Reserve Bank of Zimbabwe Monetary Policy Statement 1 October 2018
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Economy to grow 6,3pc — minister
Economy to grow 6,3pc — minister The Herald 2/10/2018 Africa Moyo Senior Business Reporter FINANCE and Economic Development Minister Professor Mthuli Ncube yesterday said the economy will grow by 6,3 percent this year as signs of recovery continue to show, albeit at a slow pace. Prof Ncube said this yesterday in Harare while …
RBZ gives banks ultimatum…Orders separation of forex and RTGs money
RBZ gives banks ultimatum…Orders separation of forex and RTGs money The Chronicle 2/10/2018 Golden Sibanda, Harare Bureau THE Reserve Bank of Zimbabwe (RBZ) has given banks until mid this month to create separate nostro (external bank) foreign currency accounts (FCAs) and real time gross settlement (RTGS) FCA accounts, as part of measures to …
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Farmers advised to extend collateral space
Farmers advised to extend collateral space The Chronicle 1/10/2018 Oliver Kazunga, Senior Business Reporter FARMERS have been advised to extend collateral space by surrendering immovable property as security when borrowing loans to finance production amid concerns banks are still not accepting the 99-year leases. Despite a recent announcement by Government that farmers with 99-year …
National Foods forecasts better prospects
National Foods forecasts better prospects The Herald 28/9/2018 Ishemunyoro Chingwere Business Reporter DIVERSIFIED conglomerate, National Foods Limited, has forecast better economic fortunes for its business on the back of the new political dispensation ushered in November last year and confirmed at this year’s general elections. In its results for the year ending June …
Questions over AMA bills
Questions over AMA bills – NewsDay Zimbabwe 24/9/2018 ANALYSTS have raised concern over public debt sustainability after the Agricultural Marketing Authority (AMA), a wholly-owned State institution, announced it was issuing commercial bills of up to $75 million to finance the purchase of maize. BY TATIRA ZWINOIRA Others questioned the sustainability of purchasing the …
Agro loans surpass $500m
Agro loans surpass $500m – The Financial Gazette Tabitha Mutenga Features Editor 19/9/2018 NMBZ chief executive, Benefit Washaya BANKS have so far disbursed more than $500 million in agro loans for the 2018/19 season, the Bankers Association of Zimbabwe (BAZ) said.In the 2017/18 season, financial institutions lent a total $1 billion to the agriculture …
Black market rates soar
Black market rates soar Letwin Nyambayo • 15 September 2018 4:27PM • 1 comment HARARE – The bond note has continued to lose ground on the black market, with rates reaching a staggering 100 percent to the United State dollar yesterday. Last week, the bond was trading below 90 percent on the parallel market although …
Prospects look good for economy: Agribank
Prospects look good for economy: Agribank 3-4 minutes Source: Prospects look good for economy: Agribank | Herald (Business) Golden Sibanda Senior Business ReporterAGRIBANK, a State agriculture development bank, says Zimbabwe’s near and medium term prospects look good on the back of Government’s efforts to improve ease of doing business and measures to attract foreign investment. …
ED challenges banks to support farmers
ED challenges banks to support farmers The Herald Africa Moyo Senior Business Reporter President Emmerson Mnangagwa has challenged the banking sector to support economic revival, which has gathered pace in the last eight months, by extending loans to farmers at affordable interest rates. The President said this on Wednesday while addressing the 6th …