Bulawayo24 News - Skyes! "it makes perfect sense"

Unlicenced joyride 'car thief' beg court

A 42-year-old man from New Lobengula, Bulawayo, who allegedly stole a Toyota Hiace kombi before crashing it into a precast wall while fleeing from police, has pleaded with the court to grant him legal representation.Jonathan Mpofu appeared…

Published: 4 mins ago | | by Staff reporter

Women's Bank partners Govt

The Zimbabwe Women's Microfinance Bank (ZWMB) has joined hands with Government to facilitate access to tractors under the Belarus mechanisation scheme, in a move aimed at advancing agricultural productivity, food security and women's econo…

Published: 4 mins ago | | by Staff reporter

Infant dumped in bin at bank entrance

The Mutare community has been left in shock after the body of an infant was discovered dumped in a refuse bin outside First Capital Bank in the central business district.A passer-by made the grim discovery at around 5pm on Saturday and imm…

Published: 09 Sep 2025 at 19:50hrs | 102 | by Staff reporter

Pastors4ED question disbursement of Presidential fund method

Tension briefly flared at the Masvingo Agricultural Showgrounds when members of Pastors4ED voiced frustration over the method of receiving their share of the Presidential Empowerment Revolving Fund.The controversy arose after Pastors4ED me…

Published: 19 Aug 2025 at 19:09hrs | 396 | by Staff reporter

Ex-bank consultant jailed for US$23,000 fraud

A former ZB Bank loan consultant, Cosmas Bhude, has been sentenced to an effective three years and nine months in prison for defrauding clients of more than US$23,000 through a series of fraudulent loan transactions.The 41-year-old appeare…

Published: 16 Aug 2025 at 13:25hrs | 164 | by Staff reporter

Zimbabwe banking sector profits drop

Zimbabwe's banking sector has reported a steep drop in earnings for the first half of 2025, with aggregate profits plunging to ZiG5,0 billion (US$184,07 million) from ZiG10,4 billion (US$760,37 million) in the same period last year, accord…

Published: 08 Aug 2025 at 08:30hrs | 138 | by Staff reporter

ZB faces shareholder revolt

ZB Financial Holdings (ZBFH) is once again embroiled in a shareholder dispute, as long-simmering tensions with prominent investor Nicholas Vingirai flare up over allegations of flawed audit procedures and unfulfilled legacy agreements.Ving…

Published: 25 Jul 2025 at 14:09hrs | 270 | by Staff reporter

Zimbabwe police arrest third suspect in $4 million Bulawayo bank robbery

Police have announced the arrest of a third suspect linked to the high-profile $4 million bank robbery that took place in Bulawayo last October, marking a significant breakthrough in the investigation.The suspect, 39-year-old Bhekani Mlilo…

Published: 18 Jul 2025 at 21:09hrs | 1721 | by Staff reporter

Zimbabwe central bank reports drop in inflation

The Reserve Bank of Zimbabwe (RBZ) has expressed cautious optimism about the country's economic trajectory, citing encouraging signs in inflation control, exchange rate stability, and foreign currency inflows. The outlook was contained in …

Published: 10 Jul 2025 at 10:11hrs | 181 | by Staff reporter

Zimbabwe women's bank opens 11 000 accounts in 2024

The Zimbabwe Women Microfinance Bank (ZWMB) opened 11,120 new savings accounts in 2024 as part of the Government's ongoing push to promote financial inclusion and empower marginalized groups - particularly women and youth - across the coun…

Published: 08 Jul 2025 at 09:52hrs | 92 | by Staff reporter

Bail ruling set for Ecobank fraud suspects

Three men accused of defrauding Ecobank of US$73,000 through a company called Jerrypat Electricals (Pvt) Ltd are set to appear in court tomorrow for a bail ruling.The accused, Nigel Gwanzura, Mluleki Dube (48), and Rasheed Mkwala (26), app…

Published: 03 Jul 2025 at 09:25hrs | 723 | by Staff reporter

Zimbabwe bank heist now treated as attempted robbery

What was initially reported as a major armed robbery in Mt Darwin, in which US$700,000 and 2.4 kilogrammes of gold were allegedly stolen, is now being treated as an attempted robbery, the Zimbabwe Republic Police (ZRP) has confirmed.In an …

Published: 27 Jun 2025 at 19:47hrs | 1627 | by Staff reporter

ZBFH to surrender building society licence by year-end

Financial services group ZB Financial Holdings (ZBFH) has announced its intention to comply with the Reserve Bank of Zimbabwe's (RBZ) conditions to surrender the licence of its building society unit by the end of 2025.The central bank requ…

Published: 11 Jun 2025 at 08:40hrs | 130 | by Staff reporter

CBZ supports Highlanders

Some of Highlanders' Problems Being Addressed, Thanks to CBZ Holdings PartnershipSome of the challenges facing Highlanders Football Club are now being resolved, with CBZ Holdings stepping in to support the team through various initiatives.…

