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NMBZ finalises US$70m external credit lines
Zimbabwe Stock Exchange-listed financial services group NMBZ Holdings is on the verge of securing external lines of credit worth over US$70 million, as part of its broader strategy to unlock US$100 mi...Published: 19 May 2025 at 09:19hrs | 84 | by Staff reporter
NMBZ turns to Rabobank for agric financing
NMBZ Holdings Limited, a leading financial services group, has announced a strategic partnership with Rabobank, a Dutch multinational specializing in banking and financial services, to implement an en...Published: 19 Nov 2024 at 08:49hrs | 235 | by Staff reporter
NMBZ optimistic on ZiG inflation-easing impact
Listed financial services provider, NMBZ Holdings Limited, has expressed optimism about the inflation-easing impact of the new Zimbabwe Gold (ZiG) currency, following a 209% revenue increase in the fi...Published: 21 May 2024 at 08:27hrs | 2 | by Staff reporter
Blocked funds choke NMB
NMBZ Holdings Limited (NMB) registered US$13,4 million debt because of blocked funds with the central bank which it owes to various line of credit providers, it has been revealed.NMB's financi...Published: 18 Apr 2022 at 10:30hrs | 2 | by Staff reporter
NMBZ realises $705 million pre-tax profit
NMBZ Holdings realised a profit before taxation of ZWL 705 414 282 last year, in what the group's chairman, Mr Ben Chikwanha, described as a remarkable performance, despite the difficult operating env...Published: 07 Apr 2021 at 10:36hrs | 3 | by Agencies
Ex-top banker speaks on daring escape
NMBZ Holdings founder James Mushore has spoken of how he evaded arrest and fled to exile over a decade ago after being accused of externalising foreign currency.Mushore (JM) told Alpha Holding...Published: 07 Mar 2021 at 08:12hrs | 13 | by Staff reporter
NMBZ realises inflation adjusted half-year comprehensive income of $992 million
NMBZ Holdings, NMB Bank's holding company, realised an inflation adjusted total comprehensive income of ZWL992 251 893 in the six months to June 30 compared to ZWL703 127 345 in the same period last y...Published: 03 Sep 2020 at 18:52hrs | 1 | by Agencies
NMBZ records half-year profit before tax of $11,8 million
NMBZ Holdings, NMB Bank's holding company, recorded a profit before tax of $11 757 594 for the half-year ended June 30, 2018, resulting in total comprehensive income of $9 086 483.This was an ...Published: 28 Aug 2018 at 16:19hrs | 7 | by Agencies
NMBZ achieves $10 million after-tax profit
NMBZ Holdings' profit before taxation for the year ended 31 December 2017 was $13 017 690. Profit after tax was $9 938 826, an increase of 96 percent over last year's after-tax figure of $5 058 166....Published: 22 Mar 2018 at 14:42hrs | 1 | by Mike Hamilton
NMBZ records half-year profit before tax of $4,8 million
NMBZ Holdings, NMB Bank's holding company, recorded a profit before tax of $4 838 174 for the half-year ended June 30, 2017, resulting in total comprehensive income of $3 556 915.This was an i...Published: 23 Aug 2017 at 17:14hrs | 2 | by Agencies
NMBZ performing well, AGM told
NMBZ Holdings expects its June 30 half-year performance to be better than last year's and its 2017 performance to surpass that of 2016, barring a significant deterioration in the economy, its chief ex...Published: 24 May 2017 at 15:51hrs | | by Mike Hamilton
NMBZ achieves pre-tax profit of $6,2 million
NMBZ Holdings, NMB Bank's holding company, made a profit before taxation of $6 208 904 in the year ended 31 December 2016. Its banking subsidiary achieved a capital adequacy ratio of 23,3 perc...Published: 27 Mar 2017 at 14:26hrs | 3 | by Agencies
NMBZ records half-year before tax profit of $3,6 million
NMBZ Holdings, NMB Bank's holding company, recorded a profit before tax of $3,558 801 for the half-year ended June 30, 2016, resulting in an attributable profit of $2 640 274. The attributable...Published: 24 Aug 2016 at 13:20hrs | 2 | by Mike Hamilton
City of Harare, City of 'Actors'
The cameras will not stop rolling at Harare City Council, at least for now. The council is known for creating drama - at one point allowing its elected members to shower at Town House only to late...Published: 21 Aug 2016 at 08:57hrs | | by Staff reporter
Court set back for Mushore
The High Court has dismissed, with costs, Harare town clerk James Mushore's urgent chamber application seeking an order forcing acting mayor Councillor Chris Mbanga to unlock his office at Town House....Published: 28 Jun 2016 at 06:45hrs | 2 | by Court Reporter
Pepsi to set up multi-million plant in Zimbabwe
AN Indian billionaire planning to set up a multi-million dollar PepsiCo plant in the country visited Zimbabwe over a fortnight ago to clear bureaucratic hurdles, which appeared to stall the project, t...Published: 20 May 2016 at 13:01hrs | 1 | by Staff reporter
Kasukuwere to evict Tsvangirai soon
Movement for Democratic Change (MDC-T) leader Morgan Tsvangirai face imminent eviction from a State mansion in Highlands, Harare over the appointment of Harare town clerk, James Mushore, w...Published: 28 Apr 2016 at 07:47hrs | 14 | by Staff Reporter
James Mushore hired, fired same day
FORMER NMBZ Holdings group chief executive officer James Mushore wrote a piece of history for himself yesterday by becoming the shortest serving Harare town clerk after he was appointed and fired the ...Published: 25 Mar 2016 at 11:39hrs | 1 | by Staff reporter
NMB CEO resigns due to ill health
The Board of Directors of NMBZ Holdings has announced that Mr James A. Mushore will step down as Chief Executive Officer and Director of NMBZ Holdings and NMB Bank due to ill health, effective 31 Octo...Published: 27 Oct 2014 at 09:57hrs | 1 | by Staff reporter
Zim banks to reduce lending
FINANCIAL institutions are most likely to reduce lending this year to minimise the risk posed by non-performing loans as was reflected in most banks' 2013 financials.ABC Holdings limited group...Published: 31 Mar 2014 at 10:23hrs | 2 | by Business reporter
Exhange control authority grants full fungibility to NMB shares
The Zimbabwean Exchange Control Authority, in terms of Exchange Control Regulations, has granted full fungibility to 40% of the company's issued shares that are held by foreign investors. The ...Published: 29 Jan 2013 at 06:57hrs | | by Mafu Sithabile
Zimbabwe Monetary Policy Statement – January 2012
The Reserve Bank of Zimbabwe (RBZ) yesterday released the January 2012 Monetary Policy Statement. The RBZ notes that despite the lack of a lender of last resort, illiquidity in the market, limited lin...Published: 01 Feb 2012 at 08:31hrs | 1 | by Business reporter
Politics in Zimbabwe are not right at the moment: NMBZ chief
An improved set of interims from NMB with the attributable profit moving up to $2.1 million from a prior period loss of $1.7 million. The cost to income ratio improved to 78% from the prior period√Â...Published: 31 Aug 2011 at 08:55hrs | | by Nare Msupatsila
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