Search / Zb financial holdings
Mutapa to shake-up State firms
Mutapa Fund Plots Major Shake-Up of State-Owned Enterprises to Enforce Governance and ProfitabilityZimbabwe's sovereign wealth vehicle, the Mutapa Investment Fund, is preparing to roll out swe...Published: 13 Jul 2025 at 16:12hrs | 662 | by Staff reporter
ZB major shareholder blocks Ernst & Young appointment
ZB Financial Holdings' (ZBFH) attempt to re-appoint Ernst & Young (EY) as its external auditors for the 2025 financial year stalled last week after major shareholder Transnational Holdings objecte...Published: 04 Jul 2025 at 12:53hrs | 516 | by Staff reporter
Harare mayor bemoans state of council buildings
Harare Mayor Councillor Jacob Mafume has expressed deep concern over the deteriorating state of council buildings, urging acting town clerk Engineer Phakamile Mabhena Moyo to take swift action to addr...Published: 25 Jun 2025 at 17:21hrs | 245 | by Staff reporter
Surely, what lessons in business success can Tagwirei teach our youth?
Our youth are the greatest asset to our nation's future, and we cannot afford to lead them astray.Zimbabwe is a nation desperate for authentic leadership, especially for its youth. ...Published: 24 Jun 2025 at 11:24hrs | 282 | by Tendai Ruben Mbofana
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
ZBFH to surrender building society licence by year-end
Financial services group ZB Financial Holdings (ZBFH) has announced its intention to comply with the Reserve Bank of Zimbabwe's (RBZ) conditions to surrender the licence of its building society unit b...Published: 11 Jun 2025 at 08:40hrs | 127 | by Staff reporter
There were no Zvigananda under Smith because Rhodesians loved Zimbabwe more than ZANU-PF!
There is something tragically ironic about the state Zimbabwe finds itself in today.A country that was once described by none other than former Tanzanian President Julius Nyerere as the "jewel...Published: 27 May 2025 at 20:45hrs | 1237 | by Tendai Ruben Mbofana
Chiwenga urges industry to partner universities
Vice-President Constantino Chiwenga yesterday called on Zimbabwe's industry and commerce sectors to strengthen their collaboration with universities and research institutions to drive innovation and f...Published: 24 Apr 2025 at 07:35hrs | 654 | by Staff reporter
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 | 309 | by Staff reporter
ZB Retrenchment, 98 workers bite the dust
ZB Financial Holdings (ZBFH) says 59 staff members, mostly those who were nearing retirement took up its Voluntary Disengagement Scheme (VDS) and further 39 were affected under the Compulsory Disengag...Published: 13 Jun 2024 at 22:18hrs | 19 | by Erick Matotoba
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
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
CBZ in major strategic shake up
Pursuant to the strategic vision of creating one of the country's largest financial services groups, renowned banker, strategist and businessman Mr Luxon Zembe, has been appointed acting chairman of C...Published: 06 Dec 2023 at 05:02hrs | 17 | by Staff reporter
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
ZB moves to lay off excess staff
ZB Financial Holdings Limited (ZBFHL) will be shedding some of its staff via a recently completed voluntary disengagement scheme, after reporting a rise in staffing costs of over 100% last year....Published: 30 May 2023 at 06:46hrs | 1 | by Staff reporter
ZB expands its services to Botswana
THE ZB Financial Holdings Limited (ZB) has expanded its services to neighbouring Botswana as it seeks to grow its regional presence, it has been revealed.Last month, the group announced that i...Published: 24 May 2023 at 06:04hrs | 6 | by Staff reporter
ZB directors mull liquidation and surrendering licence
With three months left before year-end, it is now crunch time for ZB Financial Holdings (ZBFH), which is currently under increased pressure to recapitalise its building society within the grace period...Published: 02 Oct 2022 at 08:58hrs | 14 | by Staff reporter
ZB rebrands
