Finance

Digitalisation reduces the number of jobs in Zimbabwe banks by 75%

By Agencies Zimbabwe’s union of bank and related employees, ZIBAWU, says 75% of jobs in the sector have been eliminated
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FBC Holdings acquires Standard Chartered Bank Zimbabwe

By Agencies HARARE: In a move that reshapes Zimbabwe’s banking landscape, FBC Holdings has successfully acquired 100% of Standard Chartered
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Reserve bank sees use of US dollars offering policy consistency

By Bloomberg News Zimbabwe’s decision to keep using US dollars until 2030 allows for policy consistency, after previous currency turmoil
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Zimbabwean businesses welcome extension of US$-based currency system to 2030

By Tafara Mugwara I Xinhua HARARE: Zimbabwean businesses have welcomed the move to extend the U.S. dollar-dominated multi-currency system by
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Zimbabwe extends multi-currency system to 2030

By Reuters HARARE: Zimbabwe’s government will maintain its multi-currency system, anchored by the U.S. dollar, to 2030, it said on
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IMF says Zim inflation, forex rate volatility abates, but rules out financial support

By Business Reporter THE International Monetary Fund (IMF) has urged the Zimbabwe to “comprehensively” deal with its central bank’s quasi-fiscal
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IMF projects Zimbabwe’s economy to grow 4.8 percent in 2023; October inflation dips

By Xinhua HARARE: Zimbabwe’s real gross domestic product is expected to grow 4.8 percent in 2023, supported by strong performance
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Zimbabwe cedes world’s highest interest rate title to Argentina

By Bloomberg News HARARE: Zimbabwe lost its unenviable position of having the world’s highest interest rate to Argentina, after slashing
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Brazilian Fernandes new World Bank country manager for Zimbabwe

By Agencies HARARE: Brazilian national Eneida Fernandes has officially begun her assignment in Zimbabwe as the new World Bank Country
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Zimbabwe seeks compensation for pensioners whose savings were wiped out by 2009 hyperinflation

By Bloomberg news Zimbabwe wants the retirement industry to help compensate pensioners who lost their savings 14 years ago following
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