NMB chief executive officer Gerald Gore said total assets closed the period at ZW$1,03 trillion, driven by revaluation gains and foreign exchange gains.
This comes after several big companies have indicated that they have not been lucky in getting large capital from banks.
It said those netted were either operating without valid Zera licences or charging above regulator prescribed prices.
Local News
By Tafadzwa Mhlanga Sep. 29, 2023
Marowa said PR people have greater knowledge on how to approach different stakeholders.
Kuvarika said business was being affected by a liquidity squeeze, as the authorities try to control inflation.
Oliver Chiperesa, director general at the Financial Intelligence Unit (FIU), said the number of firms being penalised was decreasing.
He said Mnangagwa was well placed to make the bold decisions required to help NRZ return to full operations.
Local News
By Tafadzwa Mhlanga Oct. 20, 2023
Chanakira said Zimbabwe should attract global capital to complement domestic savings and improve economic growth.
Mutasa made the remarks at the Confederation of Zimbabwe Industries 2023 Annual Congress that began on Wednesday and ends today.
Local News
By Tafadzwa Mhlanga Oct. 27, 2023
A week ago, Mnangagwa reserved to his office 13 laws, including the Sovereign Wealth Fund (SWF) Act, through Statutory Instrument (SI) 189 of 2023.
Local News
By Tafadzwa Mhlanga Nov. 3, 2023
The strategy entails development and adoption of appropriate, accessible, affordable, scalable and sustainable person-centric digital health solutions.
Last month, the central bank standardised the export retention threshold for exporters at 75% from 85% for some exporters.
The agriculture sector contributes 40% of export receipts, with tobacco and cotton being the top exported crops.
Local News
By Tafadzwa Mhlanga Nov. 17, 2023