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High bank charges hindering financial inclusion in Zimbabwe

High bank charges imposed by local financial institutions are choking financial inclusion in Zimbabwe and running contrary to best practices across the region, a new National Economic Consultative Forum (NECF) report has revealed.The repor…

Published: 29 Aug 2025 at 06:01hrs | 589 | by Staff reporter

RBZ slams Zimbabwe banks over punitive fees

Zimbabwe's banks are facing criticism from both depositors and the Reserve Bank of Zimbabwe (RBZ) over the imposition of high fees and charges, which are increasingly seen as exploitative.RBZ Deputy Governor Dr Innocent Matshe, speaking at…

Published: 28 Aug 2025 at 22:32hrs | 157 | by Staff reporter

Zimbabwe's 2008 financial crash continues to haunt regulators

More than 15 years after Zimbabwe's 2008 financial collapse, the country's financial sector is once again under scrutiny as an estate developer has taken legal action against the Reserve Bank of Zimbabwe (RBZ), the Zimbabwe Revenue Authori…

Published: 22 Aug 2025 at 13:20hrs | 266 | by Staff reporter

Zimbabwe FIU fines 4 banks over weak AML Controls

Zimbabwe's Financial Intelligence Unit (FIU) fined four banks up to US$30 000 each last year after uncovering serious lapses in anti-money laundering (AML) and counter-terrorist financing (CFT) systems, the Zimbabwe Independent has establi…

Published: 22 Aug 2025 at 13:20hrs | | by Staff reporter

RBZ to regulate AI in Zimbabwe's banks

The Reserve Bank of Zimbabwe (RBZ) is developing specific rules to regulate the use of artificial intelligence (AI) within the country's financial institutions, signaling a major step toward modernizing the banking sector.As AI becomes a t…

Published: 19 Aug 2025 at 18:30hrs | | by Staff reporter

RBZ orders banks to report on rural financial literacy outreach

The Reserve Bank of Zimbabwe (RBZ) has stepped up efforts to promote financial literacy in rural and marginalised communities, directing all banks and microfinance institutions to submit quarterly updates on their outreach activities begin…

Published: 18 Aug 2025 at 08:42hrs | | by Staff reporter

Zimbabwe banks show strong capital buffers

Most Zimbabwean banking institutions have exceeded minimum regulatory capital requirements, signalling stability, resilience, and soundness in the country's financial system, the latest Reserve Bank of Zimbabwe (RBZ) data shows.According t…

Published: 13 Aug 2025 at 09:08hrs | 212 | by Staff reporter

Zimbabwean consumers failing to secure loans from banks

Zimbabwean consumers are facing increasing difficulties in accessing loans from traditional banking institutions due to low wages and the escalating cost of living, according to the IH Zimbabwe Consumer Sector Report 2025 released by finan…

Published: 08 Jul 2025 at 12:10hrs | 204 | by Staff reporter

Zimbabwe banks process R6bn via regional payment systems

Zimbabwean banks processed transactions worth R6.09 billion (approximately US$339 million) through the Southern African Development Community Real-Time Gross Settlement System (SADC-RTGS) in 2024, marking a 2% increase from the previous ye…

Published: 27 Jun 2025 at 18:32hrs | 289 | by Staff reporter

Zimbabwe liquidates four failed banks

Four banks that collapsed between 2004 and 2008 have been officially liquidated, marking a significant milestone in Zimbabwe's financial sector. Hopewell Zinyau, Chief Executive Officer of the Deposit Protection Corporation (DPC), announce…

Published: 16 Jun 2025 at 15:08hrs | 16691 | 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 regarded as the backbone of the nation's eco…

Published: 22 May 2025 at 12:08hrs | 222 | by Staff reporter

'Zimbabwe banks have robust cybersecurity systems'

The Reserve Bank of Zimbabwe (RBZ) has prioritized cybersecurity and artificial intelligence (AI) as critical pillars for the financial sector's growth and stability, according to its 2025 Monetary Policy Statement (MPS).RBZ Governor Dr. J…

