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Friday, July 30, 2021
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Further delays pushes results publication to 2 months beyond regulated timeframeCites the need to regularize financials with a view to increase transparency on sources of fundingYear-end results now expected by the end of May HARARE- Listed life assurer, Fidelity Life has issued a...
Profit after tax increased by 576%Unrealised gains settled at 562.08Total assets up by 31.19% Harare-Short term non-life insurers reported a total profit after tax of ZW$2.43 billion for the year ended 31 December 2020, representing a 576 percent nominal increase from ZW$359.52 million...
Africa’s collective debt now stands at 70% of the continent’s GDPProposed an international debt framework.Zimbabwe is presently ineligible to get loans from international financial institutions (IFIs) due to its high external debt. Harare – African Development Bank President Akinwumi Adesina, recipient of the...
The recent spikes have been fuelled by big companies.Bitcoin's total market value last month exceeded $1tn. Harare-  Cryptocurrency Bitcoin has risen for the first time above $60,000 (£43,100), continuing its record-breaking run. According to the document published by the...
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...
Afreximbank approves US$70m Beitbridge border post upgradeThe financing facility forms part of a US$204.4 million syndicated senior term loan facilityThe upgrade will include technological upgrades Harare – African Export-Import Bank (Afreximbank) has approved US$70 million to finance the expansion and upgrade of the...
·      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
Financial institution and investment holding company FBC Holdings Limited has launched a mobile merchant and bill payments option capping a year of solid market moving digital products release. Since embarking on a digitisation program in 2018, the financial services group, has never...
"Whilst this Facility is necessary to enhance productivity, it needs to be continuously reviewed to manage the risk of increasing reserve money in the economy" Harare – The Monetary Policy Committee (MPC) of the Reserve Bank of Zimbabwe (the Bank) has approved additional...
Eleven out of twelve life assurers failed to comply with prescribed asset ratiosAll reassurance players prescribed ratios were below 15% thresholdTotal investments in prescribed assets amounted to ZWL$1.95 million Harare- Life assurers continue to fail to meet the minimum required threshold for prescribed...