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First Mutual Holdings suffers US$27 million loss
Financial services group First Mutual Holdings Limited (FMHL) has reported a significant after-tax loss of US$27.11 million for the financial year ended December 31, 2024, reversing the previous year'...Published: 02 Jul 2025 at 12:05hrs | 229 | by Staff reporter
Fresh details on collapsed US$2,5bn CBZ bid emerge
An ambitious plan by CBZ Holdings to create Zimbabwe's largest financial services powerhouse has collapsed after the Competition and Tariff Commission (CTC) imposed a series of restrictive conditions ...Published: 20 Jun 2025 at 17:36hrs | 186 | by Staff reporter
Zimbabwe education system hiccups under spotlight
The curtain fell on the third edition of the National Education Conference and Expo (NECE) on Friday, leaving a strong message: conference resolutions must now translate into concrete actions to bring...Published: 01 Jun 2025 at 15:01hrs | 285 | by Staff reporter
Zimbabwe's pension crisis: Full compensation for 2008 losses may take 100 years
Zimbabwe's pension funds have sounded the alarm over their inability to compensate retirees who lost their life savings during the 2008 economic collapse, warning that, at current fund levels, full re...Published: 30 May 2025 at 12:08hrs | 244 | by Staff reporter
Zimbabwe govt owes Zisco pensioners US$38 million
The Ministry of Finance, Economic Development and Investment Promotion is reportedly in arrears of US$38.7 million owed to former ZiscoSteel workers, according to a damning report by Parliament's Port...Published: 15 May 2025 at 09:17hrs | 206 | by Staff reporter
Zimbabwe invents herbal antivenom
In a potentially life-saving scientific breakthrough, Chinhoyi University of Technology (CUT) has made significant progress in the development of a herbal-based polyvalent antivenom, with promising pr...Published: 06 May 2025 at 08:41hrs | 435 | by Staff reporter
Zimbabwe adapts to use technology in agriculture
Zimbabwe is rapidly transforming its agricultural sector through the adoption of agritech and climate-smart solutions as it works to combat the effects of climate change, improve yields, and reclaim i...Published: 06 May 2025 at 08:40hrs | 170 | by Staff reporter
Corporates leaving CBD in favour of suburbs - First Mutual
First Mutual Property (FMP) has reported a notable migration of corporate tenants from Harare's Central Business District (CBD) to suburban office locations, citing increased convenience and improved ...Published: 06 May 2025 at 08:39hrs | 273 | by Staff reporter
Rental income dominates First Mutual Properties revenue
First Mutual Properties (FMP) says rental income remains its primary source of revenue, with the property investment firm intensifying efforts to diversify both its tenant base and portfolio to streng...Published: 05 May 2025 at 15:56hrs | 88 | by Staff reporter
Former Zimbabwe Stock Exchange boss dies
Former Zimbabwe Stock Exchange (ZSE) chairman and revered stockbroker Ndodana Mguquka has died. He was 51.Mguquka passed away in the early hours of the morning at Samuel Leon Medical Centre in...Published: 02 May 2025 at 16:57hrs | 2163 | by Staff reporter
CBZ blocked from increasing FMHL stake
CBZ Holdings has confirmed that it will not proceed with its planned buyout of minority shareholders in First Mutual Holdings Limited (FMHL), following a decision by the Competition and Tariff Commiss...Published: 10 Dec 2024 at 06:52hrs | 211 | by Staff reporter
Livestock farmers bemoan delayed rains
Livestock farmers across Beitbridge district are voicing their concerns over the delayed start of the rainy season, which has disrupted grazing patterns and severely affected the health of their lives...Published: 11 Nov 2024 at 11:35hrs | 534 | by Staff reporter
Chinhoyi's Varsity Heights bowls over Mnangagwa
President Emmerson Mnangagwa has reaffirmed the government's dedication to creating an inclusive learning environment that meets the diverse needs of students across Zimbabwe. His remarks came during ...Published: 07 Oct 2024 at 10:14hrs | 2751 | by Staff reporter
Kudenga, Masunda bid to grab Oliver Chidawu's estate flops
Attempts by chartered accountant Ngoni Kudenga and former Harare Mayor Muchadeyi Masunda to grab late former Harare Metropolitan Affairs and Devolution minister Oliver Chidawu's estate have been stopp...Published: 05 Oct 2024 at 12:09hrs | 651 | by Staff reporter
Tagwirei-linked firm in Zisco 'asset stripping orgy'
The much-hyped takeover of the Zimbabwe Iron and Steel Company (Zisco) by Kuvimba Mining House has failed to change the fortunes of the steelmaker amid allegations that the firm linked to businessman ...Published: 31 Mar 2024 at 15:20hrs | 2 | by Staff reporter
FML bosses fleece policyholders
FIRST Mutual Life Assurance (FML) managers set up an employee mortgage scheme and an employee staff loan scheme without the knowledge of the board, resulting in policyholders being prejudiced of more ...Published: 21 Mar 2024 at 19:45hrs | 2 | by Staff reporter
First mutual robs client
Dear Editor,...Published: 09 Mar 2024 at 13:21hrs | 18 | by Chikaraito Sithole
CBZ opens Johannesburg office
CBZ Bank Limited, a wholly-owned subsidiary of the diversified and listed financial services group CBZ Holdings (CBZH), has opened a new office in Sandton, Johannesburg, South Africa.CBZH prov...Published: 12 Feb 2024 at 13:53hrs | 24 | by Staff reporter
Foreign investors ditch Zimbabwe capital markets
FOREIGN investors continue to lower their interest on the local capital markets, with investor participation on annual value traded averaging 3%, due to policy inconsistency and inflation, leading res...Published: 30 Jan 2024 at 07:47hrs | 2 | by Staff reporter
Mnangagwa tightens his grip on levers of Zimbabwe's Treasury
WITH his close business ally John Muyashavanhu now confirmed as the incoming Reserve Bank of Zimbabwe (RBZ) governor, George Guvamatanga as Finance permanent secretary — chief accounting officer of ...Published: 12 Dec 2023 at 17:58hrs | 4 | by Staff reporter
Financial services group partners with government to enhance healthcare access in Bulawayo
In a notable initiative towards improving healthcare accessibility, a local financial services group collaborated with the government to host a two-day free medical health camp and officially open a c...Published: 11 Dec 2023 at 16:45hrs | 38 | by Staff Reporter
NSSA is a vehicle for enriching the powerful whilst exploiting the poor!
