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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 | 200 | 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 | 130 | 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 | 6 | 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 | 1 | 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 | | 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 | 1 | 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 | 1 | 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 | 62 | by Staff reporter
Zimbabwe rainy season likely to be very short
The Government has advised farmers that the rainy season has started and is likely to be short with all parts of the country expected to receive rains this week.Information, Publicity and Broa...Published: 13 Dec 2023 at 05:11hrs | | 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 | 7 | by Staff reporter
Zimbabwe govt crackdown on dissent condemned
The Zimbabwe Human Rights NGO Forum has strongly criticized the government for its suppression of dissent and its inability to tackle the nation's socio-economic issues. During the African Co...Published: 25 Oct 2023 at 06:42hrs | | by Staff reporter
Everton Mlalazi wins big at Nigerian gospel show
From his homeland to Nigeria, the multilingual praise and worship singer, Everton Mlalazi, is now reaping the rewards of his artistic investments.As he continues to garner attention across the...Published: 04 Oct 2023 at 06:13hrs | 2 | 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 | 9 | by Staff reporter
Rogue traffic enforcers undermining business in Zimbabwe
FORMERLY known as an opulent suburb, Harare's Borrowdale area is gradually transforming into a commercial hub, not only for the city but the entire Zimbabwe.With its peace and flamboyance, Bor...Published: 23 Jul 2023 at 08:34hrs | 1 | by Staff reporter
Double Nigerian awards nomination for Mlalazi
MULTI-LINGUAL praise and worship singer Everton Mlalazi is on cloud nine as his efforts and exploits on the music scene continue to attract continental attention.Mlalazi, a member of the Seven...Published: 19 Jul 2023 at 06:48hrs | 1 | by Staff reporter
Women in agriculture capacitated
Over 200 women in agriculture were invited to meet with various stakeholders in Mashonaland East province for a capacity building in Agribusiness in Marondera today.The workshop unpacked oppor...Published: 18 May 2023 at 16:12hrs | 13 | by Simbarashe Sithole in Marondera
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
Ireland continues recruiting nurses from Zimbabwe
THE HSE continued to recruit nurses from Zimbabwe, Ghana and Nigeria for over a month after they were added to the World Health Organisation's (WHO) no-recruit list.The WHO keeps a list of cou...Published: 07 May 2023 at 08:09hrs | 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 | | 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 | | 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 | | 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 | | 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 | | 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 | | by Staff reporter
Blocked funds choke NMB
NMBZ Holdings Limited (NMB) registered US$13,4 million debt because of blocked funds with the central bank which it owes to various line of credit providers, it has been revealed.NMB's financi...Published: 18 Apr 2022 at 10:30hrs | 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 | 1 | by Staff reporter
Zimbabwe to draw US$145 million IMF funds
SOME US$145 million from the US$960 million Special Drawing Rights released by the International Monetary Fund last year to cushion member States against the effects of the Covid-19 pandemic will be d...Published: 06 Apr 2022 at 06:24hrs | | 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 | 5 | 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 | 8 | 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 | 7 | by Staff reporter
NetOne mobile broadband to drive financial inclusion
NETONE says its recently launched national mobile broadband (NMBB) programme will enhance the country's efforts towards expanding financial inclusion through the firm's mobile money platform, One Mone...Published: 25 Oct 2021 at 06:22hrs | | by Staff reporter
NetOne remembers Wedza
Mobile telecommunication giant NetOne yesterday launched a 3G/4G base station in Chanakira village, the heart of Ward 9 in Wedza under Chief Svosve , as it moves towards achieving the goal of establis...Published: 21 Oct 2021 at 08:54hrs | 2 | by Alice Mangwanda
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 | | by Staff reporter
NetOne to install 345 base stations
NetOne has promised the installation of above 300 base stations across Zimbabwe through the National Mobile Broad Band Expansion Project (NMBB3) to ...Published: 14 Oct 2021 at 19:34hrs | | by Lloyd Rabaya in Guruve
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 | 1 | by Staff reporter
Serial rapist in court
A KNIFE-WIELDING man who raped and robbed several women in Harare was arraigned before the courts yesterday.The rapist, Bessam Mahosi alias Kudzanai Gwaze Ambewe (37) appeared before magistrat...Published: 18 Aug 2021 at 06:48hrs | | 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 | 1 | 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 | 5 | 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 | 1 | by Staff reporter
Former NMB employees approach Supreme Court
FIVE former NMB employees have approached Supreme Court registrar demanding the release of a judgment reserved three years ago in a case where their employer challenged their reinstatement.The...Published: 26 May 2021 at 06:24hrs | | 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 | | 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 | 1 | 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 | 5 | 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 | 77 | 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 | 5 | by Batanai Matsika
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 | 1 | 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 | 12 | 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 | | by Dr Masimba Mavaza
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