Published: 05 May 2025 at 15:55hrs | 194 | by Staff reporter

CABS renews US$40m facility to support the Zimbabwe economy

The Central Africa Building Society (CABS), a member of Old Mutual Zimbabwe, has reaffirmed its commitment to driving economic development and social impact across Zimbabwe, following the release of its financial results for the year ended…

Published: 21 Apr 2025 at 09:03hrs | 282 | by Staff reporter

Banks smile all the way to the bank, while depositors bear cost of high fees

Shareholders in Zimbabwe's banking sector are enjoying robust returns on their investments, as banks continue to post strong profits and declare sizeable dividends. However, concerns are mounting among depositors over rising bank charges a…

Published: 13 Apr 2025 at 09:46hrs | 644 | by Staff reporter

Zimbabwean banks face backlash over excessive charges

Zimbabwe's banking sector is celebrating strong financial results, with shareholders across financial institutions enjoying substantial dividend payouts following another profitable year. However, the celebrations have been tempered by gro…

Published: 06 Apr 2025 at 11:26hrs | 393 | by Staff reporter

Elderly Bulawayo couple sentenced for exploiting bank glitch

An elderly couple from Bulawayo, who took advantage of a technical glitch at Stanbic Bank Zimbabwe to embezzle over US$30,000, has been sentenced to seven years in prison.Frank Sibanda and his wife, Francisca Netsai, both aged 65, went on …

Published: 27 Mar 2025 at 06:06hrs | 727 | by Staff reporter

Bank manager grilled in Gono fraud case

The trial of a Harare couple accused of fraudulently altering the directorship of Valley Lodges, a property linked to former Reserve Bank of Zimbabwe (RBZ) Governor Gideon Gono, continued on Friday, with a bank manager testifying in the ca…

Published: 16 Feb 2025 at 07:47hrs | 847 | by Staff reporter

Mnangagwa's govt accused of Intellectual Property theft

Zimbabwe's government is embroiled in a heated dispute with Time Bank after the financial institution accused authorities of infringing on its intellectual property rights. The bank claims that government officials have misappropriated key…

Published: 01 Feb 2025 at 14:03hrs | 2047 | by Staff reporter

'Banks can't seize farmers' land,' says Tagwirei

The recently introduced bankable deeds for state-owned land will not result in banks seizing control of large tracts of land, or in a de facto or de jure reversal of the Land Reform Programme.Speaking in the 15 January 2025 edition of "Fac…

Published: 15 Jan 2025 at 20:05hrs | 1009 | by Paul Ndou

Mukuru expanding into deposit-taking microfinance institution

Zimbabwe's rapidly growing remittance sector has prompted several money transfer platforms to diversify their services, with Mukuru Financial Services Zimbabwe Limited becoming the latest to be licensed as a deposit-taking microfinance ins…

Published: 19 Dec 2024 at 16:56hrs | 502 | by Staff reporter

FBC Bank introduces 24/7 deposit-taking ATMs in Zimbabwe

FBC Bank has unveiled a 'groundbreaking' service in Zimbabwe with the launch of Deposit-Taking ATMs, enabling customers to deposit cash into their individual accounts or FBC Mastercard Prepaid cards at any time of the day.This innovative f…

Published: 17 Dec 2024 at 15:23hrs | 1033 | by Staff reporter

Time Bank offers war vets US$3,5bn

TIME Bank has offered a US$3.5 billion compensation package to Zimbabwe's liberation war veterans as part of its broader US$38 billion loan proposal to the government. This development follows significant pressure from war veterans, who we…

Published: 14 Dec 2024 at 12:33hrs | 431 | by Staff reporter

Zimbabwe banking sector strengthens amid declining non-performing loans

The Reserve Bank of Zimbabwe (RBZ) has reported a significant improvement in the country's banking sector credit risk landscape, marked by a decrease in the ratio of non-performing loans (NPLs) to total loans. As of June 30, 2024, the NPL …

Published: 24 Nov 2024 at 09:55hrs | 107 | by Staff reporter

Top Bank executive slams RBZ tight policy measures

A prominent banking executive has criticized the Reserve Bank of Zimbabwe (RBZ) for focusing too heavily on exchange rate stability at the cost of economic growth, warning that the central bank's recent monetary policy measures could have …

Published: 10 Nov 2024 at 11:05hrs | 1830 | by Staff reporter

CABS bank manager accused of stealing depositors' funds

A manager at the CABS Highlands branch, Raymond Chikonyora, faced court last week on serious charges related to the unauthorized withdrawal of funds from clients' accounts. The allegations have raised concerns about internal controls and f…

