Zimbabwean consumers are facing increasing difficulties in accessing loans from traditional banking institutions due to low wages and the escalating cost of living, according to the IH Zimbabwe Consum...
By Staff reporter | Published: 08 July 2025
Zimbabwean banks processed transactions worth R6.09 billion (approximately US$339 million) through the Southern African Development Community Real-Time Gross Settlement System (SADC-RTGS) in 2024, ma...
By Staff reporter | Published: 27 June 2025
Zimbabwe's banking sector has injected approximately US$200 million to support the ongoing 2024/2025 summer cropping season, underscoring renewed efforts to revitalize agriculture, a sector long regar...
By Staff reporter | Published: 22 May 2025
A top Zimbabwean banker is at the centre of the nearly R2 billion Zimbabwe Electoral Commission (ZEC) tender scandal involving a South African printing company paid R1.2 billion by the Harare governme...
By Roland Mpofu | Published: 08 May 2025
RESERVE Bank of Zimbabwe (RBZ) deputy governor Jesimen Chipika has urged banks to focus on savings deposits in order to enhance financial support to the productive sectors.Productive sectors of agricu...
By Staff reporter | Published: 18 October 2019
Relations between banks and bulk electronic payments service provider, Paynet Zimbabwe, may have irretrievably broken amid revelations that the banks are on the verge of testing an alternative system....
By Staff reporter | Published: 12 July 2019
Payserv Africa Limited and Paynet Zimbabwe Private Limited have commenced legal action against the Bankers Association of Zimbabwe (BAZ) for anti-competitive practices.The company is seeking damages o...
By Staff reporter | Published: 05 July 2019
BULAWAYO residents are complaining about poor service delivery at banks in the city when changing their foreign currency into local currency. The residents said they are made to wait for long hours be...
By Staff reporter | Published: 04 July 2019
THE interbank market exchange rates have registered increases with most banks are now paying more than the parallel market rate.NewZimbabwe.com says it's market assessment shows that the once thriving...
By newzimbabwe | Published: 02 July 2019
PAYNET Zimbabwe (Paynet), a salary payment software vendor, has offered companies a free service to wire salaries to their employees using EcoCash until August 1 2019, escalating a simmering row with ...
By Staff reporter | Published: 20 June 2019
PENSIONERS might have to wait a bit longer before they receive their monthly pay outs, which were due yesterday, the National Social Security Authority (NSSA), said yesterday. It said the delay was ca...
By Staff reporter | Published: 14 June 2019
PAYNET, a subsidiary of Mauritian financial services provider Payserv Africa, has suspended all local financial institutions from its transacting platform after they refused to pay in foreign currency...
By Staff reporter | Published: 14 June 2019
Ecobank Transnational Incorporated (ETI) is targeting a return on equity of over 20% in the short term for its Central, Eastern and Southern African (CESA) banking segment and is overall satisfied wit...
By Staff reporter | Published: 02 May 2019
Commercial banks deposits rose by 25% to $8 billion in the first 10 months of last year, data from the central bank has shown.According to the Reserve Bank of Zimbabwe (RBZ)'s monthly review of Octobe...
By Staff reporter | Published: 30 January 2019
FINANCE Minister Mthuli Ncube has urged banks to relax their stringent lending requirements in order to improve access to financial services.Ncube was speaking at the Zimbabwe Independent's Banks and ...
By Staff reporter | Published: 07 December 2018
CABS emerged the top-performing bank at this year's edition of the Zimbabwe Independent Banks and Banking Survey ceremony, which was held in Harare last night.CBZ was the first runner-up, followed by ...
By Staff reporter | Published: 30 November 2018
Harare City Council says it is yet to receive the remainder of a loan to upgrade its water infrastructure from a Chinese bank, seven years after the deal was struck.Mayor Herbert Gomba said contrary t...
By Staff reporter | Published: 30 September 2018
ZIMBABWEAN banks are slowly increasing capital allocation towards investment securities after controlled lending rates put pressure on the sector's profits in the half year to June 2018, The Financial...
By Staff reporter | Published: 06 September 2018
DEPOSITORS smiled all the way to banks on Monday and yesterday as banks in Bulawayo offered more cash withdrawals of up to $100, both bond notes and United States dollars.Yesterday, scores of deposito...
By Staff reporter | Published: 25 July 2018
ZIMBABWE'S Reserve Bank has pumped nearly $45 million into the banking system to ease cash shortages and fight off parallel market rates.John Mangudya's institution injected $20 million and another $2...
By Staff reporter | Published: 23 July 2018
THE Reserve Bank of Zimbabwe (RBZ) has castigated banks for keeping huge sums of money with the central bank instead of lending it to the productive sector.Responding to questions from delegates atten...
By Staff reporter | Published: 09 July 2018
BANKERS Association of Zimbabwe (BAZ) vice-president Benefit Washaya says banks were still to decide whether they should continue importing cash to distribute to the depositors considering that the mo...
By Staff reporter | Published: 05 July 2018
THE Reserve Bank of Zimbabwe has temporarily stopped giving US dollars to banks for withdrawal by individuals, as the latter are said to be at the centre of black market currency dealings.The central ...
By Staff reporter | Published: 01 July 2018
Government is working with the Reserve Bank of Zimbabwe (RBZ) and other relevant bodies to ensure the country's banking sector is in a position to play key intermediary roles in the recovery of the ec...
By Staff reporter | Published: 26 June 2018
THE Deposit Protection Corporation (DPC) has sued directors of four failed banks for lack of corporate governance and abuse of depositors' funds.Last year, the deposit protection entity said that it h...
By Staff reporter | Published: 25 June 2018
Concern over Masvingo black market 
Kenya declares three days of mourning for Mugabe 
UK's Boris Johnson quits over Brexit stretegy 
SecZim licences VFEX 
Zimbabwe abandons debt relief initiative 
European Investment Bank warms up to Zimbabwe 
Young Investment Professional (YIP) Graduate Programme 2019 
Young Investment Professional (YIP) Graduate Programme 2019
