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Zimbabwe man jailed 10 years in US$2.7 million ZB Bank heist set free
Tendai Zuze, who was convicted and sentenced to 10 years in prison for his alleged involvement in the 2021 US$2.7 million ZB Bank highway cash heist, has been acquitted by the High Court on appeal aft...Published: 17 Dec 2024 at 08:21hrs | 1155 | by Staff reporter
Gono company directorship change case takes new twist
The trial of Clark Clever Makoni and his wife Beverly Aisha Ndonda Makoni resumed yesterday, with the prosecution alleging that the couple engaged in fraudulent activities by illegally changing the di...Published: 01 Nov 2024 at 06:40hrs | 471 | by Staff reporter
Gono company loss case continues
A key witness in the ongoing fraud trial involving a Harare couple accused of defrauding former Reserve Bank of Zimbabwe (RBZ) governor Gideon Gono has stated that Gono should be summoned to court to ...Published: 26 Oct 2024 at 12:42hrs | 69 | by Staff reporter
Gono fraud case takes a turn
The ongoing case involving a Harare couple accused of defrauding former Reserve Bank of Zimbabwe governor Gideon Gono took a surprising twist yesterday when a key witness admitted he had no direct evi...Published: 24 Oct 2024 at 08:00hrs | 990 | by Staff reporter
Zimbabwe business couple claims state persecution in US$137m fraud trial
A Harare business couple involved in Estate management has accused prosecutors of dancing to the tune of unscrupulous top ranked government and police officers allegedly determined to fix them on beha...Published: 19 Sep 2024 at 15:54hrs | 636 | by Staff reporter
Zimbabwean robbers caught planning next hit
Five notorious bank robbers were arrested in Kamativi, Matabeleland North, following a failed robbery at a BancABC branch that allowed police to initiate a series of arrests. The suspects - De...Published: 31 Aug 2024 at 11:11hrs | 658 | by Staff reporter
Remitly Emerges as Top Choice for Zimbabweans Abroad: Fast, Affordable, and Fee-Free
In a significant trend, Zimbabweans in the diaspora are increasingly turning to Remitly.com for their money transfer needs, drawn by the platform's favorable exchange rates, vast collection points in ...Published: 29 Dec 2023 at 11:34hrs | 81 | by Libz Mbanje
9 robbers shot as cops name 20 most wanted criminals
NINE suspected robbers sustained injuries after they were shot by police in Harare on Thursday in a crackdown, while the hunt is on for 20 suspects whom detectives have named as Zimbabwe's most wanted...Published: 17 Dec 2023 at 09:42hrs | 4 | 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 | 13 | by Staff reporter
Hackers raid Hwange Electricity Supply Company's bank account
Hwange Electricity Supply Company was defrauded of ZWL$2 billion by two men who allegedly hacked the company's account and diverted money to their personal account.This emerged in court yester...Published: 01 Dec 2023 at 04:55hrs | 7 | by Staff reporter
Gono loses property
Gideon Gono, the former governor of the Reserve Bank of Zimbabwe, has reportedly lost ownership of Valley Lodge, a property in Manicaland province, to an estate agent who allegedly manipulated the reg...Published: 16 Nov 2023 at 12:55hrs | 10 | by Staff Reporter
Zimbabwe police declares war on armed robbers
Police have activated crack teams countrywide as well as adequate human resources to deal with criminal syndicates.This comes after most members of two robbery gangs were arrested, with two of...Published: 10 Nov 2023 at 06:40hrs | 7 | by Staff reporter
ZB Bank heist suspects to be reimbursed forfeited US$234,000
Four individuals who were acquitted in the ZB Bank money heist case, which made headlines two years ago, will have their forfeited money returned to them.The four individuals, Trymore Chapfikw...Published: 02 Oct 2023 at 19:31hrs | | by Staff reporter
Zimbabwe civil servants smile all the way to the bank
Civil servants smiled all the way to the bank yesterday as they started receiving along with the normal salary and allowances, a newly increased forex component of US$50 plus an additional local curre...Published: 19 Jul 2023 at 06:38hrs | 10 | by Staff reporter
ZB moves to lay off excess staff
ZB Financial Holdings Limited (ZBFHL) will be shedding some of its staff via a recently completed voluntary disengagement scheme, after reporting a rise in staffing costs of over 100% last year....Published: 30 May 2023 at 06:46hrs | | by Staff reporter
Women in agriculture capacitated
Over 200 women in agriculture were invited to meet with various stakeholders in Mashonaland East province for a capacity building in Agribusiness in Marondera today.The workshop unpacked oppor...Published: 18 May 2023 at 16:12hrs | 16 | by Simbarashe Sithole in Marondera
Suspect splurged part of US$2,7 million heist loot on cars for 'prophet'
