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Zimbabwe rebuilds correspondent banking ties

The Bankers Association of Zimbabwe (BAZ) has confirmed that some regional and niche international financial institutions have begun cautiously re-engaging with Zimbabwean banks, following the lifting of United States financial sanctions l…

Published: 19 Jun 2025 at 07:10hrs | 174 | by Staff reporter

Stanbic named best banking brand in Zimbabwe

Stanbic Bank Zimbabwe has been named the Best Banking Brand in Zimbabwe by the internationally acclaimed Global Brands Magazine, further cementing its reputation as a leader in the financial services sector. The recognition marks another m…

Published: 05 Jun 2025 at 11:35hrs | 148 | 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 development, revealed by the Bankers Assoc…

Published: 29 May 2025 at 13:18hrs | 734 | by Staff reporter

Zimbabwe central bank cracks down on cash hoarding

The Reserve Bank of Zimbabwe (RBZ) has expressed concern over millions of dollars lying idle in cash deposit boxes across the country, warning that the growing trend is stifling economic growth by depriving the economy of much-needed liqui…

Published: 09 Feb 2025 at 17:40hrs | 6381 | by Staff reporter

Zimbabwe's banking sector sees surge in US dollar deposits

Zimbabwe's banking sector has experienced a remarkable increase in confidence, with foreign currency deposits rising by 13% to US$2.64 billion in October 2024, compared to the same period in 2023. This growth signals a positive shift in th…

Published: 14 Dec 2024 at 12:35hrs | 2179 | by Staff reporter

RBZ deputy governor says Zimbabwe banking sector is resilient, stable

Reserve Bank of Zimbabwe (RBZ) Deputy Governor, Innocent Matshe, has highlighted the continued resilience and stability of the country's banking sector, despite facing challenges such as liquidity issues and currency volatility. Speaking a…

Published: 13 Dec 2024 at 09:36hrs | 88 | by Staff reporter

Zimbabwe's errant bankers must be punished

Vocal Harare political activist and business advocate, Engineer Jacob Mutisi, has called for stringent accountability for bankers and financial institutions involved in the mismanagement and fraudulent activities that have led to the loss …

Published: 05 Dec 2024 at 09:19hrs | 1420 | by Staff reporter

Zimbabwe's banking sector and no arrests years down the line

United Merchant Bank (UMB) - Closed in 1998 due to insider loans and mismanagement.Universal Merchant Bank (UMB) - Closed in 2003 struggled with negative perceptions after UMB's collapse.Barbican Bank- Closed in 2004 due to financial misma…

Published: 05 Dec 2024 at 09:07hrs | 620 | by Eng. Jacob Kudzayi Mutisi

Lifeline for SA-based unbanked Zimbabweans

SOUTH AFRICA-BASED Zimbabwean-owned ACID Financial Services company has rolled out banking services targeting unbanked Zimbabweans based in the neighbouring country without valid permits but have valid passports.In a statement, the company…

Published: 07 Dec 2023 at 05:30hrs | 14 | by Staff reporter

Sanctions weighing on Zimbabwe banking sector

ILLEGAL sanctions imposed on Zimbabwe by western countries, led by Britain and America, have had a detrimental impact on the country's financial services sector as the embargo has seen the number of correspondent banks fall from a high of …

Published: 17 Oct 2022 at 06:04hrs | 1 | by Staff reporter

Companies must use banking services, period

EXPERTS say although banks do many things, their primary role is to take in fundsâ€”called depositsâ€”from those with money, pool them, and lend them to those who need funds.In essence, banks are intermediaries between depositors, who lend…

Published: 03 Apr 2022 at 08:23hrs | 4 | by Staff reporter

Bloodbath in banking sector

ZIMBABWE'S banks, under siege from prolonged market turbulences and the Covid-19 scourge, fired almost 300 workers during the seven months to July, continuing a carnage sparked by the worldwide migration to digital operations, Standardbusi…

Published: 12 Sep 2021 at 08:55hrs | 16 | by Staff reporter

Lawyer's bid to close down digital banking platforms flops

A HARARE lawyer's attempt to have all mobile-based digital banking platforms of FBC Bank closed after an imposter used his name to fraudulently open an account with the bank for criminal activities, failed after the High Court denied the r…

Published: 14 Apr 2021 at 06:22hrs | 1 | by Staff reporter

Banking sector demands 60% pay rise

WORKERS in the banking sector are demanding a 60 percent salary increase and have given their employers a two-week ultimatum after which they will go on strike if their demands are not met.In a letter to the Bankers Employers Association o…

Published: 23 May 2018 at 07:49hrs | 1 | by Staff reporter

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ANC councillors reject Ramaphosa's call to follow DA

Irrigation schemes remain severely underutilised

Zanu-PF top brass trapped with cash, cars

Scott Sakupwanya gives Simba Bhora US$100,000

ZANU-PF official jailed for stealing

Maswerasei blasts Chamisa

Hwange Power Station's older units to undergo major rehab

Principal arrested for indecent assault of students

Zimra employees accused of US$6.3 million fraud

Ruwa aims for town status

Zanu-PF youths die en route to Mnangagwa's birthday bash

Zimbabwe clinches historic T20I series win

Harare suburb battles severe sewage crisis

Chirumanzu chieftainship dispute intensifies

Churches pray for Mnangagwa's continued rule

Church commits to partnering govt in anti-drugs, substances abuse

Ex-Bosso CEO found guilty of US$2,000 fraud

RemitHope seeks to raise US$100 000 for 10 grassroots organisations in Africa

US lawmaker pushes Zimbabwe to repay white farmers

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

Ramaphosa posts explicit videos on X

'Harare-Mutare-Vic Falls flight route permanent,' AirZim announces

Sanctions were never Zimbabwe's real problem: Their removal will finally expose the regime's failures

The Zimbabwe Government is Not Learning from Past Mistakes

War vets sharpen knives against Mnangagwa

Germany's Dislike of Ms. Anna Lena Baerbock Makes Her Vulnerable at the UN

Injiva gunned down

Chivayo blows US$3m on luxury cars for Zanu-PF chiefs

UK family finds 'better standard of living' in Zimbabwe

Zimbabwean nurse tells shocking ordeal in UK Memoir

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