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Insurers should learn from past experiences
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Economic climate ripe for new ZSE listings – The Zimbabwe Mail
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Fundamentals in the local financial services sector have improved over the past few years, with the sector rightly poised to finance economic requirements, the central bank has said.
In the past, a number of bank failures in the country were caused by poor corporate governance, insolvency and imprudent lending activities.
This was worsened by low confidence in the banking sector due to high transactional costs and marginal rates on deposits.
But both monetary policy intervention and strategies on the part of the banks themselves, have pulled the sector out of the doldrums.
Reserve Bank of Zimbabwe (RBZ) principal economist, Dr Nebson Mupunga, pointed out some key indicators on which the sector is doing well.
Zimbabwe Central Bank says banking sector is solid
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All is set for the Zimbabwe Finance Online Conference that will be co-hosted by the Financial Markets Indaba (FMI) and Business Weekly.
The conference to be held on May 5, 2021, will bring together experts in the banking and financial services sectors discussing the challenges and prospects in those sectors.
Industry decision makers, regulators, international financial institutions, global investment banks, development banks, Zimbabwe banks, institutional Investors, and world class FinTech providers will participate at the conference.
“Zimbabwe Finance Online Conference is dedicated to showcasing the growth and commercial opportunities in Zimbabwe’s developing banking and financial services sector.
“The Conference is being held virtually and will draw together innovative financial institutions from Zimbabwe, Africa and around the world, keen to unlock opportunities in Zimbabwe’s developing financial ecosystem,” said conference coordinator and FMI executive director Patr