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Monday, 13 May 2013 10:48
HARARE - The Reserve Bank of Zimbabwe (RBZ) says AfrAsia Kingdom Zimbabwe Limited (AKZL)’s banking unit Kingdom Bank Limited (Kingdom) is in a “sound financial position to continue normal business”. This comes on the back of media reports that Kingdom is...Read More
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Sunday, 12 May 2013 12:05
HARARE - The National Social Security Authority (Nssa) met Reserve Bank of Zimbabwe (RBZ) authorities on Monday to discuss Capital Bank Corporation Limited (CBC)’s recapitalisation initiatives, businessdaily has established. James Matiza, Nssa’s general manager, confirmed the meeting, but refused to divulge...Read More
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Sunday, 12 May 2013 11:32
HARARE - A car dealer has accused the Reserve Bank of Zimbabwe (RBZ) of flouting exchange control laws after conducting a transaction in United States dollars before the country adopted the multi-currency system. The allegation arose in an application filed by...Read More
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Wednesday, 17 April 2013 15:24
HARARE - Reserve Bank of Zimbabwe (RBZ) and Time Bank have reportedly agreed to an audit, and verification of the institution’s assets, in fulfilment of a handover-takeover process reached in March. The development also comes as the Chris Tande-led bank has...Read More
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Monday, 15 April 2013 10:27
HARARE - The Reserve Bank of Zimbabwe (RBZ) plans to carry out a due diligence of Tuli Coal Mine (Tuli), as it pursues the disposal of its 70 percent stake in the venture . This comes after the central bank’s governor...Read More
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Wednesday, 10 April 2013 12:51
HARARE - Reserve Bank of Zimbabwe (RBZ) governor Gideon Gono says Standard Chartered Bank Zimbabwe Limited (Standard Chartered) will not be closed, despite threats by the National Indigenisation and Economic Empowerment Board (Nieeb) to shut down the financial institution. Nieeb recently...Read More
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Thursday, 04 April 2013 11:27
HARARE - Reserve Bank of Zimbabwe (RBZ) governor Gideon Gono says Zimbabwe is not ready yet to have its own currency. Gono — who affirmed Finance minister Tendai Biti’s position on the reintroduction of the local currency — on Tuesday said...Read More
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Wednesday, 03 April 2013 11:32
HARARE - Central Bank governor Gideon Gono yesterday rubbished reports that State Security minister, Sydney Sekeramayi had taken pot shots at him about the missing gold coins and shortage of change. Sekeramayi was quoted in Uzumba-Maramba-Pfungwe where preparations were underway for...Read More
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Wednesday, 03 April 2013 11:32
HARARE - The Reserve Bank of Zimbabwe (RBZ) board has dismissed as false reports that Central Bank governor Gideon Gono stole 529 pieces of gold coins. Gono and his team of managers yesterday showed members of the press the 529 pieces...Read More
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Monday, 04 March 2013 12:43
HARARE - Zimbabwean financial institutions should brace for a tough economic climate this year due to tighter regulation and indigenisation threats, a report by stock broking firm Lynton-Edwards says. Last year, Finance minister Tendai Biti and Reserve bank of Zimbabwe (RBZ)...Read More
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Tuesday, 12 February 2013 09:30
HARARE - The Reserve Bank of Zimbabwe (RBZ) has imposed fines on exporters, accusing them of externalising up to $360 million. The regulator said some exporters were keeping their export proceeds offshore beyond the prescribed 90 days, thereby “contributing to the...Read More
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Friday, 01 February 2013 13:22
HARARE - The Reserve Bank of Zimbabwe (RBZ) yesterday signed a memorandum of understanding (MoU) with financial institutions, which sets out guidelines on bank charges and interest rates. The agreement is with effect from February 1 and shall endure for a...Read More
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Tuesday, 29 January 2013 10:47
HARARE - NMB Holdings Zimbabwe Limited (NMBZ) plans to raise $14,8 million fresh capital to ensure compliance of its banking unit NMB Bank Limited (NMB Bank) with the Reserve Bank of Zimbabwe (RBZ)’s new minimum capital requirements. The funds will be...Read More
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Wednesday, 23 January 2013 11:34
HARARE - Maverick businessman Munyaradzi Kereke is reportedly embroiled in a legal wrangle with African Banking Corporation (BancABC) over a $184 989 debt, although the bank claims he has paid off the money. The case, surfacing as the ex-Reserve Bank of...Read More
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Thursday, 10 January 2013 12:36
HARARE - Financial services group FBC Holdings Limited (FBCH) says it awaits approval of its bid to acquire Reserve Bank of Zimbabwe (RBZ)’s subsidiary Homelink (Private) Limited. Priscilla Sadomba, FBCH’s group marketing head, told businessdaily that the matter was yet to...Read More
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