CBZH secures US$50m line of credit to bolster SMEs

According to group chief executive officer Lawrence Nyazema, the funds are expected to be disbursed before year-end, providing a much-needed injection of capital for businesses.
By Mthandazo Nyoni Dec. 20, 2024

CBZ shifts focus after CTC blocks FMHL further share purchases

Nyazema said the group was actively raising additional funding to address liquidity challenges and stimulate economic activity.
By Ashton Ndakusiya Dec. 13, 2024

Microfinance sector must innovate: Banker

The banker’s call to action resonated deeply with attendees, as he highlighted the importance of adapting to the ever-changing landscape of the financial services sector.
By Lee Musaidzi Dec. 11, 2024

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 Dec. 10, 2024

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