Banking & Finance

Cash is king in Mugabe’s Zimbabwe

15th January 2017 Staff Reporter 0

Walk into Pedzai Nyika’s furniture factory in Zimbabwe’s capital and he’ll offer a 20 percent discount straight away – provided you pay in cash. By Brian Latham, He’s not alone. A shortage of banknotes gripping […]

Banking & Finance

Bond notes hold ground

12th January 2017 Staff Reporter 0

BOND notes, which were introduced by the Reserve Bank of Zimbabwe (RBZ) in November to fund export incentives meant to boost domestic production, have so far defied predictions of creating a catastrophic currency black market. […]

Banking & Finance

EcoCash partners TransferTo

12th January 2017 Staff Reporter 1

Leading mobile payment solution, EcoCash has partnered cross-border mobile payments network, TransferTo, to expand its cross border reach for international remittances starting with South Africa. In a deal brokered by Cassava International, the Fintech arm […]

Banking & Finance

$9,6m bond coins now in circulation

3rd January 2017 Staff Reporter 0

HARARE – About $9,6 million worth of bond coins is now circulating in the Zimbabwean financial system, after the country pumped over $6 million worth of the coins since September last year, the Reserve Bank […]

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