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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
NMBZ finalises US$70m external credit lines
Zimbabwe Stock Exchange-listed financial services group NMBZ Holdings is on the verge of securing external lines of credit worth over US$70 million, as part of its broader strategy to unlock US$100 mi...Published: 19 May 2025 at 09:19hrs | 84 | by Staff reporter
Colonial master pledges stronger trade and investment ties with its colony
The United Kingdom has reaffirmed its commitment to strengthening relations with Zimbabwe, placing a particular focus on boosting trade and investment between the two countries. This was revealed by B...Published: 24 Apr 2025 at 07:16hrs | 73 | by Staff reporter
NMBZ turns to Rabobank for agric financing
NMBZ Holdings Limited, a leading financial services group, has announced a strategic partnership with Rabobank, a Dutch multinational specializing in banking and financial services, to implement an en...Published: 19 Nov 2024 at 08:49hrs | 235 | by Staff reporter
Zimbabwe, United Kingdom trade up 67%
Trade between Zimbabwe and Britain surged by 67 percent to over US$800 million in 2023 compared to 2022, according to UK deputy ambassador to Zimbabwe, Dr. Joanne Abbot. Speaking at the launch...Published: 26 Jul 2024 at 06:34hrs | 139 | by Staff reporter
Land developer up for fraud
Directors of Full Life Open Arms Africa (Private) Limited Andrew Chegutu and Godknows Nelson Mandaza have been taken to court for allegedly defrauding Chiredzi Town Council and Chiredzi Rural Council ...Published: 06 Jul 2024 at 11:44hrs | 15 | by Staff reporter
NMBZ optimistic on ZiG inflation-easing impact
Listed financial services provider, NMBZ Holdings Limited, has expressed optimism about the inflation-easing impact of the new Zimbabwe Gold (ZiG) currency, following a 209% revenue increase in the fi...Published: 21 May 2024 at 08:27hrs | 2 | by Staff reporter
Retailers, service providers switch to ZiG prices
SEVERAL businesses and key service providers had by yesterday successfully converted prices of their goods and services to the new Zimbabwe Gold (ZiG) currency to ensure smooth consumer transactions....Published: 10 Apr 2024 at 06:02hrs | 1 | by Staff reporter
Zimswitch, EcoCash roll out new currency
FOLLOWING the unveiling of the new currency last Friday, the country's sole national payments platform and clearing house, Zimswitch, yesterday announced that it had completed the rollout of the ZiG p...Published: 09 Apr 2024 at 06:18hrs | 2 | by Staff reporter
Major Zimpapers shake-up looms
THE state-controlled Zimbabwe Newspapers (1980) Ltd (Zimpapers) will soon appoint new editors after announcing a new board chaired by former Chief Secretary to the President and Cabinet Misheck Siband...Published: 30 Jan 2024 at 19:21hrs | 4 | by Staff reporter
Mnangagwa relative by marriage appointed to Zimpapers Board
The state-controlled Zimbabwe Newspapers (1980) Ltd (Zimpapers) has announced a new board chaired by former Chief Secretary to the President and Cabinet Misheck Sibanda's wife Doreen Joyce Sibanda....Published: 26 Jan 2024 at 13:38hrs | 115 | by Staff reporter
Bulawayo city centre in electricity blackout
SOME parts of the Bulawayo city centre do not have electricity due to a cable fault.In a statement on X, the Zimbabwe Electricity Transmission and Distribution Company (ZETDC) said they are wo...Published: 28 Nov 2023 at 18:53hrs | 10 | by Staff reporter
Zimbabwe govt warns corrupt councillors
NATIONAL Housing and Social Amenities minister Daniel Garwe has warned corrupt councillors against illegally giving out land in their respective local authorities.Garwe said this while commiss...Published: 08 May 2023 at 06:11hrs | 1 | by Staff reporter
Sanctions on Zimbabwe no excuse for failure
NATIONAL Housing minister Daniel Garwe yesterday said sanctions were no excuse for failure to develop the country.Zanu-PF has been quick to blame sanctions for the country's socio-economic cri...Published: 06 May 2023 at 06:34hrs | 4 | by Staff reporter
Ex-defence official asked to explain wealth
THE National Prosecuting Authority continues to press those suspected of acquiring wealth through corruption and other criminal activity to explain how they have bought their houses and cars, with the...Published: 25 Aug 2022 at 06:31hrs | 1 | by Staff reporter
2 500 hit-and-run accidents recorded in Zimbabwe
The numbers of motorists who hit pedestrians or other vehicles on the roads and speed off without rendering assistance is now on the increase with the police recording about 2 500 hit-and-run accident...Published: 08 Aug 2022 at 05:44hrs | 3 | by Staff reporter
Security guard killed in road accident
