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Zimbabwean banker's 5 cars seized as cops probe US$2,3m fraud case
A banker accused of manipulating the banking system he was entrusted to protect and creating fake accounts to swindle his employer of approximately US$2.3 million has had his fleet of five vehicles se...Published: 29 May 2025 at 10:26hrs | 1578 | by Staff reporter
Biti criticizes Zimbabwe's economic policies
Former finance minister Tendai Biti has strongly criticized the economic policies under the current administration, describing them as "fictitious" and blaming them for Zimbabwe's ongoing de-industria...Published: 14 Dec 2024 at 12:34hrs | 515 | by Staff reporter
Standard Chartered Bank Zimbabwe changes name
FBC Holdings has officially renamed its newly acquired Standard Chartered Bank to FBC Crown Bank, according to regulatory authorities. FBC Crown Bank will function semi-autonomously as a subsi...Published: 04 Aug 2024 at 15:19hrs | 1160 | by Staff reporter
Mnangagwa regime doing the work of US sanctions in Zimbabwe!
My own views on this sanctions issue have always been that we needed to prove these measures were the cause of our suffering. I have never denied that there have been targeted sanctions impose...Published: 06 Mar 2024 at 23:01hrs | 6 | by Tendai Ruben Mbofana
Security firm boss in US$1m fraud
SPARTAN Security company boss Luka Fabris has been dragged to court over a US$1 million botched cattle ranching deal.Fabris who was represented by Musindo Hungwe and Joseph Nemaisa appeared be...Published: 21 Feb 2024 at 07:19hrs | 4 | by Staff reporter
Mnangagwa tightens his grip on levers of Zimbabwe's Treasury
WITH his close business ally John Muyashavanhu now confirmed as the incoming Reserve Bank of Zimbabwe (RBZ) governor, George Guvamatanga as Finance permanent secretary — chief accounting officer of ...Published: 12 Dec 2023 at 17:58hrs | 4 | by Staff reporter
Mnangagwa names business associate as new RBZ governor
FBC Holdings CEO John Mushayavanhu, a business associate of President Emmerson Mnangagwa, will become governor of the central bank from May 1, 2024, the presidency announced on Friday.Current ...Published: 08 Dec 2023 at 20:52hrs | 14 | by Staff reporter
CBZ in major strategic shake up
Pursuant to the strategic vision of creating one of the country's largest financial services groups, renowned banker, strategist and businessman Mr Luxon Zembe, has been appointed acting chairman of C...Published: 06 Dec 2023 at 05:02hrs | 17 | by Staff reporter
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 | 12 | 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 | 17 | by Staff reporter
7 armed robbers wanted for high profile cases
SEVEN suspected armed robbers who are on police's most wanted list for committing a spate of high profile criminal cases countrywide are believed to be operating and hiding in South Africa where most ...Published: 05 Jul 2023 at 07:12hrs | 4 | 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 | 2 | 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 | 20 | by Staff reporter
The death of the Zimbabwe dollar! Where do we go from here?
