Search / Banking
Zimbabwe central bank rubbishes reports on cash deposit box seizures
The Reserve Bank of Zimbabwe (RBZ) has dismissed claims that it is targeting businesses and individuals holding cash in deposit boxes, following an article published in The Herald on April 2, 2025. Th...Published: 02 Apr 2025 at 18:53hrs | 2356 | by Staff reporter
RBZ to swoop on currency hoarders
The Reserve Bank of Zimbabwe (RBZ) is set to crack down on businesses and individuals hoarding money in cash deposit boxes at banks, homes, and business premises. Authorities are concerned that such p...Published: 02 Apr 2025 at 08:47hrs | 551 | by Staff reporter
Zimbabwe need an urgent reset of parenthood and economic models
We are failing at the family level. When I was growing up, my mom always told me that if I ate vegetables, got good grades, stayed out of trouble, eat what we grew and be obedient to her, even...Published: 01 Apr 2025 at 17:09hrs | 229 | by Brian Sedze
Thank you Zimbabwe: Blessed Geza Blasts Tagwirei and Mnangagwa in New Video
In a provocative new video titled "Thank you Zimbabwe | The Way Forward After March 31 I More Exposes" posted on YouTube, outspoken political figure Blessed Geza expressed his gratitude to Zimbabweans...Published: 01 Apr 2025 at 07:23hrs | 4239 | by Ndou Paul
Bulawayo faces water crisis as ageing infrastructure fails
The City of Bulawayo is grappling with yet another serious water supply challenge due to its ageing and deteriorating water infrastructure, affecting both residential and industrial areas.Town...Published: 28 Mar 2025 at 05:46hrs | 198 | by Staff reporter
Elderly Bulawayo couple sentenced for exploiting bank glitch
An elderly couple from Bulawayo, who took advantage of a technical glitch at Stanbic Bank Zimbabwe to embezzle over US$30,000, has been sentenced to seven years in prison.Frank Sibanda and his...Published: 27 Mar 2025 at 06:06hrs | 593 | by Staff reporter
Illegal forex trader shot and robbed in Bulawayo
Bulawayo has been hit by a rise in violent crime, with an illegal foreign currency dealer becoming the latest victim after being shot and robbed of thousands of US dollars by an armed assailant on Mon...Published: 26 Mar 2025 at 06:50hrs | 676 | by Staff reporter
Nees challenges Kadewere after dropping him from Warriors
Warriors coach Michael Nees has challenged France-based striker Tino Kadewere to work hard and regain his top form after a lengthy injury layoff saw him miss out on a national team call-up for the upc...Published: 14 Mar 2025 at 06:49hrs | 267 | by Staff reporter
Bushiri and his wife ordered to be extradited to SA
The Chief Resident Magistrate Court in Malawi has ordered that self-proclaimed prophet, Shepherd Bushiri and his wife, Mary Bushiri, be extradited to South Africa.Minister of Justice and Const...Published: 12 Mar 2025 at 16:45hrs | 6270 | by Staff reporter
Bulawayo police detective killed by friendly fire?
