Zimbabwe and regional technology news and updates



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BancABC Launches Ignite Incubation Hub

BancABC Zimbabwe today announced the launch of their Business Banking offering focused on supporting the SME sector countrywide in their entrepreneurial journey.  As part of the iGnite service offering, the bank launched its SME incubation centre, the Ignition Hub. The Hub will provide a working space for SMEs to network, receive mentorship and training for […]

BancABC Has A New WhatsApp Chatbot: Ally

Today BancABC has introduced a WhatsApp chatbot to extend banking services to customers on the popular messaging app. They have called their bot Ally. BanABC is calling this the beginning of their digital transformation journey. Together with the bot they have officially unveiled a new look website. The site has a refreshing look indeed and […]

BancABC Partners Remittance Startup Senditoo

BancABC has announced that they are partnering London-based remittance company Senditoo. The deal will allow Zimbos in the diaspora to send & receive money at BancABC’s branch network countrywide. Senditoo was predominantly focused on selling airtime but this move establishes as more of a remittance company in the sense that most are accustomed to. it […]

Interview: Lance Mambondiani, BancABC MD, Past Steward Bank CEO – ‘Banking Is Necessary, Banks Are Not’

Lance Mambondiani is one of the most recognizable senior executives within the Zimbabwean banking sector. This is primarily due to his just ended tenure as CEO of Steward Bank. In that role Lance defied traditional banking conventions and defined his own course for the bank. Of course this resulted in a lot of innovation and […]

Former Steward Bank CEO Lance Mambondiyani Appointed MD Of BancABC Zim

Lance Mambondiyani, the former CEO of Steward Bank has been snapped up by BancABC to head up the Zimbabwe operation. Mambondiyani suddenly left the Cassava Smartech owned bank a few weeks ago. Reports were that he had been fired although he and his former employers refused the allegations. BancABC Zimbabwe is under the BancABC Group […]

Full Statement: Steward Bank Ex-CEO Speaks Out

Yesterday l tendered my resignation to the Steward Bank board to pursue other interests. Although it’s been more than six glorious years, It feels like yesterday when l started on this incredible gig. I am graciously indebted to the board, the shareholder and the purple team for supporting me through my role. It has been […]

Steward Bank CEO Lance Mambondiyani Fired

Steward Bank’s CEO, Lance Mambondiani was yesterday fired after being at the bank’s helm since 2015. The reason why he was fired is still publicly unknown. According to Zimlive,who broke the news, Dr Lance was fired because of the alleged misuse of forex at the Cassava-owned bank. But we can’t confirm nor deny it. During […]

{Press Release} EcoCash Commits $5 Million To Help Its Agents In Cyclone-hit Areas To Get Back On Their Feet

EcoCash has set aside $5 million for small businesses in the Cyclone affected areas in Zimbabwe which include Manicaland and Masvingo as part of an initiative to help rebuild the economy of their areas. The initiative, named ‘Project ReBoot Livelihoods (PRL)’ by Econet Wireless founder Mr Strive Masiyiwa, will see EcoCash, working with its sister […]

Steward Bank Is The New EcoCash, Bigger And Stronger

Today Cassava Smartech disrupted themselves. EcoCash, Zimbabwe’s biggest mobile money service with a market share of 97% has been the de facto cash in Zimbabwe for a very long time. In terms of retail payments, that is daily payments between individuals and individuals or individuals and merchants, their only rival is Zimswitch, the interbank transaction […]

$100 Million Loan Facility Available For Medical Practitioners And Other Healthcare Sector Players,From Steward Bank.

