Maximum deposit protection cover increased to $1mln
TweetShareSharePin0 SharesBy ETimes The Deposit Protection Corporation of Zimbabwe (DPC) has made an upward review of the deposit protection cover by 733.33% to $1 million in order to keep pace…
FX auction system disbursed US$4.08bn since inception – RBZ
TweetShareSharePin0 SharesBy ETimes Zimbabwe has so far disbursed US$4.08 billion to businesses through the auction system since it started in June 2020, the latest data shows. The lion’s share went…
Unfavorable rates, inflationary pressures to reduce bank’s credit extension – Zimnat
TweetShareSharePin0 SharesBy ETimes Zimbabwe’s banks will limit credit availability owing to unfavourable rates and rising inflationary pressure, the latest report shows. Policymakers recently decided to increase the bank policy rate…
Expanding money supply still top concern for Zim economy, says IH
TweetShareSharePin0 SharesBy ETimes Zimbabwe’s main problem still revolves around increasing the money supply, warned IH Securities (IH). This comes as experts have continuously warned that the growing uncertainty within the…
Govt pending exceeds quarterly target
TweetShareSharePin0 SharesBy ETimes Government spending rose 15,2 percent above the first quarter of 2023 to $1,1 trillion with employment costs claiming the lion’s share, according to data from the ministry of…
Economy fragility an effect of elections
TweetShareSharePin0 SharesBy ETimes FBC Securities, a broking firm in its first quarter report said the economy is in a fragile state as the country awaits the much anticipated harmonized elections.…
Govt backs US$193m loan with royalties
TweetShareSharePin0 SharesBy ETimes Government has signed a US$193,3 million hospital and health centre construction financing deal with South African bank ABSA and Standard Bank Limited Zimbabwe. The financing deal kicks off…
OMIGZIM on Zim Economy: Baseline view suggest fragile stability
TweetShareSharePin0 SharesBy ETimes OMIGZIM on Zim Economy: Baseline view suggest fragile stability The pre-election picture is hampered by a politically unstable atmosphere and the danger of business blocking policies, the…
‘Banks are liquid enough’ RBZ
TweetShareSharePin0 SharesBy ETimes In his monetary policy of 2023, Reserve Bank of Zimbabwe (RBZ) Governor Dr. John Mangudya said bank deposits grew exponentially driven by increased use of USDs in…
RBZ to mint more gold coins if necessary
TweetShareSharePin0 SharesBy ETimes The Reserve Bank of Zimbabwe (RBZ) says it will not hesitate to mint more gold coins if the market demands them, defying the International Monetary Fund suggestions. “The…