CTC blocks CBZ from upping FMHL’s stake

In a statement yesterday, CBZ Holdings said it “will no longer be proceeding with the mandatory offer to the minority shareholders in First Mutual Holdings Limited.”
By Tatira Zwinoira 22h ago

CBZ asset base rises 71% in Q3

The increase in its asset base is from ZiG17,58 billion, recorded as of the end of June.
By Tatira Zwinoira Nov. 8, 2024

CBZ expands organisational staff restructuring exercise

Last month, CBZ announced it had embarked on a group restructuring exercise which will result in the departure of 13 senior executives by year end.
By Melody Chikono Oct. 16, 2024

CBZ Holdings posts ZWG656,3m PAT in H1

This financial position was supported by a customer deposit base of ZWG11,50 billion and advances to customers totalling ZWG4,76 billion.
By Tafadzwa Mhlanga Sep. 25, 2024

CBZ restructuring sends 13 executives packing

The exercise, which is being carried out across the group, will see the first tranche of the affected executives going on garden leave on October 1 with contracts being terminated by end of year.
By Melody Chikono Sep. 23, 2024

Big lenders ride out economic storms

The government downgraded projected growth rates for the agricultural sector from an initial -4,9% to -21,2%.
By Mthandazo Nyoni Sep. 20, 2024

CBZ raises US$115 million in credit lines

The African Development Bank recently said Zimbabwe has an annual funding gap of US$3,76 billion.
By Tatira Zwinoira Sep. 8, 2024

CBZ Bank appoints Simwaka as MD

Simwaka started his career as an executive trainee with Citi Bank Zambia Limited in 1993 and rose through the ranks to country head of Financial Institutions Business Portfolio.
By Melody Chikono Sep. 2, 2024

CBZ Holdings eyes regional expansion

CBZ recently completed the acquisition of FMHL, which increased its shareholding to 36,35% in September 2023, and has since made a mandatory offer for the remaining shares.
By Melody Chikono Aug. 25, 2024