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 […]
The RBZ has issued a press statement signed by their boss, Dr John P. Mangudya. Here it is: PRESS STATEMENT DRAW DOWN OF FOREIGN CURRENCY FROM USD500 MILLION LINES OF […]
Yesterday’s Monetary Policy Statement was met with mixed reactions on various social media platforms such as Twitter, WhatsApp, Facebook etc. I am going to present to you just a few […]
So the big news yesterday was something we have always known but that Mangudya finally admitted: the USD is not equal to bond notes which are not equal to money […]
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 […]
The central bank, Reserve Bank of Zimbabwe (RBZ) has told people to expect more physical cash (cash), to withdraw, as it will be injecting more foreign currency into the financial sector […]
Maybe now is not the time to give up on spending hours in the bank queues waiting for cash you can get yourselves some US$ (United States Dollars). Some banks […]
In a positive and unexpected turn of events, the Governor of the central bank of Zimbabwe, John Mangudya, indicated that the Reserve Bank is ready to investigate blockchain technology. This […]
As a sign of a thawing of relations between Zimbabwe and the UK, last month the UK government advanced a $100 million facility to Zimbabwe to alleviate cash shortages and […]
Here is the latest chapter in the Golix vs RBZ (Reserve Bank of Zimbabwe) saga. The RBZ filed its opposing application with the courts. Summary of how we got here: the […]
May 2018 proved to be a crazy month in the cryptocurrency world. Cryptocurrencies went from ‘allowed’ to ‘banned’ and back to ‘allowed’ all in the space of 12 days. Governor […]
No surprise really, I was expecting the Reserve Bank of Zimbabwe to be challenged in court for their directive that effectively banned cryptocurrency in Zimbabwe. The central bank did not […]
So after sending out a circular to banks prohibiting them from opening and continuing to hold accounts for individuals and entities that trade in bitcoin and the rest of cryptocurrencies, […]
The central bank of Zimbabwe, RBZ, has placed a ban given a directive to banks and financial institutions to stop processing transactions to do with Cryptos. The measures are apparently being […]
The uptake of Point of Sale machines has exceeded the Reserve Bank of Zimbabwe’s expectations because of a 20 percent increase of POS devices in circulation. POS machines increased from […]
The banking sector is in a good momentum characterized by its profitability last year. Shrewd investments and lending practices have significantly reduced non-performing loans and prop the banking sector’s profitability. The shrewd […]
Earlier this year, The Reserve Bank of Zimbabwe Governor John Mangudya announced that the Zanu-PF controlled government was set to put in place measures to stop curb the multi-tier pricing system […]
Indicated by substantial profits, last year was a prosperous year for all banks in Zimbabwe. Cautious but shrewd lending among other factors has contributed for banks to post these profits. […]
Real estate agents are complaining that the three-tier pricing system in Zimbabwe is affecting the property market as it results in properties being valued at low prices. This means that real […]
The Reserve Bank of Zimbabwe has issued a statement on the use of virtual currencies in Zimbabwe at a time when Bitcoin, a cryptocurrency is trading at a premium in […]
The African Export Import Bank (Afreximbank) said they will avail a loan to the tune of $1.5 billion to Zimbabwe to assist with the economic recovery process. The president and chairman […]
Last night, Steward Bank launched it’s newest product: the Globetrotter card The Globetrotter card is a Visa card by Steward Bank. The card can be obtained by both Steward bank […]
Before you light your torches to burn me alive, I am well aware of the current situation as regards bond notes. Ever since their introduction at 1:1 with the USD, […]
REVIEW OF THE EXPORT INCENTIVE FOR TOBACCO GROWERS FOR THE 2018 TOBACCO MARKETING SEASON The Reserve Bank of Zimbabwe (the Bank) recognises the growing significance of tobacco as a key […]
Recently, the number one issue which made journalists from outside Zimbabwe call Techzim for a comment has been Bitcoin. Why? Bitcoin was (and still is) trading at a premium in […]
The RBZ has said that they are adding another $300 million worth of bond notes (I call them notes of bondage) by the end of November. They say this is […]
Like I said, I’m on a roll to help you save money. Actually, maybe we should call it the #cheapskate series, what do you think? 😉 Anyway, so EcoCash enables […]
So actually the full title is Minister of Cyber Security, Threat Detection and Mitigation and he is non other than the outgoing Minister of Finance and Economic Development, Hon Patrick […]
The RBZ says it has come to their attention that certain retailers and traders of goods and services are refusing to accept modes of payment other than cash. I do […]