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Zimbabwe cannot fund large-scale projects without monetary autonomy
Zimbabwe's economic debate is often framed through the lens of inflation control, exchange rate stability, and the day-to-day functionality of the US dollar in domestic transactions.Yet, benea...Published: 01 Jul 2025 at 12:05hrs | 196 | by Brighton Musonza
Econet Wireless Zimbabwe dominates 65th ZITF
Econet Wireless Zimbabwe stole the show at the 65th edition of the Zimbabwe International Trade Fair (ZITF), walking away with four top awards, including the coveted Presidential Award for the Supreme...Published: 26 Apr 2025 at 09:38hrs | 257 | by Staff reporter
Zimbabwe's Banking Sector and No Arrests Years Down the Line
United Merchant Bank (UMB) - Closed in 1998 due to insider loans and mismanagement.Universal Merchant Bank (UMB) - Closed in 2003 struggled with negative perceptions after UMB's collapse....Published: 05 Dec 2024 at 20:15hrs | 307 | by Engineer Jacob Kudzayi Mutisi
Zimbabwe's errant bankers must be punished
Vocal Harare political activist and business advocate, Engineer Jacob Mutisi, has called for stringent accountability for bankers and financial institutions involved in the mismanagement and fraudulen...Published: 05 Dec 2024 at 09:19hrs | 1417 | by Staff reporter
Zimbabwe's banking sector and no arrests years down the line
United Merchant Bank (UMB) - Closed in 1998 due to insider loans and mismanagement.Universal Merchant Bank (UMB) - Closed in 2003 struggled with negative perceptions after UMB's collapse....Published: 05 Dec 2024 at 09:07hrs | 620 | by Eng. Jacob Kudzayi Mutisi
Big international bank leaving Ramaphosa's South Africa
HSBC has exited its operations in South Africa after concluding deals with FirstRand and Absa to take over its two main divisions in the country. The bank first opened a South African office i...Published: 29 Sep 2024 at 12:49hrs | 44633 | by Staff reporter
Zimbabwe ranks top on misgovernance
Zimbabwe has been highlighted for all the wrong reasons, with three research think-tanks ranking the country as the worst in governance, corruption, and human rights violations. A recent report by Wor...Published: 20 Sep 2024 at 08:01hrs | 225 | by Staff reporter
A Tale of Corporate Fraud, the contrasting Cases of South Africa and Zimbabwe
Corporate fraud has plagued both South Africa and Zimbabwe, with high-profile cases shedding light on the flaws in their respective financial systems. Thi...Published: 23 Mar 2024 at 07:10hrs | 18 | by Jacob Kudzayi Mutisi
RBZ withdraws Avis Bank's licence for failing to start operations
The Reserve Bank of Zimbabwe (RBZ) has cancelled Avis Bank Limited licence after the financial institution failed to commence operations as per registration requirements.According to Legal Ide...Published: 25 Nov 2023 at 07:50hrs | 18 | by Staff reporter
Tshabangu followed due process
THE CBZ Bank said the financial institution followed due process when Sengezo Tshabangu, the self-proclaimed interim secretary-general of Citizens Coalition for Change (CCC), opened a corporate accoun...Published: 18 Nov 2023 at 19:43hrs | 21 | by Staff reporter
Zimbabwe govt determined to modernise all border posts
GOVERNMENT says it is determined to modernise all the country's border posts to solve the acute shortage of infrastructure as well as increase efficiency.Speaking at the handover-takeover of t...Published: 06 Mar 2023 at 05:19hrs | 1 | by Staff reporter
Shareholders fight directors over Tetrad Bank control and assets
TETRAD Investment Bank (TIB) shareholders are locked in a heated row with its directors for the control of the defunct financial institution's US$13 million assets. TIB has properties and othe...Published: 12 Oct 2022 at 18:49hrs | 7 | by Agencies
Zimbabwe tycoon set to get US$139 million refund from Bank of Zambia
THE HIGH Court of Zambia has ordered the country's central bank to pay back US$139, 191, 386 seized in 1998 to Zimbabwean business tycoon, Jayesh Shah, and his company Al Shams Building Materials Limi...Published: 30 Sep 2022 at 06:23hrs | 1 | by Staff reporter
Nedbank chops off 23 workers
Nedbank Zimbabwe Limited has retrenched 23 workers, including 10 managers, citing a shift in its strategic focus.The workers affected by the compulsory retrenchment exercise, which took effect...Published: 11 Aug 2022 at 06:42hrs | 2 | by Staff reporter
Chidawu leaves bitter-sweet legacy
THE untimely death Tuesday of Harare Metropolitan Provincial Affairs minister, Oliver Chidawu (68), due to suspected cardiac arrest, ignited social media amid revelations the top engineer-cum-politici...Published: 20 Jul 2022 at 08:19hrs | 13 | by Staff reporter
Zanu-PF mourns Chidawu
