Search / First capital bank
Zimbabwe missing out on mega EU loans - loans have to be paid back
Zimbabwe is missing out on crucial loans from Europe's largest financial institutions, including the European Investment Bank (EIB), due to its unsustainable debt burden, the European Union's ambassad...Published: 26 May 2025 at 08:16hrs | 53 | by Staff reporter
EU urges Zimbabwe firms to come up with bankable projects
The European Union (EU) ambassador to Zimbabwe, Jobst von Kirchmann, has called on local businesses to develop bankable projects to attract investment funding, as the EU recently secured over US$100 m...Published: 22 May 2025 at 09:40hrs | 97 | by Staff reporter
Boost for Zimbabwe cancer patients
Cancer patients, including children, have received a significant boost after two banks and one of Zimbabwe's leading supermarkets donated chemotherapy drugs and financial support to two cancer care or...Published: 11 Mar 2025 at 07:16hrs | 101 | by Staff reporter
Stanbic named best ovderall bank 2024
Harare, 17 December 2024 - Stanbic Bank Zimbabwe has been named the overall best performing bank at the Banks and Banking Survey Awards 2024 sponsored by First Capital Bank. Stanbic Bank has n...Published: 17 Dec 2024 at 09:15hrs | 472 | by Agencies
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. Thi...Published: 14 Dec 2024 at 12:35hrs | 2179 | by Staff reporter
'Counterfeits, financial instability imperil manufacturing sector'
Zimbabwean consumers are grappling with increasing difficulties, including the proliferation of counterfeit goods and financial instability, as the country's manufacturing sector struggles to grow. Pa...Published: 13 Dec 2024 at 09:39hrs | 49 | by Staff reporter
Gukurahundi cover-up editor urgently needs medical help
Geoffrey (Geoff) Nyarota is in critical health and urgently requires medical treatment for a trio of serious conditions: cancer, heart disease, and kidney failure. Nyarota, who has a long career in jo...Published: 06 Dec 2024 at 15:54hrs | 745 | by Staff reporter
Villagers in Insiza appeal for funds to save dried-up dam
Villagers in Singwambizi, Insiza District, under Chief Mafu, are seeking financial assistance to desilt their community dam, which has dried up for the first time since its construction in 1960....Published: 21 Nov 2024 at 13:01hrs | 538 | by Staff reporter
Billions 'wiped off' Zimbabwe banks
Bankers in Zimbabwe have attributed a significant downturn in revenues to frequent changes in the country's functional currency, as first-half financial statements revealed a staggering loss of billio...Published: 18 Oct 2024 at 12:28hrs | 1435 | by Staff reporter
Marconati gets two-year jail term in Zimbabwe
Marondera businessman Francesco Marconati has been sentenced to two years in prison after being found guilty of fraudulently removing his business partner from the directorship of Eagle Italian Shoes....Published: 18 Sep 2024 at 18:20hrs | 771 | by Staff reporter
Remitly Emerges as Top Choice for Zimbabweans Abroad: Fast, Affordable, and Fee-Free
In a significant trend, Zimbabweans in the diaspora are increasingly turning to Remitly.com for their money transfer needs, drawn by the platform's favorable exchange rates, vast collection points in ...Published: 29 Dec 2023 at 11:34hrs | 146 | by Libz Mbanje
Chiwenga's wedding was a political statement
HIGH-PROFILE weddings, especially those of the rich, famous and powerful - very important persons (VIPs) - are renowned worldwide for their grandeur, luxury and vibrant celebrations.These ausp...Published: 27 Dec 2023 at 17:26hrs | 80 | by Staff reporter
Mnangagwa's ED-UNZA Scholarship Fund raises US$600,000
THE ED-UNZA (University of Zambia) Scholarship raised US$600 000 during a fundraising dinner held at State House two weeks ago.President Emmerson Mnangagwa is the patron of the fund, which was...Published: 22 Dec 2023 at 18:17hrs | 21 | by Staff reporter
CBZ in major strategic shake up
Pursuant to the strategic vision of creating one of the country's largest financial services groups, renowned banker, strategist and businessman Mr Luxon Zembe, has been appointed acting chairman of C...Published: 06 Dec 2023 at 05:02hrs | 17 | by Staff reporter
Reserve Bank of Zimbabwe bails out 3 banks
THE Reserve Bank of Zimbabwe (RBZ) has used its lender of last resort (LoLR) facility to bail out three distressed banks which had run out of liquidity following the steep depreciation of the local cu...Published: 16 Aug 2023 at 06:49hrs | 17 | by Staff reporter
Zimgold seeks to ramp up production
COOKING oil producer Zimgold Oil Industries has announced plans to ramp up production by increasing its crushing capacity by 67% to 100 000 tonnes annually. The company's finance director Amit Goyal m...Published: 12 May 2023 at 06:05hrs | 2 | by Staff reporter
Zimdollar plunges 53%
UNCERTAINTY over Zimbabwe's growth prospects deepened this week, after a leading advisory said its currency had shed 58% of its value in the first quarter.It was a continuation of negative dev...Published: 14 Apr 2023 at 19:48hrs | 2 | by Staff reporter
Ngwabi Bhebhe started MSU with $50
FORMER Midlands State University (MSU) vice-chancellor Ngwabi Bhebhe has opened up on the struggle he faced to set up the higher learning institution.Speaking last Friday at a golf tournament ...Published: 21 Mar 2023 at 08:44hrs | 1 | by Staff reporter
African Sun shuts down Victoria Falls Kingdom Hotel
African Sun Limited has announced it is shutting down its Kingdom Hotel in Victoria Falls January next year after failing to agree on lease terms with First Capital Bank, owners of the property....Published: 30 Nov 2022 at 05:16hrs | 3 | by Staff reporter
Cimas iGo half-marathon raises awareness of men's health issues
Cimas Health Group is marking Men's Health Awareness Month by offering Cimas members prostate cancer screening at all its clinics throughout November, broadcasting a prostate cancer talk show on Frida...Published: 16 Nov 2022 at 09:14hrs | 51 | by Tendai Ruben Mbofana
Imagine Mnangagwa, Chamisa embarking on an international campaign against sanctions!
