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Stanbic avails US$21,6m for Beitbridge border upgrade
Stanbic Bank and its parent company, Standard Bank Group, recently unveiled a US$21,6 million loan facility for sprucing up of the Beitbridge Border Post and its environs.The loan facility was...Published: 21 Oct 2021 at 06:18hrs | 290 | by Staff reporter
Stanbic Bank facilitates the USD 21.6 M sprucing up of the Beitbridge Border Post
Harare, 20 October 2021: Stanbic Bank and its parent company, Standard Bank Group recently availed a USD21.6 million loan facility for the sprucing up of the Beitbridge Border Post and its environs....Published: 20 Oct 2021 at 18:28hrs | 723 | by Agencies
Stanbic Bank donates matresses, blankets and pillows for children's home
Stanbic Bank has donated 11 mattresses, 22 blankets and 11 pillows to Wings of Hope Children's Home in Houghton Park, southern Harare, in keeping with its commitment to meet the needs of underprivileg...Published: 15 Oct 2021 at 18:30hrs | 92 | by Agencies
Ultimatum for defaulting farmers
Farmers financed under Command Agriculture have until November 30 to deliver their maize to the Grain Marketing Board or be blacklisted so they can not access any more Government-guaranteed loans and ...Published: 28 Sep 2021 at 06:10hrs | 272 | by Staff reporter
AU's $1,3 million scholarships open doors
AS the first semester of 2021/22 begins, Africa University has awarded close to US$1,3 million in scholarships and financial aid to students in need. Six hundred students from 20 countries received th...Published: 20 Sep 2021 at 07:12hrs | 381 | by Staff reporter
Bloodbath in banking sector
ZIMBABWE'S banks, under siege from prolonged market turbulences and the Covid-19 scourge, fired almost 300 workers during the seven months to July, continuing a carnage sparked by the worldwide migrat...Published: 12 Sep 2021 at 08:55hrs | 819 | by Staff reporter
Jobs bloodbath at CBZ Holdings
FINANCIAL services giant, CBZ Holdings Limited has sent dozens of workers home after completing an extensive review of its business model, the second such bold move within a few months.NewsDay...Published: 06 Sep 2021 at 05:31hrs | 5990 | by Staff reporter
Old Mutual rallies re-engagement efforts
FINANCIAL services provider, Old Mutual Holdings has implored relevant authorities to continue with international re-engagement efforts to attain healthier relations with international financial marke...Published: 05 Sep 2021 at 06:53hrs | 172 | by Nobleman Runyanga
Deutsche Bank cuts ties with Zimbabwean bank
Deutsche Bank has cut correspondent banking ties with Standard Bank Group’s Zimbabwean unit, dealing a body-blow to one of the few remaining international banking providers operational in the southe...Published: 01 Sep 2021 at 17:30hrs | 743 | by Staff reporter
'Demand for local currency working capital swelling'
STANBIC Bank Zimbabwe says its operations have remained resilient to macro-economic challenges bedevilling the country having posted an inflation adjusted profit after tax of ZW$1,2 billion for the ha...Published: 27 Aug 2021 at 06:32hrs | 472 | by Staff reporter
Stanbic maintains steady performance in first half
Stanbic Bank has transcended the macroeconomic challenges bedeviling the country to post an inflation adjusted profit after tax of ZWL 1.2 billion for the half year to June 2021.The Standard B...Published: 26 Aug 2021 at 08:26hrs | 363 | by Staff reporter
Stanbic assists people living with albinism
Stanbic Bank has once again come to support people living with albinism by donating an assortment of sun protection products worth over ZW$ 1. 6 million to the Albino Charity Organisation of Zimbabwe ...Published: 18 Aug 2021 at 10:45hrs | 241 | by Staff reporter
How business incubators are helping entrepreneurs in Africa