I am writing from Dubai in the Middle East. One of the admirable qualities of Muslim society is their harsh treatment of malefactors. I was surprised to find that children leave their bicycles outside...Published: 01 May 2022 at 11:19hrs | 1 | by Kenneth Mufuka
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 | 1 | by Staff reporter
The departure of Stan Chartered: A case of Economic commitment
Few days ago, the Standard Chartered bank closed all it's branches in Zimbabwe, except a few remaining as they wind up their 120 year journey in the southern African nation. This came as a surprise, a...Published: 16 Apr 2022 at 19:56hrs | | by Tinashe Eric Muzamhindo
Crime watchdog removes Zimbabwe from 'grey' watchlist
The global financial crime watchdog the Financial Action Task Force (FATF) has removed Zimbabwe from its "grey" watchlist, giving some rare relief to an economy battling global financial isolation....Published: 06 Mar 2022 at 08:27hrs | 2 | by Staff reporter
Zimbabwean woman makes waves at AU
SHE has already broken new ground, but her unflinching determination continues to push her further up towards breaking the glass ceiling.Last year, Zimbabwe's own Chido Cleopatra Mpemba was ap...Published: 06 Feb 2022 at 06:48hrs | 2 | 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
20 years of ruinous sanctions
The unilateral sanctions imposed on Zimbabwe by the West in the last 20 years have, among others, adversely affected the country's ability to boost its manufacturing sector, build health and education...Published: 29 Dec 2021 at 05:21hrs | 11 | by Staff reporter
Mnangagwa drools over COP26
WHILE President Emmerson Mnangagwa is relishing his forthcoming visit to the United Kingdom for COP26 - the 26th United Nations Climate Change Conference - the Zimbabwean leader will soon fly into Gla...Published: 31 Oct 2021 at 08:44hrs | 12 | by Staff reporter
Sanctions a divisive matter in Zimbabwe
AS Sadc mounted a fresh campaign to force the United States (US) and the European Union (EU) to lift two decades-long sanctions against Zimbabwe this week, a war of words erupted between opposition pa...Published: 31 Oct 2021 at 08:27hrs | 3 | by Staff reporter
Bulawayo still reeling from illegal sanctions
THE tale of the demise of Bulawayo's industries is a story which cannot be separated from the illegal sanctions imposed by Western countries on Zimbabwe.Once considered the country's industria...Published: 01 Oct 2021 at 07:52hrs | 1 | 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 | 1 | by Nobleman Runyanga
Ceteris Paribus #SanctionsMustGo
IN November 2018, Zimbabwean telecoms mogul Strive Masiyiwa joined the anti-sanctions lobby highlighting that no country could prosper with "its hands tied at the back".The impact of sanctions...Published: 20 Aug 2021 at 07:15hrs | 22 | by Eben Mabunda
Ramaphosa appoints scandal-ridden Godongwana as finance minister
South African president Cyril Ramaphosa announced 10 changes to his cabinet, including the appointment of close political ally Enoch Godongwana as his new finance minister.Godongwana succ...Published: 06 Aug 2021 at 10:15hrs | 1 | by Staff reporter
Standard Chartered joins against Covid 19 pandemic
Standard Chartered Bank Zimbabwe has contributed USD1 million to the International Rescue Committee (IRC) and Oxfam for programmes providing emergency relief to communities impacted by the COVID-19 pa...Published: 24 Mar 2021 at 19:04hrs | 2 | by Shelton Muchena
Mohadi: Tale of a brave man knocked down by ruinous sex
LIKE many of his contemporaries, Kembo Dugishi Campbell Mohadi - who hails from Mtetengwe area 40 kilometres west of Beitbridge border town along the Bulawayo highway - belongs to a generation which w...Published: 06 Mar 2021 at 08:03hrs | 8 | by Staff reporter
Renewed EU sanctions dent Zimbabwe's re-engagement drive
THE decision by the European Union (EU) last week to maintain sanctions on Zimbabwe drives yet another dagger in the heart of President Emmerson Mnangagwa's reengagement drive, amid fresh allegations ...Published: 26 Feb 2021 at 06:53hrs | 3 | by Staff reporter
British officials owe Zimbabwean people an apology, says Moss
A FORMER United States State Department official says the British government should consider apologising to Zimbabwean people for supporting a failed bid to back Harare's debt arrears plan which under...Published: 13 Feb 2021 at 14:55hrs | 10 | by Staff reporter
Zimbabwe's cartels that are not the real cartels
I just read the report by Daily Maverick, that is purporting to expose cartels in Zimbabwe. The problem with the report is it does not include the obvious and leading cartels in Zimbabwe, such as Old ...Published: 11 Feb 2021 at 09:38hrs | 5 | by Simbarashe Mwandipendaa
Duo in court over fake COVID-19 certificates
