New export factoring product launched
Melfast Factoring has a new export factoring product to help exporting companies get their earnings on time and retain market share
The Zimbabwe Stock Exchange (ZSE) plans setting up a secondary bourse for small- and medium-sized enterprises.
ZSE chief executive Mr Emmanuel Munyukwi told the initiative would go ahead as planned, but did not mention dates.
Small-and medium-sized enterprises (SMEs) can benefit from a US$200bn facility provided by the government.
CFX Financial Services (CFXFS), the new owners of the Leasing Company of Zimbabwe (LCZ), an erstwhile Century Holdings Limited subsidiary, will follow the new trend and restructure the finance house.
The Ministry of Small and Medium Enterprises Development (SMED) has mobilised $12 billion for on-lending to small- and medium-scale enterprises (SMEs) as part of its efforts to develop the sector.
The First Factoring Company of Zimbabwe (FFCZ) has entered into a partnership with the Venture Capital Company of Zimbabwe (VCCZ) in a move expected to inject new financial products into the market.
Zimbabwe's economy at the moment finds itself in unprecedented macroeconomic difficulties. There is an acute shortage of foreign currency, inflation is rising on a daily basis and the economy has contracted immensely over the years.
The Export Credit Guarantee Corporation of Zimbabwe (Pvt) Ltd (ECGC) says it is enhancing its credit operations at a time when Zimbabwe's economy is facing several challenges.
Life in Zimbabwe is increasingly difficult due to the catastrophic economic difficulties, not only on a personal level but also in business. A fifth consecutive year of contraction grips the country.