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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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Zimbabwe fast-tracks approval of long-acting HIV prevention drug Lenacapavir

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BY WANDILE TSHUMA

Zimbabwe has taken a major step in the fight against HIV following the rapid approval of Lenacapavir, a groundbreaking long-acting injectable for HIV pre-exposure prophylaxis (PrEP). The Medicines Control Authority of Zimbabwe (MCAZ) authorised the drug in just 23 days, marking one of the fastest regulatory approvals in the country’s history.

The application, submitted by pharmaceutical company Gilead Sciences in October, underwent an expedited review because of its public health importance. MCAZ says the fast-tracked process did not compromise scientific scrutiny, with the product subjected to a rigorous assessment of its safety, efficacy and quality.

Lenacapavir is designed for adults and adolescents weighing at least 35kg who are HIV-negative but at substantial risk of infection. Unlike traditional daily oral PrEP, the medicine is administered as a six-monthly injection, following an initiation phase that includes one injection and oral tablets on Days 1 and 2. Health authorities say this long-acting formulation could dramatically improve adherence and expand prevention options, particularly for communities where daily pill-taking is difficult.

MCAZ Director-General  Richard T. Rukwata described the approval as a landmark moment in Zimbabwe’s HIV response.

“The rapid approval of Lenacapavir reflects MCAZ’s dedication to accelerating access to trusted, high-quality health products. This milestone brings new hope for HIV prevention and reinforces our commitment to safeguarding public health,” he said.

To fast-track the process, the Authority applied a regulatory reliance approach, drawing on scientific assessments from the World Health Organization’s Prequalification Programme (WHO PQ). This allowed evaluators to build on internationally recognised review processes while ensuring Zimbabwe’s own standards were met.

The introduction of Lenacapavir comes as Zimbabwe continues efforts to reduce new HIV infections, particularly among young people and key populations who face barriers to consistent PrEP use. Public health experts say the drug’s twice-yearly dosing could be a game changer in improving uptake and protection.

MCAZ says it remains committed to ensuring Zimbabweans have access to safe, effective and good-quality medical products, in line with its mandate under the Medicines and Allied Substances Control Act.

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Zimbabwe makes gains against TB

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BY WANDILE TSHUMA

The World Health Organization (WHO) data show that Zimbabwe continues to make measurable gains in its fight against tuberculosis (TB).

According to the Global Tuberculosis Report 2025, Zimbabwe’s estimated TB incidence has declined to 203 per 100,000 population, representing a 3.8 % reduction from 2023. The report states that “TB incidence in Zimbabwe has fallen to 203 per 100 000, a 3.8 % reduction from 2023.” 

On treatment outcomes, the country’s overall success rate for all forms of TB has improved to 91 %, up from 89 % in 2023. The report quotes: “Treatment success for all forms of TB has improved to 91 %, up from 89 % in 2023.” 

For drug-resistant TB (DR-TB), progress has also been recorded: treatment success rose from 64 % for the 2021 cohort to 68 % for the 2022 cohort. As the report notes: “treatment success for drug-resistant TB increased from 64 % for the 2021 cohort to 68 % for the 2022 cohort.” 

In the critical sphere of TB‐HIV co-infection, Zimbabwe saw a drop in the co‐infection rate to 49 %, down from 51 %. The report states: “TB/HIV co-infection rates have fallen to 49 %, down from 51 %.” 

Zooming out, the 2025 global report shows that across the world TB is falling again, although not yet at the pace required to meet targets. Globally, incidence declined by almost 2 % between 2023 and 2024, and deaths fell around 3 %. 

However, the report warns that progress is fragile. Funding shortfalls, health-system disruptions (especially during the COVID-19 era), and the ongoing challenge of drug-resistant TB threaten to erode gains. The WHO page reminds that the 2025 edition “provides a comprehensive … assessment of the TB epidemic … at global, regional and country levels.” 

For example, although more people are being diagnosed and treated than in previous years, not enough are being reached with preventive interventions, and many countries are still far from the targets set under the End TB Strategy.

