The governor of the Reserve Bank of Zimbabwe has urged banks to reduce their charges following repeated complaints that they are excessive.
“The banking sector has come under heavy scrutiny and criticism for high...
Zimbabwe hasn’t received any concrete commitments of financial support from 10 nations it appealed to for help in its long-standing efforts to clear debt arrears.“Some of them are very warm, some of them not so warm,” Finance...
CBZ is Zimbabwe’s largest bank, but CEO Lawrence Nyazema sees it as a big fish in a small pond. He says it’s time for the bank to expand beyond the country’s borders—starting this year.
Steward Bank says it is cutting staffing levels, after the reconstruction of its holding company EcoCash and a shift to digital banking.
Bank CEO Courage Mashavave says the upgrade of its banking systems, which...
Finance Minister Mthuli Ncube says he will propose a ZWL$900 billion budget for 2022, more than double this year’s total, as the country struggles with surging inflation.
In July, Ncube had signalled plans for...
Zimbabwe is one of the countries whose banking systems are at the greatest risk of being used by money launderers, according to a new report.
The Basel Anti-money laundering (AML) Index, released September 13,...
Deutsche Bank has cut correspondent banking ties with Stanbic Bank, dealing a body-blow to one of the few remaining international banking providers operational in Zimbabwe.
Stanbic, the local unit of Standard Bank, is the...
Zimbabwe will use more than half of the US$961 million it has been allocated by the International Monetary Fund in the form of special drawing rights to support its beleaguered currency.
The government abandoned...
By John Kachembere
Zimbabwe has made strides in curbing illicit financial flows (IFFs), but a more coordinated approach by the country’s many anti-corruption agencies is needed to stop the bleeding, analysts say.
Charging above the official exchange rate and refusing to take Zimbabwe dollars will attract fines under new regulations gazetted by Government.
There will also be penalties for companies that misuse the forex they get...