Part of the US$2,7 million seized by seven suspects from a cash-in-transit truck which was transporting ZB Bank cash from Harare to Chinhoyi was used to buy cars for a self-styled prophet in appreciat...Published: 13 May 2023 at 19:45hrs | 8 | by Staff reporter
Suspect splurged US$2,7 heist loot on cars for 'prophet'
Part of the US$2,7 million seized by seven suspects from a cash-in-transit truck which was transporting ZB Bank cash from Harare to Chinhoyi was used to buy cars for a self-styled prophet in appreciat...Published: 12 May 2023 at 06:09hrs | | by Staff reporter
ZB bank guard loses pistol
Glendale based ZB bank guard Edwin Tati was dragged to Concession magistrates courts yesterday after he lost his service pistol in unclear circumstances....Published: 14 Apr 2023 at 14:25hrs | | by Simbarashe Sithole
Ex-Morgan & Co boss nabbed for $53m fraud
A FORMER finance manager at Morgan & Co has been arraigned before Harare magistrate Dennis Mangosi facing a charge of converting $53 129 574 to his own use.Kudakwashe Saimon (30) was reman...Published: 29 Mar 2023 at 06:57hrs | | by Staff reporter
Smallholder farmers to benefit from US$15 million loan
SMALLHOLDER farmers will soon benefit from a US$15 million loan obtained by the Government from the OPEC Fund for International Development.Finance and Economic Development Minister Professor ...Published: 12 Dec 2022 at 01:02hrs | 7 | by Staff Reporter
Police probe ZB Bank Vic Falls robbery
SEVERAL bank employees have been questioned by the police following a theft when a lone armed robber pounced on ZB Bank branch in Victoria Falls last week, entering the banking hall a few minutes befo...Published: 05 Dec 2022 at 05:05hrs | | by Staff reporter
Lone gunman robs Victoria Falls bank
A LONE gunman robbed the ZB Bank Victoria Falls branch on Wednesday afternoon and made off with an undisclosed amount of money – a source from the bank however said more than US$100 000 was stolen....Published: 30 Nov 2022 at 18:43hrs | | by Staff reporter
Zimbabweans being swindled of millions by foreigners due to lies about sanctions
In their relentless shameless attempts at portraying every little problem faced by ordinary Zimbabweans as being a result of so-called 'sanctions imposed on the country' - the Zimbabwe government has ...Published: 26 Oct 2022 at 15:32hrs | 2 | by Tendai Ruben Mbofana
Alleged ZB Bank US$2, 7 million heist mastermind family appears in court
THE family of the ZB Bank internal security officer Shadreck Njowa, who allegedly masterminded a US$2,7 million heist on his employer, were arrested and appeared in court on Saturday charged with harb...Published: 24 Oct 2022 at 06:10hrs | | by Staff reporter
Zimbabwe police warn armed robbers
Police will continue to apply greater pressure on those committing serious crimes, with armed robbers a particular target, Commissioner General Godwin Matanga has said. Speaking at the return of 19 po...Published: 24 Oct 2022 at 06:07hrs | 4 | by Staff reporter
Heist mastermind's family remanded in custody
THE family of Shadreck Njowa, the alleged mastermind of the US$2,7 million ZB Bank robbery, which occurred in January last year, has been remanded in custody ahead of a ruling on their bail applicatio...Published: 23 Oct 2022 at 09:09hrs | | by Staff reporter
ZB Bank heist mastermind in court
A ZB BANK internal security officer suspected to have been the mastermind of a US$2.7 million heist appeared at the Harare Magistrates court yesterday charged with armed robbery.Shadreck Njowa...Published: 22 Oct 2022 at 05:41hrs | | by Staff reporter
Family of US$2,7m heist mastermind arrested
The family of Shadreck Njowa, the mastermind behind the ZB Bank US$2,7 million and $43 000 heist which occurred in January last year at Gwebi River Bridge along the Harare-Chirundu Road has been arres...Published: 21 Oct 2022 at 06:03hrs | | by Staff reporter
US$2,7 million ZB Bank heist mastermind arrested
The mastermind behind the ZB Bank US$2,7 million and $43 000 heist which occurred in January last year at Gwebi River Bridge along the Harare-Chirundu Road has been arrested in Harare after being on t...Published: 19 Oct 2022 at 20:25hrs | | by Staff reporter
Zimbabwe soldiers' involvement in armed robberies worrisome
THE arrest of three soldiers in a foiled armed robbery recently following a movie-style shoot-out has again brought to the limelight the involvement of rogue elements of the uniformed forces in violen...Published: 09 Oct 2022 at 07:56hrs | 1 | by Staff reporter
Robbers vanish with US$1,5m from ABC Auctions
FOUR armed robbers stormed ABC Auctions along Seke Road in Harare on Friday night and got away with US$1,5 million after subduing two security guards at the premises.Police spokesperson Assist...Published: 09 Oct 2022 at 07:52hrs | | by Staff reporter
ZB directors mull liquidation and surrendering licence
With three months left before year-end, it is now crunch time for ZB Financial Holdings (ZBFH), which is currently under increased pressure to recapitalise its building society within the grace period...Published: 02 Oct 2022 at 08:58hrs | 3 | by Staff reporter
