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RBZ approves FBC acquisition of StanChart
THE Reserve Bank of Zimbabwe (RBZ) has approved FBC Holdings Limited's (FBCHL) purchase of Standard Chartered Bank Zimbabwe Limited (SCBZL), making it one of the biggest banks in the country.A...Published: 15 Nov 2023 at 05:12hrs | 8 | by Staff reporter
Zimbabwe's FBC Holdings acquires Standard Chartered Bank's business portfolio
Zimbabwe's FBC Holdings Limited and Standard Chartered Bank have reached an agreement for the acquisition of the latter's business portfolio in the country, subject to regulatory approval by the Reser...Published: 08 Jun 2023 at 18:04hrs | | by Staff reporter
The greatest African players to play in the English Premier League
There have been many top African players that have graced the English Premier League. From midfield technicians to deadly frontmen, all kinds of footballers from the continent have starred in England'...Published: 06 Apr 2023 at 08:14hrs | 15 | by Staff Reporter
FNB of South Africa plus 4 other investors vie for Standard Chartered Bank Zimbabwe?
THE proposed takeover of Standard Chartered Bank Zimbabwe (StanChart), the country's oldest financial institution, has moved a gear up after five prospective investors including local and regional ent...Published: 21 Jan 2023 at 11:25hrs | 12 | by Staff reporter
Standard Chartered Zimbabwe names Mubayiwa as CEO
Standard Chartered Zimbabwe has named Mubaiwa Mubayiwa as CEO, replacing Ralph Watungwa, who leaves after 'misconduct' allegations. He was Head of Corporate Commercial and Inst...Published: 11 May 2022 at 11:59hrs | 18 | by Staff reporter
RBZ on StanChart Zimbabwe exit
THE Reserve Bank of Zimbabwe (RBZ) says the divestiture of Standard Chartered Bank Zimbabwe Limited will result in change of ownership and control of the giant banking institution, which will continue...Published: 25 Apr 2022 at 08:47hrs | | 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 | 6 | by Staff reporter
StanChart CEO's misconduct allegations under probe
STANDARD Chartered Bank Zimbabwe says it has started investigations into allegations of alleged misconduct involving senior management.This comes slightly over three weeks since media reports ...Published: 04 Feb 2022 at 05:30hrs | | by Staff reporter
Stanchart in eye of storm over Mthuli Ncube tax
Standard Chartered Bank Zimbabwe has been criticised for its plans to unilaterally recover from customers uncollected transaction taxes, dating back two years, in just three months. For unknow...Published: 17 Dec 2020 at 06:52hrs | 1 | by Staff reporter
Stanchart Bank closes branch
Standard Chartered Bank, one of the country's biggest and oldest financial institutions, has said it will close its Gweru branch next month and transfer the city's accounts to Bulawa...Published: 06 Sep 2019 at 06:59hrs | | by Staff reporter
Bank fined US$18 million for violation US sanctions – sanctions are now hitting the target, great
"Dear Zimbabwe US sanctions against Zimbabwe are not targeted. They affect all of us. Don't listen to the United States Embassy propaganda," Trevor Ncube said.Ncube was speaking after the Unit...Published: 11 Apr 2019 at 20:49hrs | | by Patrick Guramatunhu
Zimbabwe banks plunge deeper into forex crisis
A vendor counts money at a vegetable street market in Caracas, Venezuela, on Wednesday, Aug. 17, 2016. Venezuela's imports from its six biggest trading partners including Brazil, the U.S., China, Arge...Published: 01 Feb 2019 at 14:06hrs | | by Staff reporter
StanChart sued over $78000 unauthorised withdrawal
THE Bulawayo Publicity Association (BPA) has taken Standard Chartered Bank of Zimbabwe (StanChart) to court for allegedly allowing unauthorised signatories to illegally withdraw more than $78 000 from...Published: 15 Dec 2018 at 09:20hrs | | by Staff reporter
CABS is the top bank in Zimbabwe
FINANCE minister Mthuli Ncube has urged banks to diversify and develop business models tailored to meet special requirements of the unbanked and underserved segments of the population.Ncube wa...Published: 03 Dec 2018 at 07:28hrs | | by Staff reporter
CABS come tops Banks and Banking survey
CABS emerged the top-performing bank at this year's edition of the Zimbabwe Independent Banks and Banking Survey ceremony, which was held in Harare last night.CBZ was the first runner-up, foll...Published: 30 Nov 2018 at 09:32hrs | | by Staff reporter
CDC concerned about Zimbabwe's currency issues
The Commonwealth Development Corporation (CDC) has expressed concern over Zimbabwe's currency situation after Treasury resolved tax compliance issues around a long-delayed $100m loan that was extended...Published: 28 Oct 2018 at 21:20hrs | | by Staff reporter
Measures to foster price stability
THE Reserve Bank of Zimbabwe (RBZ) has given banks until mid this month to create separate foreign currency accounts for nostro and real time gross settlement (RTGS) accounts as part of measures to pr...Published: 02 Oct 2018 at 09:36hrs | | by Staff reporter
RBZ gives banks ultimatum
