The Reserve Bank of Zimbabwe will conduct a final survey on the implementation progress of a new set of banking regulations before institutions go live in 2015.
Comesa has received US$43 520 118,16 from the European Union to support regional integration and has invited its member states to apply for funds before the end of next month
Reserve Bank of Zimbabwe (RBZ) governor John Mangudya dispatched his maiden monetary policy statement to various stakeholders via e-mails, a departure from what Zimbabweans had been accustomed to in the past 10 years.
Financial institutions have turned down a request by Matabeleland region farmers to accept as collateral their 99-year land leases in their loan applications.
Bob Diamond’s co-founded Atlas Mara has completed the acquisition of BancABC’s parent company and African Development Corporation.
The Deposit Protection Board is worried about government’s failure to recapitalise the corporation which now has just about US$12 million in its coffers.
Government should consult relevant stakeholders when formulating maize prices to avoid boycotts which are retrogressive to the economy.
Trade experts have said Zimbabwe’s membership in multiple regional trade blocs is reflective of a lack of trade strategy and is not benefitting local businesses.
Situations emerge in the process of creative destruction in which many firms may have to perish that nevertheless would be able to live on vigourously and usefully if they could weather a particular storm.
Cotton farmers in Zimbabwe are expected to benefit from the anticipated world demand as the development is set to boost the current cotton prices.