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
The RBZ is responsible for formulating monetary policy, issuing the national currency, and regulating the financial and banking systems.