Case for private credit in Zimbabwe’s financial landscape

IN today’s volatile economic climate, the phrase “one man’s problem is another man’s solution” seems increasingly relevant, especially within Zimbabwe’s financial sector. In the wake of recurring economic shocks ranging from drastic currency changes to rising interest rates and fluctuating statutory reserve requirements, the financial landscape has become increasingly hostile for traditional banks. But within…

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Fidelity increases lending to miners

FIDELITY Gold Refinery (FGR) plans to expand the number of miners who will be granted loans from the Gold Development Fund this year, reaffirming its commitment to supporting the sector with tailored solutions. FGR introduced low-cost funding for artisanal and smallscale miners to support the expansion of mining operations and boost gold production within the…

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Apple iPhone sales dip despite AI rollout

SALES of Apple iPhones dropped at the end of last year, as the tech firm’s roll out of new artificial intelligence (AI) features was met with a lukewarm response. Chief executive Tim Cook said the new features helped to drive stronger sales in the countries where they were available, such as the US. But iPhone…

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