 

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Zimbabwe pushes youth-centred, rights-based, and community-driven reforms ahead of CITES CoP20

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BY NOKUTHABA DLAMINI 

As the world prepares for the 20th Conference of the Parties (CoP20) to the Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES), Zimbabwe has outlined a bold and comprehensive policy agenda that shifts global discussions beyond ivory and toward broader issues of sustainable use, human rights, and community empowerment.

In an exclusive interview with VicFallsLive, Dr. Agrippa Sora, board chairman of the Zimbabwe Parks and Wildlife Management Authority (ZimParks), said the country’s proposals are anchored on a simple but transformative message: wildlife conservation must deliver real benefits to the people living with wildlife.

Key proposals Zimbabwe taking to CITES CoP20

1. Commercial trade in elephant leather products

Zimbabwe is pushing for approval to engage in regulated commercial trade in elephant leather products. Authorities argue that this form of value addition can bring economic gains to local communities, promote sustainable use, and reduce reliance on donor funding.

2. A formal voice for communities within CITES

Zimbabwe is advocating for the establishment of an Advisory Body or Community Forum within CITES, ensuring that the voices of rural people—who coexist with wildlife—formally shape decisions on international trade, conservation restrictions, and benefit-sharing.

This push echoes one of the founding principles of CITES, which acknowledges that “peoples and States are and should be the best protectors of their own wild fauna and flora.”

3. Recognition of human rights within conservation governance

Zimbabwe’s delegation wants CoP20 to acknowledge the human rights dimensions of conservation—particularly:

  • The right to safety for communities facing human–wildlife conflict
  • The right to food security
  • The right to benefit from natural resources within their landscapes

For Zimbabwe, these rights are inseparable from wildlife management.

Moving beyond ivory: A broader view of sustainable use

Dr. Sora emphasized that Zimbabwe does not want the CoP20 debate to be reduced to ivory.

Zimbabwe argues that without these broader interventions, the conservation model remains unbalanced—protecting wildlife while leaving the people who live among it trapped in poverty

Youth at the centre of the conservation agenda

One of the strongest themes in Zimbabwe’s CoP20 position is youth empowerment, an area Dr. Sora said is now central to national conservation policy.

“Zimbabwe is supporting the Youth Ethnic Conservation Agenda, and we want to continue empowering young people,” Dr. Sora said.

“These are young people who travel long distances between villages and shopping centres, often unaware of wildlife incidents happening around them.”

He revealed that Zimbabwe has approved the establishment of a national chapter of the CITES Rural Youth Network, a platform designed to give young rural citizens a voice in global conservation decision-making.

Dr. Sora said young people—often traveling long distances between villages and service centres—are the first responders to wildlife encounters, yet are rarely included in policy processes.

“Their inclusion is critical for awareness, safety, and community resilience,” he said.

A rights-based approach linked to national priorities

Dr. Sora linked Zimbabwe’s CITES proposals to the country’s National Development Strategy (NDS2), which prioritises poverty eradication.

“We want to ensure that communities living within wildlife landscapes receive meaningful support and benefits from the natural resources around them,” he said.

This includes promoting value addition—for example, crafting products from elephant leather—and enabling community enterprises tied to legal wildlife products.

“We are promoting opportunities for value addition so that communities can benefit economically from the wildlife with which they coexist.”

He added that the board is committed to transitioning youth from vulnerability to empowerment, ensuring access to education, business opportunities, and long-term livelihoods.

Unlocking finance through sustainable use

Zimbabwe also plans to push for financial mechanisms—particularly the sustainable use of existing wildlife stockpiles—to support community development.

“Our aim is to secure mechanisms that allow us to reinvest in these communities, strengthening their resilience and ensuring they thrive alongside wildlife.”

Zimbabwe argues that restrictive global trade rules deprive communities of funding that could improve safety, reduce human–wildlife conflict, and support conservation programs.

Zimbabwe’s position rooted in CITES founding principles

Zimbabwe’s proposals, Dr. Sora said, are consistent with the spirit of CITES itself.

The convention’s preamble affirms:

Wild fauna and flora are an irreplaceable part of the earth’s natural systems… Peoples and States are and should be the best protectors of their own wild fauna and flora… International cooperation is essential to prevent over-exploitation…

Zimbabwe believes that empowering communities, recognizing human rights, and enabling sustainable use are simply modern applications of these foundational principles.

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