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Top German bank cuts ties with Zimbabwe’s Stanbic

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BY RAY NDLOVU AND ROXANNE HENDERSON

Germany’s Deutsche Bank has cut correspondent banking ties with Standard Bank Group Ltd’s Zimbabwean unit, dealing a body-blow to one of the few remaining international banking providers operational in the southern African nation.

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Stanbic Bank Zimbabwe Ltd as the local unit is known, is the latest lender to have its United States dollar correspondent banking services — which are key to facilitating foreign currency exchange and payments — terminated by an international bank.

“Deutsche Bank were no longer able to support the clearing of a few of our US dollar based services,” the lender said in an August 30 emailed response to questions.

No reasons were given for the termination. Deutsche Bank declined to comment.

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The Reserve Bank of Zimbabwe estimates that at least 102 correspondent banking relationships were lost over the last decade because of the country’s perceived high risk due to sanctions.

Stanbic Bank, which counts among its clients major exporters, non-governmental organizations and embassies, said it now operates a US dollar correspondent banking relationship through its parent company in South Africa.

Deutsche Bank for years has been pulling back from offering correspondent banking as the costs to ensure compliance with know-your-clients rules have increased.

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It has also been exposed to regulatory actions for acting as a correspondent bank for Danske’s Estonia unit while suspicious transactions from Russia were flowing through that lender. – Bloombergny’s Deutsche Bank has cut correspondent banking ties with Standard Bank Group Ltd’s Zimbabwean unit, dealing a body-blow to one of the few remaining international banking providers operational in the southern African nation.

Stanbic Bank Zimbabwe Ltd as the local unit is known, is the latest lender to have its United States dollar correspondent banking services — which are key to facilitating foreign currency exchange and payments — terminated by an international bank.

“Deutsche Bank were no longer able to support the clearing of a few of our US dollar based services,” the lender said in an August 30 emailed response to questions.

Advertisement

No reasons were given for the termination. Deutsche Bank declined to comment.

The Reserve Bank of Zimbabwe estimates that at least 102 correspondent banking relationships were lost over the last decade because of the country’s perceived high risk due to sanctions.

Stanbic Bank, which counts among its clients major exporters, non-governmental organizations and embassies, said it now operates a US dollar correspondent banking relationship through its parent company in South Africa.

Advertisement

Deutsche Bank for years has been pulling back from offering correspondent banking as the costs to ensure compliance with know-your-clients rules have increased.

It has also been exposed to regulatory actions for acting as a correspondent bank for Danske’s Estonia unit while suspicious transactions from Russia were flowing through that lender. – Bloomberg

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Rangers run for conservation: The Wildlife Ranger Challenge in Gwai

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BY NOKUTHABA DLAMINI 

Knowledge Sibanda, a 23-year-old ranger with the Conservation Wildlife Fund (CWF), stood at the starting line of the Wildlife Ranger Challenge, a 21-kilometer run held on Saturday. “I’m running because I want to show that rangers care about their health and our environment,” he said. This was his first time participating in the event, and as he looked around at his fellow rangers, excitement pulsed through him.

 

As the horn sounded around 6AM, Knowledge and other rangers surged forward along the scenic Lubimbi Road, with water stations and fruit stands cheering them on every few kilometers. This was not just a race; it was a gathering to celebrate the vital work of wildlife rangers across Africa. Organized by the Painted Dog Conservation, the challenge aims to enhance rangers’ livelihoods while advocating for better training and support in their critical roles.

Running alongside Knowledge was Mbonisi Mudimba, another ranger who emphasized the purpose behind their participation. “We want to encourage the younger generation to get involved in conservation,” he explained, breathing heavily but with a smile of determination. “If we show them that we care and that being a ranger can be fulfilling, they’ll want to join us.”

As the rangers completed their race, the atmosphere shifted to one of celebration and reflection. Participants gathered at a Gwai Valley School for a series of presentations that emphasized the day’s theme: protecting the environment for future generations.

Headman Doctor Ncube from Chimwara Village, who represented Chief Mabhikwa, spoke about the importance of conserving natural resources. “Thank you to the scouts and organizers of this event. This nature is vital, and as traditional leaders, we must protect it,” he said. He urged the rangers to stay fit, as their physical endurance is critical to countering poaching and safeguarding wildlife.

