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5MW plant commissioned at Mutirikwi Dam
A major step forward in Zimbabwe's energy sector was made on Saturday with the commissioning of a five-megawatt hydropower project at Mutirikwi Dam. The plant, a collaboration between local and foreig...Published: 21 Nov 2024 at 06:30hrs | 303 | by Staff reporter
Zimpricecheck wins fourth Value Creation Challenge
Garikai Dzoma of Zimpricecheck won the 2024 Value Creation Challenge, beating 11 other finalists in a competition for budding entrepreneurs at the finale last Friday, winning US$13 000 in total seed f...Published: 08 Oct 2024 at 17:07hrs | 143 | by Staff Reporter
Zimbabweans prepare more for death than life
Zimbabweans prepare more for death than life with 76% of all insurance taken being funeral policies, Old Mutual Zimbabwe Group CEO, Samuel Matsekete has said.The uptake of life policies is low...Published: 11 Mar 2024 at 07:34hrs | 1 | by Staff reporter
10 entrepreneurs make innovation challenge final list
Ten budding young entrepreneurs have made it through to the incubation stage of the third edition of the Value Creation Challenge, after a record 533 applicants this year, organisers said.This...Published: 08 Nov 2023 at 14:20hrs | 17 | by Paul Ndou
Old Mutual announces 2nd financial literacy kids Bootcamp
Old Mutual Zimbabwe has announced that it will be running the 2nd edition of the highly anticipated Kids Financial Education Bootcamp dubbed $mart Money Kids for a Brighter Tomorrow.This immer...Published: 12 Oct 2023 at 21:38hrs | 1 | by Paul Ndou
O'mari takes on EcoCash
FINANCIAL services giant, Old Mutual Zimbabwe Limited (OMZL), through Old Mutual Digital Services (OMDS), has launched O'mari, a business unit that will provide mobile money services, insurtech, inves...Published: 26 May 2023 at 06:37hrs | | by Staff reporter
Old Mutual deploys US$108 million worth of loans in Zimbabwe
Zimbabwe's largest financial services group, Old Mutual Zimbabwe, has deployed US$108m loans to different sectors of the economy.The deployment was done by the group's banking unit, CABS, CEO ...Published: 08 Apr 2023 at 18:36hrs | 3 | by Staff reporter
FNB of South Africa plus 4 other investors vie for Standard Chartered Bank Zimbabwe?
THE proposed takeover of Standard Chartered Bank Zimbabwe (StanChart), the country's oldest financial institution, has moved a gear up after five prospective investors including local and regional ent...Published: 21 Jan 2023 at 11:25hrs | 13 | by Staff reporter
Old Mutual rallies re-engagement efforts
FINANCIAL services provider, Old Mutual Holdings has implored relevant authorities to continue with international re-engagement efforts to attain healthier relations with international financial marke...Published: 05 Sep 2021 at 06:53hrs | | by Nobleman Runyanga
Old Mutual Zimbabwe pours US$12.4 million into solar projects in Zimbabwe
Old Mutual Zimbabwe has poured US$12.4 million (over R188 million) into solar projects around the country, which will generate a combined 25 MW upon completion.The Zimbabwe economy has been st...Published: 23 Aug 2021 at 19:22hrs | 1 | by Staff reporter
Mthuli Ncube courts US investors
Finance and Economic Development Minister Mthuli Ncube last week conducted a virtual investor roadshow with United States of America investors.The virtual meeting, which was hosted by Washingt...Published: 27 May 2021 at 22:20hrs | | by Staff reporter
Old Mutual sees ‘green shoots' in Zimbabwe
THE head of Old Mutual Zimbabwe says there are green shoots appearing in the economy after the devastation of a severe drought and the coronavirus pandemic."There are good signs emerging in ec...Published: 26 Feb 2021 at 06:54hrs | 8 | by Staff reporter
First Capital Bank to focus on growing lending book
First Capital Bank Limited Zimbabwe will focus on aggressive lending going forward to grow its net interest income, its managing director Samuel Matsekete has said.On Tuesday, the bank started...Published: 15 Oct 2018 at 06:29hrs | 1 | by Staff reporter
First Capital Bank lists on ZSE
First Capital Bank (FCB) yesterday relisted on the ZSE after it changed its name from Barclays Bank of Zimbabwe. Samuel Matsekete, the FCB Chief Executive said both Barclays and FMB were commi...Published: 09 Oct 2018 at 07:32hrs | | by Staff reporter
Barclays Zimbabwe to operate under dual brand by October
BARCLAYS Bank of Zimbabwe is reportedly going to start operating under a dual brand by October 2018. This follows its acquisition by FMB Malawi in 2017 (last year).According to The Source,...Published: 04 Jun 2018 at 07:09hrs | | by Staff Reporter
ZSE stocks continue to fall unabated
THE weakness on the Zimbabwe Stock Exchange persisted last week with all four indices closing in the negative territory as panic increases due to inflation fears work their way out.At the clos...Published: 22 Jan 2018 at 05:10hrs | | by Staff reporter
Guvamatanga quits Barclays
BARCLAYS Bank Zimbabwe managing director Mr George Guvamatanga has quit the organisation after 28 years of service.In a statement yesterday, chairman, Mr Antony Mandiwanza, said Mr Guvamatanga...Published: 12 Dec 2017 at 05:21hrs | | by Staff reporter
Man commits suicide over rape allegations
A 32- year-old Chimanimani man, Edmore Matsekete, hanged himself to death after he could not take pressure from people who were allegedly accusing him of raping a 10-year-old girl. Police have confirm...Published: 17 Nov 2017 at 08:23hrs | | by Staff reporter
Barclays boots out Guvamatanga
Barclays Bank Zimbabwe has forced out its managing director George Guvamatanga, sending him packing with a modest $354,000 exit package as the new majority shareholder First Merchant Bank of Malawi fl...Published: 10 Nov 2017 at 06:01hrs | | by Staf reporter
Barclays Zimbabwe reports improved results for 2011
Barclays Bank of Zimbabwe reported a profit of $1.4 million for 2011 after a loss the previous year, Chief Financial Officer Sam Matsekete said.The bank received $7.7 million in "special supp...Published: 29 Feb 2012 at 14:52hrs | | by Bloomberg
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