Authorised Dealers

Tetrad Investment Bank Limited

Head Office
Arundel Office Park,
1st Floor, Building 5, Norfolk Road,
Mount Pleasant,
Harare,
Zimbabwe
Telephone: 704271-5, 338401-6, 369076/9, 369080-3/86, 369090-4
Fax: +263 4 338400
Telex: +263772 470600-3

Website: www.tetrad.co.zw

Postal Address
Arundel Office Park,
1st Floor, Building 5, Norfolk Road,
Mount Pleasant,
Harare,
Zimbabwe

Type of bank: Merchant Bank

Date of establishment: 1996

History

  • Tetrad Investment Bank Limited was incorporated on 12 June 1995 as Tetrad Securities Limited under registration number 3994/95.
  • The institution commenced operations in 1996 after obtaining a licence to operate as a discount house in terms of the Banking Act [Chapter 24:20].
  • Tetrad Securities Limited’s discount house licence was converted to a merchant banking licence on 6 March 2009.

 

Ownership: Wholly owned subsidiary of Tetrad Holdings Limited

Chairman: Audrey Chatikobo (Resigned effective 2 July 2014)

Chief Executive Officer: (Acting) Eugene Mlambo

Auditors : Deloitte Chartered Accountants

Number of employees: 108

Number of branches : 5

The Small and Medium Enterprises Development Corporation (SMEDCO)

Head Office
SEDCO House,
170 Chinhoyi Street,
Harare,
Zimbabwe
Telephone: (263-4) 792821- 4
Fax: (263-4) 796228,
Postal Address: Box 4250, Harare, Zimbabwe

Website: www.sedco.co.zw

Type of Bank: Development Finance Institution

Date of Establishment: 1983

History

The Small and Medium Enterprises Development Corporation (SMEDCO) was formed in 1983 through an Act of Parliament and is a parastatal which falls under the Ministry of Small and Medium Enterprises and Co-operative Development. The organization began operations in April 1984. The institution changed its name from Small Enterprises Development Corporation (SEDCO) to Small and Medium Enterprises Development Corporation (SMEDCO) following amendments to the SME Act in February 2014. SMEDCO is a development finance institution which primarily exists to promote the development of micro, small and medium enterprises, and cooperatives in the country, through lending and capacity building.

Ownership:

100% owned by the Government of Zimbabwe

Chairman: Professor Kingston. T. Kajese

Chief Executive Officer: Mrs. Gladys Kanyongo

Auditors : Comptroller and Auditor General

Number of employees: 50

Number of branches : 6

ZB Bank Limited

Head Office
ZB House,
46 Speke Avenue,
Harare,
Zimbabwe
Telephone: +263- 4 -757471-94, 775560, 756781
Fax: +236-4-751741
Telex: n/a

Website: www.zb.co.zw

Postal Address
P. O. Box 3198.
Harare
Zimbabwe

Type of bank: Commercial

Date of establishment: 1951

History

  • ZB Bank has its origins in Netherlands Bank of South Africa which commenced banking operations in 1951. These operations were sold to the Netherlands Bank of Rhodesia in August 1967 and the company changed its name to Rhodesia Banking Corporation Limited in 1972 and then Rhobank in 1979. After the acquisition of a majority shareholding in the company by the Government of Zimbabwe in 1981, the company changed its name to Zimbabwe Banking Corporation Limited
  • The Bank became a subsidiary of Zimbabwe Financial Holdings Limited (FINHOLD) in 1992 following a restructuring of operations in which non-banking operations were removed from the Bank. The bank was renamed ZB Bank Limited in 2006 following the adoption of a monolithic brand by the group.

Ownership: ZB Bank is a wholly owned subsidiary of ZB Financial Holdings Limited (ZBFH)

Chairman: Mr. Stanford A. Sibanda

Managing Director: Mr. George Nheweyembwa

Auditors : KPMG Chartered Accountants

Number of employees: 631

Number of branches : 47

ZB BUILDING SOCIETY

Head Office
Finsure House,
Corner Sam Nujoma Street/ Kwame Nkrumah Avenue,
Harare,
Zimbabwe
Telephone: 252 966-78/ 250 232/ 253 009/ 252960
Fax: 702233
Telex: N/A

Website: www.zbbs.co.zw

Postal Address
P. O. Box 2594,
Harare,
Zimbabwe

Type of bank: Building society

Date of establishment: 1961

History

  • ZB Building Society was incorporated in Zimbabwe in 1961 as Founders Building Society and received its Certificate of Registration on 1 July 1961. The institution changed its name from Founders to Intermarket Building Society on 1 October 2002.
  • It was placed under curatorship on 11 March 2004 and was later lifted on 31 July 2005. ZBFHL acquired Intermarket Building Society in 2006 through buying off the equity held by the RBZ in Intermarket Building Society, following a debt equity swap after the institution failed to repay the liquidity support extended to it under the Troubled Banks Fund.
  • Intermarket Building Society changed its name to ZB Building Society in September 2008.
  • There is a pending court application brought by Transnational Holdings Limited challenging the acquisition of Intermarket Building Society by ZB Holdings Limited (ZBHL).

 

Ownership

  • ZB Building Society is owned by Intermarket Holdings Limited (58.76%),
  • ZB Life (16.33),
  • Zimnat Investment Corporation Limited (13.11%),
  • CGU Insurance (6.51%).

Chairman: Thamsang B. Mpofu

Acting Managing Director: Mrs. Emma Mungoni

Auditors : KPMG Chartered Accountants

Number of employees: 39

Number of branches : 19