TWO Harare men who allegedly manufactured fake COVID-19 certificates appeared in court yesterday and were remanded in custody by Harare magistrate Barbara Mateko. They are facing fraud and forgery cha...Published: 03 Feb 2021 at 06:22hrs | | by Staff reporter
Chiyangwa's 50 children maintenance bill
BUSINESSMAN-CUM-POLITICIAN Philip Chiyangwa recently told a court that he is paying maintenance for more than 50 children.This came to light after his High Court appeal against a $40 000 maint...Published: 17 Dec 2020 at 17:59hrs | 10 | 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
Fitch and Moody's downgrade South Africa's credit ratings further
In a move that Finance Minister Tito Mboweni described as 'painful', rating agencies Fitch and Moody's pushed South Africa's credit rating deeper into the scrap heap of junk with downgrades announced ...Published: 24 Nov 2020 at 05:04hrs | 1 | by Staff reporter
Sports Clubs under siege
A syndicate of MDC Alliance councillors, some sports club members and council employees are targeting sports clubs around the country for sale with a larger chunk of the proceeds allegedly going into ...Published: 01 Sep 2020 at 07:39hrs | 2 | by John Sigauke
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 | 1 | by Staff reporter
Bank CEO reads riot act to protesting workers
Standard Chartered Bank chief executive Ralph Watungwa has read the riot act to workers that have been camped at the financial institutions premises protesting against poor remuneration. The employees...Published: 19 Aug 2019 at 07:55hrs | 2 | by Staff reporter
The reality of stagflation in Zimbabwe
The current fiscal year is turning out to be a challenging year for the Zimbabwean economy. The country is experiencing all the features of economic decline from a recession, high unemployment rate, d...Published: 20 Jul 2019 at 19:31hrs | | by Victor Bhoroma
Nkosinathi Ncube quits NetOne
NetOne Managing Director for Mobile Financial Services (MFS) Nkosinathi Ncube tendered his resignation on Tuesday this week, Zim Tech...Published: 05 Jul 2019 at 19:34hrs | 17 | by Staff reporter
RBZ fail to fund Zimbabwe investor portfolio fund
THE Reserve Bank of Zimbabwe (RBZ) has failed to fund the Zimbabwe investor portfolio fund since 2017 due to loss of confidence in the economy by foreign investors, businessdigest reported.Fun...Published: 31 May 2019 at 07:57hrs | | by Staff reporter
Mhlauri opens up on coaching career, poultry business
GROWING up and playing football in the grubby streets of Mpopoma high-density suburb in Bulawayo, all Charles Mhlauri wanted to do was to be a footballer of note.It didn't therefore come as a ...Published: 26 May 2019 at 13:48hrs | 1 | by Staff reporter
Foreign investors threaten ZSE pullout
The inability by foreign investors to repatriate capital and disinvestment proceeds from the country is hampering the performance of the Zimbabwe Stock Exchange, amid reports custodians are threatenin...Published: 03 May 2019 at 09:55hrs | | 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 | 5 | by Patrick Guramatunhu
Zimbabwe sanctions lies exposed
Standard Chartered Bank has been fined US$18 million for violating the United States Department of the Treasury's Office of Foreign Assets Control's (OFAC) sanctions on Zimbabwe in a development that ...Published: 11 Apr 2019 at 07:07hrs | 4 | by Staff reporter
'Don't believe American propaganda' says Trevor Ncube
Alpha Media Holdings Boss Trevor Ncube has urged Zimbabweans to shun the propaganda by the United States Embassy that Zimbabwe is under sanctions but only a few people are being targeted. Ncub...Published: 10 Apr 2019 at 21:25hrs | 7 | by Mandla Ndlovu
Reserve Bank of Zimbabwe broke, says Biti
PARLIAMENT'S Public Accounts Committee chairperson Tendai Biti says the Reserve Bank of Zimbabwe (RBZ) is effectively broke after government ran up its overdraft facility with the bank to finance its ...Published: 08 Apr 2019 at 13:56hrs | | by Staff reporter
A lot of US dollar buyers, but no sellers over low rate set by RBZ
Zimbabwe's new currency will be backed up with fiscal discipline, Finance Minister Mthuli Ncube said on Monday, adding that the government would allow the RTGS dollar to fluctuate but would manage exc...Published: 26 Feb 2019 at 06:41hrs | 1 | by ZimLive
Zimbabwe money transfer agencies to import own notes
Zimbabwean money transfer agencies face increasing problems in meeting their customer obligations owing to the termination of correspondent-bank arrangements between local banks and international fina...Published: 22 Feb 2019 at 10:29hrs | | by Staff reporter
Mnangagwa's worst British nightmare
PRESIDENT Emmerson Mnangagwa's quest to re-engage the international community suffered a severe blow this week after his key Western backer Britain expressed support for additional European sanctions ...Published: 08 Feb 2019 at 08:53hrs | 3 | by Staff reporter
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