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Steward Bank records 18% surge in US dollar deposits
Steward Bank has reported an 18% year-on-year increase in US dollar deposits, along with a boost in profitability, in a development seen as a strong vote of confidence in the bank's evolving strategy ...Published: 20 hrs ago | 67 | by Staff reporter
Cash-hoarding cripples Zimbabwe banking sector
Zimbabwe's banking sector is under immense strain due to a severe liquidity crisis, with billions of dollars being hoarded outside the formal financial system by wealthy individuals. This alarming dev...Published: 29 May 2025 at 13:18hrs | 663 | by Staff reporter
Zimbabwean banker's 5 cars seized as cops probe US$2,3m fraud case
A banker accused of manipulating the banking system he was entrusted to protect and creating fake accounts to swindle his employer of approximately US$2.3 million has had his fleet of five vehicles se...Published: 29 May 2025 at 10:26hrs | 1278 | by Staff reporter
ZESA launches national call centre
The Zimbabwe Electricity Supply Authority (ZESA) has introduced a centralised national call centre to streamline electricity fault reporting and improve its response to outages across the country....Published: 29 May 2025 at 10:21hrs | 117 | by Staff reporter
EcoCash Holdings rebranding
EcoCash, the popular mobile money platform operated by Econet Wireless Zimbabwe Limited, will retain its name despite recent announcements about a rebranding by its former holding company.EcoC...Published: 28 May 2025 at 11:05hrs | 418 | by Staff reporter
Crypto not yet subject to exchange controls
In a landmark ruling, the Pretoria High Court has clarified that cryptocurrencies do not fall under South Africa's exchange control regulations. The judgment came in a case between Standard Bank and t...Published: 28 May 2025 at 10:40hrs | 62 | by Staff reporter
RBZ blames liquidity crunch on hoarding of US dollars
The Reserve Bank of Zimbabwe (RBZ) has attributed the ongoing liquidity crunch in the economy to the hoarding of United States dollars, dismissing claims that the shortage is linked to limited supply ...Published: 26 May 2025 at 08:15hrs | 106 | by Staff reporter
Zimbabwe banks channel US$200m into agric sector
Zimbabwe's banking sector has injected approximately US$200 million to support the ongoing 2024/2025 summer cropping season, underscoring renewed efforts to revitalize agriculture, a sector long regar...Published: 22 May 2025 at 12:08hrs | 216 | by Staff reporter
Stanbic Bank extends digital international payments offering
Harare, 21 May 2025 - Leading financial services institution, Stanbic Bank, has digitized its international payments facility for all its clients in line with its commitment to provide seamless, acces...Published: 21 May 2025 at 19:56hrs | 351 | by Agencies
NMBZ finalises US$70m external credit lines
Zimbabwe Stock Exchange-listed financial services group NMBZ Holdings is on the verge of securing external lines of credit worth over US$70 million, as part of its broader strategy to unlock US$100 mi...Published: 19 May 2025 at 09:19hrs | 84 | by Staff reporter
Shava appointed new NSSA boss
Dr Charles Shava has been appointed the substantive General Manager of the National Social Security Authority (NSSA), bringing to a close a protracted battle over the leadership of Zimbabwe's US$1.2 b...Published: 17 May 2025 at 12:26hrs | 693 | by Staff reporter
Zimbabwean rapist jailed for life in SA horror bush attack
A 32-year-old Zimbabwean man has been sentenced to life in prison by the Pretoria Magistrate's Court for a horrifying 2020 rape and robbery that shocked the South African public and left a female jogg...Published: 17 May 2025 at 12:00hrs | 155 | by Staff reporter
Delta highlights Zimbabwe's economic
Delta Corporation, Zimbabwe's leading brewer and soft drinks manufacturer, has painted a stark picture of the nation's economy, highlighting its persistent fragility despite signs of resilience in con...Published: 16 May 2025 at 15:03hrs | 659 | by Staff reporter
Smuggling takes toll on Zimbabwe economy
A sharp increase in smuggling and unregulated imports is intensifying illicit financial flows (IFFs) in Zimbabwe, severely undermining the country's formal retail sector. Authorities have recently pro...Published: 16 May 2025 at 10:41hrs | 394 | by `
Zimbabweans escaping economic hardship trapped in the UK care visa crackdown
Zimbabwean professionals seeking a way out of their country's prolonged economic crisis are facing fresh hurdles as the UK government moves to permanently scrap care worker visas, a route many had use...Published: 16 May 2025 at 09:42hrs | 589 | by Staff reporter