A Bulawayo police detective, who tragically died in a shootout with armed robbers, was killed by a police bullet, her family has revealed. Detective Constable Cassandra Hove, 37, was shot in the left ...Published: 09 Mar 2025 at 13:23hrs | 2223 | by Staff reporter
Zimbabwe govt rolls out POS machines to formalise informal businesses
The Zimbabwean government has commenced a nationwide programme to integrate unregistered businesses into the formal economy by distributing point-of-sale (POS) machines, which are now a prerequisite f...Published: 09 Mar 2025 at 13:08hrs | 194 | by Staff reporter
NetOne's OneMoney aims to revolutionise financial inclusion in Zimbabwe
NetOne's mobile financial services subsidiary, ONE Money, is set to transform financial inclusion in Zimbabwe by offering a suite of innovative products and services designed to reach the country's un...Published: 01 Mar 2025 at 09:20hrs | 146 | by Staff reporter
Funds embezzlement scandal at Khumalo Primary School
Khumalo Primary School headmistress Stella Mhlanga and two other school officials are facing allegations of embezzling US$12,000 from the school's funds through under-banking and other fraudulent acti...Published: 27 Feb 2025 at 11:43hrs | 1405 | by Stephen Jakes
Corporate Raiding Plot Unraveling: Nssa and RTG Directors Meet to Tackle Manipulation of Share Prices and Takeover Attempt
NATIONAL Social Security Authority (Nssa) and Rainbow Tourism Group (RTG) directors and management executives are set to meet today to deal with the plot to take over the tourism and hospitality giant...Published: 25 Feb 2025 at 13:16hrs | 307 | by NewsHawks
Vingirai reclaims farms after 2 decade legal battle, thanks Mnangagwa
Prominent banker Mr. Nicholas Vingirai has expressed gratitude to President Emmerson Mnangagwa for facilitating the return of his two farms in Mashonaland West province - Doondo and Sholliver - after ...Published: 23 Feb 2025 at 09:44hrs | 475 | by Staff reporter
RBZ dismisses fake news of POSB sale
The Governor of the Reserve Bank of Zimbabwe (RBZ), John Mushayavanhu, has dismissed claims that the People's Own Savings Bank (POSB) is up for sale. This follows reports suggesting that the state-own...Published: 22 Feb 2025 at 09:24hrs | 169 | by Staff reporter
EcoCash Holdings to rebrand
EcoCash Holdings Limited has announced plans to rebrand following a corporate restructuring that has left Steward Bank as its only remaining unit. This follows the takeover of the company by businessm...Published: 21 Feb 2025 at 11:12hrs | 658 | by Staff reporter
NSSA chairman embroiled in underhand Rainbow Tourism Group takeover bid
NATIONAL Social Security Authority (Nssa) chairman Emmanuel Fundira, who is former chairman of African Sun Limited, and an ex-Rainbow Tourism Group (RTG) senior executive Paula January are accused of ...Published: 18 Feb 2025 at 20:01hrs | 1519 | by NewsHawks
Sir Wicknell Chivayo clears Highlanders' US$27,000 debt
Prominent businessman Wicknell Chivayo has delivered on his promise to settle Highlanders Football Club's US$27,000 debt owed to former head coach Baltemar Brito and his assistant Antonio Joao Torres....Published: 12 Feb 2025 at 16:43hrs | 2036 | by Staff reporter
Mnangagwa's Cabinet resolves to corner vendors
As Zimbabwe's economy continues to spiral downward, the government has introduced a series of controversial measures aimed at taxing the struggling informal sector and vendors to boost state revenue. ...Published: 12 Feb 2025 at 11:21hrs | 1248 | by Staff reporter
'Zimbabwe banks have robust cybersecurity systems'
The Reserve Bank of Zimbabwe (RBZ) has prioritized cybersecurity and artificial intelligence (AI) as critical pillars for the financial sector's growth and stability, according to its 2025 Monetary Po...Published: 11 Feb 2025 at 06:38hrs | 132 | by Staff reporter
Zimbabwe central bank cracks down on cash hoarding
The Reserve Bank of Zimbabwe (RBZ) has expressed concern over millions of dollars lying idle in cash deposit boxes across the country, warning that the growing trend is stifling economic growth by dep...Published: 09 Feb 2025 at 17:40hrs | 6340 | by Staff reporter
Chivayo offers to dig Bosso out of their financial hole
