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Time Bank Zimbabwe
Time Bank Zimbabwe Limited, also referred to as Time Bank Zimbabwe, but commonly known as Time Bank, is commercial bank in Zimbabwe. It is one of the seventeen licensed commercial banks in the country. Overview Time Bank is a small financial services provider in Zimbabwe. , the bank's total asset valuation is not publicly known. The shareholder's equity in the bank is estimated at US$12.5 million, the minimum capital requirement for a commercial bank in Zimbabwe, effective December 2010. Prior to 2004, the bank was primarily a retail bank. Following its re-opening in 2011, Time Bank will focus on investment banking. History The bank was founded prior to 2004. That year, it was closed down by the Reserve Bank of Zimbabwe (RBZ), the national banking regulator. The shareholders and management of the bank appealed that decision and the courts reversed it in 2009. The bank then successfully applied for reinstatement of its banking license. Time bank is scheduled to resume full banking ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Harare
Harare ( ), formerly Salisbury, is the Capital city, capital and largest city of Zimbabwe. The city proper has an area of , a population of 1,849,600 as of the 2022 Zimbabwe census, 2022 census and an estimated 2,487,209 people in its metropolitan province. The city is situated in north-eastern Zimbabwe in the country's Mashonaland region. Harare Metropolitan Province incorporates the city and the municipalities of Chitungwiza, Epworth, Zimbabwe, Epworth and Ruwa. The city sits on a plateau at an elevation of above sea level, and its climate falls into the subtropical highland category. The city was founded in 1890 by the Pioneer Column, a small military force of the British South Africa Company, and was named Southern Rhodesia, Fort Salisbury after the British Prime Minister Robert Gascoyne-Cecil, 3rd Marquess of Salisbury, Lord Salisbury. Company Company rule in Rhodesia, administrators Demarcation line, demarcated the city and ran it until Southern Rhodesia achieved respo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Commercial Bank
A commercial bank is a financial institution that accepts deposits from the public and gives loans for the purposes of consumption and investment to make a profit. It can also refer to a bank or a division of a larger bank that deals with wholesale banking to corporations or large or middle-sized businesses, to differentiate from retail banks and investment banks. Commercial banks include private sector banks and public sector banks. However, central banks function differently from commercial banks, despite a common misconception known as the "bank analogy". Unlike commercial banks, central banks are not primarily focused on generating profits and cannot become insolvent in the same way as commercial banks in a fiat currency system. History The name ''bank'' derives from the Italian word ''banco'' 'desk/bench', used during the Italian Renaissance era by Florentine bankers, who used to carry out their transactions on a desk covered by a green tablecloth. However, traces of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of Zimbabwe
The economy of Zimbabwe is a gold standard based economy. Zimbabwe has a $44 billion dollar informal economy in PPP terms which translates to 64.1% of the total economy. Agriculture and mining largely contribute to exports. The economy is estimated to be at $73 billion at the end of 2023. The country has reserves of metallurgical-grade chromite. Other commercial mineral deposits include coal, diamonds, lithium, asbestos, copper, nickel, gold, platinum and iron ore. After winning its independence from the United Kingdom in 1980, Zimbabwe has had a tumultuous economy, going from Africa's breadbasket to a country where, as of March 2025, over one-third of its population is facing food insecurity. The sweeping impact of land reform In 2000, Zimbabwe launched a controversial land reform that, over the next decade, would seize about 6,000 large, white-owned farms and convert them into over 168,000 black-owned farms. Many of the new occupants, mainly consisting of landless black ci ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Banks In Zimbabwe
This is a list of commercial banks in Zimbabwe, as updated mid-2024 by the Reserve Bank of Zimbabwe. List of commercial banks * AFC Commercial Bank Ltd, state-owned * African Banking Corporation Zimbabwe Ltd (BancABC), part of Atlas Mara Group * CBZ Bank Ltd * Ecobank Zimbabwe Ltd, part of Ecobank Group * FBC Bank Ltd, part of the FBC Group * First Capital Bank Zimbabwe Ltd, part of First Capital Bank Group * Metbank Ltd * Nedbank Zimbabwe Ltd, part of Nedbank Group * NMB Bank Ltd * Stanbic Bank Zimbabwe Ltd, part of Standard Bank Group * Standard Chartered Bank Zimbabwe Ltd, part of Standard Chartered Group * Steward Bank Ltd * ZB Bank Ltd (Zimbank) * Central Africa Building Society (CABS), part of Old Mutual Group * FBC Building Society, part of the FBC Group * National Building Society, state-owned * People's Own Savings Bank (POSB), state-owned * African Century Ltd, part of the African Century Group (Mauritius) * EmpowerBank Ltd, state-owned * GetBucks Microf ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Harare International Airport
Robert Gabriel Mugabe International Airport (), (known colloquially as "RGM", or Harare Airport) and formerly known as Harare International Airport and Salisbury Airport, is an international airport in Harare, Zimbabwe. It is the largest airport in the country and serves as the base of Air Zimbabwe, the national flag carrier. It is operated by the Civil Aviation Authority of Zimbabwe. History Commissioned in 1956, and officially opened on 5 February 1957, Salisbury Airport cost £924,000 to build. According to the 1950 report of the Director of Civil Aviation, the city's original aerodrome, Belvedere Airport, had proved to be inadequate and had to be abandoned for the following reasons: * the runway was some 45° out of alignment, given that approaching aircraft had to enter through a gap in Warren Hills; * because of the skewed align, aircraft were forced to take-off over the city centre, which posed a real danger of accidents; * the growing number of high-rise buildings in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Stock