Published: 11 Feb 2025 at 06:38hrs | 150 | by Staff reporter

'Zimbabwe banks can't seize farmers' land'

The introduction of bankable title deeds for State-owned land will not result in financial institutions seizing control of land or reverse the gains of Zimbabwe's Land Reform Programme, according to Mr. Kudakwashe Tagwirei, Chairperson of …

Published: 16 Jan 2025 at 07:04hrs | 509 | by Staff reporter

Zimbabweans told to approach banks for ZiG, USD

The Reserve Bank of Zimbabwe has enough reserves to satisfy the foreign currency requirements of all legitimate businesses and no company needs to go to the black market to pay for imports, RBZ Governor Dr John Mushayavanhu said yesterday.…

Published: 12 Apr 2024 at 09:47hrs | 1 | by Staff reporter

RBZ in bid to calm run on banks over currency fears

The Reserve Bank of Zimbabwe on Friday sought to calm a run on banks, insisting that depositors' funds were safe.Thousands of panicky Zimbabweans lined up in bank queues to withdraw their United States dollar balances, fearing a new bankin…

Published: 10 Jun 2023 at 17:53hrs | 2 | by Staff reporter

Challenged world is alert and from challenge comes change

As we celebrate the 2021 International Women's Day (IWD) under the theme #ChooseToChallenge, and focus on inclusion and diversity, we reflect on the representation of women in the banking industry.Financial intermediation services offered …

Published: 05 Mar 2021 at 06:38hrs | 1 | by Sibongile Moyo

Is there any need for Zimbabwean banks to be technologically updated?

If a bank is stuck in last century thinking with last century leadership such cultural strategy will lead to eventual failure.I was in a hotel for lunch with a friend, when he asked me: "What do you think about sticking to use of old techn…

Published: 03 Jul 2019 at 10:24hrs | | by Elvis Dvene

Zimbabwe banks must support the interbank trading

THE interbank market, revived by the Reserve Bank of Zimbabwe (RBZ) recently, has gotten off to a slow start because the majority - if not all the banks - are still in the process of putting their systems in place.In its monetary policy st…

Published: 24 Mar 2019 at 14:11hrs | 4 | by Andrew Lampard

Banks must stop disbursing forex

If there is no leakage of forex from official institutions then the obvious source of forex on the black market are people in the diaspora who send home US dollars through Mukuru, Western Union, Money Gram, and by means of public transport…

Published: 06 Nov 2018 at 05:27hrs | | by Goto

Banks in South Africa not treated the same

BY EMAIL (CC: Mr. Dondo Mohajane-Natl treasury)Mr. Kuben NaidooRegistrar of BanksSouth African Reserve BankHelen Joseph StreetPretoria00109 MARCH 2018Dear Kuben,I write this personal letter to you with a very sore heart and disappointment …

Published: 12 Mar 2018 at 08:13hrs | 2 | by T. Matodzi

Did you know? #bankchargesmustfall

It costs $3 to withdraw the daily (bond note) limit of $25 in bond notes from Stanbic bank.The USD daily ATM withdrawal limit has been reduced to $50 from $100. This costs $2.50.It costs  $5.50 to withdraw the full daily limit of $75,…

Published: 12 Dec 2016 at 11:36hrs | 1 | by Edmund Eddy Madzonganyika

Citizens need rescue from ravenous banks

It is inundating to note that banks are contributing in the continuity of the cash crisis by devious means as depositors are boldly reluctant to deposit cash owing to their imposition of exorbitant bank charges.  The current cash shor…

Published: 02 Jun 2016 at 13:22hrs | | by Sparkleford Masiyambiri

Zimbabwean banks ignoring social media at their own peril

IN EUROPE and America, right now, bankers are the people everyone wants to hate. These so-called masters of the universe drew the ire of the public as their â€˜voodoo' banking practises saw them throw caution to the wind, costing the taxpa…