THE Reserve Bank of Zimbabwe (RBZ) has given banks until mid this month to create separate nostro (external bank) foreign currency accounts (FCAs) and real time gross settlement (RTGS) FCA accounts, a...Published: 02 Oct 2018 at 07:18hrs | 2 | by Staff Reporter
Zimra insists on $100m loan tax
A DELAY by the Zimbabwe Revenue Authority in clarifying tax issues around a $100 million commercial loan recently advanced by the British government, through the state-run Commonwealth Development Fun...Published: 27 Jul 2018 at 11:20hrs | | by Staff reporter
Advice to MDC Allians:Know what to oppose and what to support
The opposition politicians must know what to oppose and what to support unless if they want to lose respect in the eyes of the citizens . There are people who just oppose something without reasoning s...Published: 23 Jun 2018 at 13:12hrs | 1 | by Erick Matotoba
British loan, compliment China's mega deals, soften Zanu PF vote-rigging - China's new acolyte
The report that StanChart, a British multinational and financial services group, is extending a US$100 million loan facility to Zimbabwean private sector; will be seen as the British are down-playing,...Published: 18 May 2018 at 17:26hrs | | by Nomusa Garikai
Biti is offside on the British loan to Zim businesses
The opposition politicians must know what to oppose and what to support unless if they want to lose respect in the eyes of the citizens.The Tendai Biti attack on the $100M private sector loan ...Published: 18 May 2018 at 11:00hrs | 2 | by Hopewell Chin'ono
British govt banking on Mnangagwa
EVIDENCE of Britain's meddlesome support for President Emmerson Mnangagwa's administration and that he is their preferred choice to lead Zimbabwe after this year's general elections in July is mountin...Published: 18 May 2018 at 08:21hrs | 1 | by Staff reporter
PHOTOS: A reflection of what Bulawayo is today
Hopewell Chin'ono, an award-winning journalist and documentary filmmaker posted a collage of pictures that are a reflection of what Bulawayo is today on Twitter.Said Chin'ono, "A friend posted...Published: 17 May 2018 at 17:58hrs | 2 | by Hopewell Chin'ono @daddyhope
StanChart appoints Drogba ambassador
Standard Chartered Bank has appointed Ivorian football legend Didier Drogba as its digital bank ambassador.Drogba will be endorsing the bank's first digital bank in Africa to be launched in Ab...Published: 08 Mar 2018 at 05:26hrs | 2 | by Staff reporter
StanChart riles depositors over Ecocash
STANDARD Chartered Bank has riled its depositors after taking long to integrate its system with Ecocash, to enable them to transact with others who do not have formal bank accounts.Ecocash is ...Published: 01 Feb 2018 at 05:24hrs | | by Staff reporter
Britain's StanChart bails out Zimbabwe govt
THE Zimbabwean government has committed to paying the US$1,2 billion arrears to the World Bank by April this year, as the first step towards unlocking fresh funding from multilateral institutions, but...Published: 26 Jan 2018 at 07:59hrs | | by Staff reporter
Army visit Wicknell Chivayo's home
Following the reported discovery of a huge cash stash estimated to be ten million dollars at Finance Minister Chombo's home, soldiers from the Military Police are reported to have dropped by Wicknell ...Published: 18 Nov 2017 at 14:26hrs | | by Staff reporter
'Standard Chartered Bank won't exit Zimbabwe'
The country's oldest banking institution, Standard Chartered Bank Zimbabwe has said it is here to stay and will not exit the market anytime soon.StanChart CEO Ralph Watungwa told guests at the...Published: 18 Jun 2017 at 10:21hrs | | by Staff reporter
StanChart cancels visa services for Zimbabweans
Standard Chartered's Zimbabwe-based unit has cancelled the use of Visa cards outside the country as Zimbabwe continues to grapple with dollar shortages. In a notice published in a lo...Published: 07 Feb 2017 at 10:49hrs | | by Staff reporter
Lawyers sue banks over bond notes
A group of lawyers are planning to sue several banks over alleged exorbitant bank charges and imposition of bond notes in foreign currency account of clients.CABS, Standard Chartered and Stanb...Published: 09 Dec 2016 at 07:17hrs | | by Alice Dube
British bank rescues Mugabe
British multinational banking and financial services group Standard Chartered Bank Plc previously embroiled in controversial sanctions investigations in the United States and freezing of capital inves...Published: 02 Dec 2016 at 05:39hrs | | by Staff reporter
Court saves Zimbabwe banks from litigation
The High Court says people failing to get their money out of banks cannot sue the banks but the Reserve Bank of Zimbabwe (RBZ), which has put in place regulations restrictions withdrawals or money...Published: 11 Nov 2016 at 05:43hrs | | by Staff reporter
StanChart account freeze sparks anger
Standard Chartered Bank has frozen several bank accounts that have received large deposits and also advised its clients that with immediate effect, ID verification will be carried out at all its a...Published: 03 Jun 2016 at 08:37hrs | 1 | by Staff reporter
StanChart Zimbabwe exporting jobs to Kenya, India?
