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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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Matabeleland North shines in athletics at national schools competitions

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BY NOKUTHABA DLAMINI

Matabeleland North Province delivered a strong performance in athletics at the National Association of Primary School Heads (NAPH) competitions held in Bindura, scooping five gold medals despite challenges in other disciplines.

 

The competitions ran last week from 17 to 19, with 16 and 20 set aside for travel.

 

Speaking after the event, the Matabeleland North NAPH Vice Secretary, Edward Mudimba of Binga, told VicFallsLive that the province sent a delegation of 121 participants drawn from all seven districts.

Of these, 69 competed in track and field, 31 in drama, 16 in physical education, and eight in chess.

 

Athletics dominates medal haul

 

Matabeleland North’s strongest showing came in athletics, where the province secured five gold medals and 10 bronze medals.

 

A standout performer was Ashton Ndlovu of Hwange District’s Chamabondo Primary School, who won three gold medals in the Under-14 boys’ 100m, 200m and 400m races.

 

Another gold medal came from Mbuewa Sisasenkosi of Dundubala Primary School in Umguza, who won the Under-13 girls’ 800m race.

 

The fifth gold medal was secured in the Under-13 boys’ 4x100m relay.

 

Chess team shows promise

 

In chess, Matabeleland North fielded eight players across Under-8, Under-12 and Under-14 categories.

 

The province recorded its best results in the Under-8 category, where Philip Ndlovu of Sigonda Primary School in Nkayi won gold, while Prudence from Mathe Primary School in Tsholotsho secured a silver medal.

 

The results earned the province an overall silver medal and a trophy in the Under-8 category.

 

“We see a lot of potential in the Under-8 category and we believe we can build on that,” said Mudimba.

 

Struggles in drummies and physical education

However, the province faced challenges in other disciplines.

 

The drummies team, finished ninth out of 10 provinces.

 

Physical education, represented by David Livingstone Primary School in Umguza, also underperformed, finishing seventh.

 

“We didn’t do very well in drummies and physical education, but these are areas we are still developing and we hope to improve going forward,”Mudimba said.

 

Call for resources

 

Mudimba attributed the weaker performance in some categories to limited resources.

 

“Our main challenge is resources, particularly financial support. We need to improve our preparations and displays, especially in physical education, before we can expect better results,” he said.

Top three overall winners

Harare
Mashonaland Central
Mashonaland West

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Three painted dogs killed along Hwange highway as conservationists raise alarm

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BY NOKUTHABA DLAMINI

Conservationists have raised fresh concern over wildlife safety along the busy Bulawayo–Victoria Falls highway after three endangered African wild dog were killed in separate incidents within a week.

In a statement, Painted Dog Conservation confirmed that two pups from the Umkhonto pack were struck and killed by a vehicle overnight within the Hwange landscape.

“We are heartbroken to share that two pups from the Umkhonto pack were killed overnight after being struck by a vehicle along the Bulawayo–Victoria Falls road,” the organisation said on Saturday.

The group said the pack had been safely escorted across a nearby road earlier, but is believed to have been disturbed by lions during the night, forcing them to move again toward the highway where the accident occurred.

“Despite constant monitoring and intervention, moments like this remind us how fragile their survival can be,” the organisation added.

The deaths bring to three the number of painted dogs killed along the same highway corridor in less than a week, with another animal reportedly struck closer to Victoria Falls.

Conservationists warned that the loss goes beyond individual animals, highlighting the species’ already fragile population.

“It’s not ‘just three dogs’. These three could have become alphas and been responsible for producing over 300 dogs through their offspring and subsequent generations,” the statement read.

Highway poses growing threat to wildlife

The Bulawayo–Victoria Falls road, which cuts through key wildlife areas including parts of Hwange National Park, has long been flagged as a danger zone for animals.

The highway is a major tourism and freight route linking Bulawayo to Victoria Falls, carrying heavy traffic volumes that include haulage trucks, buses, and self-drive tourists—many travelling at high speeds, particularly at night.

Wildlife frequently crosses this corridor as it bisects natural habitats and migration routes, bringing animals such as elephants, lions and painted dogs into direct conflict with vehicles.

Conservation groups have repeatedly called for stricter enforcement of speed limits, improved signage, and traffic calming measures in wildlife zones, especially at night when visibility is poor and animal movement increases.

Calls for action

Painted Dog Conservation urged motorists to slow down and remain vigilant when driving through wildlife areas.

“We urge all road users to slow down—especially at night—and call on authorities to strengthen and enforce speed reduction measures in wildlife areas. Their survival depends on it.”

The deaths come amid growing concern over human-wildlife conflict in Matabeleland North, where expanding infrastructure and traffic volumes continue to put pressure on endangered species.

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In the community

MPs question poor radio, TV coverage in Mat North

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BY STAFF REPORTER 

Concerns over limited access to national broadcasting services in Matabeleland North Province were raised in Parliament.

MP Discent Bajila of Emakhandeni-Luveve constituency asked the Minister of Information, Publicity and Broadcasting Services:

“To explain why national radio and television coverage remains poor or non-existent in parts of Gokwe North District, Matabeleland North Province, Matabeleland South Province, and nearby districts, and to indicate whether there are any digital signal expansion plans in place before 2026.” 

In a separate question, Joseph Bonda for Hwange East Constituency raised concern over weather information gaps in Hwange:

“Why the weather forecast for Hwange is not broadcast, given that it is a resort with municipal status and significant business activities.” 

No responses were recorded.

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