Search results for 'Banking Sector'
Companies
NMB Holdings Profitability Slumps, Non-Performing Loans Rise to 1.2% in H1 2024
NMB Bank's non-performing loan (NPL) ratio rose to 1.2% in the first half of 2024, up from 1.1% at the end of 2023. This increase, coupled with the recalibration of the local currency book following
Sep 20, 2024
Companies
Painful Pruning: CBZ Slashes Workforce to Stay Afloat, Leave Hundreds Jobless
CBZ Holdings, Zimbabwe's leading financial institution by deposit base and asset portfolio, has initiated a workforce optimisation strategy, resulting in the retrenchment of 347 employees. This decis
Feb 03, 2025
Companies
TN CyberTech Flags Financial Exclusion of Elderly as Only 46% of Zimbabweans Hold Bank Accounts
TN CyberTech Bank has raised the alarm over Zimbabwe’s deepening financial exclusion, revealing that only 46% of the country’s adult population holds a formal bank account, according to its latest fin
Nov 06, 2025
Botswana
Standard Chartered Exits Botswana Business ,Deepens Retreat from African Markets
Standard Chartered ,a British multinational bank focused on Asia, Africa, and the Middle East, providing corporate, investment, and wealth management banking has exited Botswana to reassess risk, sca
Jan 13, 2026
Companies
The Banking Sector: How Zim Listed Banks Performed, What Shapes the 2026 Outlook
Zimbabwe's six listed banking groups closed the year to December 2025 having generated their strongest aggregate profitability in the post-hyperinflation era, collectively earning an estimated $140 mi
Apr 09, 2026
Companies
NMB vs First Capital: What Q1 Results Reveal About Two Different Banking Strategies
NMB Holdings, has reported profit after tax of USD 8.34 million for the first quarter ended 31 March 2026, against USD 2.52 million in Q1 2025, a 231% increase according to the latest trading update.
May 21, 2026
Top Stories
FBC Generates ZWG214 Million in Q3 Profit Before Tax, Retains Just ZWG10 Million as Tax Pressure Deepens
FBC Holdings has generated approximately ZWG214.5 million in profit before tax during the third quarter of 2026, but retained only ZWG9.8 million in profit after tax, according to Equity Axis calculat
1 day agoBAT Loses 38 Million Cigarette Sales, 53% Profit Margin Conceals a Shrinking Revenue Base
British American Tobacco Zimbabwe has lost 38 million cigarette sales in the first nine months of 2026 as weaker consumer purchasing power continues eroding demand for its higher priced brands, exposi
1 day agoAnother US$1 Billion Revenue Year Looms for Delta as Half Year Sales Rival its Strongest Pre-2019 Annual Performances
Delta Corporation is heading towards another US$1 billion revenue year after generating US$607.5 million during the six months ended 30 September 2026, an 18% increase from the corresponding period.
1 day agoClinker Imports Surge 90% to US$48 Million as Dinson's US$15 Million Cement Plant Nears Commissioning
Zimbabwe's clinker imports surged 89.7% to US$48.24 million during the first eight months of 2026, exceeding the US$40.78 million spent throughout 2025, as the country prepares to commission another c
1 day agoZimbabwe Clarifies Economic Mandates for Mthuli Ncube and Tagwirei Through New Statutory Instruments
The new economic development portfolio can be assessed through concrete administrative indicators. Competition case processing times, the publication of merger decisions and the consistency of regulat
Nov 13, 2026Treasury Owes Road Contractors US$188 Million as New US$2 Million Contract Approval Rule Takes Effect
Treasury has also warned creditors against engaging third-party debt recovery consultants whose commissions it does not recognise. The directive places greater importance on formal verification and pa
Nov 13, 2026Built with Billions, Left Uninsured: Africa's Unprotected Public Infrastructure Exposes Taxpayers to Mounting Disaster Liabilities
Zimbabwe's government is moving towards compulsory insurance for public assets after its insurance regulator established that most government buildings, schools and hospitals remain without adequate p
Nov 12, 2026
