the Banking & Finance community of Southern Africa

Visa International back in Zim

Wed, 23 Sep 2009 08:52:00 +0200

Standard Chartered Bank (Zimbabwe), the primary agent for Visa in Zimbabwe, announced the return of Visa this week, noting that it had started issuing bank customers with the cards on request.
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FNB Botswana appoints new CEO

Mon, 06 Jul 2009 16:00:00 +0200

Lorato Edith Boakgomo-Ntakhwana has been appointed as chief executive officer of First National Bank of Botswana (FNBB). Boakgomo-Ntakhwana is the first black female to be appointed to this position.
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Zim banks to import foreign cash

Fri, 20 Feb 2009 10:53:00 +0200

Zimbabwe's central bank has ordered banks to start importing foreign currency from their nostro accounts as banks began grappling with increasing demand for foreign cash, bankers said. A nostro account is a bank account established in a foreign country for the purpose of holding that country's currency.
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Inflation at 6.5 quindecillion novemdecillion percent

Thu, 22 Jan 2009 07:21:00 +0200

The Zimbabwe dollar now seems to have lost all its appeal, and calls for the adoption of a foreign currency to replace the struggling monetary unit and put an end to the country's crippling hyperinflation are becoming louder.
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