Prof Mthuli Ncube, Zimbabwe’s Minister of Finance clearly believes in communicating and sharing ‘progress.’ Whether or not you believe what he calls progress is actually progress doesn’t matter, it is […]
Zimbabwe is on a journey of reform. Nobody ever said it wouldn’t be a bumpy ride; but the most important thing is that the journey has begun, and we are […]
South Africa’s Reserve Bank (SARB) has a fintech unit that investigates emerging trends and tests how viable they are. This same unit was the brains behind project Khoka (an interbank […]
The Reserve Bank Of Zimbabwe has announced (through their Twitter) that they will be drawing down on a US$500 million fund to supply the Interbank foreign currency exchange market on […]
The Media Institue of Southern Africa (MISA) has had its say on the recently increased cost of mobile internet data. Posting on their own blog here are the views expressed […]
So Standard Chartered Bank have started charging customers for depositing soiled notes i.e dirty USD notes. It’s not little money they are charging too: 10% of the total deposit! How […]
Zimbabwe is on a journey of reform. Nobody ever said it wouldn’t be a bumpy ride, but the most important thing is that the journey has begun, and we are […]
In the latest Monetary Policy, the Governor of the Reserve Bank did something radical. He floated the “local currency” which is now being traded at the so-called Interbank market rate. […]
Today Econet was almost totally dead. A good number of their subscribers couldn’t call, receive calls, text, enquire balance and more importantly couldn’t EcoCash. Not just today The operator has […]
As the Interbank Foreign Currency Exchange Market opened today so did the Reserve Bank of Zimbabwe started to show real-time prevailing exchange rates. The board shows exchange rates of 4 different currencies […]
When John Mangudya, the governor of the Reserve Bank of Zimbabwe introduced the re-instituted interbank foreign currency market, he said trading would start on the 25th of February which is […]
What a confusing statement. The governor of the Reserve Bank of Zimbabwe, John Mangudya said this: People should not get confused. In the bank, the RTGS balances have the same […]
The starting exchange rate between the USD and recently introduced RTGS dollar will be 1:2.5. This was announced by the governor of the Reserve Bank of Zimbabwe, John Mangudya at […]
Yesterday’s Monetary Policy Statement vindicated former Finance Minister, Tendai Biti who last week had disclosed that Zimbabwe was going to introduce a new currency. Indeed, Mr. Biti was right Zimbabwe […]
Dr Jesimen Chiupika, who is one of the deputy governors of the Reserve Bank of Zimbabwe and also the Chairperson of the Deposit Protection Corporation shared an interesting chart during […]
The Reserve Bank of Zimbabwe has put to rest Tendai Biti’s claim that the government is going to introduce a new currency this week. The former Finance Minister’s claim gained the […]
Former Finance Minister, Tendai Biti has just said that the government is going to introduce a new currency this week. The introduction of a new currency is expected to coincide […]
Despite all the hollow assurances from both the Minister of Finance and his counterpart the Reserve Bank of Zimbabwe’s governor, there is an economic crisis in Zimbabwe. Their ineffectual policies […]
The phrase “Cash Is King” doesn’t just apply to investment portfolios, apparently, it also applies to the state or quality of your cash (in this case, the state or quality […]
Although the central bank, the Reserve Bank of Zimbabwe (RBZ) succeeded in banning cryptocurrency trading, they failed to kill the cryptocurrency fanatic’s spirit, or rather their entrepreneurial spirit. Now a […]
The financial sector has been one industry that’s performing quite well in recent memory in Zimbabwe. This partly owed to the stringent lending practices which have dramatically reduced non-performing loans […]
After years of what we thought were unfounded conspiracy theories, today the Reserve Bank of Zimbabwe Governor, Dr. Mangudya has confirmed your worst nightmare. Dr. Mangudya has confirmed that a secret […]
Ecobank has a useful Q&A for clients regarding the recently announced separation of bank accounts into the so called ‘FCA Nostro and the FCA RTGS.’ I still grimace to think […]
Below is statement by Zimbabwe’s Minister of Finance and Economic Development, Prof Mthuli Ncube: Introduction 1. The economy is showing signs of recovery albeit with a number of challenges and […]
The major highlight of today’s monetary policy statement was the directive that banks must now separate the Nostro foreign accounts and local RTGS or Bond with effect from 15 October 2018. […]
Zimbabwe is now almost completely a cashless economy. The latest report on payment systems from the Reserve Bank of Zimbabwe revealed that cash was responsible for only 2.05% of all […]
In a surprising turn of events, it seems the RBZ is finally warming up to cryptos. It took the President appointing a new Minister of Finance and said Minister of […]
There is a ray of hope for cryptocurrencies fans in Zimbabwe after the new Finance Minister, Professor Mthuli Ncube showed a clear interest in digital currencies. He said that The […]
It’s well known in the banking sector that the emergence of blockchain is most likely to trigger a revolution in banking. However, it is in the hands of central banks that […]
According to a report in the Herald, the Reserve bank of Zimbabwe opened 19 microfinance institutions during the first half of 2018. Though the Empowerbank launch was publicised by the […]