Tag: RBZ

More than 30 MFIs close shop due to Covid-19 induced shocks

As the economic situation takes a toll on businesses, a total of 31 Microfinance Institutions (MFIs) were closed down in…

RTGS Transactions Clock ZWL$1.5 Trillion in 2020

Electronic transactions are on the increase in Zimbabwe with the Central Bank reporting a 417 percent jump in the value…

Zim dollar weakens $0,44 against the dollar to close at 82.09 at this year’s first auction

THE Foreign Currency Auction Trading System resumed activity yesterday after the festive season break with the Zimbabwe dollar maintaining stability…

RBZ pleads for traders to accept torn US$ bank notes

The Reserve Bank of Zimbabwe (RBZ) governor, John Mangudya has urged retailers and other traders to accept both old and…

EcoCash starts liquidation process for agents funds

CASSAVA Smartech’s mobile money service, EcoCash, has started liquidating funds held by mobile money agents to their bank accounts in…

Zimbabwe: Restrictions on mobile money transfers a blow to financial inclusion

Mobile financial services are, in most African countries, born out of crises. In 2011, Zimbabwe had gone through a volatile decade…

Zim dollar firmed by ZWL$0.21 against the USD

THE Zimbabwe dollar firmed by $0.21 cents as it strengthened against the United States dollar amid sustained stability. It closed Tuesday’s…