Zimbabwe emerges as hotspot for scalable fintech solutions
Zimbabwe is rapidly positioning itself as a fertile ground for scalable Financial Technology (fintech) innovations, with leading local financial institutions at the forefront of this transformation. B...Published: 15 May 2025 at 09:23hrs | 290 | by Staff reporter
Battle over new NSSA boss intensifies
The fight to appoint a new general manager for Zimbabwe's US$1.2 billion National Social Security Authority (NSSA) has descended into a chaotic and politically charged standoff, marked by corruption a...Published: 14 May 2025 at 15:35hrs | 1283 | by Staff reporter
IDBZ CEO Sakala set to step down
Mr. Thomas Zondo Sakala, the Chief Executive Officer (CEO) of the Infrastructure and Development Bank of Zimbabwe (IDBZ), is set to step down from his position in August this year after completing a s...Published: 13 May 2025 at 10:08hrs | 236 | by Staff reporter
Gold sinks as trade talks, easing tensions impact haven demand
Gold fell as its haven status was impacted by signs of progress in trade talks between the US and China, along with some relief to geopolitical tensions.Bullion fell as much as 1,8 percent in ...Published: 13 May 2025 at 09:54hrs | 99 | by Staff reporter
N Richards cashier steals US$35 250
Police in Rusape have launched a manhunt for a cashier at N Richards Wholesalers, Tawanda Manzvinde (34), who is accused of stealing US$35,250 in cash collected over the Easter holiday - i...Published: 10 May 2025 at 13:07hrs | 315 | by Staff reporter
Zimbabwe mines ministry steps up EPOs review
The Ministry of Mines and Mining Development is intensifying its review of Exclusive Prospecting Orders (EPOs) as part of a broader effort to eliminate speculative land holding and unlock Zimbabwe's v...Published: 09 May 2025 at 11:01hrs | 140 | by Staff reporter
Zimbabwe banker, SA banks implicated in R2 billion electoral scandal
A top Zimbabwean banker is at the centre of the nearly R2 billion Zimbabwe Electoral Commission (ZEC) tender scandal involving a South African printing company paid R1.2 billion by the Harare governme...Published: 08 May 2025 at 09:58hrs | 2354 | by Roland Mpofu I iol
POSB partners with Zimnat
People's Own Savings Bank (POSB) has entered a strategic partnership with Zimnat General Insurance to offer a wide range of bancassurance services, enhancing its service offerings and providing custom...Published: 05 May 2025 at 16:03hrs | 276 | by Staff reporter
Zimbabwe's Victoria Falls tax haven takes solid shape
The Zimbabwean government has taken a bold step toward transforming Victoria Falls into a leading regional financial hub with the establishment of the Victoria Falls International Financial Services C...Published: 29 Apr 2025 at 12:06hrs | 642 | by Staff reporter
South Africa reverses VAT increase that threatened ANC-DA coalition
Enoch Godongwana's decision came after the second-biggest party, the Democratic Alliance (DA), threatened to quit the government, warning a VAT hike would hurt the poor the most.Godongwana, a ...Published: 25 Apr 2025 at 07:42hrs | 452 | by Staff reporter
Minister Ndlovu calls for collaboration to achieve rapid industrialisation
The Zimbabwean government is intensifying efforts to reduce the high cost of doing business and tackle the smuggling of counterfeit products, which have been negatively impacting the country's manufac...Published: 24 Apr 2025 at 07:22hrs | 45 | by Staff reporter
Zimbabwe's ZiG currency risks extinction stoked by policy choices
Zimbabwe's ZiG is heading toward failure, not through rapid devaluation, but through growing irrelevance, according to Imara Asset Management, the country's oldest independent brokerage.Unlike...Published: 16 Apr 2025 at 22:45hrs | 85 | by Staff reporter
Steward Bank to be renamed TN Cybertech Bank
A formal notice has been issued for the intended name change of one of Zimbabwe’s most prominent financial institutions. In accordance with the Companies and Other Business Entities Act [Chapter 24:...Published: 13 Apr 2025 at 15:42hrs | 4113 | 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 amon...Published: 13 Apr 2025 at 09:46hrs | 635 | by Staff reporter
Hoarding cash undermines Zimbabwe economy
Stashing cash in safe deposit boxes, a practice often used to secure valuables, is adversely affecting the smooth functioning of the economy by diverting funds away from productive sectors, according ...Published: 13 Apr 2025 at 09:38hrs | 174 | by Staff reporter
Is Mnangagwa's tariff capitulation a dangerous gamble to appease Trump at Zimbabwe's economic expense?
