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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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Business »
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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Thursday, 04 April 2013 10:44
HARARE - An unregistered micro-finance institution was yesterday fined $2 000 and barred from taking investors’ deposits after contravening the Banking Act. Perfect Shot Investments pleaded guilty to contravening banking registration laws when it accepted deposits and was involved in...Read More
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Business »
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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Business »
Thursday, 13 December 2012 09:27
HARARE - Tuli Coal (Private) Limited (Tuli) remains in limbo after the Reserve Bank of Zimbabwe (RBZ) frustrated Singaporean billionaire Sukamto Sia’s $40 million bid for the Beitbridge-based mining asset. The Asian investor, who had been introduced to the Zimbabwean market...Read More
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