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Electric fault switches off Gweru city centre
Most parts of the city centre in Gweru are without electricity due to a cable fault.In a statement, the Zimbabwe Electricity and Distribution Company said the affected areas are AgriBank, Beth...Published: 25 Nov 2023 at 14:12hrs | 7 | by Staff reporter
ZB directors mull liquidation and surrendering licence
With three months left before year-end, it is now crunch time for ZB Financial Holdings (ZBFH), which is currently under increased pressure to recapitalise its building society within the grace period...Published: 02 Oct 2022 at 08:58hrs | 2 | by Staff reporter
CBZ swoops on FML shares as new financial group emerges
CBZ Holdings, currently trading under cautionary, has secured a 31.22% stake in First Mutual Holdings Limited (FML), paving the way for the creation of a US$2.5 billion financial behemoth to rival Old...Published: 13 Nov 2021 at 17:38hrs | 5 | by Staff reporter
Foreign investors line up new bank in Zimbabwe
A group of domestic and foreign investors has lodged an application with Zimbabwean authorities to roll out an investment bank, the first such institution since investment banks were toppled under the...Published: 10 Sep 2021 at 07:35hrs | 6 | by Staff reporter
New details on Intermarket bank heist
There is growing unease at ZB Financial Holdings Limited (ZBFHL) after recent revelations Transnational Holdings Limited (THL) the second-largest shareholder is pushing for a separation following the ...Published: 08 Aug 2021 at 07:17hrs | | by Staff reporter
Foreign capital will never build Zimbabwe
LOVE it or hate it, the success of the Command Agriculture programme should force local banks to revise the long-held view of tying loans to collateral.If they identify bona fide indigenous pe...Published: 04 Apr 2021 at 22:36hrs | | by Terence Mukupe
Zanu-PF emerges biggest winner in major scandal
THE ruling Zanu-PF, which thrives on a chokehold grip on airwaves to win elections by hook or crook, has emerged as the biggest winner in the controversial awarding of six new free-to-air licences to ...Published: 29 Nov 2020 at 19:28hrs | 1 | by Staff reporter
Major shake-up looms at ZB Bank
A MAJOR shake-up is looming at ZB Financial Holdings (ZBFH), with veteran banker Nicholas Vingirai tipped to increase his stake in a deal that would make him the majority shareholder in the listed gro...Published: 09 Oct 2020 at 10:16hrs | 6 | by Staff reporter
Teachers appeal for wages above poverty line
TEACHERS unions, represented by the Zimbabwe Teachers' Union (Zimta) and the Progressive Teachers' Union of Zimbabwe (PTUZ), yesterday demanded that government pays salaries above the poverty datum li...Published: 23 Jul 2019 at 13:56hrs | | by Staff reporter
Zimbabwe: It is time to panic, a little
I THINK it was 1992, the season started badly and as it progressed the heat increased until we were experiencing temperatures over 50 degrees Celsius in the lowveld. We had a business there and my son...Published: 22 Jul 2019 at 08:15hrs | | by Eddie Cross
Zimbabwe - Where did that come from?
Statutory Instrument 142 - Monday June 24, 2019 will go down as one of those days you remember.I have just read the Zimbabwe Independent for this week, it was all about the "return of the Zimb...Published: 02 Jul 2019 at 08:27hrs | | by Eddie Cross
Monetary policy, a huge leap towards safety
The Reserve Bank of Zimbabwe (RBZ) governor, John Mangudya, yesterday took a huge positive leap towards healing the ailing economy when he devalued the bond note during his Monetary Policy Statement (...Published: 21 Feb 2019 at 21:02hrs | | by Staff reporter
Vingirai to regain control of seized banking assets
VETERAN banker Nicholas Vingirai stands to regain full control of his banking assets which were controversially seized by government in 2004 and later sold to ZB Holdings, once a deal to split the int...Published: 10 Aug 2018 at 11:32hrs | 2 | by Staff reporter
ZB Financial Holdings headed for split
THE ZB Financial Holdings (ZBFH) group is headed for a split amid indications that one of its major shareholder, Nicholas Vingirai wants out.Vingirai, who through his Transnational Holdings Li...Published: 12 Jan 2018 at 06:04hrs | | by Staff reporter
RBZ sets deadline for bank's demerger
THE Reserve Bank of Zimbabwe (RBZ) has set December 31, 2017, as the deadline for the separation of ZB Financial Holdings Limited (ZBFHL) from Intermarket Holdings Limited (IHL), which will see banker...Published: 11 Dec 2017 at 04:16hrs | | by Staff reporter
Zanu-PF bigwigs bleed banks dry
Politicians, particularly the elite in Zanu-PF, are proving to be a thorn in the flesh for the financial services sector, with hardly a month passing without the Deputy Sheriff being called in to put ...Published: 19 Jun 2017 at 13:58hrs | | by Staff reporter
ZB and Vingirai split imminent
THE split between ZB Financial Holdings (ZBFH) and Intermarket Holdings Limited (IHL) - which have been operating as a single entity for the past 11 years - seemed imminent last week after details eme...Published: 18 Jun 2017 at 10:03hrs | | by Staff reporter
Vingirai takes control of Mashonaland Holdings
NICHOLAS Vingirai, through his investment vehicle, Transnational Holdings Limited (THL), has taken control of Mashonaland Holdings (Mashold) following the appointment of his crony, Michael Mahachi, as...Published: 01 Jun 2017 at 08:27hrs | | by Staff reporter
Vingirai booted out of ZB board