Has Zimbabwe's backbone finally cracked? President Emmerson Mnangagwa's latest decision to suspend all tariffs on United States goods, announced in response to new U.S. tariffs on Zimbabwean e...Published: 06 Apr 2025 at 21:43hrs | 1044 | by Tendai Ruben Mbofana
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...Published: 06 Apr 2025 at 11:26hrs | 373 | by Staff reporter
Hadebe urges Highlanders to stay sharp
UNITED States-based Warriors defender Teenage Hadebe has called on his former club Highlanders to sharpen their focus in the dying minutes of matches, warning that lapses in concentration could derail...Published: 06 Apr 2025 at 11:24hrs | 206 | by Staff reporter
Zimbabwe central bank rubbishes reports on cash deposit box seizures
The Reserve Bank of Zimbabwe (RBZ) has dismissed claims that it is targeting businesses and individuals holding cash in deposit boxes, following an article published in The Herald on April 2, 2025. Th...Published: 02 Apr 2025 at 18:53hrs | 2423 | by Staff reporter
RBZ to swoop on currency hoarders
The Reserve Bank of Zimbabwe (RBZ) is set to crack down on businesses and individuals hoarding money in cash deposit boxes at banks, homes, and business premises. Authorities are concerned that such p...Published: 02 Apr 2025 at 08:47hrs | 574 | by Staff reporter
Zimbabwe need an urgent reset of parenthood and economic models
We are failing at the family level. When I was growing up, my mom always told me that if I ate vegetables, got good grades, stayed out of trouble, eat what we grew and be obedient to her, even...Published: 01 Apr 2025 at 17:09hrs | 231 | by Brian Sedze
Thank you Zimbabwe: Blessed Geza Blasts Tagwirei and Mnangagwa in New Video
In a provocative new video titled "Thank you Zimbabwe | The Way Forward After March 31 I More Exposes" posted on YouTube, outspoken political figure Blessed Geza expressed his gratitude to Zimbabweans...Published: 01 Apr 2025 at 07:23hrs | 4369 | by Ndou Paul
Bulawayo faces water crisis as ageing infrastructure fails
The City of Bulawayo is grappling with yet another serious water supply challenge due to its ageing and deteriorating water infrastructure, affecting both residential and industrial areas.Town...Published: 28 Mar 2025 at 05:46hrs | 211 | 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...Published: 27 Mar 2025 at 06:06hrs | 631 | by Staff reporter
Illegal forex trader shot and robbed in Bulawayo
Bulawayo has been hit by a rise in violent crime, with an illegal foreign currency dealer becoming the latest victim after being shot and robbed of thousands of US dollars by an armed assailant on Mon...Published: 26 Mar 2025 at 06:50hrs | 680 | by Staff reporter
Nees challenges Kadewere after dropping him from Warriors
Warriors coach Michael Nees has challenged France-based striker Tino Kadewere to work hard and regain his top form after a lengthy injury layoff saw him miss out on a national team call-up for the upc...Published: 14 Mar 2025 at 06:49hrs | 267 | by Staff reporter
Bushiri and his wife ordered to be extradited to SA
The Chief Resident Magistrate Court in Malawi has ordered that self-proclaimed prophet, Shepherd Bushiri and his wife, Mary Bushiri, be extradited to South Africa.Minister of Justice and Const...Published: 12 Mar 2025 at 16:45hrs | 6273 | by Staff reporter
Bulawayo police detective killed by friendly fire?
A Bulawayo police detective, who tragically died in a shootout with armed robbers, was killed by a police bullet, her family has revealed. Detective Constable Cassandra Hove, 37, was shot in the left ...Published: 09 Mar 2025 at 13:23hrs | 2229 | by Staff reporter
Zimbabwe govt rolls out POS machines to formalise informal businesses
The Zimbabwean government has commenced a nationwide programme to integrate unregistered businesses into the formal economy by distributing point-of-sale (POS) machines, which are now a prerequisite f...Published: 09 Mar 2025 at 13:08hrs | 225 | by Staff reporter
NetOne's OneMoney aims to revolutionise financial inclusion in Zimbabwe
NetOne's mobile financial services subsidiary, ONE Money, is set to transform financial inclusion in Zimbabwe by offering a suite of innovative products and services designed to reach the country's un...Published: 01 Mar 2025 at 09:20hrs | 1226 | by Staff reporter
Funds embezzlement scandal at Khumalo Primary School
Khumalo Primary School headmistress Stella Mhlanga and two other school officials are facing allegations of embezzling US$12,000 from the school's funds through under-banking and other fraudulent acti...Published: 27 Feb 2025 at 11:43hrs | 1465 | by Stephen Jakes
Corporate Raiding Plot Unraveling: Nssa and RTG Directors Meet to Tackle Manipulation of Share Prices and Takeover Attempt
NATIONAL Social Security Authority (Nssa) and Rainbow Tourism Group (RTG) directors and management executives are set to meet today to deal with the plot to take over the tourism and hospitality giant...Published: 25 Feb 2025 at 13:16hrs | 355 | by NewsHawks
Vingirai reclaims farms after 2 decade legal battle, thanks Mnangagwa
Prominent banker Mr. Nicholas Vingirai has expressed gratitude to President Emmerson Mnangagwa for facilitating the return of his two farms in Mashonaland West province - Doondo and Sholliver - after ...Published: 23 Feb 2025 at 09:44hrs | 492 | by Staff reporter
RBZ dismisses fake news of POSB sale
The Governor of the Reserve Bank of Zimbabwe (RBZ), John Mushayavanhu, has dismissed claims that the People's Own Savings Bank (POSB) is up for sale. This follows reports suggesting that the state-own...Published: 22 Feb 2025 at 09:24hrs | 169 | by Staff reporter
EcoCash Holdings to rebrand
EcoCash Holdings Limited has announced plans to rebrand following a corporate restructuring that has left Steward Bank as its only remaining unit. This follows the takeover of the company by businessm...Published: 21 Feb 2025 at 11:12hrs | 660 | by Staff reporter
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