AFC Bank rocked by BAD DEBT crisis as non-performing loans soar to 9.25%
By Marshall Bwanya HARARE — AFC Commercial Bank’s non-performing loans rose to 9.25% at the end of 2025, almost double the recommended banking sector threshold, raising concerns over the lender’s credit risk controls, Auditor-General Vimbai Chikwenhere has found. Chikwenhere, however, issued an unmodified, or clean, opinion on the bank’s financial statements for the year ended December […]
AG disowns Gweru City accounts over ZWG1.29bn suspense balance
By Victor Fanuel GWERU — Auditor-General Vimbai Chikwenhere has refused to express an opinion on Gweru City Council’s (GCC), 2024 financial statements after uncovering widespread accounting failures, missing records and unexplained financial variances, including an unresolved ZWG1.29 billion suspense balance. The disclaimer of opinion — the most severe audit finding — means auditors could not […]