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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
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
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
Zimbabwean banks face backlash over excessive charges
Zimbabwe's banking sector is celebrating strong financial results, with shareholders across financial institutions enjoying substantial dividend payouts following another profitable year. However, the...Published: 06 Apr 2025 at 11:26hrs | 381 | 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
CBZ launches mortgage finance products for Zimbabwean diasporans
CBZ Holdings Limited (CBZHL), Zimbabwe's largest financial services provider, has launched new Mortgage Finance products aimed at Zimbabweans in the diaspora ahead of the Zim Diaspora Property Showcas...Published: 14 Jun 2024 at 07:29hrs | 123 | by Staff reporter
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
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
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
Marist Brothers tops Old Mutual Zimbabwe High Schools Quiz
Marist Brothers High School from Matabeleland North are this year's Old Mutual High School Quiz winne...Published: 26 Oct 2023 at 13:21hrs | 34 | by Paul Ndou
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 | 15 | by Staff reporter
All set for the 21st Old Mutual NAMA awards
The stage is set for the 21st National Arts Merit Awards (NAMA) powered by Old Mutual Zimbabwe tomorrow at the Harare International Conference Centre, with the organisers aiming to provide a unique ex...Published: 24 Feb 2023 at 22:01hrs | 13 | by Simbarashe Sithole
CBZ, ZB hint on potential merger
GIANT financial institutions, CBZ and ZB Holdings Limited have notified their shareholders of separate potential acquisitions that could have an impact on securities prices.In a cautionary sta...Published: 20 Jun 2022 at 06:40hrs | 1 | by Staff reporter
SA business group unhappy with rise of Zimbabwean expats
THE appointment of Sitholizwe Mdlalose as chief executive of South Africa's telecoms giant Vodacom has triggered xenophobic reactions after the country's Black Business Council (BBC) demanded that loc...Published: 13 May 2022 at 19:13hrs | 22 | by Staff reporter
Official dollarisation unlikely, says OM
DIVERSIFIED financial services group Old Mutual Investment believes an official dollarisation of the local economy is "unlikely in the near term" despite current factors pointing towards that directio...Published: 20 Apr 2022 at 08:09hrs | 1 | by Staff reporter
Nyaradzo effects 300% premium increases
Covid-19 has decimated economies leaving people with little or no money to spend on basic essentials like food, health and funeral insurance among others.With prolonged lockdowns in many count...Published: 01 Feb 2022 at 05:27hrs | 2 | by Staff reporter
Capitec to accommodate Zimbabweans with expired permits
South African Financial services group Capitec says it will accommodate Zimbabweans with expired permits until 31 December 2022. This comes in the wake of the South African government's decisi...Published: 21 Dec 2021 at 09:09hrs | 27 | 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
20 richest investors on the Zimbabwe Stock Exchange
Investors on the Zimbabwe Stock Exchange have amassed staggering wealth since the start of the year owing to the strong pace of recovery in the country and renewed buying interest by local inv...Published: 29 Aug 2021 at 07:05hrs | 426 | by Mfonobong Nsehe
VFEX in dramatic rebound
THE Victoria Falls Stock Exchange (VFEX) has dramatically emerged to capture some of Zimbabwe's biggest firms, with multinationals making bold moves to step into the waterfall in the past week....Published: 11 Jul 2021 at 10:42hrs | 1 | by Staff reporter
Padenga delists, heads for VFEX
ZIMBABWE Stock Exchange (ZSE)-listed crocodile breeder, Padenga Holdings is set to delist today before switching to the Victoria Falls Stock Exchange (VFEX).The VFEX has struggled to attract c...Published: 09 Jul 2021 at 12:06hrs | | by Staff reporter
Zimbabwe's second-largest gold producer to list on Victoria Falls Exchange
Caledonia Mining Corp, Zimbabwe's second-largest gold producer by volume, has begun the process for listing on the country's new bourse, which trades exclusively in U.S. dollars.The listing pl...Published: 08 Jul 2021 at 21:12hrs | | by Staff reporter
Cassava Smartech partners with the Anglican Church
- Members set to benefit from insurance cover, farming technology & logistics support MUTARE - Cassava Smartech Zimbabwe on Friday signed a M...Published: 22 May 2021 at 08:00hrs | 1 | by Agencies
CBZ hunts down Command Agric looters
Zimbabwe's largest financial services group, CBZ Holdings, has roped in the police to hunt down alleged looters of the command agriculture inputs, Business Times has established.Business Times...Published: 05 Mar 2021 at 17:42hrs | 1 | 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
Zimnat hands over nationwide boreholes to Health and Child Care Ministry
Zimnat and Health Maintenance Network Africa on Tuesday handed over 10 boreholes valued at more than five million Zimbabwe dollars to the Ministry of Health and Child Care as their contribution toward...Published: 15 Oct 2020 at 08:35hrs | 3 | by Agencies
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
Old Mutual launches road, air ambulance services
PREMIUM African financial services group Old Mutual has launched a medical rescue product, a life transforming package in partnership with ACE Air & Ambulance in Harare.As part of the Old ...Published: 28 Aug 2019 at 07:40hrs | 2 | 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
