Tag: cash

Is handling cash too expensive for Rwandan banks? Ted Kaberuka unpacks the argument

In Rwanda, the cost of handling cash is said to be higher than the profits of the all local banks with the exception of Bank of Kigali. On average, the financial institutions spend between 18 and Rwf20 billion annually managing money. Ted Kaberuka, Economic Analyst joins CNBC Africa to share on this and the solution.

In Mugabe’s Zimbabwe, hard currency just got a whole lot harder

  After defying economic gravity for a year, Zimbabwe’s homemade U.S. dollars have fallen to earth with a bump. Rumors the central bank was buying up black market U.S. dollars last month with one...

Zimbabwe’s OK grocery chain posts 800 percent rise in full-year profit

Zimbabwe's largest grocery chain OK Zimbabwe posted an 800 percent jump in full-year after tax profits.