Published: 18 Jan 2015 at 15:06hrs | | by Perry Munzwembiri

How hackers are breaking into ATMs, stealing money - Video

Kaspersky Lab's experts recently performed a forensic investigation into cyber-criminal attacks targeting ATMs around the world.During the course of the investigation, the company's researchers discovered a piece of malware infecting ATMs …

Published: 08 Oct 2014 at 10:17hrs | | by Staff reporter

Liquidity shortage in Zimbabwe: myth or reality

Voluminous bagfuls of hot air have been spent by various economists of different ideological stripes debating about the alleged shortage of liquidity in the Zimbabwean financial system. The question which arises is: what exactly is liquidi…

Published: 28 Nov 2013 at 06:41hrs | | by Colls Ndlovu

Gono draws attention to the inadvertent dangers of banks indigenisation

Gideon Gono draws attention to the inadvertent dangers that could befall the economy if caution is thrown to the wind.President's adviceIT has been erroneously suggested in some publications this week that President Robert Mugabe has not g…

Published: 18 May 2013 at 15:26hrs | | by Gideon Gono

Gono has unleashed the Anti-Corruption body to scuttle indigenisation of banks

If like most rational people you believe that everything happens for a reason, then you must be among the many who are wondering about the reasons behind the unprocedural, illegal and unlawful actions taken by the Zimbabwe Anti-Corruption …

Published: 18 Mar 2013 at 05:24hrs | 1 | by Prof Jonathan Moyo

Gideon Gono's statement on Zimbabwe bank ownership

FOLLOWING is RBZ Governor Gideon Gono's full statement in response to the notice issued by Empowerment Minister Saviour Kasukuwere ordering foreign-owned banks to transfer majority control to black Zimbabweans within a year âˆšÃ‰Â¬Â¢âˆšÂ¢â…

Published: 05 Jul 2012 at 06:11hrs | | by Gideon Gono

Is the banks seizure threat, a Zanu-PF diversionary tactic!

Amid growing demands for answers to questions surrounding the sudden death of Retired General Solomon Tapfumaneyi Mujuru whose body was found burnt beyond recognition at Alamein Farm, Beatrice, is the banks seizure threat, a Zanu-PF divers…

Published: 23 Aug 2011 at 11:44hrs | | by Clifford Chitupa Mashiri

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Edward Kieswetter charged over 'fake' judgment

Biti slams 'unconstitutional' ouster of Mutodi

Woman stabs husband after infidelity accusation

Gwanda-Manama Road to be rehabilitated

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Zimbabwe Exemption Permits extended to 2027

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Zimbabwean police shot dead South African armed robbers

Zim Reaffirms Commitment to Regional Integration and Pan-African Cooperation

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Zimbabwe has one of the most unequal societies in the world

Charamba threatens ugly measures for drug users

Brigadier General (Rtd) dies at a local clinic

106 km of water pipes to be laid in Harare

Woman beds minor she met in a bar

Mutodi ousted

Mnangagwa's betrayal of General Chiwenga

uMzingwane pump station upgrade delayed

Nyambirai proposes flexible house co-ownership arrangement

A mother's struggle with an intersex child

Patient arrested for stealing copper pipes at hospital

Mafume defends cooperation with Mnangagwa's govt

Man crushed to death by train

Zimra official name drops Zanu-PF official's name

Chikomba West MP Mavetera Engages Constituency on Digital Development

Why Mutodi attacked Guvamatanga

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Police destroys illegal drugs baggage at Sally Mugabe Hospital

Biti slams 'unconstitutional' ouster of Mutodi

Mutodi ousted

Buffalo Range Airport refurbishment nears completion

Zimbabwe Exemption Permits extended to 2027

Mnangagwa's betrayal of Chiwenga spells danger

Former ZANU PF legislator warns those plotting against General Chiwenga

An epidemic of avoidable deaths: Why Zimbabwe's road carnage is a sign of systemic failure

Edward Kieswetter charged over 'fake' judgment

Chivhayo tries to shrug off Gwanda solar project accusations

Woman stabs husband after infidelity accusation

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