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Steward Bank records 18% surge in US dollar deposits
Steward Bank has reported an 18% year-on-year increase in US dollar deposits, along with a boost in profitability, in a development seen as a strong vote of confidence in the bank's evolving strategy ...Published: 30 May 2025 at 12:10hrs | 90 | by Staff reporter
Steward Bank to be renamed TN Cybertech Bank
A formal notice has been issued for the intended name change of one of Zimbabwe’s most prominent financial institutions. In accordance with the Companies and Other Business Entities Act [Chapter 24:...Published: 13 Apr 2025 at 15:42hrs | 4139 | by Staff reporter
Changes at Steward Bank as Nyambirai makes a comeback
EcoCash Holdings has announced changes to its board following businessman Tawanda Nyambirai's recent acquisition of a controlling stake in the company.The development comes after a major restr...Published: 15 Feb 2025 at 07:59hrs | 1735 | by Staff reporter
Steward Bank in major banking system upgrade
Steward Bank, the largest bank by customer base, is this weekend undertaking its biggest system upgrade since its acquisition from TN Bank in 2013. The Cassava Smartech-owned bank is upgrading...Published: 01 Apr 2021 at 18:46hrs | 4 | 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 | 146 | by Staff reporter
WATCH: Strive Masiyiwa's ally clash with journalists
Steward Bank's founder Twanda Nyambirai had a row with journalists. He had accused the journalists of stealing information. The journalists had questioned Nyambirai about accusations...Published: 07 Jan 2019 at 07:58hrs | | by Mandla Ndlovu
Steward Bank launches revolutionary app called Square World
Steward Bank Zimbabwe has launched a Housing Development Scheme and Mobile Banking Application targeted at Zimbabweans living abroad.The mortgage facility will be available at zero deposit, on...Published: 15 Aug 2018 at 07:41hrs | 2 | by Agencies
Nyambirai plots comeback
Businessman Tawanda Nyambirai, who recently acquired one of Zimbabwe's oldest gold mines, Acturus Mine, is planning to revive his empire which spans fast food retailing, livestock banking and furnitur...Published: 11 Jan 2018 at 05:58hrs | 1 | by Staff reporter
Zimbabwe banks fret over livestock
Zimbabwean banks are negotiating with the Finance ministry over a Bill that proposes the use of livestock as collateral for loans.The Movable Property Security Interests Bill would provide a f...Published: 30 Apr 2017 at 14:09hrs | | by Staff reporter
Econet and Steward Bank: Corporate bullying with a huge stink
I HATE bullies, be they human or corporate. Their intention is to instill the fear of God, mainly to avoid scrutiny. I had this feeling about Econet Wireless and Steward Bank in the past few weeks aft...Published: 15 Apr 2015 at 08:23hrs | 1 | by Eliphas Taonezvi
Chiyangwa's stands worth $2.1 million under threat
STEWARD Bank, the banking unit of Econet Wireless, is considering swapping residential stands to the tune of $2.1 million to recover funds borrowed by a property firm owned by businessman Phillip Chiy...Published: 04 Mar 2015 at 12:28hrs | | by Staff reporter
Econet acquires TN Medical
Econet Wireless Zimbabwe Limited has wholly acquired TN Medical-owned by the group's former chairman Tawanda Nyambirai for undisclosed amount. This comes as Econet last year took over Nyam...Published: 30 Oct 2014 at 07:10hrs | | by Staff reporter
Nelson Mandela's daughter leaves Steward Bank
Makaziwe Mandela, the eldest daughter of the late South Africa president Nelson Mandela has resigned from Steward Bank's Board after being nominated to sit on the board in July 2012 after Strive Masi...Published: 12 May 2014 at 07:07hrs | 1 | by Staff reporter
'Lifestyle Holdings will not collapse,' says Nyambirai
LIFESTYLE Holdings founder and group chief executive Mr Tawanda Nyambirai says his business empire will not collapse as he is working hard to realign his remaining businesses to the prevailing macro-e...Published: 14 Feb 2014 at 07:09hrs | 3 | by Staff reporter
Could steward bank be to Zimbabwe what Equity bank is to Kenya?
