and fintech sector ·      Cryptocurrency innovations not eligible for sandbox
Overnight accommodation rate adjusted to 30% from 25%Withdrawal limits also go upThe apex bank is targeting below 10% annual inflation by year-end HARARE – The Reserve Bank of Zimbabwe (RBZ) has increased the overnight accommodation rate from 35% introduced in June 2019 to...