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
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
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
China sanctioned a pair of banks in the EU, fulfilling a promise to retaliate after the bloc targeted some Chinese lenders over Russia's invasion of Ukraine.China included UAB Urbo Bankas and AB Mano ...
By Staff reporter | Published: 13 August 2025
Most Zimbabwean banking institutions have exceeded minimum regulatory capital requirements, signalling stability, resilience, and soundness in the country's financial system, the latest Reserve Bank o...
By Staff reporter | Published: 13 August 2025
Former uMkhonto weSizwe (MK) Party leader Jabulani Khumalo has launched an urgent Constitutional Court application seeking to reclaim the party's top leadership position from former President Jacob Zu...
By Staff reporter | Published: 12 August 2025
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
Top Zimbabwe business executive arrested for fraud 
South Africa is in serious trouble 
US halts visa services for Zimbabwean nationals 
ZSE and VFEX recover after weak 1st half 
Gold edges up as traders await guidance 
Zimbabwe Agricultural Show 2025 kicks off 
Young Investment Professional (YIP) Graduate Programme 2019 
Young Investment Professional (YIP) Graduate Programme 2019