Stanbic Bank's parent company, Standard Bank Group has provided R10.9 billion in relief to personal and SME clients across Africa in recognition of the challenges faced by SMEs as well as help them ge...Published: 06 Aug 2021 at 07:45hrs | 611 | by Staff reporter
Siphosami Malunga served with 14 day ultimatum for eviction from farm
Alleged beneficiaries of the Edidakeni Estate, a farm part-owned by Open Society Initiative for Southern Africa (OSISA) boss Siphosami Malunga have served him with a 14 day eviction order.This...Published: 17 Jul 2021 at 19:22hrs | 2009 | by Staff reporter
Fraudster nabbed after $1m swindle
A SUSPECTED fraudster who allegedly posed as an Econet airtime dealer appeared in court for duping an unsuspecting airtime vendor of $1 507 000.The suspect, Michael Mutsvunguma, appeared befor...Published: 25 Jun 2021 at 07:55hrs | 1820 | by Staff reporter
Stanbic Bank's donation pays off as number of births shoots up by 100 % at Sally Mugabe Maternity Hospital
The number of caesarean operations at Sally Mugabe Central Hospital Maternity wing has shot up by 100 percent following the renovation and re-equipping of theatre 1 by financial services institution, ...Published: 31 May 2021 at 14:01hrs | 586 | by Agencies
Stanbic equips Sally Mugabe Hospital
STANBIC Bank has donated equipment worth US$37 000 to Sally Mugabe Central Hospital's maternity wing.The bank also availed $2 million towards refurbishment of the wing.This initiative ...Published: 29 Apr 2021 at 06:24hrs | 247 | by Staff writer
Stanbic resuscitates Sally Mugabe Hospital maternity theatre
Leading financial services institution, Stanbic Bank has purchased equipment to resuscitate operating procedures in theatre number 1 at the maternity wing, and also refurbished its recovery room at Sa...Published: 27 Apr 2021 at 10:16hrs | 573 | by Agencies
Zimra engulfed in corruption storm over whistle-blowers
THE Zimbabwe Revenue Authority (Zimra), which operates a whistleblower facility in a bid to eradicate tax fraud and duty evasion, is caught in a damaging storm of corruption in which its senior office...Published: 17 Apr 2021 at 16:24hrs | 1487 | by Staff reporter
Standard Bank Group appoints new Chief Executive for Africa Regions
Stanbic Bank Zimbabwe's parent Company, Standard Bank Group, Africa's largest bank by assets, has appointed Yinka Sanni as its new Chief Executive for Africa Regions and a member of the Group Leadersh...Published: 16 Apr 2021 at 19:09hrs | 845 | by Agencies
Haruzivishe represents everything wrong about opposition politics
A young member of the MDC formation led by Nelson Chamisa, Makomborero Haruzivishe, was sentenced to 14 months in prison by the Harare Magistrates Court this week for inciting public violence. ...Published: 09 Apr 2021 at 07:16hrs | 373 | by Nobleman Runyanga
ZCTU slams businesses for double dealing
THE Zimbabwe Congress of Trade Unions (ZCTU) has slammed some local businesses for enjoying access to foreign currency at the official rate while unfairly pricing their goods and services using parall...Published: 04 Apr 2021 at 09:01hrs | 112 | by Staff reporter
Standard Bank named Best Bank in Africa
Stanbic Bank Zimbabwe's South African-based parent company, Standard Bank Group, has been named the Best Bank in Africa in Global Finance's 28th annual awards for the World's Best Banks. Addit...Published: 26 Mar 2021 at 12:01hrs | 368 | by Agencies
RBZ warns banks
The Reserve Bank of Zimbabwe (RBZ) has warned banks which offer overdrafts to companies to buy foreign currency from the auction system saying such a move creates speculation in the market and promote...Published: 18 Mar 2021 at 06:42hrs | 3029 | by Staff rpeorter
Stanbic sets up remote branches for tobacco season
Harare - 09 March 2021 Leading financial services institution, Stanbic Bank, has set up nine remote branches at tobacco auction floors throughout the country to enable ease of access to funds for toba...Published: 09 Mar 2021 at 14:39hrs | 583 | by Agencies
