FBC Bank expands Mastercard offering

FBC Bank has launched a new suite of Mastercard products, building on its long-standing partnership with the global payments company and solidifying its position as a key player in Zimbabwe’s financial services sector. Speaking at the FBC Premium Mastercard launch this week, FBC deputy group chief executive Webster Rusere said the launch signifies a strategic…

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Time to get serious about de-dollarisation

ZIMBABWE’s efforts to transition to a mono-currency system by 2030 require urgent and decisive action from both fiscal and monetary authorities.The continued dominance of the US dollar in domestic transactions signals a lack of confidence in the local currency, exacerbated by macroeconomic instability and inconsistent policies.To meet the 2030 target, authorities must take deliberate steps…

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Tobacco deliveries revised down

AUTHORITIES have revised this year’s tobacco production from 300 million kg to 280 million kg due to the El Nino-induced drought effects that persisted until the end of 2024.Last year’s tobacco sales totalled 231.7 million kg. The 2025 tobacco marketing sales will open on March 5.Addressing the media after a pre-inspection tour to assess preparedness…

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