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Zimbabweans pledge property for loans

Zimbabweans are increasingly pledging household items such as beds, fridges, and other personal property as collateral to secure small loans from financial institutions, highlighting the dire state of credit access and economic hardship fa…

Published: 08 Aug 2025 at 09:03hrs | 430 | by Staff reporter

POSB launches solar, Starlink loan scheme for schools

The People's Own Savings Bank (POSB) has launched an ambitious solar and Starlink internet loan scheme targeted at Zimbabwe's schools, marking a rare example of a local bank offering accessible, impactful financial support to the education…

Published: 07 Aug 2025 at 17:25hrs | 431 | 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

Female cop up for ivory possession

A female police officer stationed at the Zimbabwe Republic Police (ZRP) Chinhoyi Central has appeared in the Harare Magistrates' Court facing charges of illegal possession of ivory. Gilda Chaziva, 38, was remanded out of custody to June 14…

Published: 26 May 2025 at 08:16hrs | 79 | 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 ambassador to Zimbabwe, Jobst von Kirchmann, ha…

Published: 26 May 2025 at 08:16hrs | 53 | by Staff reporter

Man jailed for stealing girlfriend's car to secure loans

A 23-year-old man, Abel Chitsvare, will spend the next two years behind bars after he was convicted of stealing and using his girlfriend's car as collateral to secure loans without her consent.Chitsvare appeared before the Zvishavane Magis…

Published: 17 May 2025 at 12:23hrs | 144 | by Staff reporter

Zimbabwe war vets start applying for loans

War veterans across Zimbabwe have begun applying for loans from the US$1.5 million revolving fund under the Presidential War Veterans Fund, which is now being disbursed across all 10 provinces.Each province is receiving at least US$150,000…

Published: 01 Mar 2025 at 08:57hrs | 119 | by Staff reporter

Missing ZANU PF MP dupes mourners

Mazowe North Member of Parliament Campion "Missing MP" Mugweni has come under fire from Mvurwi residents and vendors who accuse him of giving fake promises after he promised to deliver cabbages at a funeral but failed to meet his promise.M…

Published: 20 Mar 2023 at 13:31hrs | 1 | by Simbarashe Sithole

Monetary policy inconsistency sinking economy

On the 17th of May 2022, the Reserve Bank of Zimbabwe (RBZ) issued a circular cancelling the order announced by the head of state on the suspension of bank lending one week earlier. The head of state had earlier pointed that the presidenti…

Published: 08 Jun 2022 at 07:19hrs | 4 | by Victor Bhoroma

Agric loans hit $302m

Banks have loaned more to the agriculture sector this year than other sectors as they view it as a growth area that anchors the economy.The sector got 31 percent, or $302 million, of the total loanable funds, while the other sectors shared…

Published: 05 Dec 2021 at 06:12hrs | 8 | by Staff reporter

RBZ call to move to productive loans bears fruit

THE Zimbabwe Association of Microfinance Institutions (Zamfi) has applauded its members' efforts to adhere to the Reserve Bank of Zimbabwe's calls to promote productive loans rather than consumer lending.In an interview, Zamfi executive di…

Published: 04 Feb 2018 at 09:32hrs | 3 | by Staff reporter

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