A refreshing ball of good news to all players in the healthcare industry, Steward Bank have just made a whooping $100 Million loan facility available to all healthcare industry players interested. The facility, code named Healthcare Fund is available as from today the 17th of August 2018. The announcement was made today by the steward […]

Steward Bank Introduces A New Platform For The Diaspora To Access More Financial Services

Steward Bank (Steward) has just launched Square World, both a payment service and a platform which enables the Zimbabwean diaspora to access various financial services provided by Steward. Essentially, cuts out middlemen who have been facilitating the payment of services and accessing of financial services for the Diaspora. Square World provides the diaspora access to (almost all) banking services […]

Steward Bank: A case study of old vs new thinking #BroadbandEconomy

I have just been reading the Financial Gazette interview of Dr Lance Mambondiani, the CEO of Steward Bank. I guess he is becoming one of the best known CEO’s of any financial services business isn’t he? I was skeptical about reading the interview initially because I thought this is just some spin but I did […]

“As Long As We Are Not Evolving Our Businesses… we are businesses of the past” – #DigitalFutureZim CEO’s Breakfast

CEOs and senior management from organisations in various sectors gathered on 5th April 2017 for the Digital Future Megabyting Session– a fireside breakfast meeting with an opening from Agrippa Mugwagwa, Executive Director of Retail and eCommerce at FBC Bank, and insights from AMH Group Managing Director Vincent Kahiya. Steward Bank CEO Dr. Lance Mambondiani delivered […]

Techzim and TBWA Zimbabwe host DigitalFuture CEOs breakfast #DigitalFutureZim

Together with TBWA Zimbabwe we hosted the Digital Future CEOs breakfast meeting in Harare today. Speaking at the event was the Steward Bank CEO, Dr. Lance Mambondiani, the AMH Managing Director, Vincent Kahiya, and the FBC Executive Director Retail & eCommerce, Agrippa Mugwagwa. The 3 business leaders shared on how they see the digital landscape both globally […]

Zimbabwe’s 10 most influential in Technology 2016

In the same retrospective spirit, we took a look at what happened in the local technology space and came up with our list of the 10 most influential in this space.

Steward Bank opening at least 3,000 new bank accounts a day, says CEO

Steward Bank is now opening at least 3,000 new bank accounts a day, the bank’s CEO, Lance Mambondiani told Techzim recently. We interview Mambondiani at the launch the company’s new Incubation Pod center at its financial services center in Avondale, Harare. “We are opening 3,000 to 4,000 new accounts everyday now. We are in a position where we have been […]

How Steward Bank is winning in the age of agent banking

Steward Bank, an Econet Wireless subsidiary, told Techzim recently that their banking network now has some 3,000 agents spread across the country. Agent Banking Manager, Ruth Takawira, told us in an interview that its agents are now transacting $3-6 million dollars a month. The bank launched agent banking back in November 2014 initially with just Econet’s EcoCash agents. Eventually though, […]

Zimbabwean bankers lament high costs of e-payments infrastructure, call for government’s support

At the recent Mobile Money & Digital Payments Conference held in Harare, one of the issues raised by the bankers was the prohibitive costs of e-payments infrastructure like POS terminals and Automated Teller Machines (ATMs).

Steward Bank launches agent banking partnership with Zimpost

This becomes the latest execution of Steward Bank’s branchless growth strategy, which was was first introduced a year ago and has been used as a cost-effective way to establish a presence in residential communities and peri-urban centres. The model has since been adopted by other local banks.

Steward Bank opens flagship branch, unveils Smart ATMs integrated with EcoCash

Last night, Steward Bank, the financial services subsidiary of Econet Wireless Zimbabwe, officially opened its flagship branch at Eastgate Mall in Harare. Speakers at the event included the new Steward Bank CEO Lance Mabondiani and Japhet Aritho, the head of EcoCash. They both highlighted the focus of tapping into Econet’s tech and financial services strengths […]

Lance Mambondiani appointed Steward Bank acting CEO

Lance Mambondiani has been appointed the Acting CEO at Steward Bank as his boss, Kwanele Ngwenya leaves the organisation at the end of the month. Earlier this month several publications carried the story of Ngwenya’s exit with some referring to it as less ceremonious. Mambondiani’s appointment was approved today by the Reserve Bank and communicated by the Chairman of the bank, Oluwatomisin Fashina. […]