Zimbabwe and regional technology news and updates



Nyaradzo logo

ZSE marks biggest year in a decade at the close of 2020 trade

The Zimbabwe Stock Exchange (ZSE) closed off 2020 with the highest figures the exchange has posted in decade.

Techzim’s bank of the year – FBC Bank

There have been a number of innovative products and services from the banking sector in 2020 but FBC Bank delivered the most important ones.

CBZ system upgrades causing service disruption

CBZ Holding has released a statement addressing challenges their customers have been facing. The statement is as follows: CUSTOMER NOTICE To our Valued Customers,We would like to thank you for your continued support and advise that we are in the process of refining the system as we finalize the upgrade. As a result, please bear […]

CBZ Holdings Unveils New Board Of Directors

Zimbabwe’s largest financial institution, CBZ Holdings, today announced the appointment of a new Board of Directors to oversee the bank’s transformation strategy. The new directors bring a wealth of experience from a diverse range of disciplines to help CBZ strengthen its position as the premier corporate finance and investment banking institution in Zimbabwe. CBZ Press […]

CBZ Surprises Customers By Promising To Lower POS Charges

CBZ took to Twitter to assure their customers that they were hearing their cries. Considering the fact banks have been steadily raising charges over the last year, it came as a welcome surprise when CBZ announced that they would be lowering their charges. We have heard, we have listened and we have complied. To our […]

CBZ Says Coins In “Bin Container” Were Withdrawn By Gambling House

CBZ Bank has come out with an explanation about circulating images of bin containers with bond coins. In a tweet, CBZ said: In other words, CBZ Bank is saying that an unnamed betting house withdrew coins to pay them out as winnings to a punter. CBZ Bank says that the withdrawing of these coins was […]

Warning! CBZ Says Message Circulating Asking For Clients Details Is Fake

If you’re a CBZ customer and you have received a message requesting that you share your CBZ Touch credentials as part of the Winter Promotion, then you’re probably trying to be duped. Urgent Attention!!! We have noted an influx of messages requesting account holders to send their CBZ Touch login credentials, PIN and verification codes. […]

NMB Bank Joins 4 Other Banks In Introducing A Kwenga-Like Device Called KaGwenya

NMB is the latest bank to join this wave of portable Point Of Sale (POS) devices. Steward first made headlines when it introduced such a device, CABS and Metbank introduced their’s and CBZ made its own grand entry last week. The spotlight has now shifted to NMB which has introduced the KaGwenya Portable POS. KaGwenya’s […]

CBZ Launches Their Own Mobile POS Machine; Kleva POS

Banks and mobile POS machines seem to have eyes for each other right now. Late last year Steward Bank was the first to get off their marks and they launched Kwenga. FBC followed suit a few months ago with their Kwik POS machine. Now CBZ has one as well and they are calling theirs the […]

Check Out CBZ’s List Of All Transactions Which Are Charged And Exempted The ‘2% Tax’

CBZ just like many banks has published an informative guideline concerning the recently introduced 2% tax. In its guideline, CBZ lists all the transactions that are both charged and exempted from the 2% tax. Here is the list of transactions where the 2% IMT Tax applies or does not apply. N.B: The list above also […]

You Can Now Link Your CBZ Smartcash With EcoCash

CBZ’s low-cost account, more commonly known as the Smartcash account can now be linked to EcoCash. It’s a bit surprising that this move is coming to Smartcash this far down the line when EcoCash is clearly such an important part of most consumers lives. Having EcoCash integration for banks could ensure that someone opens an […]

National Building Society Finally Linked With EcoCash

National Building Society (NBS) account holders are now able to link their bank accounts with the EcoCash mobile money platform. By doing so the bank has joins others like Standard Chartered, ZB Bank. CBZ, Stanbic, NMB, Agribank and Banc ABC etc. which are already integrated with EcoCash. Obviously, NBS was prompted to link its bank […]

CBZ To Invest $120 000 In Start-ups And SMEs All Over Zimbabwe Through Its Youth Entrepreneurs Programme

CBZ Holdings is going to channel $120 000 into Youth Entrepreneurs Programme (YEP), its programme that aims to promote youths to build profitable business ventures. The YEP programme is in its second year running after it was introduced back in 2016. CBZ’s interest in youths seems to be have found a new impetus given that […]

500 SMEs To Receive Funding From Netone

Zimbabwe’s second largest Mobile Network Operator (MNO), Netone has drawn up a programme to finance 500 Small-to-Medium Enterprises (SMEs) in a move meant to incentivize entrepreneurs to create profitable business ventures. The programme will be bankrolled by a $71 million loan facility availed to the MNO by Zimbabwe’s long-time creditor, China Exim. The loan facility will […]

No More Manual/Paper RTGS For CBZ Customers As The Bank Goes Paperless

CBZ has joined the bandwagon in stopping the processing of manual or paper RTGS transactions and Internal Transfer Fund requests. Zimbabwean banks are following each other in adopting paperless banking with CBZ, NMB, ZB and Steward Bank stopping manual RTGS transactions. However, CBZ customers will still be able to do RTGS transactions on CBZ’s mobile […]