David Kuvawoga, Operations Director at Painted Dog Conservation, shared his appreciation of the rangers’ efforts. “We’re here today to show that we’re united in our mission,” he remarked. “Rangers work tirelessly, often away from their families, to protect our natural resources. Their dedication deserves recognition.”

Dan Cloete, the Field Operations Manager at CWF, also highlighted the role of these events in building community support. “By hosting events like this, we show that rangers are not alone in their fight for conservation. Together, we can achieve more,” he stated, underscoring the camaraderie built during the race.

The day’s events culminated in an acknowledgment of the challenges faced by rangers. Debra Ogilvie-Roodt, who leads the CWF, reminded everyone of the risks involved in conservation work. “Rangers put their lives on the line every day. It’s essential that we raise awareness of their dedication and support them in any way we can,” she urged, calling for ongoing efforts to improve ranger welfare.

The Wildlife Ranger Challenge served as a reminder of the collaborative effort needed to protect the environment, Kuvawoga further stated.

With determined rangers leading the way, communities like those in Mabale, Dete and Gwai are beginning to understand their vital role in safeguarding the natural world. After all, it isn’t just a race; it’s a movement toward preserving the planet for future generations.

In addition to the inspiring speeches and side celebrations, the event received significant support from various partners and community members including the Amalinda Safaris, the Friends of Hwange, the Gwayi Farmers Association, Wilderness Safaris, and many others who rallied behind the cause.

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More than 80 buffaloes drown in Namibia after falling off cliff

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BY BBC NEWS

More than 80 buffaloes have been killed after they trampled over each other and drowned in a river, Namibia’s environment and tourism department has said.

The buffaloes were being chased by lions in neighbouring Botswana when they “fell from a deep cliff” into the Chobe River on the Namibian side of the border, it added in a statement.

Hundreds of buffaloes have been killed in similar circumstances in the past.

In one of the worst cases, around 400 died in 2018 after they ran into the river, which flows through Botswana’s Chobe National Park, a major tourist attraction known for its huge number of elephants, buffaloes and giraffes.

An official at Namibia’s Kabulabula Conservancy told the BBC the herd of buffaloes was fleeing lions in Chobe National Park.

“Whenever they are chased by lions, they try to cross over into Namibia and start [trampling over] each other,” the conservancy’s Mbeha Tadeus said.

A spokesperson for the Namibian Environment, Forestry and Tourism Ministry, Ndeshipanda Hamunyela, confirmed that the animals came from Botswana, but could not say whether they were from Chobe National Park.

Ms Hamunyela told the BBC that the meat from the carcasses would be “distributed to communities in the immediate area”.

In a video shared by the Namibian public broadcaster, NBC, on its X page, residents can be seen dividing the meat among themselves near the banks of the river.

The NBC put the number of buffaloes killed at 90, reporting that the incident happened at around 05:00 local time (07:00 GMT).

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Zimbabwe selected for groundbreaking HIV prevention initiative

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BY STAFF REPORTER 

The U.S. Embassy in Zimbabwe has announced an exciting development in the fight against HIV: Zimbabwe has been selected as one of the ten countries globally to roll out lenacapavir, a breakthrough in HIV prevention.

“Yes Zimbabwe, it’s happening!” the embassy declared, highlighting the significance of this initiative.

“For decades, we’ve fought to turn the tide against this epidemic, and each day we get closer,” the statement continued. This new treatment represents a pivotal moment in HIV prevention efforts, as it is the first twice-yearly HIV prevention medicine.

The implementation of lenacapavir is made possible through a partnership with U.S.-based Gilead Sciences and the Global Fund. A key finding from a large-scale clinical trial shows that more than 99% of people on lenacapavir remained HIV negative. While this has the potential to save millions of lives, the Embassy emphasized that for Zimbabwe, it represents a major step toward ending new infections.

“But this is more than medicine—it advances us on a pathway to a safer, stronger, and healthier future!” noted the embassy’s announcement.

The initiative particularly focuses on pregnant and breastfeeding women, aiming to protect the next generation. It will also work toward strengthening healthcare systems, empowering Zimbabwe to lead its own fight against HIV. Moreover, the goal of making lenacapavir more affordable and accessible ensures that no one is left behind.

The embassy highlighted, “This is American leadership at its best: driving innovation, and building a world where children, mothers, and communities can thrive.”

As this initiative rolls out, the message is clear: “Together, we’re not just fighting HIV—we’re winning.”

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