Search / First capital
Goat tender fraud trial resumes
The trial of businessmen Moses Mpofu and Mike Chimombe, accused of defrauding the Government of US$7 million under the Presidential Goat Pass-On Scheme, resumed yesterday with Mpofu outlining the fina...Published: 05 Aug 2025 at 08:58hrs | 271 | by Staff reporter
EU Warns Zimbabwe
The European Union (EU) has issued a stark warning to Zimbabwe, urging the government to implement urgent reforms to strengthen the rule of law, combat corruption, and ensure policy predictability. Wi...Published: 03 Jul 2025 at 12:31hrs | 1066 | by Staff reporter
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 | 1436 | 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
The growth, legacy of Pelandaba Bus Company
ESTABLISHED in 1958 by the late Mtshumayeli Joseph Ngwenya in Bulawayo, Pelandaba Buses, born out of poultry selling, is still growing 50 years later.It is also proving to be a lifelong legacy...Published: 20 Feb 2024 at 11:03hrs | 10 | 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 | 149 | 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 | 83 | 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 | 4 | 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 | 93 | 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 | 33 | 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
Funding delays Old Bulawayo reconstruction
THE National Museums and Monuments of Zimbabwe (NMMZ) has revealed that completion of the Old Bulawayo project was delayed by lack of funds.The project was supposed to be completed last year a...Published: 02 Feb 2022 at 05:28hrs | | 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
Fake army procurement officer on the prowl
A man posing as a military procurement officer robbed 12 companies of Z$6.3 million (about US$60,000) in an elaborate fraud, police said on Monday.Claiming to be a Sergeant Muriro from Lookout...Published: 23 Nov 2021 at 06:00hrs | 9 | 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
Old Mutual rallies re-engagement efforts
FINANCIAL services provider, Old Mutual Holdings has implored relevant authorities to continue with international re-engagement efforts to attain healthier relations with international financial marke...Published: 05 Sep 2021 at 06:53hrs | 1 | by Nobleman Runyanga
Old Bulawayo restoration almost complete
THE restoration of the Old Bulawayo monument which was razed by a fire in 2010 is expected to be completed within the next 100 days, an official has said.National Museums and Monuments of Zimb...Published: 29 Aug 2021 at 07:11hrs | | 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
ZimParks completes Old Bulawayo National Monuments road
THE upgrade of the road leading to Old Bulawayo National Monuments by the Zimbabwe Parks and Wildlife Management Authority (ZimParks) to pave way for restoration of the tourist attraction after it was...Published: 15 Jun 2021 at 06:16hrs | 3 | 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
ZTA rallies tourism players to rebuild Old Bulawayo
THE Zimbabwe Tourism Authority (ZTA) has rallied players in the tourism sector to provide material and financial resources towards the reconstruction of King Lobengula's first capital, Old Bulawayo, w...Published: 01 Apr 2021 at 07:09hrs | | 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
Load More Stories
