Search results for 'CBZ Holdings'
Companies
CBZ Seals Merger Deal with FML

CBZ Holdings and First Mutual Holdings Limited have entered into a merger, with CBZ acquiring a 36% stake in FMHL. This merger marks a significant milestone between the bank and insurance company, as

Sep 06, 2023
Companies
CBZ Solidifies Dominance with Another Record Loan Base, Earnings

Diversified blue-chip company CBZ Holdings, listed on the Zimbabwe Stock Exchange, has posted strong results in its first quarter of the 2024 fiscal year solidifying its position as the largest bank i

May 27, 2024
Companies
CBZ Holdings’ Half-Year Profit Nearly Halves

CBZ Holdings experienced a significant contraction in net profitability during the half-year ended June 30, 2024, as total revenue income and tax liabilities escalated substantially. The group's prof

Sep 06, 2024
Companies
A Billion-Dollar Quarter: CBZ’s Q3 Performance

Largest bank by deposits and assets, Commercial Bank of Zimbabwe Holdings (CBZ) has recorded an exceptional Q3 performance ended September 30, characterized by billion-dollar revenues, according to th

Nov 10, 2024
Companies
CBZ-FML Acquisition Crumble: Competition and Tariff Commission Ruling Halts Deal

The Competition and Tariff Commission (CTC) has issued a ruling against CBZ Holdings' proposed acquisition of additional shares in First Mutual Holdings (FML). This decision follows CBZ's purchase of

Dec 10, 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
CBZ Net Interest Income Rises 14% to ZWG1.39 Billion

CBZ Holdings, a diversified blue-chip company listed on the Zimbabwe Stock Exchange, has reported a 14% increase in net interest income, reaching ZWG1.39 billion for the full year ended 31 December 20

Apr 03, 2025
Companies
CBZ's Q1 Performance: A Robust Start Amid Economic Uncertainty

CBZ Holdings kicked off 2025 with a stellar first-quarter performance, highlighting its resilience and strategic focus in a challenging economic environment. The Group reported a profit after tax of

Apr 29, 2025

Top Stories

ZiG Firms for the First Time on Formal Market, Ends Bearish Streak Since April

The Zimbabwe Gold (ZiG) appreciated for the first time on May 21, 2025, strengthening to 26.8853 from 26.9786 per dollar the previous day, breaking a chain of loss-making streaks since April 25, when

28 minutes ago

First Capital's Non-Performing Loans Down to 3.7%: Testament to Enhanced Risk Management

First Capital Bank, Zimbabwe’s renowned financial services outfit, has achieved a remarkable feat in the first quarter of 2025, with non-performing loans (NPLs) plummeting from 7% in Q1 2024 to 3.66%

21 hours ago

AXIA’s DGA Segment Sustains Sluggish Performance in Q3 FY2025

Axia Corporation Limited's Distribution Group Africa (DGA) segment has sustained a sluggish performance in the third quarter of FY2025, ended March 31, 2025, compared to the same period last year, whi

23 hours ago

Simbisa Brands Completes 100% Paper-Based Packaging Initiative

imbisa Brands Limited, Zimbabwe's leading quick-service restaurant group, has fully transitioned to 100% paper-based packaging across its 722 outlets according to the company Q3 2025 trading update.

1 day ago

African Sun’s Topline Slumps in Q1 as Occupancy Falls to 39%: A Comparison with RTG

African Sun Limited (ASUN) the largest hotelier group, faced significant challenges in the first quarter of 2025 with hotel occupancy rate plummeting by 17% to 39% from 47% in Q1 2024, accompanied by

1 day ago

AfDB Approves $304 Million Loan to Stabilise Botswana's Economy

Botswana, often celebrated as a model of economic stability and prudent governance in Africa, is confronting a severe economic crisis precipitated by a sharp decline in global diamond prices. The Af

2 days ago

Khayah Cement to Go Private as Creditors Back Delisting, Fossil Mining Exit Looms

Khayah Cement creditors have approved a plan to delist the company from the Zimbabwe Stock Exchange, a move that sets the stage for majority shareholder Fossil Mining to potentially exit its investmen

May 21, 2025

Padenga Sets High Bar in Q1'25: Eureka Upgrades Drive Gold Production, Efficiency

Padenga Holdings Limited, Zimbabwe’s largest listed gold producer, has begun FY2025 with a robust performance, demonstrating resilience and growth in both its gold mining and agricultural divisions.

May 21, 2025