ZIMBABWE’s banking sector is preparing for the cascading effects of US aid cuts, a move that could destabilise the country’s economy and worsen existing economic challenges.In late January, US President Donald Trump ordered a 90-day suspension of foreign aid, halting all financial assistance distributed by the United States Agency for International Development (USAID). This decision…
Banks brace for ripple effects of US aid cuts
The RBZ said the banking sector reported an aggregate non-performing loan to total loans ratio (NPL) of 2,9 percent as of June 30, 2025 compared to 3,4 percent as at December 31, 2024.