ZB Financial Holdings has embarked on a major rebranding exercise, which will see the group adopting a new model that will centralise operations within branches as it moves to be customer-centric and ...Published: 15 Jun 2022 at 07:27hrs | 3 | by Staff reporter
Top banker beaten by wife
FORMER ZB Financial Holdings Chief Executive, Ronald Mutandagayi (59), claims he was heavily assaulted by his 48-year-old wife, Loveness.The banker Tuesday dragged Loveness to court, als...Published: 27 Apr 2022 at 12:59hrs | | 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 | 15 | 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
New details on Intermarket bank heist
There is growing unease at ZB Financial Holdings Limited (ZBFHL) after recent revelations Transnational Holdings Limited (THL) the second-largest shareholder is pushing for a separation following the ...Published: 08 Aug 2021 at 07:17hrs | 1 | by Staff reporter
Zimbabwe mines, banks in crunch talks over US sanctions
ZIMBABWE'S mines said on Friday they had kicked-off crunch meetings with banks, government and the Minerals Marketing Corporation of Zimbabwe (MMCZ) to find a solution after operators reported that th...Published: 13 Jun 2021 at 07:26hrs | 2 | by Staff reporter
ZB boss takes leave of absence
ZB Financial Holdings Limited group chief executive Mr Ron Mutandagayi has taken leave of absence from his duties, the board of directors has said. This follows social media messages that suggested he...Published: 19 Mar 2021 at 05:57hrs | | 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
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 | 3 | by Staff reporter
Vingirai to increase ZB stake
Finance minister Mthuli Ncube is reportedly playing an active role to help ensure that Transnational Holdings Limited owner Nicholas Vingirai gets a further 10 percent in ZB Financial Holdings, as par...Published: 10 Dec 2020 at 06:55hrs | | by Staff reporter
Share swap exposes Tagwirei's vast web
A transaction in which the National Social Security Authority (NSSA) disposed of its 37,79% ZB Financial Holdings (ZBFH) shareholding was a swap deal that saw the authority clinching CBZ shares worth ...Published: 04 Dec 2020 at 07:27hrs | 18 | by Staff reporter
Major shake-up looms at ZB Bank
A MAJOR shake-up is looming at ZB Financial Holdings (ZBFH), with veteran banker Nicholas Vingirai tipped to increase his stake in a deal that would make him the majority shareholder in the listed gro...Published: 09 Oct 2020 at 10:16hrs | 12 | by Staff reporter
ZB fears inflation-induced balance sheet contraction
LISTED financial services group, ZB Financial Holdings, has raised fears over balance sheet contraction on the back of rising inflationary pressures. Although the group's total income increase...Published: 28 Aug 2019 at 07:29hrs | 1 | by Staff reporter
Former top govt official in US$5 million Zinara storm
FORMER deputy chief secretary to the president and cabinet Ray Ndhlukula is in the eye of a storm after it emerged this week that he unprocedurally ordered the Zimbabwe National Roads Administration (...Published: 12 Jul 2019 at 08:56hrs | 3 | by Staff reporter
Mthuli Ncube engages US over reforms, Zidera
Finance and Economic Development Minister Professor Mthuli Ncube is set to leave for the United States of America next month to apprise that country's government officials on positive developments the...Published: 10 Feb 2019 at 05:42hrs | 2 | by Staff reporter
ZB in talks for $30m line of credit
ZB Financial Holdings (ZBFH) is in talks with a regional bank for a $30 million line of credit, which will enable ZB Bank, its commercial banking subsidiary, to support international transactions....Published: 25 Sep 2018 at 07:27hrs | | by Staff reporter
US sanctions on Zimbabwe - truths, history and lies
A new regime of US sanctions has just been signed into law, opening a fresh front in the increasingly polarised political debate in Zimbabwe.Critics say they hurt the economy, while supporters...Published: 20 Aug 2018 at 19:01hrs | 4 | by newsZWire
Vingirai to regain control of seized banking assets