A CHINHOYI NMB bank branch security guard was this morning killed by a speeding vehicle outside the banking hall as he knocked off from work.The man met his fate at around 7am, when a driver o...Published: 01 Aug 2022 at 19:04hrs | 2 | by Staff reporter
Harare man fails explain source of US$300,000 deposit
A Harare man has had some US$300,000 frozen in a local bank after he failed reportedly failed to explain how and why he money came to be in his account, it has emergedThe High Court recently h...Published: 03 Jul 2022 at 09:25hrs | | by Staff reporter
Court freezes account after US$300 000 deposit
THE High Court has frozen an account at NMB Bank after US$300 000 was deposited into it with inadequate information on its origins, leading to authorities suspecting money laundering.This was ...Published: 30 Jun 2022 at 06:47hrs | 1 | 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
NMB hails economic stabilisation initiatives
LISTED financial services concern, NMB Bank Limited has hailed economic stabilisation efforts employed by monetary authorities saying such efforts have gone a long way to reduce year on year inflation...Published: 17 Apr 2022 at 09:13hrs | 3 | by Staff reporter
Justice Mushore still Awol after ruling against Malaba
THE Judicial Service Commission (JSC) is keen on establishing why High Court judge Edith Mushore (pictured) has not been reporting for duty for weeks on end, amid concerns over the safety and health o...Published: 06 Nov 2021 at 17:58hrs | 10 | by Staff reporter
NMB donates foodstuffs to Dzikwa Trust to help feed 850 children
NMB Bank on Thursday last week handed over to Dzikwa Trust, groceries, toiletries, masks and sanitisers to assist the trust in feeding more than 850 vulnerable children in and around Harare's Dzivaras...Published: 18 Oct 2021 at 20:45hrs | 1 | by Staff reporter
Company loses ZW$2 million goods to fraudster
A local retail outlet, Brand Port Private Limited, is counting losses after it gave away goods worth $1 777 814 to a suspected fraudster after being shown a fake bank transfer.This followed a ...Published: 22 Aug 2021 at 10:56hrs | 3 | by Staff reporter
Chinese firm to fix Zimbabwe’s troubled aviation system
A Chinese multi-national, China Harbour Engineering Company (CHEC), has just signed a contract worth close to US$5 million to fix Zimbabwe's troubled aviation air communication systems despite a flawe...Published: 30 Jun 2021 at 17:09hrs | 2 | by Staff reporter
Access to NMBConnect now free on Econet lines
Econet customers can now access NMBConnect, NMB Bank's Digital Branch, free of data costs. This was announced today by NMB Bank chief executive Ben Washaya, who said work was underway to conclude a si...Published: 15 Jun 2021 at 13:40hrs | 9 | by Agencies
Mnangagwa, Chamisa rush to assist stranded Mpilo doctors
PRESIDENT Emmerson Mnangagwa's administration has committed $287 million towards the construction of new accommodation for doctors at Mpilo Central Hospital in Bulawayo after their living quarters wer...Published: 02 Jun 2021 at 18:43hrs | 2 | by Staff reporter
NMBZ realises $705 million pre-tax profit
NMBZ Holdings realised a profit before taxation of ZWL 705 414 282 last year, in what the group's chairman, Mr Ben Chikwanha, described as a remarkable performance, despite the difficult operating env...Published: 07 Apr 2021 at 10:36hrs | 3 | by Agencies
NMB Bank's digital innovation disrupts banking landscape
NMB Bank has launched a Virtual Branch on their digital platforms, enabling customers to carry out all cash transactions online, including paperless multi-currency cash deposits and withdrawals, Dstv ...Published: 09 Mar 2021 at 09:45hrs | 2 | by Staff reporter
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
NMB opens Money Transfer and DSTV Centre
It is now possible to experience quick and focused service when collecting money sent from abroad and paying DSTV subscriptions. NMB Bank has opened a centre in Harare's central business district dedi...Published: 03 Mar 2021 at 13:56hrs | | by Agencies
60% of Bulawayo companies close shop
THE labour movement, consumer rights groups, small enterprises and informal traders have lamented the continuous collapse of Bulawayo industries amid revelations that up to 60% of companies have close...Published: 19 Feb 2021 at 07:04hrs | 146 | by Staff reporter
Big brands troop into Victoria Falls facility
A STRING of the country's big brands, including fast food outlets, has stampeded into Zimre Property Investments' Sawanga Mall in Victoria Falls, helping the top end real estate gem notch 95% occupanc...Published: 28 Dec 2020 at 07:32hrs | 2 | by Staff reporter
UK trucks importer enters Zimbabwe market
