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GWERU – The Midlands State University (MSU) and ZB Financial Holdings on Friday last week signed a Memorandum of Understanding (MoU) that will see the institutions collaborate on research, innovation, and commercialization.
Listed Zimbabwe Stock Exchange financial service provider, ZB Financial Holdings has opened a new center in Gweru on Saturday.
ZB Financial Holdings Group’s digital revolution has been marred by controversy after the organisation hired a company mired in past tender scandals to undertake the creation and installation of the new IT system for the whole group which encompasses ZB Bank, ZB Building Society, ZB Life Insurance, ZB Reinsurance, ZB Capital, ZB Transfer Secretaries, Barcelona and Qupa.
A 29-year-old man from Mudakwenda Village in Mhondoro-Ngezi, who was arrested while lavishly spending US$100 000 which was part of the US$2,5 million robbed from a security van distributing the cash to some ZB Bank branches in the country was yesterday jailed for three years.
The wife of one of the suspected robbers, who was involved in the ZB Bank US$2,5million cash-in-transit heist early this year has appeared in court charged with money laundering after she was found in possession of US$52 000 believed to be part of the loot.
Bail application for two suspects from whom large amounts were recovered after the foiled ZB Bank US$2, 7 million cash-in-transit heist in January has been dismissed.
Two suspects in the US$2,7 million ZB Bank cash-in-transit heist case, Gerald Rutizira and Neverson Mwamuka, have been denied bail at the High Court after the court ruled that evidence linking them to the robbery was strong and chances of their conviction was almost certain which can induce them to flee.
The prosecution’s appeal against the High Court decision to grant bail to Tatenda Gadzikwa, the ring leader of the recent US$2,7 million heist hit a snag after the Supreme Court refused to accept the appeal.
The robbery of US$2,775 million and $43 000 from a cash-in-transit ZB Bank vehicle along Harare-Chinhoyi Road on Wednesday is believed to be an inside job where three security personnel in the vehicle allegedly connived with robbers.
Stanbic Bank and First Capital Bank have closed some of their branches as the financial institutions intensify efforts to help contain the spread of coronavirus in the country.