Money & Markets

Kelvin chamunorwa’s mother was a middle manager at a bank in Zimbabwe. She worked there for 25 years, steadily contributing to a pension. But horrendous inflation, which reached an annual…

Government workers will continue receiving the US$175 benefit through their nostro accounts, a top official has said. In a statement on Monday, Public Service Commission (PSC) secretary Ambassador Jonathan Wutawunashe…

The local currency is heading for a critical week and the government’s block on loans could wreck the agriculture sectorThe Zimbabwe dollar lost 40% of its value against its US…

Teo events wedding planner has finally paid back Greatman and Silibaziso’s money from the wedding. Teo made the announcement on his facebook page. “Hello Zimbabwe …I’m here to make this…

High street bank Santander has accidentally paid out £130m to thousands of accounts, both individual and business, in error on Christmas day.75,000 accounts that received one-off or regular payments from…

The Reserve Bank of Zimbabwe has stopped publishing beneficiaries of the foreign currency auction which it kicked off in March without any explanation. The central bank started publishing the names…

A fresh suite of co-branded Mastercard and Zimswitch payment cards has been unveiled by BancABC Zimbabwe, enabling customers to make secure digital, domestic and international payments; including e-commerce transactions.BancABC becomes…

Zimbabwe’s central bank on Tuesday announced the introduction of a new 50-dollar note, the country’s highest denomination, worth only around US$0.60. Insufficient to pay even for a loaf of bread,…

HARARE – Zimbabwe platinum production rose 11% in the first quarter to 120koz while it is estimated to grow 2% to 457koz in the full year (2021). According to the…