The National Social Security Authority (NSSA) flexed its muscle and mobilised shareholders of the ZB Financial Holdings (ZBFH) to boot out banker Nicholas Vingirai and his nominees from the board at a...Published: 14 May 2017 at 15:46hrs | 1 | by Staff reporter
Former ZB Financial Holdings CEO dies
TOP banker, Elisha Nyikadzino Mushayakarara has died, Business Daily reported.He was born on 8 April 1943. ...Published: 16 Feb 2015 at 19:11hrs | 3 | by Staff reporter
Nicholas Vingirai fights on
Transnational Holdings Limited (THL) founder, Nicholas Vingirai and his allies, will have to wait a little longer before their fresh bid to reclaim their assets merged into ZB Financial Holdings (...Published: 27 Jan 2015 at 08:09hrs | | by Staff reporter
New twist to Intermarket, ZB saga
In a surprise turn of events in the ZB Financial Holdings and Intermarket Holdings Limited dispute, ex-Reserve Bank governor Gideon Gono has acceded that Nicholas Vingirai must be given back his asset...Published: 14 Jan 2015 at 07:26hrs | | by Staff reporter
Govt toughens punishment for money launderers
GOVERNMENT has toughened punishment for money launderers and funders of terrorism activities in Africa.In the extraordinary Government Gazette published Friday afternoon, President Robert Muga...Published: 06 Jan 2014 at 10:27hrs | | by Staff Reporter
Vingirai wins back his shares & assets at Intermarket
Businessman Mr Nicholas Vingirai has regained assets and shares he lost following the takeover of Intermarket Financial Holdings by ZB Financial Holdings through the Reserve Bank of Zimbabwe....Published: 22 Jul 2013 at 04:26hrs | | by Court reporter
ZSE: Industrials advances to cap record week
ZSE's Industrials continued to advance on Friday racing past the 212.00 level for the first time albeit in sluggish trades where only 5 counters traded in the positive territory while only 2 traded lo...Published: 24 May 2013 at 10:45hrs | | by Business reporter
Vingirai in new effort to get Intermarket back
Nicholas Vingirai's Transnational Holdings together with Econet Wireless Holdings Limited have resuscitated their legal battle to get the former Zimbank and Intermarket takeover reversed after filing...Published: 23 May 2013 at 14:20hrs | | by Financial Express
Vingirai's theft and externalisation trial date set
THE trial date for former Intermarket Holdings Limited chief executive Nicholas Vingirai, who is facing 11 counts of theft and two of externalisation, has been set for June 18. The charges involve US$...Published: 15 May 2012 at 06:15hrs | | by Staff reporter
ZB Financial Holdings reports an improved operating performance
ZB Financial Holdings reported an improved operating performance for FY 2011, posting attributable earnings of $5.8 million against a loss of $1.1 million the prior period. The performance was underpi...Published: 22 Mar 2012 at 07:42hrs | | by Business reporter
Zimra ordered to stop 100 percent body search
THE Zimbabwe Revenue Authority board has ordered its workers manning borders and International Airports to stop conducting body searches on travellers and tourists visiting the country. Zimra board c...Published: 18 Feb 2012 at 12:36hrs | | by Staff reporter
Vingirai charged with 11 counts of theft, out on $2000 bail
FORMER Intermarket Holdings Limited chief executive Nicholas Vingirai was yesterday charged with 11 counts of theft and two of externalisation involving US$300 000, R1 500 000 and Z$5 216 727....Published: 17 Nov 2011 at 04:16hrs | | by Staff reporter
Vingirai likely to appear in court today, faces 3 counts of externalisation of forex
Former Intermarket Holdings Limited CEO Nicholas Vingirai - who was on Monday arrested at the Harare International Airport after spending 7 years on the police wanted list - is likely to appear in cou...Published: 16 Nov 2011 at 09:19hrs | | by -
Vingirai arrested soon after landing in Zimbabwe
Former Intermarket Holdings CEO Nicholas Vingirai, who fled the country in 2004 after being accused of externalising funds, was arrested at Harare International Airport yesterday soon after arrival ba...Published: 15 Nov 2011 at 09:28hrs | | by Staf reporter
Biti appeals for the adjustment of sanctions on Zimbabwe: Wikileaks
ZANU-PF is a party in disarray, according to Minister of Finance and MDC-T Secretary General Tendai Biti. As a consequence, Mugabe will find it more difficult to comply with the Global Political Agre...Published: 04 Sep 2011 at 17:10hrs | | by Ray
Improved operating performance from ZB Financial Holdings
ZB Financial Holdings posted an improved operating performance for the interim period to 30 June 2011 as PBT climbed 437% year on year to $7 million. Total income grew 89% year on year to $19.1 milli...Published: 30 Aug 2011 at 07:24hrs | | by Imara
Nicholas Vingirai to bounce back as a major shareholder at ZB Holdings
VILIFIED exiled banker Mr Nicholas Vingirai is set to bounce back as a major shareholder of ZB Holdings Limited according to a deal which is being brokered by lawyer and TN Holdings group chief execu...Published: 12 Jun 2011 at 10:21hrs | 1 | by Mafu Sithabile
Zim pensioners paid below poverty datum line
Zimbabwean pensioners who hold policies at Old Mutual Zimbabwe (OMZ) are being paid out as little as US$20 (R138) a month √¢‚Ǩ‚Äú less than the universal poverty datum line of $1 a day √...Published: 25 Mar 2011 at 04:36hrs | | by Donwald Pressly
Mthuli Ncube's Barbican Bank resumes operations
Barbican Bank and Intermarket Banking Corporation which were placed under curatorship a few years ago will resume operations soon Reserve Bank of Zimbabwe Dr Governor Gideon Gono has said....Published: 16 Mar 2011 at 04:59hrs | 1 | by Byo24News
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