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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 | 1576 | 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
'Projected Trump victory driving demand for dollars'
Increasing belief on the financial markets that Donald Trump will win the US presidential election next month has been strengthening the dollar, Bloomberg has reported, citing British multinational ba...Published: 25 Oct 2024 at 13:45hrs | 567 | by Staff reporter
Big international bank leaving Ramaphosa's South Africa
HSBC has exited its operations in South Africa after concluding deals with FirstRand and Absa to take over its two main divisions in the country. The bank first opened a South African office i...Published: 29 Sep 2024 at 12:49hrs | 44633 | 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
Deloitte exits Zimbabwe as management leads buyout
Deloitte, one of the world's big four accountancy firms, is leaving its Zimbabwe business and senior partners will buy out the unit.The Zimbabwe practice will exit the Deloitte network by Octo...Published: 15 Feb 2024 at 10:15hrs | 11 | 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
Cyril Ramaphosa won't act on rand-fixing banks
President Cyril Ramaphosa will not act against the banks over rand fixing, according to Unisa Professor Boitumelo Senokoane.Senokoane, who joins the popular narrative that the president's stro...Published: 27 Nov 2023 at 16:35hrs | 14 | by Sifiso Mahlangu
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
200 000 graves cemetery for Bulawayo
BULAWAYO is set to have a 200 000-capacity cemetery which is expected to address the burial space shortage which has been haunting the city in recent years.The project is being implemented as ...Published: 02 Oct 2022 at 09:00hrs | 2 | by Staff reporter
Mnangagwa visited Mutami at school?
A FORMER boyfriend of Susan Mutami and her school friends at Loreto High School in Silobela, Midlands, have validated claims that a man believed to be President Emmerson Mnangagwa she now accuses of r...Published: 10 Aug 2022 at 08:42hrs | 4 | by Staff reporter
Man loses $45K to armed robbers
A man lost more than $45K to armed robbers in Bulawayo on Saturday afternoon.Police spokesperson for Bulawayo province Inspector Abednico Ncube confirmed the incident which happened between Me...Published: 11 Jul 2022 at 14:01hrs | 8 | by Desmond Nleya and Shelton Muchena
Robbers flee with nearly US$100K
Armed robbers vanished with close to US$80 000 at a Standard Chartered ATM, Newlands Shopping Center in Harare this Thursday.The suspec...Published: 07 Jul 2022 at 14:51hrs | 9 | by Desmond Nleya
WorldRemit closes transfers to Zimbabwe banks
British-based digital payments service, WorldRemit has announced its removal of direct bank transfers to Zimbabwean accounts in favour of mostly cash transactions.This came a month after Zimba...Published: 18 Jun 2022 at 07:28hrs | 13 | 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 | 24 | 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
Mnangagwa barking up wrong tree
PRESIDENT Emmerson Mnangagwa launched the first of a series of victory rallies in Epworth at the weekend, and is earmarked to cover the entire country to ostensibly thank those who voted for the rulin...Published: 25 Apr 2022 at 09:02hrs | 2 | 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 | 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
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 | 10 | by Staff reporter
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 | 1 | 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
Steward Bank retrenches workers
Steward Bank, Zimbabwe's largest bank by customer base, says it is reviewing its structures and operations to adapt to technological changes in a move that will see the institution rationalise its sta...Published: 02 Feb 2022 at 05:25hrs | 6 | 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
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 | 12 | 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 | 2 | 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 | | 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
Business executives are sounding decidedly upbeat in Zimbabwe
Business executives are sounding decidedly upbeat in Zimbabwe, a sea change from the pessimism they've expressed through two decades of economic mismanagement and institutional decay.The south...Published: 28 Feb 2021 at 09:07hrs | 2 | 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
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