Imagine President Emmerson Mnangagwa and opposition leader Nelson Chamisa embarking on an international campaign against sanctions. That move alone would be a sign of political maturity and patriotism...Published: 02 Nov 2022 at 05:04hrs | | by Trevor Ncube
John Tallach reigns supreme at high schools quiz
JOHN Tallach High school from Matabeleland North province, came out tops in the inaugural Capital Markets high schools quiz competition held in Harare yesterday.The quiz show was organised by ...Published: 17 Sep 2022 at 06:42hrs | 3 | by Staff reporter
First Capital Bank accused of working with fraudsters
A scandal is hounding First Capital Bank after it was revealed that bank insiders are allegedly working with conmen to create fraudulent bank accounts. The red flags against First Capital were...Published: 15 Jun 2022 at 09:28hrs | 32 | by Mandla Ndlovu
Zimbabwe abandons debt relief initiative
The Zimbabwe government has abandoned its plan to access a debt relief facility under the Highly Indebted Poor Countries (HIPC) initiative, meant to resolve its unsustainable debt, Business Times repo...Published: 02 Jun 2022 at 09:29hrs | 10 | by Staff reporter
European Investment Bank warms up to Zimbabwe
The European Investment Bank (EIB) has availed about €40m to Zimbabwe banks within a year, which will go towards bailing out the country's SMEs and mid-cap companies, in a vote of confidence in the ...Published: 02 Jun 2022 at 09:04hrs | 1 | by Staff reporter
Mnangagwa creates unprecedented chaos
AGAINST threats from growth inhibiting factors, like pandemic-induced lockdowns, forex shortages, hyperinflation and rolling blackouts, Zimbabwe's industrial sector expanded by a big margin last year....Published: 13 May 2022 at 19:11hrs | 1 | by Staff reporter
Standard Chartered exits Zimbabwe
After 130 years in the country, Standard Chartered is leaving Zimbabwe. The group has announced it is exiting a number of operations around the world, including Zimbabwe, to cut costs.The bank...Published: 14 Apr 2022 at 20:21hrs | 10 | by Staff reporter
Zimbabwe passports valid until they expire
GOVERNMENT yesterday clarified the e-passport application process, saying current Zimbabwean passports will remain valid until they expire.The Home Affairs ministry said the online application...Published: 29 Dec 2021 at 05:26hrs | | by Staff reporter
20 years of ruinous sanctions
The unilateral sanctions imposed on Zimbabwe by the West in the last 20 years have, among others, adversely affected the country's ability to boost its manufacturing sector, build health and education...Published: 29 Dec 2021 at 05:21hrs | 11 | by Staff reporter
Forex bonus withdrawals overwhelm banks
SCORES of civil servants and pensioners continued to queue outside banking halls in Bulawayo yesterday seeking to withdraw their foreign currency, forcing some banks to seek police intervention to con...Published: 12 Dec 2021 at 19:56hrs | 10 | by Staff reporter
Bankers plan to establish a new financial behemoth
ON 3 September 2021, The NewsHawks exclusively published a story that government, bankers and investors, including local business tycoon Kudakwashe Tagwirei, are working on a plan to create the bigges...Published: 13 Nov 2021 at 17:45hrs | 13 | by Staff reporter
NetOne intensifies electronic airtime recharge
THE mobile markets in Africa are for the most part prepaid, with the traditional means of distribution being the sale of scratch cards.It is no secret that this distribution channel has brough...Published: 07 Nov 2021 at 07:07hrs | 12 | by Staff reporter
Fresh push for banks to pay interest
GOVERNMENT says it is scaling up confidence-building measures to boost deposits into the country's banking sector.Giving a keynote address during last night's 22nd edition of the Banks and Ban...Published: 22 Oct 2021 at 19:12hrs | 5 | by Staff reporter
FCB forex indexed loans rise
FIRST Capital Bank (FCB) says it grew foreign currency indexed loans to US$18,7 million during the half year ended June 30, 2021, as United States dollarbased deposits increased during the period....Published: 12 Sep 2021 at 08:55hrs | 9 | by Staff reporter
Ceteris Paribus #SanctionsMustGo
IN November 2018, Zimbabwean telecoms mogul Strive Masiyiwa joined the anti-sanctions lobby highlighting that no country could prosper with "its hands tied at the back".The impact of sanctions...Published: 20 Aug 2021 at 07:15hrs | 22 | by Eben Mabunda