Zanu-PF has expressed shock following the death of Minister of State for Harare Metropolitan Provincial Affairs and Devolution Oliver Chidawu.Chidawu collapsed and died this morning at his hom...Published: 19 Jul 2022 at 18:40hrs | 2 | 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
Trevor Ncube's dalliances with Mnangagwa run much deeper
This article on the mysterious and controversial relations between President Emmerson Mnangagwa and local publisher Trevor Ncube is a summary based on an extract from...Published: 08 Apr 2022 at 09:22hrs | 418 | by Jonathan Mbiriyamveka
UK warmongers tell Chelsea fans to stop chanting Abramovich's name
Chelsea fans must stop the "completely inappropriate" chanting of Russian owner Roman Abramovich's name, British Prime Minister Boris Johnson's spokesman said yesterday.Blues supporters again ...Published: 15 Mar 2022 at 05:36hrs | 1 | by Staff reporter
Let's stand with banking sector - Shutdown Chinese Mines Exploiting Workers - Union
NMWUZ - National Mine Workers' Union of Zimbabwe President Mr Kurebwa Javangwe Nomboka has said that his organization is in solidarity with striking teach...Published: 12 Feb 2022 at 08:25hrs | 11 | by Maxwell Teedzai
Chamisa, Mwonzora, Khupe fights are killing democracy
Just imagine that Zanu-PF had succeeded in establishing a one-party state as it had initially wanted, after drinking too much off the communist-socialist mug.Well, the scenario wouldn't be fit...Published: 06 Feb 2022 at 06:56hrs | 4 | by Tawanda Majoni
West casts sanctions net wider
LOCAL banks have raised concerns over capitalisation demands by the Reserve Bank of Zimbabwe (RBZ) compelling the financial institutions and deposit-taking micro-financefirms to meet their tar...Published: 21 Jan 2022 at 18:35hrs | 11 | by Staff reporter
Munatsi, Dzanya wanted US$14m from BancABC
AT the time of his mysterious death, which relatives and friends believe was a cold blooded murder, Zimbabwe Investment and Development Agency boss Douglas Munatsi and his business partner Francis Dza...Published: 12 Dec 2021 at 20:18hrs | 14 | by Staff reporter
Gono mourns Doug Munatsi
It is with great sadness that my family and I mourn the untimely death of a fine, seasoned banker and patriotic son of the soil, Douglas Munatsi in tragic circumstances not yet explained to the nation...Published: 01 Dec 2021 at 05:34hrs | 13 | by Dr Gideon Gono
Kasukuwere mourns Munatsi
Exiled Saviour Kasukuwere sent his condolence message to the Munatsi family following the untimely death of Chief Executive Officer of Zimbabwe Investment Development Agency, Douglas Munatsi who died ...Published: 29 Nov 2021 at 12:33hrs | 10 | by Simbarashe Sithole
BREAKING: Zimbabwe Top Banker burnt to death in his house
CEO of the Zimbabwe Investment and Development Agency, Douglas Munatsi, has died. He was burnt by a fire that gutted his flat located at the corner of Fifth Street and Josiah Tongogara Avenue on Monda...Published: 29 Nov 2021 at 08:29hrs | 11 | by Mandla Ndlovu
Campbell Musiwa: Chartered Accountant par excellence
Mr Campbell Musiwa holds a Bachelor of Accountancy Degree obtained from the University of Zimbabwe as well as a Masters in Business Leadership Degree from the University of South Africa.He qua...Published: 28 Nov 2021 at 07:44hrs | 13 | by Staff reporter
Govt mulls merger of six banks into three entities
A PROPOSAL to merge six financial institutions into three big ones is being considered by the Zimbabwean government, in a different consolidation process from the CBZ Holdings, ZB Financial Holdings, ...Published: 10 Sep 2021 at 18:53hrs | 11 | 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 | 13 | by Staff reporter
Time Bank set to reopen
Time Bank of Zimbabwe Limited, the first locally owned commercial bank to be established in the country, is set to reopen soon its doors to the public, the bank's owners said in a statement ahead of t...Published: 09 Sep 2021 at 06:04hrs | 13 | 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 | 5 | by Staff reporter
Graft-accused Biti not off the hook
THE Zimbabwe Anti-Corruption Commission (ZACC) is still investigating MDC-A vice president Mr Tendai Biti over allegations he instructed the National Social Security Authority (NSSA) to deposit over U...Published: 06 Jun 2021 at 09:51hrs | 4 | by Staff reporter
Central bank and monetary policy independence
The government of Zimbabwe recently dissolved the inaugural Monetary Policy Committee (MPC) that had been appointed in September 2019 and swiftly appointed a new team to fill up the void. The committe...Published: 09 Mar 2021 at 22:34hrs | 5 | by Victor Bhoroma
Ex-top banker speaks on daring escape
NMBZ Holdings founder James Mushore has spoken of how he evaded arrest and fled to exile over a decade ago after being accused of externalising foreign currency.Mushore (JM) told Alpha Holding...Published: 07 Mar 2021 at 08:12hrs | 13 | by Staff reporter
