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

BUSINESS NEWS

Zimbabwe delegation in US for IMF, World Bank meetings

A Zimbabwean delegation led by Finance Secretary George Guvamatanga is in Washington D.C. attending the International Monetary Fund (IMF) and World Bank Annual Meetings, where discussions on the impl...

By Staff reporter | Published: 14 October 2025

BUSINESS NEWS

Zimbabwe in debt distress, claims World Bank

Zimbabwe's public debt has reached unsustainable levels, limiting the country's access to international financing, the World Bank has warned in a new report.The multilateral lender put Zimbabwe's deb...

By Staff reporter | Published: 12 October 2025

BUSINESS NEWS

Gold mafia scandal case 'could collapse SA banks'

A landmark R4.8 billion lawsuit filed by the South African Revenue Service (Sars) against Sasfin Bank could expose financial institutions to "limitless liability" for their clients' misconduct, the b...

By Staff reporter | Published: 11 October 2025

EDUCATION

Zimbabwe banker's diploma gains UK accreditation

The Institute of Bankers of Zimbabwe (IOBZ) has secured international accreditation for its Banker's Diploma from the United Kingdom's Chartered Banker Institute, marking a major milestone for the co...

By Staff reporter | Published: 03 October 2025

BUSINESS NEWS

Defunct bank haunts Bulawayo

Bulawayo City Council has suffered significant financial losses after investing in Tetrad Investment Bank, which was shut down by the Reserve Bank of Zimbabwe two years ago, according to a recent parl...

By Staff reporter | Published: 26 September 2025

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

INDUSTRIALS & ENERGY

Afreximbank powers Zesa with US$210m facility

Zimbabwe's power utility, Zesa Holdings, has secured a US$210 million financing facility from Afreximbank, aimed at strengthening the country's electricity infrastructure and importing additional powe...

By Staff reporter | Published: 10 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

BUSINESS NEWS

Zimbabwe in top five of Afreximbank borrowers

Zimbabwe has emerged as one of the top five borrowers from the African Export-Import Bank (Afreximbank), highlighting its growing reliance on the regional lender at a time when global credit assessor...

By Staff reporter | Published: 08 September 2025

BUSINESS NEWS

Zimbabwe central bank launches ZiG Confidence survey

THE Reserve Bank of Zimbabwe (RBZ) has embarked on a fresh nationwide survey to assess confidence in the Zimbabwe Gold (ZiG) currency, more than a year after it was introduced as the country's sole le...

By Staff reporter | Published: 02 September 2025

BUSINESS NEWS

High bank charges hindering Zimbabwe financial inclusion

High bank charges imposed by local financial institutions are choking financial inclusion in Zimbabwe and running contrary to best practices across the region, a new National Economic Consultative For...

By Staff reporter | Published: 29 August 2025

BUSINESS NEWS

RBZ slams Zimbabwe banks over punitive fees

Zimbabwe's banks are facing criticism from both depositors and the Reserve Bank of Zimbabwe (RBZ) over the imposition of high fees and charges, which are increasingly seen as exploitative.RBZ Deputy G...

By Staff reporter | Published: 28 August 2025

BUSINESS NEWS

RBZ begins production of redesigned ZiG banknotes

The Reserve Bank of Zimbabwe (RBZ) has commenced production of redesigned ZiG banknotes, set to enter circulation soon as part of the central bank's de-dollarisation roadmap, which targets a transitio...

By Staff reporter | Published: 26 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

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
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