Mukuru licensed to conduct deposit-taking microfinance business

Judith Phiri, Business Reporter

THE Reserve Bank of Zimbabwe (RBZ) has licensed Mukuru Financial Services Zimbabwe Limited to conduct deposit-taking microfinance business with effect from 16 December 2024.

In a statement, RBZ Registrar of Microfinance Institutions, Mr Philip Madamombe said the registration and authorisation was in terms of the Microfinance Act [Chapter 24:30].

“It is hereby notified that Mukuru Financial Services Zimbabwe Limited, licensed in October 2024, has been authorised to conduct deposit-taking microfinance business in terms of the Microfinance Act [Chapter 24:30], with effect from 16 December 2024,” read the statement.

 

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