Banking & Finance

NBS to float housing bonds

14th April 2017 Staff Reporter 0

CHINHOYI,– The National Building Society (NBS) plans to float a series of bonds in the second half of the year as part of moves to raise $150 million for the construction of 10,000 housing units […]

Banking & Finance

‘Make bond notes official currency’

13th April 2017 Staff Reporter 0

HARARE – The Reserve Bank of Zimbabwe (RBZ) says the country should adopt bond notes as a primary currency to alleviate cash shortages and solve economic challenges. RBZ director Economic Research Simon Nyarota said calls […]

Banking & Finance

Getbucks lists $30mln bond on ZSE

12th April 2017 Staff Reporter 0

HARARE,– Deposit- taking microfinance institution Getbucks on Wednesday said it is in the process of raising $30 million through a bond, the first such instrument to be listed on the Zimbabwe Stock Exchange. The company […]

Banking & Finance

Cash crisis to continue, warns opposition

12th April 2017 Staff Reporter 0

THE current cash crisis is set to deepen to unprecedented levels unless the government addresses the country’s economic fundamentals, the opposition Renewal Democrats of Zimbabwe (RDZ) has warned. The opposition party says failure by the […]

Banking & Finance

No exports, no more bond notes: Chinamasa

10th April 2017 Staff Reporter 0

FINANCE minister Patrick Chinamasa last week said no additional bond notes would be released into the market to ease the cash crunch, saying the only solution lay in increasing exports. by VENERANDA LANGA Chinamasa made […]

Banking & Finance

Mixed views on rand adoption

9th April 2017 Staff Reporter 0

HARARE – Propasals  for Zimbabwe to adopt the South African rand as the major instrument of trade amid growing United States dollar shortages has attracted mixed views, with some economists firm that it will boost […]

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