Zimbabwe’s Apex Bank,  Reserve Bank of Zimbabwe has reduced the Targeted Finance Facility rate from 20% to 15% with a cap on banks' on-lending to productive sectors at an all-inclusive rate of 25%, an

Nedbank has set a target for one fifth of its earnings to come from outside South Africa as it reshapes its business around Southern and East Africa through the acquisition of a controlling stake in K

Stanbic Bank Zimbabwe's integration of UnionPay e-commerce acceptance unlocks a vital new stream of international merchant transactions. As regulatory pressures in Zimbabwe drive down routine domestic

CBZ Holdings is set to provide US$100 million towards rehabilitation and upgrading of the Harare Chirundu Highway, placing one of Zimbabwe’s largest banking groups directly inside the financing of a s

Samuel Chivaura takes over Stanbic Zimbabwe’s Corporate and Investment Banking franchise from 1 September 2026 He brings more than two decades of Standard Bank experience across CIB, risk, transformat

First Capital Bank has started putting its rapidly growing deposit base to work, although the destination of that money gives a more precise picture of the strategy than the headline 28% increase in l

Crown Bank generated US$3.3 million in profit before tax during the first half of 2026, up 344.3% year on year, as FBC Holdings rebuilt the former Standard Chartered Zimbabwe franchise following disru

NMBZ Holdings has doubled net interest income during the first half of 2026 while its newly acquired Zambian business began contributing materially to group earnings, giving the financial services gro

CBZ Holdings’ profit after tax fell 20.3% to ZWG691.6 million in the half year ended June 2026 from ZWG868.1 million a year earlier, with the deeper earnings deterioration occurring before tax as high

Matsaudza brings more than 17 years of experience across African financial and telecommunications markets. ZB’s appointment announcement says he previously served as Managing Director of O’mari, the f

TN CyberTech Bank is using technology to attack one of Zimbabwe’s persistent banking problems, the economics of serving customers who need small amounts of credit but are too expensive to reach throug

Zimbabwe’s private-sector credit stock is equivalent to only 6.5% of GDP, according to the World Bank’s Zimbabwe Country Growth and Jobs Report, compared with approximately 22% in Côte d’Ivoire, 32%

* Foreign reserves reached US$1.7 billion by end-July, covering 1.7 months of imports. * First-half foreign-currency receipts increased 47.8% to US$10.72 billion. * Two months of cover remains below t

The Reserve Bank of Zimbabwe’s intervention in banking charges is beginning to alter the economics of Zimbabwe’s transation-banking franchises, although H1 results show that lower regulated prices hav

NMB Bank has secured a second financing commitment from British International Investment (BII), with the UK development finance institution increasing its exposure to the Zimbabwean lender through a n

British International Investment’s US$50 million commitment through CABS and NMB Bank places long-term foreign development capital back into the part of Zimbabwe’s economy where financing constraints

The Reserve Bank of Zimbabwe’s Monetary Policy Committee has cut the Bank policy rate from 30% to 27.5% on 28 September 2026, reduced the Targeted Finance Facility rate from 15% to 12.5% and retained

Zimbabwe is projecting a record current account surplus exceeding US$3 billion by December 2026, supported by a 47.8% surge in foreign currency inflows during the first half of the year, although the

Zambia National Commercial Bank (Zanaco) has recorded a 13% increase in operating income to K3.30 billion (approximately US$183.2 million) for the six months ended 30 June 2026, but the improvement fa

Seven of Zimbabwe's 13 commercial banks have joined a US$150 million financing arrangement for Caledonia Mining Corporation's Bilboes gold project, placing approximately 54% of the country's commerci