The High Court of Zimbabwe has dismissed an application by African Century Limited, a registered Deposit Taking Microfinance Bank, seeking the release of a high-end Toyota Land Cruiser VXR valued at over US$147,000 seized by the Zimbabwe Revenue Authority.
Stanbic Bank Zimbabwe Limited recorded a good financial performance for the year ended 31 December 2025, achieving a profit after tax of ZWG1.7 billion, driven by robust loan book growth and strong economic fundamentals.
At a time when Zimbabwe is planning a phased transition to a mono-currency system, with the goal of making the Zimbabwe Gold (ZiG) its sole legal tender by 2030, the ZiG has been ranked as one of the world’s worst-performing currencies, according to United States economist Professor Steve Hanke, who placed it sixth on his latest Hanke’s Currency Watchlist.
HARARE - FBC Holdings Limited is negotiating credit lines worth more than US$50 million to strengthen its funding base and expand lending to customers, as liquidity constraints continue to weigh on the domestic financial sector.
HARARE - Poor Zimbabweans, heavily reliant on mobile banking and traditional financial services for their daily transactions, are facing a "hidden burden" as "exploitative" charges for simple balance inquiries erode their already stretched incomes and undermine efforts to promote financial inclusion in the country.
HARARE - FBC Bank Limited's bid to appeal a Labour Court ruling has been rejected by the Supreme Court of Zimbabwe, upholding the lower court's decision to strike off the bank's application for rescission of a default judgement in a labour dispute with former employee Kudzai Kwangwari.
HARARE - Another leaked document has revealed that Attorney General Virginia Mabiza instructed the People's Own Savings Bank (POSB) to grant access to its vaults to Hebrew Investment Group (HIG), a controversial private investor fronted by President Emmerson Mnangagwa's ally Morris Brown Gwedegwe.
HARARE - Controversial Zimbabwean tenderpreneur Wicknell Chivayo has requested Ecobank to increase the maximum monthly cash withdrawal limit on his company's account to US$20 million.
HARARE - A proposed merger between CBZ Holdings Limited (CBZHL) and ZB Financial Holdings Limited (ZBFHL), valued at US$2.5 billion, has collapsed due to regulatory hurdles.
Mukuru Financial Services Zimbabwe Limited has been granted a license to operate a microfinance business in Zimbabwe, the central bank announced in a public notice on Wednesday.