‘Card Cloning’ On The Rise: Steward Bank Warns Customers To Guard Against This Type Of Fraud

Steward Bank has issued a notice warning its customers about the increased risk of transactions involving credit and debit card cloning (card cloning). The Customer Notice is asking customers to be vigilant when using their cards and it went to great lengths prescribing habits customers can take to guard against card cloning. The increased use […]

Daily Transaction Limit Raised For CBZ Smartcash Account Holders

CBZ bank lite account service, Smartcash has increased its daily transactional limit from $300 to $1000. The increase will come as great news to Smartcash customers as this will enable them to increase the volume of their transactions. Smartcash was introduced in 2014 to increase financial inclusion through providing low-cost bank accounts for the unbanked […]

CBZ Bank Going Exclusive To Internet And Mobile Banking, Looks Like Zimbabwe Is Going Paperless Not Just Cashless

CBZ Bank joins a growing number of banks in Zimbabwe that are no longer processing manual (paper) transactions for the transfer of funds whether internally or across to other banks. Here’s their notice to customers: Discontinuation of acceptance of manual RTGS and Internal Funds Transfers CBZ Bank would like to advise its valued clients and […]

CBZ To Invest $12 million In A Mall For SME’s

CBZ Holdings is in advanced talks with the Harare City Council to construct a mall in Graniteside.  After completion, CBZ’s mall is said to house retailers, manufacturers and Small to Medium Enterprises (SMEs). “We have budgeted $8 million and $12 million for the center, which will include a supermarket and factories and offices for SMEs” […]

Nedbank Plans To Fund The Private Sector Massively, Joins CBZ And CABS In Targeting SMEs

Following yesterday’s rebranding from MBCA, Nedbank Zimbabwe said they want to play a dominant role in financing the private sector. The bank alluded to the mantra “Zimbabwe is open for business” as a key influence for them to choose funnelling funds to the private sector. This initiative is going to be introduced in the same […]

CBZ And CABS Avail Loans Targeted At SMEs

CBZ Holdings has announced that it is arranging to increase loans to Small to Medium Enterprises(SMEs) to the tune of $10million so that it can propel the growth of this sector. CBZ is reported to have increased their SME business by 28%. CBZ is showing its commitment to SME’s by hosting this year’s SMEs Indaba […]

CBZ Touch Pulls The Plug On DStv Payments…

There are a limited number of options of how one can use money in their bank accounts to pay for their DStv subscriptions. Among that list, you won’t be seeing CBZ’s Touch as an option any longer. Effective immediately CBZ have stopped the processing of DStv payments using their mobile money solution most likely to […]

Planned EcoCash maintenance not related to this week’s transacting problems

If you tried using EcoCash these past few days, you probably encountered some issues. Problems like transactions just not going through and errors on the platform similar to the one below: So yes, it’s not just you. Some also reported that the regular Econet USSD platform for buying bundles (*143#) was also down. As you […]

CBZ Holdings publishes half year financial results and they are interesting

The CBZ Holdings group announced the results today, the 3rd of August and with the current economic climate, the chairman, Mr Matimba can understandably take pride in them. The group performed well despite the negligible increase in profit after taxation which when you consider the adverse environment is quite impressive. The chairman noted that the […]

CBZ to launch a $35k Youth Entrepreneurs Program, seed funding and training for aspiring youth business ventures

The CBZ Bank in partnership with Empowered Life Trust will be launching a Youth Empowerment Program (YEP) from the 1st of November 2016. We first noticed the program through a flyer posted on its facebook page and were immediately interested to know more about it. So we contacted CBZ and were able to get a […]

“Hello Inconvenience” is what these mobile banking apps are screaming

So my bank just launched a mobile app. And SMS messages have been coming to let us know they have caught up with the times. Messages like this one: Have you downloaded your NMBMobile App now? Yes? Then, visit your nearest branch with your debit card to activate. Hello Convenience! No. Hello Inconvenience. Like apps by other […]

CBZ registers 100,000 low cost customers within year of launching agent banking

CBZ Bank has so far registered at least 100,000 low cost banks accounts customers since the launch of their agency banking in June last year. The accounts, called SmartCash accounts, became a possibility when the Reserve Bank allowed for a lite banks account which customers can open using only their ID. Before now, we didn’t know exactly […]

Nettcash’s the only privately owned mobile money service selling ZESA. How did it pull it off?

The sale of prepaid electricity has been opened up to Nettcash, the youngest mobile money service which has no visible ties to the government. Just how did Nettcash pull this off when other operators like EcoCash and Telecash are being excluded?

What can we expect at Zimbabwe’s 1st Mobile Money & Digital Payments Awards?

The Mobile Money and Digital Payments Conference, an awards ceremony that seeks to recognise and honour outstanding performance and innovation in mobile money and digital payments will be held on the 27th of July in Harare

Spar embraces m-commerce, introduces PayZone and Loyalty Points

Spar has introduced a payments area within the shop and a loyalty program meant to reward customers for their business. It will provide a booth where the main Mobile Wallets (Ecocash, Telecash and One Wallet) and CBZ bank are available for customers.