Business mogul and philanthropist Wicknell Chivayo has stepped in to assist troubled Premier Soccer League (PSL) side Highlanders Football Club, offering to pay the club's outstanding $27,000 debt and...Published: 09 Feb 2025 at 12:48hrs | 1731 | by Staff reporter
Zimbabwe central bank goes after informal traders forex, exporters' proceeds
The Reserve Bank of Zimbabwe (RBZ) has announced a further reduction in export retention proceeds, cutting them by an additional 5%, as part of measures aimed at boosting foreign currency reserves and...Published: 07 Feb 2025 at 06:43hrs | 1181 | by Staff reporter
Zimbabwe raises savings rates, cuts POS charges
The Reserve Bank of Zimbabwe (RBZ) has introduced a series of bold monetary policy measures aimed at promoting the use of the Zimbabwe Gold (ZiG) currency and enhancing economic stability. These measu...Published: 07 Feb 2025 at 06:35hrs | 392 | by Staff reporter
Potraz warns of severe disruptions to Telecom Services amid power shortages
The Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) has issued a stark warning about severe disruptions to the telecommunications sector in Zimbabwe, with worsening power short...Published: 30 Jan 2025 at 07:00hrs | 206 | by Staff reporter
Chivayo responds to reports of bank limit adjustments
Businessman Wicknell Chivayo has strongly dismissed reports that he requested Ecobank to adjust two bank accounts to a US$20 million monthly limit after securing lucrative government contracts worth U...Published: 29 Jan 2025 at 18:49hrs | 14593 | by Staff reporter
SA banks freeze Zep holders' accounts
South African banks have frozen the accounts of Zimbabwean Exemption Permit (ZEP) holders, claiming it was a system error. However, the sudden account freezes have caused significant distress, with ZE...Published: 14 Jan 2025 at 14:14hrs | 276 | by Staff reporter
Chinese ambassador pledges more support to Zimbabwe
Creative presentations of modern and traditional Chinese and Zimbabwean music theatrical performances reverberated at the University of Zimbabwe's Beit Hall on Saturday, marking the celebration of the...Published: 13 Jan 2025 at 07:19hrs | 135 | by Staff reporter
Church secretary in court for US$21k theft
Chipo Molly Machokonera (40), the administration secretary of Apostolic Faith Mission's (AFM) Shalom Assembly in Westlea, Harare, appeared at the Harare Magistrates Court on Saturday, facing charges o...Published: 13 Jan 2025 at 07:18hrs | 624 | by Staff reporter
Potraz loses over US$9,000 to hacked system
The Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) lost over US$9,000 after a Harare woman hacked into the authority's system.Wadzanai Mutungura (33) was remanded to F...Published: 11 Jan 2025 at 08:37hrs | 116 | by Staff reporter
Zimbabwe Banking on Gold to Drive Economic Growth and Foreign Currency Inflows
Zimbabwe's gold sector is on track to significantly boost the country's economy, with output projected to reach 40 tonnes this year. This growth is attributed to substantial investments, a stable oper...Published: 07 Jan 2025 at 18:19hrs | 830 | by Ndou Paul
Why Zimbabweans keep watching their money go up in smoke
It was 10 p.m. when a frantic pounding on Modester Nyangoni's door dragged her out of a deep sleep.That hot October day, she had been on her feet manning her stall at the largest market in Zim...Published: 25 Dec 2024 at 08:24hrs | 3081 | by Staff reporter
Bulawayo thrives with festive shopping and holiday preparations
Bulawayo was buzzing with energy yesterday as last-minute Christmas shoppers filled the city, creating a festive and vibrant atmosphere. Banking halls, supermarkets, and beauty salons were packed, whi...Published: 25 Dec 2024 at 08:20hrs | 173 | by Staff reporter
Zimbabwean Nationals are a target of international cyber criminals
As more and more Zimbabweans embrace the digital economy, the rise of cybercrime has become a significant concern for its citizens. With increasing internet penetration, more individuals are engaging ...Published: 20 Dec 2024 at 12:19hrs | 312 | by Jacob Kudzayi Mutisi
Mukuru expanding into deposit-taking microfinance institution