NGO boss swindles US$65 000
ENVIRONMENT Africa has taken it's former finance and administration manager to court after he allegedly transferred the organisation's funds amounting US$65 385 to his personal account and squan...Published: 07 Jul 2021 at 11:03hrs | 4 | by Staff reporter
Gwanda solar project: Ex-ZPC board chair jailed
FORMER Zimbabwe Power Company (ZPC) board chair Stanley Kazhanje will now have to serve his three-year-jail term after the High Court on appeal, found overwhelming evidence proving that he concealed h...Published: 15 Jun 2021 at 06:10hrs | 10 | by Staff reporter
FCB, Econet strike deal
FIRST Capital Bank (FCB) has introduced a WhatsApp banking chatbot and a billing system that allows Econet clients access to internet and mobile banking applications at no cost.The two innovat...Published: 09 Apr 2021 at 07:32hrs | 2 | by Staff reporter
Top banker Jinya makes grand return
IT is an appointment that many least expected. But ex-Nedbank managing director (MD) Charity Jinya made a surprise return to the country's banking industry on Saturday after Finance minister Mthuli Nc...Published: 21 Feb 2021 at 21:43hrs | 3 | by Staff reporter
NSSA to dispose of FML, Turnall stakes
The National Social Security Authority is set to dispose part of its shareholding in First Mutual Holdings Limited and to divest from Turnall Holdings as part of its investment refocus strategy which ...Published: 15 Jan 2021 at 10:18hrs | 3 | by Staff reporter
Steer clear of loan sharks
"Sir, if those assets just decrease by 25% and they remain on our books, that loss will be greater than the entire market capitalisation of this company," said a young risk analyst named Peter Sulliva...Published: 15 Jan 2021 at 07:48hrs | 9 | by Batanai Matsika
Rains raise hopes of bumper harvest
LOCAL farmers have started the summer season at a blistering pace and have already planted more than 80 percent of the targeted hectarage of maize, laying the foundation for a bumper harvest in the co...Published: 13 Dec 2020 at 08:01hrs | 1 | by Staff reporter
Share swap exposes Tagwirei's vast web
A transaction in which the National Social Security Authority (NSSA) disposed of its 37,79% ZB Financial Holdings (ZBFH) shareholding was a swap deal that saw the authority clinching CBZ shares worth ...Published: 04 Dec 2020 at 07:27hrs | 18 | by Staff reporter
FCB set to retrench employees
FIRST Capital Bank (FCB) is set to retrench workers as the business restructures in the face of the hyperinflationary environment and the need to digitalise.In a letter dated November 12, FCB ...Published: 19 Nov 2020 at 05:36hrs | 2 | by Staff reporter
First Capital Bank axes 120 workers
FIRST Capital Bank Zimbabwe (FCB), formerly Barclays Bank, has laid off 120 workers as the economic crisis continues to take a toll on the beleaguered financial services sector, NewsDay can exclusivel...Published: 05 Sep 2019 at 08:09hrs | 4 | by Staff reporter
Bank adopts new strategy
FIRST Capital Bank, formerly Barclays Bank Zimbabwe, has adopted an 'ever-changing' strategy going forward due to the monetary policy changes made in the country this year.This comes as banks ...Published: 04 Sep 2019 at 08:41hrs | | by Staff reporter
Convicted ex-ZPC boss sentencing deferred
Convicted ex-ZPC boss sentencing deferredA HARARE magistrate yesterday deferred the sentencing of former Zimbabwe Power Company (ZPC) board chair Stanley Kazhanje, who was convicted of conceal...Published: 31 Aug 2019 at 09:19hrs | | by Staff Reporter
Currency changes choke banks
ZIMBABWE'S banking sector is skating on thin ice due to a illiquidity crunch that has drastically reduced the financial institutions' capacity to lend following the reintroduction of a local currency,...Published: 25 Aug 2019 at 18:51hrs | 1 | by Staff reporter
Zimbabwe banks paying more than the black market rates
THE interbank market exchange rates have registered increases with most banks are now paying more than the parallel market rate.NewZimbabwe.com says it's market assessment shows that the once ...Published: 02 Jul 2019 at 17:34hrs | 1 | by newzimbabwe.com
Ex-Pastor in court over fraud
Former Apostolic Faith Mission in Zimbabwe pastor for Madziwa assembly, Stranger Mutara (49), was yesterday arraigned before Bindura magistrate after he allegedly forged signatures for a church accoun...Published: 07 Jun 2019 at 06:57hrs | 1 | by Staff reporter
Load More Stories
