BUSINESS NEWS

Zimbabwe edges closer to joining BRICS bank

New Development Bank has officially commenced formal negotiations for Zimbabwe's membership, marking a significant step toward the country's potential access to new international development financing...

By Staff reporter | Published: 20 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

'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

TRANSPORT & TOURISM

NRZ secures US$115m Afreximbank deal to revive rail system

The National Railways of Zimbabwe (NRZ) is finalising a US$115 million loan agreement with the African Export-Import Bank (Afreximbank) aimed at rehabilitating critical rail infrastructure, locomotive...

By Staff reporter | Published: 07 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

INDUSTRIALS & ENERGY

Afreximbank backs Zimbabwe fuel pipeline

Zimbabwe is expected to benefit from a new US$3 billion facility announced by the African Export-Import Bank (Afreximbank), aimed at strengthening intra-African fuel trade and reducing dependence on M...

By Staff reporter | Published: 27 April 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

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

BUSINESS NEWS

Zimbabwe pursues reform agenda at IMF/World Bank spring meetings

Zimbabwe is participating in the IMF/World Bank Spring Meetings 2026, currently underway in Washington from April 13 to 18, with the country's delegation led by Finance Minister Mthuli Ncube focusing ...

By Staff reporter | Published: 14 April 2026

BUSINESS NEWS

World Bank says Zimbabwe's near-term economic outlook positive

Zimbabwe's near-term economic outlook is positive with growth anticipated to remain at 5 percent in 2026, the World Bank said Tuesday.According to the Zimbabwe Economic Update released by the World B...

By Staff reporter | Published: 04 December 2025

BUSINESS NEWS

RBZ resolves to maintain bank policy rate at 35%

The Reserve Bank of Zimbabwe (RBZ) has maintained the bank policy rate at 35% following the latest Monetary Policy Committee (MPC) meeting held on December 1, 2025, as authorities continue efforts to...

By Staff reporter | Published: 04 December 2025

BUSINESS NEWS

'Zimbabwe banking sector safe, sound, well capitalised'

Finance, Economic Development and Investment Promotion Minister Professor Mthuli Ncube says Zimbabwe's banking sector remains stable, well-capitalised and free from financial stress, supported by str...

By Staff reporter | Published: 04 December 2025

BUSINESS NEWS

Suspect in US$4m Ecobank Bulawayo heist extradited

One of the suspects allegedly involved in the high-profile US$4 million Ecobank Bulawayo heist has been extradited from Botswana and appeared before the Bulawayo Regional Magistrate's Court on Friday....

By Staff reporter | Published: 24 November 2025

BUSINESS NEWS

ZB plans banking consolidation

ZB Financial Holdings Limited (ZBFH) says Zimbabwe's improving macroeconomic stability and monetary discipline have created a stronger foundation for growth, translating into solid performance across ...

By Staff reporter | Published: 11 November 2025

BUSINESS NEWS

'Only 46% of Zimbabweans have bank accounts'

TN CyberTech Bank has sounded the alarm over Zimbabwe's worsening financial exclusion, revealing that only 46 percent of the country's adult population holds a formal bank account, according to its la...

By Staff reporter | Published: 08 November 2025

BUSINESS NEWS

Banks demand clarity on AI rules as compliance concerns grow

Zimbabwean compliance officers have urged the establishment of robust regulatory frameworks and internal governance to guide the responsible adoption of artificial intelligence (AI) in the banking sec...

By Staff reporter | Published: 25 October 2025

BUSINESS NEWS

Zimbabwean banks overcharging clients

Multiple Zimbabwean banks are under scrutiny following explosive allegations that they systematically overcharged corporate clients millions of dollars through inflated interest rates and hidden fees,...

By Staff reporter | Published: 25 October 2025

BUSINESS NEWS

No bank at risk of collapse in Zimbabwe

The Bankers Association of Zimbabwe (BAZ) has sought to calm rising public concerns over potential bank collapses, asserting that the country's banking sector remains "safe and sound" and insulated f...

By Staff reporter | Published: 17 October 2025

BUSINESS NEWS

Banker, wife dies in road accident

A fatal head-on collision at the notorious Susunje River blackspot along the Harare-Chirundu highway has claimed the lives of Patrick Samboko, operations manager at FBC Chinhoyi branch, and his wife...

By Staff reporter | Published: 16 October 2025

BUSINESS NEWS

RBZ urged to reduce bank charges

The Zimbabwe Taxpayers Platform (ZITAP) has called on the Reserve Bank of Zimbabwe (RBZ) to review and lower prevailing bank charges, warning that high service fees are discouraging citizens and busi...

By Staff reporter | Published: 16 October 2025

BUSINESS NEWS

Old Mutual banks on innovation hub to drive startups

Old Mutual Zimbabwe's Eight2Five Innovation Hub has strengthened its commitment to nurturing entrepreneurial talent through a continued partnership with The Ideas Tank, integrating the initiative into...

By Staff reporter | Published: 15 October 2025

BUSINESS NEWS

First Capital Bank nears sale of stake in Victoria Falls Hotel

Top financial institution First Capital Bank (FCA) has finally secured a potential investor for its stake in Makasa Sun (Private) Limited, the company that owns a prominent Victoria Falls-based hotel...

By Staff reporter | Published: 15 October 2025
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