Stanbic appoints new CFO
Stanbic Bank has appointed seasoned banker, Tafadzwa Mahachi as their new Chief Financial Officer (CFO), with effect from 1 March 2021. Mahachi, who is a Chartered Accountant and a holder of a...Published: 03 Mar 2021 at 09:05hrs | 2251 | by Agencies
Zimbabwean agriculture recovery in motion
ZIMBABWE is an agrarian economy and has huge potential to produce enough for its people and surplus that can be exported to generate foreign currency. However, there is a puzzling divergence between i...Published: 28 Feb 2021 at 10:43hrs | 487 | by Dr John Basera
Stanbic bank employs virtual assistant for enhanced client experience
Stanbic Bank has launched a virtual assistant/a chatbot, aptly named "Stan", set to shorten the response time for customer queries as part of the bank's digitization drive.The chatbot, Stan, h...Published: 03 Feb 2021 at 08:58hrs | 717 | by Agencies
Nyanhongo takes over as Stanbic CE effective 1 Janaury 2021
Stanbic Bank has appointed its Chief Financial Officer, Solomon Nyanhongo as Chief Executive (CE) with effect from 1 January 2021.Nyanhongo takes over from Joshua Tapambgwa who leaves after 18...Published: 11 Jan 2021 at 10:10hrs | 2955 | by Agencies
Tapambgwa leaves Stanbic bank
Stanbic Bank, Chief Executive (CE), Joshua Tapambgwa has stepped down from the helm of the leading financial services institution, effective 31 December 2020, after an illustrious 18 years at the Stan...Published: 10 Jan 2021 at 15:10hrs | 2532 | by Agencies
Stanbic Bank to step up COVID-19 mitigation measures through digitisation
Leading financial services institution, Stanbic Bank, is banking on its top-notch innovative mobile and internet platforms to ensure its clients are well served throughout the 30-day lockdown....Published: 08 Jan 2021 at 11:33hrs | 463 | by Staff reporter
Registar general's trial continues
The trial of suspended Registrar General Clemence Masango, who is facing criminal abuse of office charges over vehicle purchases, continued yesterday with the State calling the former chief accountant...Published: 16 Dec 2020 at 17:39hrs | 1079 | by Staff reporter
Stanbic Bank zero-rates digital banking platform for clients
Stanbic Bank Zimbabwe has taken the cost of accessing some of its digital banking platforms charges from the customer to the bank. As a way of enabling their customers to enjoy the convenience of digi...Published: 16 Dec 2020 at 14:33hrs | 755 | by Agencies
Standard Bank Group publishes fossil fuels financing policy
Johannesburg - Stanbic Bank Zimbabwe's parent company, Standard Bank Group, has published its Fossil Fuels Financing Policy as part of its efforts to improve it...Published: 14 Dec 2020 at 14:00hrs | 428 | by Agencies
Stanbic shuts two more branches
STANBIC Bank Zimbabwe says it is closing branches in Hwange and Westgate, Harare, in line with its digitisation strategy.Early this year Stanbic discontinued operations at the Chitungwiza and ...Published: 04 Dec 2020 at 06:37hrs | 679 | by Staff reporter
Stanbic named Bank of The Year 2020
HARARE - 3 December 2020 - Leading financial services institution, Stanbic Bank has been awarded the 2020 Bank of the Year 2020 accolade for the second year running by top banking magazine - The Banke...Published: 03 Dec 2020 at 09:04hrs | 1354 | by Agencies
Stanbic in eye of 'wage theft' storm
STANBIC Bank Zimbabwe is facing its toughest moments in many years, after a key union approached the financial institution's South African headquartered parent, Standard Bank Group, raising a stink ov...Published: 01 Dec 2020 at 06:55hrs | 2167 | by Staff reporter
Stanbic continues with digital banking agenda
HARARE - 30 NOVEMBER 2020 Stanbic Bank continues to implement its digitization strategy as it seeks to remain in sync with the futuristic need for technological advancement as well as the dictates of ...Published: 30 Nov 2020 at 10:44hrs | 987 | by Agencies
