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Mukuru Financial Services Zimbabwe Limited has been officially authorized to conduct deposit-taking microfinance business. This milestone, licensed under Section 13 of the Microfinance Act [Chapter 24:30], takes effect from December 16, 2024, marking a new chapter for the company and Zimbabwe’s fintech landscape.
The announcement came via a public notice issued by the Reserve Bank of Zimbabwe. The license confirms that Mukuru Financial Services Zimbabwe meets the legal and regulatory requirements to accept public deposits while advancing financial inclusion in the country.
Mukuru Financial Services Zimbabwe spokesperson emphasized the importance of this development, saying, “This authorization aligns with our vision to bring accessible, innovative financial solutions to Zimbabwean communities, bridging the gap between technology and financial empowerment.”
With the formal registration and authorization now secured, Mukuru is poised to expand its role in Zimbabwe’s growing digital economy, providing consumers with reliable, technology-driven financial services.
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