Zimbabwe's rapidly growing remittance sector has prompted several money transfer platforms to diversify their services, with Mukuru Financial Services Zimbabwe Limited becoming the latest to be licens...Published: 19 Dec 2024 at 16:56hrs | 502 | by Staff reporter
FBC Bank introduces 24/7 deposit-taking ATMs in Zimbabwe
FBC Bank has unveiled a 'groundbreaking' service in Zimbabwe with the launch of Deposit-Taking ATMs, enabling customers to deposit cash into their individual accounts or FBC Mastercard Prepaid cards a...Published: 17 Dec 2024 at 15:23hrs | 1027 | by Staff reporter
Stanbic named best ovderall bank 2024
Harare, 17 December 2024 - Stanbic Bank Zimbabwe has been named the overall best performing bank at the Banks and Banking Survey Awards 2024 sponsored by First Capital Bank. Stanbic Bank has n...Published: 17 Dec 2024 at 09:15hrs | 464 | by Agencies
Infrastructure development takes centre stage at Zifa polls
In just eight days, the Zimbabwe Football Association (ZIFA) Electoral Committee will reveal the names of candidates who have passed the integrity test for the upcoming ZIFA board elections. Among the...Published: 15 Dec 2024 at 09:10hrs | 99 | by Staff reporter
Zimbabwe's banking sector sees surge in US dollar deposits
Zimbabwe's banking sector has experienced a remarkable increase in confidence, with foreign currency deposits rising by 13% to US$2.64 billion in October 2024, compared to the same period in 2023. Thi...Published: 14 Dec 2024 at 12:35hrs | 2157 | by Staff reporter
'Counterfeits, financial instability imperil manufacturing sector'
Zimbabwean consumers are grappling with increasing difficulties, including the proliferation of counterfeit goods and financial instability, as the country's manufacturing sector struggles to grow. Pa...Published: 13 Dec 2024 at 09:39hrs | 49 | by Staff reporter
RBZ deputy governor says Zimbabwe banking sector is resilient, stable
Reserve Bank of Zimbabwe (RBZ) Deputy Governor, Innocent Matshe, has highlighted the continued resilience and stability of the country's banking sector, despite facing challenges such as liquidity iss...Published: 13 Dec 2024 at 09:36hrs | 86 | by Staff reporter
HCCL Management Urged to Respect Workers' Rights
Hwange Colliery Company Limited (HCCL) Chief Executive Officer William Gambiza has been urged to prioritize workers' rights as he takes on his role as the company's permanent CEO, a position he offici...Published: 11 Dec 2024 at 19:51hrs | 686 | by Stephen Jakes
US, UK sanction Gold Mafia linked dealer
The United States and Britain imposed sanctions on several individuals and businesses linked to global gold smuggling and money laundering networks, with Zimbabwean businessman Kamlesh Pattni at the c...Published: 10 Dec 2024 at 07:08hrs | 969 | by Staff reporter
4 banks quit in South Africa in 2024
BNP Paribas, HSBC, Sasfin Bank, and Bidvest Bank have all announced massive changes to their South African operations in 2024.French-based BNP Paribas was the first bank of the four to announc...Published: 09 Dec 2024 at 15:19hrs | 782 | by Staff reporter
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 | 305 | by Engineer Jacob Kudzayi Mutisi
Zimbabwe's errant bankers must be punished
Vocal Harare political activist and business advocate, Engineer Jacob Mutisi, has called for stringent accountability for bankers and financial institutions involved in the mismanagement and fraudulen...Published: 05 Dec 2024 at 09:19hrs | 1410 | by Staff reporter
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 | 612 | by Eng. Jacob Kudzayi Mutisi
Ecobank reopens Parkade branch after $4 million heist
Ecobank Zimbabwe has reopened its Parkade branch in Bulawayo's Central Business District (CBD) after a two-month closure following a shocking armed robbery. The October 3 heist, described as Zimbabwe'...Published: 04 Dec 2024 at 06:40hrs | 158 | by Staff reporter
'Banks refuse to make salary payments on behalf of Zimbabwe govt'
A dramatic financial crisis has hit Zimbabwe's civil service as banks have reportedly withheld payments for thousands of public sector workers' salaries, citing the government's inability to meet its ...Published: 03 Dec 2024 at 09:58hrs | 12996 | by Staff reporter
Load More Stories
