FINANCIAL SERVICES

IPEC launches regulatory sandbox for insurance sector

Zimbabwe's insurance and pensions sector has taken a major step toward digital transformation following the launch of the Insurance and Pensions Commission (IPEC) Regulatory Sandbox, a platform desig...

By Staff reporter | Published: 24 May 2026

FINANCIAL SERVICES

Tungawarara's microfinance company launched

Zimbabwe's informal sector and civil service have received a significant boost following the official launch of a new micro-lending initiative, Talk and Pay Microfinance, aimed at expanding access to...

By Staff reporter | Published: 19 May 2026

FINANCIAL SERVICES

Zimbabwe bank withdrawal fees cut to 2%

Zimbabwe has capped bank cash withdrawal charges at 2% for both U.S. dollar and Zimbabwe Gold (ZiG) transactions under a new set of financial sector reforms aimed at reducing banking costs and expand...

By Staff reporter | Published: 16 May 2026

FINANCIAL SERVICES

Retrenchment bill dents banks' earnings

ZIMBABWE'S banking sector spent more than US$50 million on retrenchment and restructuring costs in 2025, as major financial institutions accelerated staff rationalisation programmes aimed at cutting ...

By Staff reporter | Published: 16 May 2026

FINANCIAL SERVICES

Zimbabwe moves to cut mobile money charges

Zimbabwe is set to reduce mobile money transfer charges as part of a broader package of financial sector reforms aimed at lowering transaction costs and improving financial inclusion.For years, mobil...

By Staff reporter | Published: 16 May 2026

FINANCIAL SERVICES

Zimnat ordered to pay US$1,4m claim

The High Court has ordered Zimnat General Insurance to pay a combined US$2,46 million to tourism operators after ruling that Covid-19 triggered valid business interruption cover under insurance polici...

By Staff reporter | Published: 11 May 2026

FINANCIAL SERVICES

'Banks push workers onto fragile contracts'

Workers in Zimbabwe's banking sector are increasingly being pushed into insecure, fixed-term contracts without benefits such as medical aid, pensions and social security, amid what unions describe as...

By Staff reporter | Published: 08 May 2026

FINANCIAL SERVICES

InnBucks drops monthly fee after customer backlash

Digital financial services platform InnBucks has scrapped its KaOne monthly subscription fee following sustained customer complaints, marking a significant change in its pricing model.Effective 1 May,...

By Staff reporter | Published: 01 May 2026

FINANCIAL SERVICES

Banks ditch court fight against ZIMRA, Treasury

Zimbabwe's banking sector has abandoned plans for a courtroom showdown with the tax authorities, opting instead for direct negotiations with the Zimbabwe Revenue Authority and the Ministry of Finance ...

By Staff reporter | Published: 01 May 2026

FINANCIAL SERVICES

Zimbabwe banks push back against RBZ tight policy

Zimbabwe's top bankers have mounted a rare and coordinated pushback against the central bank's tight monetary policy, warning that while it has restored stability, it is now choking credit growth and...

By Staff reporter | Published: 27 April 2026

FINANCIAL SERVICES

Nedbank Zimbabwe appoints Murambadoro as MD

Nedbank Zimbabwe has appointed Betty Murambadoro as its new managing director, taking over from Sibongile Moyo, who stepped down in January.Murambadoro brings extensive experience in the banking secto...

By Staff reporter | Published: 23 April 2026

FINANCIAL SERVICES

AFC Bank rolls out fast, inclusive loan solutions

AFC Commercial Bank has launched OpenCred, a digital-first microfinance platform designed to widen access to fast and flexible loan solutions for individuals and businesses across Zimbabwe.The platfor...

By Staff reporter | Published: 21 April 2026

FINANCIAL SERVICES

CABS targets informal women entrepreneurs

CABS has launched a women-focused banking platform, HerNest, aimed at bringing thousands of underserved female entrepreneurs into the formal financial system and strengthening financial inclusion in Z...

By Staff reporter | Published: 21 April 2026

FINANCIAL SERVICES

InnBucks partners TM Pick n Pay

InnBucks MicroBank has announced a strategic partnership with retail chain TM Pick n Pay, marking a significant step in the expansion of digital financial services across Zimbabwe's retail sector.The ...

By Staff reporter | Published: 16 April 2026

FINANCIAL SERVICES

Standard Bank data stolen and leaked online

A threat actor has revealed that 1.2TB of confidential data stolen from Standard Bank, which includes client credit card information, will now be leaked online in parts.The bank, the largest in South ...

By Staff reporter | Published: 16 April 2026

FINANCIAL SERVICES

Women's Bank partners Govt

The Zimbabwe Women's Microfinance Bank (ZWMB) has joined hands with Government to facilitate access to tractors under the Belarus mechanisation scheme, in a move aimed at advancing agricultural produc...

By Staff reporter | Published: 17 September 2025

FINANCIAL SERVICES

CBZ secures US$10m facility to fund SMEs

CBZ Bank has signed a US$10 million factoring and supply chain finance line of credit with the African Export-Import Bank (Afreximbank), a move the bank says will revolutionise financing for Zimbabwea...

By Staff reporter | Published: 11 September 2025

FINANCIAL SERVICES

Hodnett named new CEO of Standard Bank

Standard Bank, Africa's largest bank with subsidiaries across 26 countries including Zimbabwe under the Stanbic Bank brand, has appointed David Hodnett as its new Group Chief Executive.Hodnett, curren...

By Staff reporter | Published: 09 September 2025

FINANCIAL SERVICES

Old Mutual Zimbabwe adopts USD reporting

Old Mutual Zimbabwe (OMZ) has transitioned to reporting in United States dollars across key subsidiaries, reflecting increased hard currency inflows and positioning the group for greater transparency ...

By Staff reporter | Published: 31 August 2025

FINANCIAL SERVICES

Zimbabwe FIU fines banks over weak AML Controls

Zimbabwe's Financial Intelligence Unit (FIU) fined four banks up to US$30 000 each last year after uncovering serious lapses in anti-money laundering (AML) and counter-terrorist financing (CFT) system...

By Staff reporter | Published: 22 August 2025

FINANCIAL SERVICES

CBZ appoints Group Chief Risk Officer

CBZ Holdings has announced the appointment of Eunice Mujekenyeki as its new Group Chief Risk Officer, bringing over two decades of experience in the financial services sector to the role.Ms. Mujekeny...

By Staff reporter | Published: 20 August 2025

FINANCIAL SERVICES

RBZ to regulate AI in Zimbabwe's banks

The Reserve Bank of Zimbabwe (RBZ) is developing specific rules to regulate the use of artificial intelligence (AI) within the country's financial institutions, signaling a major step toward modernizi...

By Staff reporter | Published: 19 August 2025

FINANCIAL SERVICES

BancABC swings to profit

African Banking Corporation of Zimbabwe Limited (BancABC) has returned to profitability, posting a profit after tax of ZiG146,6 million for the half year ended June 30, 2025, reversing a loss-making p...

By Staff reporter | Published: 19 August 2025

FINANCIAL SERVICES

Nedbank sells Ecobank stake

Nedbank Group has sold its 21.2% stake in Ecobank Transnational for US$100 million to Bosquet Investments, an investment vehicle of former Ecobank chairman Alain Nkontchou.The South African lender, wh...

By Staff reporter | Published: 19 August 2025

FINANCIAL SERVICES

Banks to report on rural financial literacy outreach

The Reserve Bank of Zimbabwe (RBZ) has stepped up efforts to promote financial literacy in rural and marginalised communities, directing all banks and microfinance institutions to submit quarterly up...

By Staff reporter | Published: 18 August 2025
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