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Zimbabwe's Banking Sector and No Arrests Years Down the Line
United Merchant Bank (UMB) - Closed in 1998 due to insider loans and mismanagement.Universal Merchant Bank (UMB) - Closed in 2003 struggled with negative perceptions after UMB's collapse....Published: 05 Dec 2024 at 20:15hrs | 307 | by Engineer Jacob Kudzayi Mutisi
Zimbabwe's banking sector and no arrests years down the line
United Merchant Bank (UMB) - Closed in 1998 due to insider loans and mismanagement.Universal Merchant Bank (UMB) - Closed in 2003 struggled with negative perceptions after UMB's collapse....Published: 05 Dec 2024 at 09:07hrs | 618 | by Eng. Jacob Kudzayi Mutisi
Aspiring MP arrested for fraud
FORMER Makoni Rural District Council councillor James Munetsi has been arrested for allegedly stealing $22 500 he was given by a Bulawayo-based company to buy cattle on its behalf.Munetsi (52)...Published: 16 Apr 2018 at 07:04hrs | | by Staff reporter
Banker Mukupe turns to politics
Collapsed Allied Financial Holdings (AFH) former chief executive Terence Mukupe has turned to politics and is eyeing the Harare East parliamentary seat under the Zanu-PF ticket.Mukupe is expec...Published: 06 Apr 2015 at 22:01hrs | | by Staff reporter
Zinara struggling to cope with pressure of issuing new vehicle licences
HUNDREDS of motorists yesterday flooded Zimpost offices in Bulawayo to renew their vehicle licences amid reports that the Zimbabwe National Roads Administration is struggling to cope with the pressur...Published: 02 Feb 2013 at 04:51hrs | | by Staff Reporter
14 banks have met first level of capital requirements
The Reserve Bank of Zimbabwe governor Gideon Gono has said 14 out of 22 banks had met the first level of minimum requirements by December 31 last year. 5 other banks had made "significant" pro...Published: 01 Feb 2013 at 06:17hrs | | by Business reporter
Banks to reduce charges substantially
BANK charges will soon be reduced substantially following negotiations between the banking sector and the Reserve Bank of Zimbabwe amid concerns that the current level of charges was against internat...Published: 01 Feb 2013 at 06:02hrs | 1 | by Staff reporter
Zim govt endorses new RBZ bank rules
GOVERNMENT has endorsed minimum capital thresholds for banks announced by the Reserve Bank last week, but says the policy should neither suffocate nor criminalise indigenous banks...Published: 09 Aug 2012 at 05:21hrs | 1 | by Staff reporter
Gideon Gono's statement on Zimbabwe bank ownership
FOLLOWING is RBZ Governor Gideon Gono's full statement in response to the notice issued by Empowerment Minister Saviour Kasukuwere ordering foreign-owned banks to tra...Published: 05 Jul 2012 at 06:11hrs | | by Gideon Gono
MDC-T senator attacks Obert Mpofu for buying ZABG
MDC-T senator and Deputy Minister of Justice and Legal Affairs, Obert Gutu has taken an aim at Zanu-PF politburo member and Mines and Mining Development Minister Obert Mpofu after his company injecte...Published: 15 Jun 2012 at 11:29hrs | | by Nare Msupatsila
ZABG bank's headquarters to be moved from Harare to Bulawayo
Mines and Mining Development minister Obert Mpofu has declared that his ZABG bank's headquarters will be moved from Harare to Bulawayo. Mpofu also declared that the bank would be ranked in the top thr...Published: 23 May 2012 at 14:11hrs | 2 | by Alois Sibanda
Obert Mpofu plans mining university
Mines and Mining Development minister Obert Mpofu, fresh from acquiring a controlling stake at ZABG Bank plans to splash his wealth again.Mpofu now wants to set up a mining university at his r...Published: 12 May 2012 at 07:36hrs | 1 | by Monica Dlamini
Obert Mpofu linked company buys Zimbabwe bank says Herald
ZABG Bank has reached an agreement with Unicapital of Mauritius and a local private firm, Trebor & Khays, for fresh capital injection to meet regulatory capital requirements. The bank's great esc...Published: 03 Apr 2012 at 07:14hrs | 2 | by Staff reporter
Kenyan bank to Royal bank stake
KENYA-based financial services group Commercial Bank of Africa is set to acquire a 49 percent stake in Royal Bank, which will enable it to meet the minimum capital requirements set by the Reserve Bank...Published: 27 Mar 2012 at 05:44hrs | | by Business Reporter
MBCA Bank to embark on further staff layoff programme
MBCA Bank, a commercial banking unit majority-owned by South Africa's Nedbank Group, is to embark on a further staff layoff programme after an initial one undertaken last year failed to cut the workfo...Published: 10 Jun 2011 at 07:50hrs | 4 | by Ndou Paul
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