Nedbank fires 28 tellers over US$1m fraud
Nedbank Zimbabwe has fired 28 employees for their alleged involvement in an alleged foreign currency scam, which cost the financial institution US$1,1 million.The bank employees, mostly teller...Published: 11 Aug 2019 at 11:23hrs | 1 | by Staff reporter
Zimnat helps Epworth school improve its sanitation
Zimnat, one of the country's leading insurance and financial services groups, on Friday (August 2) handed over an ablution block for girls to Chizungu Primary School in Epworth.Zimnat undertoo...Published: 06 Aug 2019 at 08:11hrs | 6 | by Agencies
CBZ Holdings retrenches
ZIMBABWE'S largest financial services group, CBZ Holdings (CBZH), has retrenched more than 100 employees as banks reel under the worsening economic environment, NewsDay can exclusively reveal....Published: 24 Jul 2019 at 08:15hrs | 1 | by Staff reporter
Zimnat and Sanlam continue to assist cyclone victims
Zimnat, together with Sanlam, with which Zimnat is associated, last week donated roofing materials to yet another Chimanimani school affected by Cyclone Idai, Muchadziya Primary School in Ngorima. ...Published: 25 Jun 2019 at 13:38hrs | 2 | by Agency
Zimbabwean born CEO suspended by Old Mutual over ‘breakdown in trust'
Financial services group Old Mutual says it has suspended CEO Peter Moyo over a "breakdown in trust".Following a series of talks, the Old Mutual board decided that "there has been a material b...Published: 24 May 2019 at 09:52hrs | | by Staff reporter
Zimnat invites entries for Sanlam financial journalism award
Zimbabwean financial or business journalists are being invited by Zimnat to compete with other African journalists for an award for the best story published or broadcast last year that captures the gr...Published: 19 Feb 2019 at 09:04hrs | 1 | by Staff writer
Mazibisa: A man on a mission
NKOSANA George Mazibisa is a young man on a mission. While his age mates are looking for employment, he has already set up a company and is creating jobs.After resigning from his job in 2013, ...Published: 04 Nov 2018 at 09:04hrs | 3 | by Staff reporter
Mortgage loans up 44%
A total of $98,7 million mortgage loans were advanced to clients in the seven months to July 2018, an industry official has said. The figure is 44,3 percent more than the $55 million which was extende...Published: 02 Oct 2018 at 09:36hrs | 2 | by Staff reporter
Zimnat launches innovative billboard campaign
Zimnat has launched an innovative advertising campaign to let people know some of the ways in which it can make their life better, through the customer friendly insurance and finance services it offer...Published: 13 Sep 2018 at 13:09hrs | 1 | by Agencies
Pumula South residential stands sold out
DIVERSIFIED financial services group, Old Mutual Zimbabwe, has sold out residential stands under Phase 1 of its Pumula South project in Bulawayo.The Old Mutual Zimbabwe group is developing 1 0...Published: 29 Aug 2018 at 06:38hrs | | by Staff reporter
Pumula South residential stands sold out
Diversified financial services group, Old Mutual Zimbabwe has sold out residential stands under Phase 1 of its Pumula South project. In Bulawayo, the Old Mutual Zimbabwe group was developing 1...Published: 28 Aug 2018 at 08:58hrs | 2 | by Staff Reporter
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
Old Mutual's centre to jumpstart informal sector
ZIMBABWE Stock Exchange-listed financial services group, Old Mutual, says its $21,4 million state-of-the-art small to medium enterprises (SMEs) Eastgate Market in Harare would be opened next month....Published: 05 Jul 2018 at 07:09hrs | 4 | by Staff reporter
British loan, compliment China's mega deals, soften Zanu PF vote-rigging - China's new acolyte
The report that StanChart, a British multinational and financial services group, is extending a US$100 million loan facility to Zimbabwean private sector; will be seen as the British are down-playing,...Published: 18 May 2018 at 17:26hrs | | by Nomusa Garikai
British govt banking on Mnangagwa
EVIDENCE of Britain's meddlesome support for President Emmerson Mnangagwa's administration and that he is their preferred choice to lead Zimbabwe after this year's general elections in July is mountin...Published: 18 May 2018 at 08:21hrs | 4 | by Staff reporter
Old Mutual unveils 1 082 serviced stands
OLD Mutual Group has unveiled 1 082 housing stands in Bulawayo that are being serviced under a public private partnership (PPP) agreement with the local authority.Speaking at the ground-breaki...Published: 09 Mar 2018 at 06:26hrs | 2 | 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
Nyambirai plots comeback
Businessman Tawanda Nyambirai, who recently acquired one of Zimbabwe's oldest gold mines, Acturus Mine, is planning to revive his empire which spans fast food retailing, livestock banking and furnitur...Published: 11 Jan 2018 at 05:58hrs | 1 | by Staff reporter
CBZ boss Nyemudzo fired?
CBZ boss Nyemudzo fired? Zimbabwe's largest financial services group, CBZ Holdings (CBZ), has severed ties with its chief executive officer, Never Nyemudzo.The veteran banker - who has sin...Published: 25 Oct 2017 at 06:40hrs | | by Staff reporter
Chanakira vies for Harare town clerk job
Nigel Chanakira headlines a stellar cast of top names vying for the coveted Harare town clerk Job.The Daily News can report that Chanakira, founder of the now defunct Kingdom bank and current ...Published: 11 Oct 2017 at 17:26hrs | | by Staff reporter
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