Published: 03 Nov 2024 at 10:17hrs | 5407 | by Staff reporter

Bulawayo residents demand action over Ecobank heist

Bulawayo residents are voicing their concerns over safety in the city following a brazen daylight robbery at Ecobank last week, in which suspects allegedly made off with approximately US$4 million. The incident, which unfolded just a few k…

Published: 07 Oct 2024 at 08:02hrs | 1492 | by Staff reporter

US$1m stolen from Namibian bank was paid to Mugabe's pilot

A total of N$18,8 million (US$1m) stolen from SME Bank was transferred to and laundered by former Zimbabwean president Robert Mugabe's pilot and confidant Robert Mhlanga.This is according to court documents filed in South Africa's Gauteng …

Published: 20 Aug 2024 at 16:18hrs | 8435 | by Staff reporter

Standard Chartered Bank Zimbabwe changes name

FBC Holdings has officially renamed its newly acquired Standard Chartered Bank to FBC Crown Bank, according to regulatory authorities. FBC Crown Bank will function semi-autonomously as a subsidiary of FBC Holdings, focusing on wholesale ba…

Published: 04 Aug 2024 at 15:19hrs | 1161 | by Staff reporter

USAid's creating its informal banking system in Zimbabwe?

Communities in Chiredzi district are benefiting from an informal banking system facilitated by the USAid-funded Savings and Internal Lending Committees (SILC) project, operated under the Resilient Anchors Activity. This initiative requires…

Published: 09 Jul 2024 at 05:54hrs | 14 | by Staff reporter

Zimbabwe's crackdown against ZiG street dealers is good news

A monthlong-drive by Zimbabwean authorities to stifle the unofficial market in their new gold-backed currency is driving the business off the streets and into the bank.Zimbabwe has imposed fines for not doing transactions at the official e…

Published: 06 Jun 2024 at 08:34hrs | 4 | by Staff reporter

RBZ scraps bank charges for low-cost accounts

IN a move meant to encourage a culture of banking, the Reserve Bank of Zimbabwe (RBZ) has announced the scrapping of bank charges for low-cost accounts.Presenting his first Monetary Policy Statement on Friday the RBZ Governor, Dr John Mash…

Published: 07 Apr 2024 at 10:06hrs | 1 | by Staff reporter

Card cloners in court

SIX suspected card cloners yesterday appeared in court after they were arrested while in possession of instruments used in the commission of the offence.The suspects â€” Fungal Samurewo (35), Frank Chikoto (36), Clever Manhombo (40), Pardo…

Published: 11 Mar 2024 at 19:25hrs | 12 | by Staff reporter

CBZ opens Johannesburg office

CBZ Bank Limited, a wholly-owned subsidiary of the diversified and listed financial services group CBZ Holdings (CBZH), has opened a new office in Sandton, Johannesburg, South Africa.CBZH provides a wide range of financial services through…

Published: 12 Feb 2024 at 13:53hrs | 25 | by Staff reporter

RBZ withdraws Avis Bank's licence for failing to start operations

The Reserve Bank of Zimbabwe (RBZ) has cancelled Avis Bank Limited licence after the financial institution failed to commence operations as per registration requirements.According to Legal Identity Identifier (LEI), the bank was registered…

Published: 25 Nov 2023 at 07:50hrs | 19 | by Staff reporter

Stanbic Bank Zimbabwe launches China export guide for local business

Stanbic Bank Zimbabwe on Friday launched an export guide for Zimbabwean exporters and business entities seeking to understand and penetrate the Chinese market.The export guide e-book, which gives in-depth information and guidance on naviga…

Published: 22 Oct 2023 at 14:17hrs | 3 | by Staff reporter

ZB Bank heist suspects to be reimbursed forfeited US$234,000

Four individuals who were acquitted in the ZB Bank money heist case, which made headlines two years ago, will have their forfeited money returned to them.The four individuals, Trymore Chapfikwa, Tozivepi Chirara, Dennis Madondo, and Tatend…

Published: 02 Oct 2023 at 19:31hrs | 5 | by Staff reporter

'Insimbi ZeZhwane will not die'

Insimbi ZeZhwane co-founder, Meluleki "Brema" Moyo who was discharged from hospital on Tuesday has assured fans that, as long as he lives, the beat will not stop.The bassist, together with the band members, were involved in a car accident …

Published: 07 Sep 2023 at 06:13hrs | 5 | by Staff reporter

World Bank says no new funding to Uganda over sexual deviance law

The World Bank said it will not consider new loans to Uganda after the East African country earlier this year enacted an anti-gay bill that rights groups and others have condemned.The World Bank had deployed a team to Uganda after the law …

Published: 09 Aug 2023 at 23:59hrs | 13 | by Staff reporter

Armed robbers blow open bank safe

AN armed robber who is part of a five-man gang that used explosives to blow open a safe at Agribank Lupane branch is recovering in hospital under police guard after he was shot.Police national spokesperson Assistant Commissioner Paul Nyath…

