HARARE – Ecocash, a subsidiary of ZSE-listed Cassava Smartech, is engaging in shadow banking and is a Ponzi scheme that is creating fictitious money and balances in the system, FinX can report.
According to the Reserve Bank of Zimbabwe, Ecocash has...
HARARE – Standard Chartered chief executive Ralph Watungwa is the new Bankers Association of Zimbabwe president. أنطوان غريزمان
He takes over from FBC Bank managing director Webster Rusere, who completed his tenure at the annual general meeting, which was...
Exactly 30 days from the date a harried Mthuli Ncube wrote to the International Monetary Fund (IMF) pleading for debt relief and financial assistance to help Zimbabwe`s fight against Covid-19, the finance minister put out a series of tweets...
Jonathan Waters
BRITAIN had introduced daylight saving during World War I ostensibly to save coal. While this has been found to be a fallacious argument given the same number of daylight hours remain regardless, there was a good deal of...
HARARE (FinX) – The Reserve Bank of Zimbabwe lowered its key policy rate for the second time since the Covid-19 outbreak and the third time since the set-up of the Monetary Policy Committee, to provide monetary stimulus as the...
Farai Mabeza
HARARE – Zimbabwe expects that 30 percent of all tobacco sales will be done outside Harare after Government gazetted a statutory instrument authorising the setting up of decentralised tobacco auction sites in the wake of the COVID-19 pandemic,...
HARARE – The Reserve Bank of Zimbabwe (RBZ) has provided an update on the two bureau de change that were suspended from operations earlier in the month. Cash Twenty Four and Crediconnect were flagged for money laundering and were...
Farai Mabeza
The national cattle herd decreased by 4.7 % from 5 774 525 in 2018 to 5 489 364 in 2019, according to the First Round Crop and Livestock Assessment Report for the 2019/2020 season done by the Ministry...
Farai Mabeza
Government has announced a price moratorium on basic goods after prices skyrocketed following the start of the COVID-19 lockdown at the beginning of April.
The moratorium was announced by Vice President Kembo Mohadi who blamed the increases on speculative...
Farai Mabeza
Tobacco sales are set to be held at different locations across the country after the government gazetted a new statutory instrument which gives the Minister of Lands, Agriculture and Rural Resettlement the authority to set up auction floors on...
