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Category: Banking

POSB Turns to Technology and...

THE People’s Own Savings Bank (POSB) has...

NDS2 targets 90pc financial inclusion

BANKING sector reform is at the centre...

POSB Turns to Technology and AI to Power Next Phase of Growth

THE People’s Own Savings Bank (POSB) has launched a major executive recruitment drive as it accelerates plans to reposition itself as a technology-driven, digitally sovereign financial institution, signalling a decisive shift away from traditional banking models. The State-owned bank is in the process of engaging a specialised executive search firm to help recruit six senior executives, a move aimed at anchoring its transition towards an AI-enabled digital bank. The recruitment exercise follows the release of POSB’s 2025 interim financial results, which outlined an ambitious strategy to modernise the institution and...
Staff Reporter -
Banking

POSB Turns to...

THE People’s Own Savings Bank (POSB) has launched a major executive recruitment drive as it accelerates plans to reposition itself as a technology-driven, digitally...
Staff Reporter -
Banking

NDS2 targets 90pc...

BANKING sector reform is at the centre of the National Development Strategy 2 (NDS2) economic transformation agenda, with the Government setting a target to...
Staff Reporter -
Banking

Mandiwanzira warns of...

Nyanga South legislator Supa Mandiwanzira has raised concerns in Parliament over growing loopholes exploited by foreign nationals to externalise foreign currency from Zimbabwe, highlighting...
Staff Reporter -
Banking

FBC Bank, building...

FBC Bank Limited and FBC Building Society, wholly owned subsidiaries of FBC Holdings Limited (FBCH), will merge their operations effective December 30, 2025. This comes...
Staff Reporter -
Banking

News Treasury chief...

HARARE – Industry bodies, not the government, were behind the widely-quoted 2030 target for ending dollarisation and returning Zimbabwe to exclusive use of a...
Staff Reporter -
Banking

Diaspora remittances surge...

ZIMBABWEANS living abroad continue to play a pivotal role in national development, having sent home more than US$880 million in the first five months...
Staff Reporter -
Banking

ATM Withdrawals Surge...

HARARE — Zimbabweans are now withdrawing an estimated US$346 million per month from automated teller machines (ATMs), a sharp rise from around US$260 million...
Staff Reporter -
Banking

Govt allays single...

GOVERNMENT has moved to allay public and corporate anxiety, assuring the nation that the planned transition to a mono-currency system will not erode the...
Staff Reporter -
Banking

Zim Central Bank...

THE Reserve Bank of Zimbabwe (RBZ) has kept all key policy rates unchanged, with the bank’s Monetary Policy Committee (MPC) seeking to consolidate significant...
Staff Reporter -
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