RBZ disburses US$1,7bn to over 3 000 importers
The Reserve Bank of Zimbabwe (RBZ) has disbursed US$1,176 billion for critical imports to over 3 000 importers since the inception of the weekly auction in June last year.
Imported software blamed for high banking charges
FINANCE and Economic Development Deputy Minister Clemence Chiduwa has said the cost of imported software is a major driver of high bank charges being levied by financial institutions to depositors.
Treasury commences stakeholder input for mid-term budget
Treasury is currently in the process of taking in input for the upcoming mid-term fiscal review, as well as the 2022 Budget Strategy paper (BSP) from key stakeholders.
Bill to expunge legacy debts on cards
Payment of legacy debts could take a bit longer depending on the route affected parties would have chosen to have the debts expunged, Business Weekly has learnt.
Masimba to maintain growth trajectory
Construction firm, Masimba Holdings Limited, is expecting to maintain its growth trajectory with a strong order book, withstanding the volatile environment precipitated by the Covid-19 pandemic.
GetBucks records subdued profit
Financial services provider, GetBucks Microfinance Bank’s performance for the first quarter to March 31, 2021 was subdued with after tax profit falling 78 percent as effects of Covid-19 persisted.
Escrow Group partners Kenya’s NSE
Diversified fintech group – Escrow Group, has partnered the Nairobi Securities Exchange (NSE) in developing the Unquoted Securities Platform (USP) which allows non-listed firms raise capital in a transparent manner in Kenya.
An overview of project finance documents
The quintessence of project financing is the parcelling out of project and other risks amongst the numerous parties participating in a given project. This apportionment of risk is achieved through the complex array of contractual relations between the various project parties as defined in the contracts concluded between them. The manner in which projects must be structured or how the risks should be allocated amongst the project parties is not cast in stone.
Make the most of every opportunity
The greatest risk in life, is not taking any risks. Life is too short to spend it cautiously; this is not in any way a call to reckless living, but a call to taking positive risks. We are a product of people who take and took risks in their lives.
Taking Stock: Zim economy marches on
The world over, the coronavirus has pushed economies into a slowdown of unknown severity, but for some reason, Zimbabwean companies seem not to have suffered as much.











