The shortage of foreign currency and the accumulation of arrears is discouraging foreign investment as investors are unable to repatriate their dividends.
Royal Bank, one of the latest commercial banks in the country, made a profit of $70.2 million in its first eight months of operation, but it already had seven branches, the flagship branch being in Harare and others in Bulawayo, Chegutu Chipinge, Gwanda, Karoi and Nyanga.
The parallel market will not disappear until a holistic economic revival programme encompassing all sectors and markets of the economy is put in place.
The stock market which had become a safe haven for investors over the past two years is now lagging behind escalating inflation which soared to 228 percent last month.
Century Holdings, another financial services company which is expanding into the region, saw its International Transfer company in Botswana make a loss of $55 million but it says this was largely because the operation was a start up, but overall it made a net profit of $352.4 million.
The wide gap between the price of diesel and that of petrol could be an indication that the government is planning to phase out vehicles that use petrol from the public transport sector.