VETERAN banker Nicholas Vingirai stands to regain full control of his banking assets which were controversially seized by government in 2004 and later sold to ZB Holdings, once a deal to split the int...Published: 10 Aug 2018 at 11:32hrs | 4 | by Staff reporter
Zimbabwe underestimating its GDP
Zimbabwe's gross domestic product (GDP) reached $17, 85 billion last year, which is an all-time high, according to industry and commerce experts TradingEconomics.comZimbabwe's GDP averaged $6,...Published: 29 Jul 2018 at 10:10hrs | 2 | by Staff reporter
Banks on course to meet RBZ threshold
A MAJORITY of listed banks are on track to achieving the prescribed Reserve Bank of Zimbabwe (RBZ) minimum capital requirement of $100 million by 2020 with some having already surpassed the threshold....Published: 20 Apr 2018 at 07:14hrs | | by Staff reporter
Global banks shun 'high risk' Zimbabwe
Zimbabwe has over the past few years lost 102 correspondent banking relationships due to high country risk, Reserve Bank of Zimbabwe Governor Dr John Mangudya said.Correspondent banking repres...Published: 02 Feb 2018 at 08:09hrs | | by Staff reporter
ZB to float $50m bond for urban tollgates
ZB Financial Holdings is in discussion with Harare City Council (HCC) to fund urban tollgates in the next few months to raise money for road rehabilitation and maintenance in and around the city. ...Published: 19 Jan 2018 at 06:12hrs | | by Staff reporter
ZB Financial Holdings headed for split
THE ZB Financial Holdings (ZBFH) group is headed for a split amid indications that one of its major shareholder, Nicholas Vingirai wants out.Vingirai, who through his Transnational Holdings Li...Published: 12 Jan 2018 at 06:04hrs | 1 | by Staff reporter
RBZ sets deadline for bank's demerger
THE Reserve Bank of Zimbabwe (RBZ) has set December 31, 2017, as the deadline for the separation of ZB Financial Holdings Limited (ZBFHL) from Intermarket Holdings Limited (IHL), which will see banker...Published: 11 Dec 2017 at 04:16hrs | 1 | by Staff reporter
ZB and Vingirai split imminent
THE split between ZB Financial Holdings (ZBFH) and Intermarket Holdings Limited (IHL) - which have been operating as a single entity for the past 11 years - seemed imminent last week after details eme...Published: 18 Jun 2017 at 10:03hrs | | by Staff reporter
Vingirai takes control of Mashonaland Holdings
NICHOLAS Vingirai, through his investment vehicle, Transnational Holdings Limited (THL), has taken control of Mashonaland Holdings (Mashold) following the appointment of his crony, Michael Mahachi, as...Published: 01 Jun 2017 at 08:27hrs | 1 | by Staff reporter
ZB regains foreign accounts after removal from US sanctions
ZB Financial Holdings has regained use of most of its foreign correspondent banking accounts since its removal from the US sanctions list in October last year, a senior bank official said.The ...Published: 16 May 2017 at 06:46hrs | | by Agencies
UBH boss in $50 000 scandal
THE Minister of Health and Child Care Dr David Parirenyatwa has said his ministry is considering the suitability of United Bulawayo Hospitals (UBH) board chairman Mr Francis Chitehwe to continue on hi...Published: 15 May 2017 at 07:01hrs | 3 | by Staff reporter
Vingirai booted out of ZB board
The National Social Security Authority (NSSA) flexed its muscle and mobilised shareholders of the ZB Financial Holdings (ZBFH) to boot out banker Nicholas Vingirai and his nominees from the board at a...Published: 14 May 2017 at 15:46hrs | 1 | by Staff reporter
ZB's new lease of life after sanctions chop
ZB Financial Holdings Limited (ZBFH) is now able to carry out international financial transactions after it was removed from the United States sanctions list recently. The group's head of ...Published: 20 Oct 2016 at 09:03hrs | | by Staff reporter
Leo Mugabe added on US sanctions list
The United States government has retained President Robert Mugabe and the majority of his top aides on its updated targeted sanctions list. The Zanu PF leader's nephew, Leo Mugabe is the o...Published: 06 Oct 2016 at 07:39hrs | | by Staff reporter
Load More Stories
