Money markets: WorldRemit partners Mukuru oForex inflows set to improve

GLOBAL money transfer service provider, WorldRemit, has partnered Mukuru, one of Africa’s largest remittance providers to broaden options for cash pick up in Zimbabwe.

The partnership will be instrumental in bringing world-class financial services to Zimbabweans and generating new synergies for African financial inclusion.

Mr Pardon Mujakachi, head of sub- Saharan Africa and country director for Zimbabwe at WorldRemit said: “We have witnessed an increasing demand as more Zimbabweans are using our digital app to send money to their loved ones.

“Through this partnership, we are able to drive our service further and wider, providing access to remittances even in small towns and growth points across the country.

ALL SHARE
The All Share index recovered 2.51 points (0.16 percent) to close at 1,535.99 points. BAT added $5,2500 to $172,0000, Dairibord rose by $1,1943 to $7,2000 and Innscor added $1,1042 to settle at $21,1055. Zimre Holdings also increased by $0,2394 to $1,4425 and African Sun gained $0,2384 to close at $1,4800.

Trading in the negative; Meikleszw) lost $3,0000 to $12,0000, TSL eased $0,7500 to close at $3,8500 and Padenga was $0,5663 lower at $13,2837. Powerspeed also decreased by $0,2673 to $1,2600 and Hippo Valley Estates was $0,1968 weaker at $18,5000.

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