I already knew that Zimbabwe was hell and a living nightmare for the vast majority of the ordinary citizenry.I was also fully aware that the powerful were the only ones getting richer and rich...Published: 15 Oct 2023 at 09:49hrs | 1 | by Tendai Ruben Mbofana
CBZ close to ZB takeover
CBZ Holdings Limited (CBZHL) is on the verge of acquiring a controlling stake in ZB Financial Holdings Limited (ZBFHL) as part of its strategy to become a significant player in the financial services ...Published: 14 Sep 2023 at 06:34hrs | 15 | by Staff reporter
Rogue traffic enforcers undermining business in Zimbabwe
FORMERLY known as an opulent suburb, Harare's Borrowdale area is gradually transforming into a commercial hub, not only for the city but the entire Zimbabwe.With its peace and flamboyance, Bor...Published: 23 Jul 2023 at 08:34hrs | 3 | by Staff reporter
Master of High Court opens offices in Gweru
The Master of High Court of Zimbabwe is opening offices in Gweru in a bid to decentralize services and ensure convenience and ease access to the public.The offices will open their doors to the...Published: 16 Jun 2023 at 15:18hrs | | by Staff reporter
NUST wins CFA Institute Research Challenge
A team from the National University of Science and Technology (NUST) has won the local competition of the CFA Institute Research Challenge after beating teams drawn from seven other local universities...Published: 04 Mar 2023 at 10:24hrs | 34 | by Staff reporter
Parking fees too high for Bulawayo'
BULAWAYO businesses and residents associations have insisted that fees under the new parking system implemented by the Bulawayo City Council (BCC) in partnership with the privately-owned company Tendy...Published: 07 Sep 2022 at 06:40hrs | 5 | by Staff reporter
Mnangagwa's govt stripping assets, claims MPs
LEGISLATORS have accused the Executive of systematically stripping the country of its valuable assets and selling them through opaque deals, which observers say smells of deep-rooted corruption and pl...Published: 30 Aug 2022 at 06:35hrs | 1 | by Staff reporter
EcoCash brings more convenience for its users, unveils new bill management service
EcoCash has introduced 'EcoCash Bill Manager', a new service that brings more convenience for its users and simplifies how EcoCash customers manage their bill payments to different service providers, ...Published: 01 Jul 2022 at 04:42hrs | 20 | by Agencies
Zimdollar medical aid cards rejected
Thousands of patients have been left stranded after private health institutions started rejecting medical policies paid in local currency.Private medical practitioners rejecting medical aid fa...Published: 22 May 2022 at 19:22hrs | 8 | by Staff reporter
Value project promotes access to finance for small, medium pork producers
The VALUE project is promoting access to finance for value chain upgrading for small and medium scale pork producers in 8 districts where the project is operational.This is revealed in the lat...Published: 27 Apr 2022 at 12:53hrs | 28 | by Stephen Jakes
CBD parking fees furore escalates
THE public backlash against the Bulawayo City Council's contentious parking management system in the city centre continues to escalate with more residents blasting council for failure to adequately co...Published: 22 Mar 2022 at 05:44hrs | | by Staff reporter
'Mnangagwa's radical policy shift blew away US$500m potential revenue'
RADICAL policy shifts a year into President Emmerson Mnangagwa's administration have wiped a staggering US$500 million in potential investments out of Zimbabwe, new data predicting an escalation of he...Published: 16 Feb 2022 at 05:35hrs | 13 | by Staff reporter
Marc Holtzman: His axis with Mnangagwa and CBZ Bank
ON Monday last week - 15 November - Zimbabwean President Emmerson Mnangagwa travelled with a delegation of senior government officials and top business executives to the Intra-African Trade Fair in Du...Published: 27 Nov 2021 at 16:54hrs | 21 | by Staff reporter
Bankers plan to establish a new financial behemoth
ON 3 September 2021, The NewsHawks exclusively published a story that government, bankers and investors, including local business tycoon Kudakwashe Tagwirei, are working on a plan to create the bigges...Published: 13 Nov 2021 at 17:45hrs | 13 | by Staff reporter
CBZ swoops on FML shares as new financial group emerges