Though the economies of Zimbabwe and Kenya may be following different paths altogether, parallels can be drawn between the two Sub Saharan Africa countries. Like most African countries, the Financial...Published: 23 Jan 2014 at 08:27hrs | | by Perry Munzwembiri
Steward Bank's ZimSwitch application hits a snag
THE ugly fight between banks and Econet Zimbabwe, the country's largest telecoms company, has sucked in its subsidiary Steward Bank, amid revelations other banks have refused the bank entry onto the p...Published: 19 Dec 2013 at 04:10hrs | 1 | by Staff reporter
'Steward Bank safe, strong and liquid'
Econet Wireless Chief Executive Officer Douglas Mboweni has declared that Steward Bank is safe, strong and liquid, and will not be affected by the liquidity crisis.Mr Mboweni said since takin...Published: 18 Dec 2013 at 05:53hrs | | by Staff reporter
Steward Bank targets top five spot
STEWARD Bank has reported massive write downs in its operations, with swelling expenses and declining incomes during the half year to August 31, 2013 highlighting the challenge that its new owner, E...Published: 07 Nov 2013 at 04:49hrs | | by Staff reporter
TN Bank re-brandings to 'purple' Steward Bank
Econet Wireless Limited has change the name of its banking subsidiary, TN Bank Limited, to Steward Bank Limited, sealing the transformation of the commercial bank expected to capitalise on Econe...Published: 03 Jul 2013 at 11:38hrs | 9 | by Business reporter
Zimbabwe's first 'Cattle Bank'
Marondera - William Mukurazita's deposit at the bank has four legs and moos.Zimbabwe's first "Cattle Bank" has just opened its books in a unique kind of banking where owners bring in their ani...Published: 19 Jun 2013 at 08:59hrs | | by Staff Reporter
Deputy Sheriff seizes Tsvangirai company
KWEKWE - Bithedale Mining - a company owned by Casper Tsvangirai, Prime Minister Morgan Tsvangirai's younger brother - had its property seized by the Deputy Sheriff over outstanding payments to ...Published: 18 Jun 2013 at 05:49hrs | 2 | by Staff Reporter
TN Bank changes name to Steward Bank
Econet Wireless Limited is to change the name of its banking subsidiary, TN Bank Limited, to Steward Bank Limited, sealing the transformation of the commercial bank expected to capitalise on Econet's...Published: 07 Jun 2013 at 09:53hrs | | by Business reporter
FBC to surrender building society licence
Listed financial services group FBC Holdings, faced with the possibility of failing to meet new minimum capital requirements by 30 June, plans to surrender its FBC Building Society licence to regulato...Published: 07 Jun 2013 at 04:02hrs | 1 | by Business Reporter
Econet reshuffles TN Bank management
Econet Zimbabwe Limited (Econet) has reshuffled the financial institution's top management, which involves the appointment of new executives, including United Kingdom based financial analyst Lance Mak...Published: 04 Jun 2013 at 05:28hrs | | by Business reporter
Econet settles $85 million of the $137.5 million licence renewal fees
Econet Wireless Zimbabwe's licence was renewed and licence period extended to 20 years while the licence renewal fee was set at $137.5 million, group CEO Douglas Mboweni told an analyst briefing yeste...Published: 31 May 2013 at 10:45hrs | 22 | by Business reporter
Econet increase revenue by 14% to $695 million
Econet's revenue for the year ended 28 February 2013 was $694.8 million, an increase of 14% compared to the previous year. Earnings Before Interest, Taxation, Depreciation and Amortisation (EBITDA) ...Published: 30 May 2013 at 12:40hrs | | by Moyo Roy
ZSE shares slip back into the red as heavyweights falter
There were only 2 counters to trade in the positive in a Monday session where 14 counters traded lower while another 14 remained unchanged from previous levels resulting in the Industrials slipping ba...Published: 18 Mar 2013 at 10:25hrs | | by Business reporter
Lifestyle shareholders approve delisting from the ZSE
HARARE - Lifestyle Holdings shareholders voted in favour of a Scheme of Arrangement which shall see them owning shares in a Mauritius-based company with Lifestyle expected to delist from the ZSE, at a...Published: 15 Mar 2013 at 13:09hrs | | by Business reporter
Econet continues to innovate
As it continues on its path to diversify income streams, it was recently reported that Econet Wireless, Zimbabwe's largest telecommunications company, is to extend its footprint into South Africa, wi...Published: 07 Mar 2013 at 07:20hrs | 1 | by Business reporter
ZSE:- Industrials rebounds on gains in Econet
Industrials rebounded on Thursday largely on gains in telecoms counter Econet as most heavyweights traded unchanged in a session where only 3 counters managed losses.Daily market turnover impr...Published: 14 Feb 2013 at 10:16hrs | | by Business reporter
Econet appoints Ngwenya as new TN Bank CEO
Econet Wireless has appointed Mr Kwanele Ngwenya, a South African who was heading the operations of First National Bank (FNB) in Botswana, as the new CEO of TN Bank.Mr Ngwenya, a veteran ban...Published: 12 Feb 2013 at 09:49hrs | | by Business reporter
Econet to pays US$27 million to buy TN Bank
ECONET Wireless Zimbabwe will pay out about US$26,5 million worth or the cash equivalent to acquire the remaining 55 percent ordinary shareholding in TN Bank Limited. Econet and TN did not re...Published: 22 Jan 2013 at 04:31hrs | | by Business Reporter
