16.7 C
Harare
Friday, February 28, 2020
The decision by the Government through the Reserve Bank of Zimbabwe (RBZ) to unofficially begin the process of de-dollarisation through the introduction of bond notes has provided the Central Bank with a new monetary policy tool. Operating with no official discount rate or sovereign currency, monetary policy has largely...
Banks in Zimbabwe that have released their trading updates have announced impressive performance despite a negative operating environment. CBZ, Barclays, NMB, ZB and Agribank, the only banks that have released their trading updates during their annual general meetings have all registered big increases in revenues and profits, while the national...
“Dear customer FBC is now linked to Ecocash. Move money from bank to wallet….” That is the message I received last week on my mobile phone. They say, “if you cannot beat them, join them”, banks in Zimbabwe have finally resolved to do the inevitable, that is transferring their...
Malawi’s First Merchant Bank (FMB) completed its acquisition of Barclays Plc’s Zimbabwean assets, cementing the dominance of pan African banks in sub Saharan Africa (SSA) banking landscape. Over the years, there has been a rapid rise in pan African banks with seven major pan African banks having presence in at...