Published: 03 Jul 2023 at 07:09hrs | 15 | by Staff rporter

Armed robbers hit Lupane bank

A suspected armed robber from Lupane is battling for life in hospital after being shot by police on the buttocks while fleeing a crime scene where he and four accomplices still at large, attempted to rob a bank.Zenzo Siziba (44) is being c…

Published: 30 Jun 2023 at 14:43hrs | 2 | by Staff reporter

Zimbabwean appointed managing director at Uganda's DFCU Bank

Development Finance Company of Uganda Bank Limited (DFCU) Bank has appointed Mr Charles M Mudiwa, a Zimbabwean national, as the new managing director, almost three months after Mr Mathias Katamba resigned from the position.In a notice to s…

Published: 09 Apr 2023 at 08:07hrs | 2 | by Staff reporter

Zimbabwe gold smugglers use South African banks, bribes to launder money

Several key officials at three major South African banks are helping a gold smuggling gang launder millions of dollars of dirty cash in exchange for regular bribes, an Al Jazeera investigation has found.The officers at Standard Bank, ABSA …

Published: 01 Apr 2023 at 17:56hrs | 1 | by Staff reporter

Zimbabwe bank workers, employers hammer out US dollar wage deal

Bank workers and their employers have agreed on a wage structure that would see salaries split into local currency and US dollars at a ratio of 60:40 percent respectively.The resolution was made when parties held a meeting 24 February his …

Published: 05 Mar 2023 at 17:56hrs | 13 | by Staff reporter

FNB of South Africa plus 4 other investors vie for Standard Chartered Bank Zimbabwe?

THE proposed takeover of Standard Chartered Bank Zimbabwe (StanChart), the country's oldest financial institution, has moved a gear up after five prospective investors including local and regional entities submitted their bids, the Zimbabw…

Published: 21 Jan 2023 at 11:25hrs | 20 | by Staff reporter

Reserve Bank of Zimbabwe keeps bank rate at 200%

THE Reserve Bank of Zimbabwe (RBZ) has kept its bank policy rate at 200 percent after its Monetary Policy Committee (MPC) expressed satisfaction with how the current tight monetary policy stance has helped maintain economic stability.In a …

Published: 06 Dec 2022 at 04:58hrs | 2 | by Staff reporter

Villagers lose land to bank

VILLAGERS in Mudereri, Zvishavane, have lost part of their land to FBC Building Society after it was sold to the bank by the rural district council.It is alleged that the bank has started developing a residential area without prior notice …

Published: 09 Nov 2022 at 05:12hrs | 2 | by Staff reporter

Harare man fails explain source of US$300,000 deposit

A Harare man has had some US$300,000 frozen in a local bank after he failed reportedly failed to explain how and why he money came to be in his account, it has emergedThe High Court recently heard that the money was deposited into Meshack …

Published: 03 Jul 2022 at 09:25hrs | | by Staff reporter

Zamco winds up operations

THE Zimbabwe Asset Management Company (Zamco) is winding up operations after it paid off, last year, the $1,2 billion it received from the Government to acquire Non-Performing Loans (NPLs).Zamco is an independent asset management company e…

Published: 17 Jun 2022 at 08:14hrs | 1 | by Staff reporter

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USA could finally repeal ZDERA sanctions on Zimbabwe, but...

3 men jailed for robbing Freda Mine worker in Gwanda

Security guard goes on goat stealing spree

Man finally in court 8 years after sister's murder

Unlicenced joyride 'car thief' beg court

Women's Bank partners Govt

Inferno destroys 30 vehicles at Mutare's Brooms garage

Potraz relocates over 40 base stations

Ruwa robbery suspects arrested after lavish spending spree

Kalangas rejects claims of subservience to Ndebele Kingdom

Organicare convicted for selling unregistered medicine

UK family finds 'better standard of living' in Zimbabwe

Zimbabwean man fatally attacked by elephant in South Africa

Hwange villagers lose livestock to water poisoning

Woman thrown out of moving car by robbers

Mother and son jailed for rape of a 15-year-old girl

Schoolkids drugged in biscuit scandal

Lost Harare Chieftainship seeks reinstatement

Parliament petitioned against water privatisation

Man pushes for mandatory DNA confirmation in maintenance cases

New tobacco grading system on the cards

Grain millers warn of impending mealie-meal shortage

Zanu-PF youths boo minister

Mnangagwa birthday event nationalised

Zimbabwean girl rescued after being chained in Johannesburg home

Mnangagwa launches $29 million Midlands Park Housing project

Zinasu leader takes GZU to High Court

Mpofu in top 10 finish at World Athletics Championships

Woman catches hubby 'violating' daughter

Govt warns schools against sending learners home over fees

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