Stocks (also capital stock, or sometimes interchangeably, shares) consist of all the Share (finance), shares by which ownership of a corporation or company is divided. A single share of the stock means fractional ownership of the corporation in proportion to the total number of shares. This typically entitles the shareholder (stockholder) to that fraction of the company's earnings, proceeds from liquidation of assets (after discharge of all Seniority (financial), senior claims such as secured and unsecured debt), or Voting interest, voting power, often dividing these up in proportion to the number of like shares each stockholder owns. Not all stock is necessarily equal, as certain classes of stock may be issued, for example, without voting rights, with enhanced voting rights, or with a certain priority to receive profits or liquidation proceeds before or after other classes of Shareholder, shareholders. Stock can be bought and sold over-the-counter (finance), privately or on ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Reserve Bank Of Zimbabwe
The Reserve Bank of Zimbabwe ( RBZ) is the central bank of Zimbabwe and is headquartered in the country’s capital Harare. History The bank traces its history to the Reserve Bank of Rhodesia, founded on 22 May 1964, but which succeeded the Bank of Rhodesia and Nyasaland (1956-1963) which had been liquidated at the collapse of the Federation of Rhodesia and Nyasaland in 1963. Prior to 1956, there was a Central African Currency Board from 1953, but which had been established as the Southern Rhodesia Currency Board in 1938 to provide Rhodesian currency, fully backed and bound to the British pound sterling at par face value. The local currency which Central African Currency Board was mandated to supply to Southern Rhodesia (colonial Zimbabwe), Northern Rhodesia (colonial Zambia) and Nyasaland (colonial Malawi) had been established through the Southern Rhodesia Coinage and Currency Act of 1932. The Reserve Bank of Rhodesia (which became the Reserve Bank of Zimbabwe at independence ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Investment Bank
Investment is traditionally defined as the "commitment of resources into something expected to gain value over time". If an investment involves money, then it can be defined as a "commitment of money to receive more money later". From a broader viewpoint, an investment can be defined as "to tailor the pattern of expenditure and receipt of resources to optimise the desirable patterns of these flows". When expenditures and receipts are defined in terms of money, then the net monetary receipt in a time period is termed cash flow, while money received in a series of several time periods is termed cash flow stream. In finance, the purpose of investing is to generate a return on the invested asset. The return may consist of a capital gain (profit) or loss, realised if the investment is sold, unrealised capital appreciation (or depreciation) if yet unsold. It may also consist of periodic income such as dividends, interest, or rental income. The return may also include currency gains ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Retail Bank
Retail banking, also known as consumer banking or personal banking, is the provision of services by a bank to the general public, rather than to companies, corporations or other banks, which are often described as wholesale banking (corporate banking). Banking services which are regarded as retail include provision of savings account, savings and transactional accounts, Mortgage loan, mortgages, personal loans, debit cards, and credit cards. Retail banking is also distinguished from investment banking or commercial banking. It may also refer to a division or department of a bank which deals with individual customers. In the U.S., the term ''commercial bank'' is used for a ''normal'' bank to distinguish it from an investment banking, investment bank. After the Great Depression, the Glass–Steagall Act restricted normal banks to banking activities, and investment banks to capital market activities. That distinction was repealed in the 1990s. Commercial bank can also refer to a b ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mortgages
A mortgage loan or simply mortgage (), in civil law jurisdictions known also as a hypothec loan, is a loan used either by purchasers of real property to raise funds to buy real estate, or by existing property owners to raise funds for any purpose while putting a lien on the property being mortgaged. The loan is " secured" on the borrower's property through a process known as mortgage origination. This means that a legal mechanism is put into place which allows the lender to take possession and sell the secured property (" foreclosure" or " repossession") to pay off the loan in the event the borrower defaults on the loan or otherwise fails to abide by its terms. The word ''mortgage'' is derived from a Law French term used in Britain in the Middle Ages meaning "death pledge" and refers to the pledge ending (dying) when either the obligation is fulfilled or the property is taken through foreclosure. A mortgage can also be described as "a borrower giving consideration in the fo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Zimbabwe
file:Zimbabwe, relief map.jpg, upright=1.22, Zimbabwe, relief map Zimbabwe, officially the Republic of Zimbabwe, is a landlocked country in Southeast Africa, between the Zambezi and Limpopo Rivers, bordered by South Africa to the south, Botswana to the southwest, Zambia to the north, and Mozambique to the east. The capital and largest city is Harare, and the second largest is Bulawayo. A country of roughly 16.6 million people as per 2024 census, Zimbabwe's largest ethnic group are the Shona people, Shona, who make up 80% of the population, followed by the Northern Ndebele people, Northern Ndebele and other #Demographics, smaller minorities. Zimbabwe has 16 official languages, with English, Shona language, Shona, and Northern Ndebele language, Ndebele the most common. Zimbabwe is a member of the United Nations, the Southern African Development Community, the African Union, and the Common Market for Eastern and Southern Africa. The region was long inhabited by the San people, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