The Zimbabwe Banks and Allied Workers’ Union (ZIBAWU) has accused Standard Chartered Zimbabwe of exporting jobs to its Kenyan and Indian counterparts by migrating a number of processes and servi...Published: 03 Feb 2016 at 06:17hrs | | by Staff reporter
StanChart Zimbabwe set to lay off 36 workers
Standard Chartered Bank of Zimbabwe is set to lay off 36 employees this month owing to reduced returns stemming from a decline in lending and transactional volumes. In a notice to retrench...Published: 15 Jan 2016 at 07:27hrs | | by Staff reporter
StanChart rapped over transactions
Analysts say Standard Chartered Bank Zimbabwe's plans to stop US dollar cross border transactions for selected account holders with effect from next month is a calculated move to avoid penalties a...Published: 25 Aug 2015 at 08:00hrs | | by Staff reporter
StanChart Zimbabwe in sanctions trap
Standard Chartered Bank Zimbabwe will with effect from August 31 2015 cease to process all United States Dollar cross border transactions after the bank's vendor in New York, US, changed its servi...Published: 24 Aug 2015 at 07:22hrs | | by Staff reporter
Zimbabwean man sues Stanchart for $1 million over his picture
One of the leading international financial institutions, Standard Chartered Bank, faces a US$1 million for an alleged illegal use of a portrait advertising its brand without the knowledge of the beare...Published: 10 Jun 2014 at 16:04hrs | 1 | by Staff reporter
StanChart orders IDC to close its bank account
Foreign-owned bank Standard Chartered Zimbabwe has ordered the Industrial Development Corporation to close its bank account with the institution next month, an executive told a parliamentary committe...Published: 29 Jan 2014 at 05:25hrs | 1 | by Staff reporter
Minister's wife loses two-storey house to bank
THE High Court has ordered the sale of Zimbabwe Media Commission member Millicent Mombeshora's Borrowdale house in a bid to repay a debt owed to Kingdom Bank.According to a notice issued by a ...Published: 06 Dec 2013 at 03:28hrs | | by Staff reporter
'Remove RBZ immunity,' says Moyo
PROMINENT lawyer and business executive Mr Stanford Moyo says there is need to remove immunity of the Reserve Bank of Zimbabwe from prosecution to inspire confidence in the central bank.Mr Moy...Published: 21 Oct 2013 at 12:09hrs | 1 | by Business reporter
Chinese company takes RBZ to court
A Chinese company Shougang Int has taken RBZ to court demanding the release of its money garnished from Standard Chartered. The company's lawyer Tendai Masawi has said serious political conse...Published: 16 Jul 2013 at 05:46hrs | | by Staff reporter
Kasukuwere not backing down on StanChart indigenisation
THE National Indigenisation and Economic Empowerment Board has written to Standard Chartered Bank Zimbabwe threatening to revoke its licence if the British-owned bank does not comply with the country'...Published: 12 Apr 2013 at 04:17hrs | | by Staff reporter
Zim empowerment board threatens to shut down Stanchart Bank
THE Economic empowerment board has threatened to shut down British-owned Standard Chartered bank and three mining companies until they comply with the country's indigenisation laws.According ...Published: 08 Apr 2013 at 06:49hrs | 1 | by Staff reporter
Stanchart opens another branch in Bulawayo
Standard Chartered Bank has added a second branch in Bulawayo with officials saying the financial institution is playing its role in the industrial revival of the city. The bank plans to inve...Published: 07 Mar 2013 at 10:19hrs | 1 | by Staff reporter
James Maposa appointed Stanchart chairman
HARARE - The local unit of global banking group, Standard Chartered (Stanchart) has appointed James Maposa as its new chairman with effect from the 1st of this month.Maposa a veteran mining ex...Published: 20 Mar 2012 at 06:43hrs | | by Editor
Stanchart Zimbabwe says NO to empowerment
STANDARD Chartered Bank Zimbabwe is on a collision course with Government after expressing reluctance to meet indigenisation thresholds in line with the empowerment laws.The bank, owned by St...Published: 26 Sep 2011 at 05:22hrs | | by Staff reporter
AAG's hit list of foreign companies
The Affirmative Action Group (AAG), has targeted five firms including commercial banks which are foreign owned and are operating in Zimbabwe, showing their solidarity with 87-year-old Presid...Published: 03 Mar 2011 at 05:16hrs | | by Byo24News
Zim Gov to close down foreign banks, Barclays, Stanbic, Stanchart
President Mugabe on Wednesday speaking at the launch of the Anti-sanctions Petition Campaign held in Harare, urged Zimbabweans to boycott the American products and take action against those British an...Published: 02 Mar 2011 at 11:52hrs | | by Byo24NEWS
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