Econet, TN Bank partnership to allow customers buy smartphones
Econet customers will soon be able to buy the latest generation phones, known as smartphones, and tablets such as i-Pads on 24 month instalments following the creation of a special credit facility at...Published: 14 Jan 2013 at 08:33hrs | | by Business reporter
ZSE Market Report:- Volumes soar as blue chips rally
ZSE's Industrials Index jumped 2.23% at week's ending after a sustained rally in heavily capitalised stocks while volumes improved with the total market turnover rising to its best level so far this y...Published: 11 Jan 2013 at 10:34hrs | 2 | by Business reporter
ZSE Market report:- Blue chips rally buoys Industrials in mid week trades
Investors continued to pile into ZSEs heavily capitalised counters on Wednesday giving the Industrials their biggest one-session rise since December 28....Published: 09 Jan 2013 at 08:04hrs | 1 | by Business reporter
ZSE Market Report:- Shares continue to rise on renewed interest in blue chips
ZSE shares continued to rise on Tuesday amid renewed foreign interest on the market's heavily capitalised counters.The Industrials Index added 0.19 poin...Published: 08 Jan 2013 at 11:04hrs | | by Business reporter
Econet plans to acquire the entire shareholding in TN Bank
ECONET Wireless Zimbabwe is proceeding with its plans to acquire the entire shareholdings in TN Bank through a share swap deal, the company said yesterday. Econet, which currently holds 45 percent...Published: 08 Jan 2013 at 06:03hrs | | by Business Reporter
TN Bank to delist from the Stock Exchange on spurious grounds
ECONET Wireless Zimbabwe (Econet) has assumed total control of TN Bank after TN founder Tawanda Nyambirai offloaded his stake for an equivalent value of Econet shares.The development saw the n...Published: 27 Dec 2012 at 17:05hrs | | by Staff reporter
Nyambirai steps down as Econet chairman with immediate effect
Tawanda Nyambirai has announced that he is stepping down as chairman and member of the Econet Wireless Zimbabwe board with immediate effect. It was also announced that Econet now has clo...Published: 13 Dec 2012 at 04:20hrs | 1 | by Business reporter
Commuters bashes man to death
A 23-year-old man from Chiredzi was beaten to death by passengers in a commuter omnibus when he and a friend allegedly disarmed security guards before assaulting them, police confirmed yes...Published: 01 Dec 2012 at 05:19hrs | | by Masvingo Correspondent
Econet to pay companies that take EcoCash, kombis now accept EcoCash
Businesses that accept payment in EcoCash are now able to exchange it for cash at Econet Wireless Zimbabwe approved banks, the company has announced.Econet said hundreds of companies have alre...Published: 10 Oct 2012 at 11:18hrs | | by Staff reporter
Mandela's daughter to sit on Zimbabwean Bank's board
Nelson Mandela's daughter, Makaziwe, has been nominated to sit on the TN Bank which lists on the Zimbabwe Stock Exchange Wednesday.The listing follows Thursday's approval by the parent compan...Published: 11 Jul 2012 at 07:52hrs | | by Staff reporter
'God gives me favour every day' - Chiyangwa donates $1,6Million to UZ
...Published: 29 Apr 2012 at 18:02hrs | | by Matthews Estell
UZ Launches "Support Your University Campaign"
The University of Zimbabwe 'Support Your University Campaign' was officially launched in Harare with Former South African President Thabo Mbeki saying Zimbabwe can lead the education programme on the...Published: 29 Apr 2012 at 17:55hrs | | by Staff reporter
Econet set to be the biggest bank in Zimbabwe
Mobile operator Econet Wireless is venturing into the financial services sector after the success of its money transfer service Ecocash and its reported acquisition of a stake in TN Bank.Deput...Published: 29 Apr 2012 at 15:00hrs | | by Staff reporter
Another investment conference on Zimbabwe
Zimbabwe is set to host another investment conference as the southern African country is struggling to crawl out of a decade long economic slump.The investment indaba, the second one is set f...Published: 14 Mar 2012 at 06:39hrs | | by Alois Sibanda
TelOne technicians arrested for attempting to swindle Liquid Telecoms of R1.5M
Three TelOne technicians have been arrested on allegations of attempting to swindle a local telecommunications company of more than R1.5 million. Cephas Nyakunhuwa, Tayyib Mutodzaniswa and D...Published: 24 Jan 2012 at 11:44hrs | 3 | by Staff reporter
Buy Zimbabwe Week Promotion official Launch
Buy Zimbabwe would like to advise of the first annual Buy Zimbabwe Week promotion, which will run in-store from the 28th of November 2011 to December 2, 2011 at the country's leading retail and distr...Published: 15 Nov 2011 at 11:24hrs | 1 | by Robert Garai Muganda
FBC Bank introduces MasterCard Prepaid services
FBC Bank has begun offering a MasterCard Prepaid service that enables locals to shop online across various platforms worldwide. In a campaign dubbed 'Load & Go' the bank initially introduced th...Published: 18 Aug 2011 at 13:57hrs | | by Clinton Mutambo
TN Bank's total bank deposits grew by 62 percent
At the company’s AGM held yesterday, Thursday 04 August 2011, all resolutions tabled were passed without amendments.In a brief trading update, management advised that revenue...Published: 05 Aug 2011 at 06:48hrs | | by .
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