A United Kingdom-based truck importing company, Carsden Group, has expanded into Zimbabwe where it seeks to supply the local industry and farmers with high-quality usedtrucks at competitive prices...Published: 20 Dec 2020 at 07:01hrs | 23 | by Staff reporter
MDC Alliance leader Nelson Chamisa's 'caught pants down'
Zimbabweans have been shocked by blatant lies said by the MDC A leader when he went on defensive denying his ugly hand in the demolition of properties in Budiriro. The under fire leader tried to blame...Published: 15 Dec 2020 at 17:13hrs | 1 | by Dr Masimba Mavaza
NMBZ realises inflation adjusted half-year comprehensive income of $992 million
NMBZ Holdings, NMB Bank's holding company, realised an inflation adjusted total comprehensive income of ZWL992 251 893 in the six months to June 30 compared to ZWL703 127 345 in the same period last y...Published: 03 Sep 2020 at 18:52hrs | 1 | by Agencies
Residents slam poor banks service delivery
BULAWAYO residents are complaining about poor service delivery at banks in the city when changing their foreign currency into local currency. The residents said they are made to wait for long ...Published: 04 Jul 2019 at 08:08hrs | | by Staff reporter
NMB facilitates growth of agricultural exports
NMB Bank is keen to help promote agricultural exports, which is one of the reasons it is this year participating for the first time at the Agricultural Dealers' and Manufacturers' Association (ADMA) A...Published: 13 Jun 2019 at 08:24hrs | 1 | by Staff reporter
NMB founder contests High Court ruling
NMB Bank founder Julius Makoni's loan dispute with his former bank is far from over as the banker-turned clergyman approached the Supreme Court challenging the High Court ruling compelling him to pay ...Published: 28 Mar 2019 at 23:34hrs | 1 | by Staff reporter
NMB Bank founder to pay back $1.1m
Former NMB Bank founder Mr Julius Makoni started his banking business with the intention to harvest money from the financial institution for himself, the High Court ruled in a case in which the banker...Published: 25 Mar 2019 at 22:43hrs | | by Staff reporter
NMB donates to cyclone victims, facilitates public donations
NMB Bank has donated various foodstuffs and consumables to assist families who have suffered from the devastating effects of Cyclone Idai, which hit north eastern parts of the country.To help ...Published: 19 Mar 2019 at 08:16hrs | 1 | by Staff reporter
RBZ boss' case deferred
Suspended Reserve Bank of Zimbabwe (RBZ) Financial Intelligence Unit director Mirirai Chiremba's application for refusal of further remand was yesterday rolled over to Thursday after his lawyer, Mr Ad...Published: 19 Mar 2019 at 06:29hrs | 1 | by Staff reporter
Zinara chefs face corruption probe
DETECTIVES from the police's Criminal Investigation Department (CID) Fraud Squad have opened a probe into two Zimbabwe National Road Administration (Zinara) senior managers over allegations of corrupt...Published: 08 Mar 2019 at 13:14hrs | 1 | by Staff reporter
Supervisor nabbed for tollgate fees 'theft'
A supervisor at the Gweru South tollgate has been arrested for allegedly stealing about $11 000 collected as toll fees. Frank Tendai Mushonga (39) from Gweru appeared before Ms Mildred Matuvi ...Published: 29 Jan 2019 at 23:21hrs | | by Staff reporter
RBZ boss' bail conditions relaxed
Reserve Bank of Zimbabwe (RBZ) financial intelligence unit director Mirirai Chiremba's bail conditions have been relaxed. Chiremba stands accused of criminal abuse of office after he all...Published: 26 Jan 2019 at 17:15hrs | | by Staff reporter
Slapping guard triggers $6 000 lawsuit
NMB Bank administrator Mr Lazarus Chidoori has been slapped with a $6 380 lawsuit by a security guard he allegedly beat up while manning his flat. Mr Chidoori, who stays at Number 4 Glenside R...Published: 09 Jan 2019 at 11:15hrs | | by Staff reporter
Strive Masiyiwa stole Econet share, his lawyer responds
Prominent businessman and formerly Strive Masiyiwa's lawyer Tawanda Nyambirai has issued a lengthy and heated response to the allegations that the Zimbabwean dollar billionaire should not have ended u...Published: 08 Jan 2019 at 23:11hrs | 3 | by Staff reporter
Zanu-PF stalwart sues top bank $91 000
Zanu PF stalwart and safari operator, Headman Sibanda is seeking $91 036 compensation from NMB Bank Limited for damages incurred when his property was attached and sold by the bank over a debt he had ...Published: 04 Jan 2019 at 09:25hrs | 4 | by Staff reporter
Businessman remanded for mortgaging council land
A HARARE businessman, one of the shareholders of Augur Investments that won a tender to construct Airport Road, appeared in court yesterday facing fraud allegations after he mortgaged City of Harare l...Published: 23 Nov 2018 at 05:36hrs | | by Staff reporter
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