Stanbic donates USD $34K worth of sun protection products to people living with albinism
HARARE - 20 NOVEMBER 2020 Stanbic Bank has donated sun protection products worth US$34 000 to the Albino Charity Organization of Zimbabwe (ALCOZ) as part of its annual Corporate Social Investment (CSI...Published: 20 Nov 2020 at 15:49hrs | 316 | by Agencies
Supreme Court throws out ex-Mines minister's appeal
The Supreme Court has turned down former Mines deputy minister Fred Moyo's leave to appeal a decision against seizure of his estate to settle an over US$766 000 debt he owed to Stanbic Bank.Mo...Published: 20 Nov 2020 at 06:28hrs | 826 | by Staff reporter
Stanbic launches contactless debit cards and POS machines
Leading financial services institution, Stanbic Bank is set to launch contactless debit cards and POS machines as the institution pushes ahead with its highly innovative technology advancement approac...Published: 09 Sep 2020 at 10:13hrs | 1935 | by Staff reporter
Stanbic IBTC Institutes Scholarship Awards For Nigerian Undergraduates
Stanbic IBTC Holdings PLC, a member of the Standard Bank Group, has called for applications for the maiden edition of its 2020 Scholarship Programme.The Stanbic IBTC 2020 Scholarship Programme...Published: 03 Sep 2020 at 13:48hrs | 479 | by Simbarashe Sithole
Jacob Mudenda reported to the Special Anti-Corruption Unit
Pressure Group Chapter 2 Movement has reported Speaker of Parliament Jacob Mudenda to the Special Anti-Corruption Unit over allegations involving a $1 million land scandal which involves ZESA Holdings...Published: 22 Aug 2020 at 18:19hrs | 4756 | by Mandla Ndlovu
Rogue cops ruin man's life
48-year-old employee of platinum mining giant Unki Mines is demanding justice after he was brutalised by police in April this year while queuing at a bank in Gweru.Amos Siska, a rock support a...Published: 16 Aug 2020 at 08:18hrs | 857 | by Staff reporter
Stanbic enhances FCA digital banking
Stanbic Bank has stepped up functionality of Foreign Currency Accounts (FCAs) on their digital banking platforms, in a move that will allow customers to take full advantage of the interbank rates bein...Published: 06 Aug 2020 at 08:57hrs | 756 | by Staff reporter
'No freebies under Mnangagwa regime'
Mechanisation and irrigation projects initiated by Government are not for free and beneficiaries will be expected to pay back loans, with all loans being issued through banks using banking criteria of...Published: 21 Jul 2020 at 08:57hrs | 789 | by Staff reporter
Stanbic urges farmers to insure their livestock
As Zimbabwe continues to face various challenges in its Agricultural sector brought about by climatic change and other natural factors, Stanbic Bank has urged farmers to take advantage of its Agribusi...Published: 07 Jul 2020 at 18:33hrs | 681 | by Staff reporter
Standard Bank Group collaborates with Salesforce towards becoming a platform business
In a virtual signing event symbolic of the technologically powered new normal, Standard Bank, the parent company of leading financial services institution, Stanbic Bank Zimbabwe, has unveiled an exten...Published: 02 Jul 2020 at 08:55hrs | 817 | by Agencies
Mnangagwa launches US$51 million John Deere mechanisation facility
President Mnangagwa has launched the US$51 million John Deere Mechanisation Facility that is expected to transform the agriculture sector and ensure the industry becomes the pathway out of poverty and...Published: 25 Jun 2020 at 16:19hrs | 1512 | by Staff reporter
Stanbic Bank in virtual Africa investors conference
In line with current world trends, Stanbic Bank Zimbabwe's parent company, Standard Bank Group has adopted a digital approach to enable African corporate clients and leading policymakers to connect vi...Published: 23 Jun 2020 at 19:28hrs | 112 | by Staff reporter
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