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“Tax on Poverty”: Banks in Zimbabwe exploiting the poor with inquiry charges

Jul 27, 2025
Harare, Zimbabwe, 7 October 2015. A street scene showing a woman carrying her luggage on her head whilst walking along a street. — Photo by Maboss283 via DepositPhotos.com

HARARE – Poor Zimbabweans, heavily reliant on mobile banking and traditional financial services for their daily transactions, are facing a “hidden burden” as “exploitative” charges for simple balance inquiries erode their already stretched incomes and undermine efforts to promote financial inclusion in the country.

The post “Tax on Poverty”: Banks in Zimbabwe exploiting the poor with inquiry charges appeared first on Nehanda Radio.

Source: Nehandaradio

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