ZIMBABWE’S microfinance sector has called for a crackdown on illegal money lenders who are undermining confidence in formal lending institutions. Illegal lending and unregulated informal financing remain widespread across the country, driven largely by the high number of unbanked citizens and lingering public distrust of banks following years of financial instability. Speaking at the 2025…
Call for crackdown on illegal lenders
According to the Reserve Bank of Zimbabwe, export earnings dominated the basket of foreign currency receipts, averaging 59,7 percent.