CBZ Holdings, currently trading under cautionary, has secured a 31.22% stake in First Mutual Holdings Limited (FML), paving the way for the creation of a US$2.5 billion financial behemoth to rival Old...Published: 13 Nov 2021 at 17:38hrs | 14 | by Staff reporter
Icaz CEO quits
INSTITUTE of Chartered Accountants of Zimbabwe (Icaz) chief executive officer (CEO), Gloria Zvaravanhu will leave her role at the end of this year, NewsDay Business reported.In a circular sent...Published: 03 Nov 2021 at 05:23hrs | 1 | by Staff reporter
Biti claims that proposed bank mergers illegal
FORMER Finance minister Tendai Biti, who is also a former chairperson of the National Assembly's Public Accounts Committee, said the proposed mergers of financial institutions involving government ent...Published: 18 Sep 2021 at 19:34hrs | 2 | by Staff reporter
Govt mulls merger of six banks into three entities
A PROPOSAL to merge six financial institutions into three big ones is being considered by the Zimbabwean government, in a different consolidation process from the CBZ Holdings, ZB Financial Holdings, ...Published: 10 Sep 2021 at 18:53hrs | 11 | by Staff reporter
BAT rated best ZSE counter
BRITISH American Tobacco (BAT ) Zimbabwe has been rated the top counter on both the Zimbabwe Stock Exchange (ZSE)'s top 10 and 15 indexes for the second quarter of 2021.BAT's rating was announ...Published: 12 Apr 2021 at 07:08hrs | 11 | by Staff reporter
Govt acts to avert third wave
AUTHORITIES are concerned about high levels of complacency being displayed by the generality of Zimbabweans since the relaxation of Covid-19 regulations and could reintroduce tighter restrictions and ...Published: 14 Mar 2021 at 06:06hrs | 2 | by Staff reporter
Medical aid societies hike fees
Zimbabweans seeking health care will have to fork out more for health insurance as medical aid societies have hiked contributions over the last few months for members paying in local currency. ...Published: 11 Mar 2021 at 06:13hrs | 1 | by Staff reporter
Car hire deal turns nasty
AN accountant at First Mutual Funeral Services was allegedly conned a car by one of his clients, who had hired it out to conduct her daily routine activities.Chenjerai Job Chikwangwani (31), o...Published: 10 Feb 2021 at 14:52hrs | | by Staff reporter
Fuel, mines and banks the Tagwirei method
TAGWIREI has built up his wealth in large part through a long-standing partnership with major commodities trader Trafigura, which has been trying to distance its operations from him as he faces intern...Published: 10 Feb 2021 at 06:23hrs | 2 | by Staff reporter
Zisco pensioners getting $25 per month
FORMER employees of the now-defunct Zimbabwe Iron and Steel Company (Zisco) are being paid $25 per month as pension on retirement, NewsDay reported.The pensioners who spoke to NewsDay said the...Published: 22 Jan 2021 at 06:38hrs | 9 | by Staff reporter
NSSA to dispose of FML, Turnall stakes
The National Social Security Authority is set to dispose part of its shareholding in First Mutual Holdings Limited and to divest from Turnall Holdings as part of its investment refocus strategy which ...Published: 15 Jan 2021 at 10:18hrs | 2 | by Staff reporter
Big brands troop into Victoria Falls facility
A STRING of the country's big brands, including fast food outlets, has stampeded into Zimre Property Investments' Sawanga Mall in Victoria Falls, helping the top end real estate gem notch 95% occupanc...Published: 28 Dec 2020 at 07:32hrs | 2 | by Staff reporter
Zimnat's Farai Gwaka elected AIMZ chairman
Zimnat Asset Management's Farai Gwaka was elected chairman of AIMZ for the coming year, taking over from ABC Asset Management's Jubelah Magutakuona, who has held the post for two terms. H...Published: 15 Dec 2020 at 11:30hrs | 3 | by Staff reporter
'Rushwaya gold could buy UniFreight, Zeco'
THE gold that underfire Zimbabwe Miners' Federation (ZMF) boss Henrietta Rushwaya allegedly tried to smuggle out of the country before running into an airport security trap about three weeks ago was e...Published: 14 Nov 2020 at 21:20hrs | 1 | by Staff reporter
FML taken to court over ex-worker's benefits
FIRST Mutual Life Assurance (FMLA) has approached the High Court with an application for review following a dismissal of its application which sought to challenge the criminal charges preferred agains...Published: 04 Sep 2019 at 08:36hrs | 1 | by Staff reporter
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