Mnangagwa's govt stripping assets, claims MPs
LEGISLATORS have accused the Executive of systematically stripping the country of its valuable assets and selling them through opaque deals, which observers say smells of deep-rooted corruption and pl...Published: 30 Aug 2022 at 06:35hrs | 1 | by Staff reporter
School, parents clash over US$ fees
PARENTS and guardians of pupils at Nyamuzuwe High School have threatened to stage a protest against school authorities who they accuse of demanding United States dollars exclusively for fees, in contr...Published: 08 Aug 2022 at 05:48hrs | 6 | by Staff reporter
ZB rebrands
ZB Financial Holdings has embarked on a major rebranding exercise, which will see the group adopting a new model that will centralise operations within branches as it moves to be customer-centric and ...Published: 15 Jun 2022 at 07:27hrs | 1 | by Staff reporter
Troubles mount for Jacob Mudenda
Speaker of Parliament Jacob Mudenda has been trending in Zimbabwe after he lobbied parliamentarians to change the laws and allow a diaspora vote , a move which left a bitter taste in the mouths of ZAN...Published: 04 Jun 2022 at 09:50hrs | 1 | by Mandla Ndlovu
Top banker beaten by wife
FORMER ZB Financial Holdings Chief Executive, Ronald Mutandagayi (59), claims he was heavily assaulted by his 48-year-old wife, Loveness.The banker Tuesday dragged Loveness to court, als...Published: 27 Apr 2022 at 12:59hrs | | by Staff reporter
Cops arrested for conning ICT perm sec
TWO former police officers and two other serving members of the force were arraigned before Harare magistrate Yeukai Dzuda after conning the acting Information Communication Technology ministry secret...Published: 21 Apr 2022 at 11:35hrs | | by Staff reporter
Headmaster, deputy arrested over school funds
A headmaster and his deputy from Gamwa primary school in Shurugwi have been arrested for alleged criminal abuse of office involving US$3000.Onias Gadzikwa (46), the acting headmaster and the s...Published: 18 Apr 2022 at 10:25hrs | | by Staff reporter
Company executive in court over illegal forex deals
A top executive of a Harare firm was on Tuesday arraigned before the courts on charges of illegally dealing in foreign currency.Zvikomborero Kapfeni of Nordship Investments was remanded to Apr...Published: 30 Mar 2022 at 15:01hrs | | by Staff reporter
14-yr-old needs help for dialysis
A 14-year-old Shungu High School pupil in Kwekwe, Takunda Lusinga, who has a chronic kidney disease, is appealing for financial assistance to enable him to have three dialysis sessions a week....Published: 28 Mar 2022 at 06:48hrs | 1 | by Staff reporter
CBD parking fees furore escalates
THE public backlash against the Bulawayo City Council's contentious parking management system in the city centre continues to escalate with more residents blasting council for failure to adequately co...Published: 22 Mar 2022 at 05:44hrs | | by Staff reporter
RBZ tells banks to shape up or ship out
BANKING sector experts have thrown their weight behind the Reserve Bank of Zimbabwe (RBZ)'s move to tighten screws on operators that fail to comply with new minimum capital requirements, which came in...Published: 18 Feb 2022 at 05:34hrs | | by Staff reporter
'$5,000 withdrawal limit not enough'
DEPOSITORS have said the $5 000 weekly withdrawal limit was not enough as the amount does not meet their cash needs such as daily transport cost for members and cash rentals being demanded by landlord...Published: 10 Feb 2022 at 05:31hrs | | by Staff reporter
RBZ comes hard on bank shareholders
SHAREHOLDERS at financial institutions that have failed to meet new minimum capital requirements will forgo dividends until their firms comply with the central bank's directives, the Reserve Bank of Z...Published: 08 Feb 2022 at 05:37hrs | | by Staff reporter
US$2,5m bank heist: 2 jailed
THE wife of one of the robbers involved in the theft of US$2,5 million cash-in-transit for ZB Bank early last year has been jailed for an effective three years for acquiring properties with the ill-go...Published: 02 Feb 2022 at 05:23hrs | 1 | by Staff reporter
'Armed robberies linked to 2017 coup'
EXILED former Higher and Tertiary Education deputy minister Godfrey Gandawa has sensationally claimed that soldiers and police officers implicated in recent armed robbers could have stolen the firearm...Published: 05 Jan 2022 at 06:01hrs | 9 | 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 | 9 | by Staff reporter
Armed robbery cases increased in 2021
Cases of armed robberies increased countrywide this year with criminals targeting cash-in transit vehicles, individuals and business people with large amounts of cash.Schools and cross-border ...Published: 24 Dec 2021 at 07:23hrs | 10 | by Staff reporter
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