Ground-breaking deal for Beitbridge border
South African lenders including Standard Bank Group and FirstRand have provided $130 million of loans for an upgrade of the Beitbridge border post.The financing for the Beitbridge border betwe...Published: 14 Feb 2021 at 12:29hrs | 4 | by Staff reporter
Funding deal struck for Beitbridge border revamp
A US$300 million deal has been struck for the redevelopment of the Beitbridge Border Post, with a consortium of South African banks availing funds for a project that is expected to not only provide a ...Published: 14 Feb 2021 at 09:41hrs | 12 | by Staff reporter
African banks sign deal to rehabilitate Beitbridge border post
A group of African banks has signed a US$194mn senior debt facility to rehabilitate the Beitbridge border post, a crossing that connects Zimbabwe and South Africa.Rand Merchant Bank (RMB) acte...Published: 29 Jan 2021 at 07:23hrs | 2 | by Staff reporter
Local firms vie for CSC
A CONSORTIUM of local companies and industrialists are seeking to seize a 75% stake in the defunct Cold Storage Company (CSC) after tabling a US$225 million investment proposal to the government....Published: 15 Jan 2021 at 07:46hrs | 5 | by Staff reporter
Biti thrown into ZACC's jaws …as Chamisa unleashes Varakashi on him
The bickering within the MDC Alliance presidium continues to crescendo with that party's leader, Nelson Chamisa hurling every weapon he bumps into, to his fiercest rival, Tendai Biti.The Harar...Published: 30 Jul 2019 at 16:04hrs | | by John Sigauke
Biti's dealings under ZACC investigation, says Gutu
MDC-T Vice President, Obert Gutu, has come out guns blazing alleging that millions of public funds disappeared in the now collapsed Interfin Bank under the watch of loudmouth, Tendai Biti who was the ...Published: 25 Jul 2019 at 19:44hrs | | by Sizalobuhle Khumalo
Zimbabwean national appointed to ICAEW Africa Members Advisory Board
the Institute of Chartered Accountants in England and Wales - has today announced the appointment of Tinashe Rwodzi to its Africa Members Advisory Board. Rwodzi, who is the Zimbabwe and Malawi country...Published: 16 Jul 2019 at 20:04hrs | 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
Skeletons tumbling at Choppies
SKELETONS are tumbling out of Botswana headquartered Choppies' closet ahead of the completion at month-end of a forensic probe into the group, with multiple sources claiming the findings will rock the...Published: 19 Jun 2019 at 07:40hrs | 5 | by Staff reporter
Cement shortage chokes construction industry
ZIMBABWE'S construction industry contracted by 6,3% percentage points last year due to acute cement shortages and unsustainable prices of construction materials, a Treasury report has shown.Ac...Published: 12 Apr 2019 at 06:45hrs | 1 | by Staff reporter
Building Zimbabwean Business via Access to Investment & Global Markets
The ZIMDABA Business Platform of Investment Conferences is designed and aligned toward showcasing the variety and depth of business-ready or near-ready opportunities within Zimbabwe and the region....Published: 07 Apr 2019 at 08:33hrs | 2 | by Staff reporter
'I am Mutumwa Mawere! the hypocrite'
Mutumwa Mawere, an ex-business magnate, has a rosy educational story with stints in Zimbabwe, Swaziland, the UK and the U.S. (George Washington University) where he obtained a Master of Science (Manag...Published: 09 Jan 2019 at 22:45hrs | 3 | by Sam Wezhira
RBZ boss freed on $6,000 bail
Mirirari Chiremba, the suspended Reserve Bank of Zimbabwe director of financial intelligence appeared in court on Thursday charged with criminal abuse of office.Chiremba, of Marlborough, Harar...Published: 07 Dec 2018 at 12:25hrs | 4 | by ZimLive
Barclays Zimbabwe name change comes into effect
BARCLAYS Bank of Zimbabwe Limited shareholders have approved the change of the name of the company to First Capital Bank Limited effective today, on the Zimbabwe Stock Exchange. The decision w...Published: 08 Oct 2018 at 06:22hrs | 3 | by Staff reporter
Barclays Bank Zimbabwe changes name to First Capital Bank
Barclays Bank Zimbabwe, which was acquired by Malawian banking group First Merchant Bank Capital Holdings, is notifying the public that they will be undergoing a name change effective from next Monday...Published: 05 Oct 2018 at 10:46hrs | 2 | by Ndou Paul
Govt goes after businesses as cash crisis gnaws
The Zimbabwe Anti-Corruption Commission (Zacc) has threatened to go after businesses that do not bank cash proceeds as well as financial institutions that allegedly channel cash into the informal sect...Published: 06 Sep 2018 at 07:02hrs | 1 | by Staff reporter
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