Zimbabwe Bank Payments Disrupted by Outage That Hit Central Bank
The Reserve Bank of Zimbabwe tower in Harare, Zimbabwe.
Photographer: Waldo Swiegers/Bloomberg
Zimbabwean banks reported widespread disruption to a widely-used payment channel, after the central bank experienced a network problem that it is trying to fix.
Lender’s including the Central African Building Society Ltd., the nation’s largest mortgage lender and a unit of South African insurer Old Mutual Ltd., advised clients Tuesday that the real-time gross settlement platform was down.