Search results for 'Fund'
Zimbabwe
ZiG’s Weekly Review as Stability Remains in Focus: Is This a Turning Point or a False Dawn?
The Zimbabwe Gold (ZiG) experienced marginal declines, depreciating by 0.1% last week and further by 0.2% this week, closing at 23.3656 against the US dollar. This relative stability is largely attri
Jan 31, 2025
World
USA Proposes to Cut $555 Million to the African Development Fund: Implications for AfDB, Africa’s Development
The Trump administration has proposed to eliminate $555 million in funding for the African Development Fund (ADF), the concessional financing arm of the African Development Bank (AfDB), marks a signif
May 07, 2025
Companies
NMB to Launch Enhanced Mobile Banking Application, Posts Robust Q1 Performance
NMB Bank is set to launch an enhanced mobile banking application for corporate and individual clients in the second quarter of 2025, aiming to elevate customer experience and drive fintech innovation,
May 19, 2025
Companies
CBZ’s Digital Push Yields ZWG 2 Bn in Non-Funded Income, Interest Income Nears 1 Bn
CBZ Holdings, Zimbabwe’s largest bank by assets, and deposits, has reported a significant surge in non-funded income, rising from ZWG 1.5 billion in the first half of 2024 to ZWG 1.9 billion in the fi
Aug 22, 2025
Companies
Invictus Energy Secures Key Licence Renewals to Advance Zimbabwe Gas Ambitions
Invictus Energy has secured a three-year extension of its exploration licences in Zimbabwe’s Cabora Bassa Basin, paving the way for drilling a high-impact well that could unlock more than a trillion c
Sep 16, 2025
Zimbabwe
Weekly Currency Review: Is ZiG’s Stability Fundamentally Driven or Cosmetically Defined?
The local currency, the ZiG, has maintained a stable performance for nearly a year, marking a significant milestone in the country’s economic landscape. On September 16, 2025, the ZiG opened the week
Sep 16, 2025
Zimbabwe
IPEC HY'25 Pension Sector Performance: Assets Grow to $3 Bn, Arrears Rise to $100 Mn Amid Declining Income
The pensions sector in Zimbabwe, as reported by the Insurance and Pensions Commission (IPEC) for the half-year ended 30 June 2025, showed strength with a significant 6% increase in total assets, reach
Oct 16, 2025
Companies
CBZ Holdings Profit Hits ZiG 1.1Bn in Q3, Operational Efficiency Drives 58% Income Surge
CBZ Holdings posted a profit after tax of ZWG 1.11 billion for the nine months ended 30 September 2025, a 10% increase from ZWG 1.01 billion a year earlier, reflecting resilient profitability as Zimba
Nov 13, 2025
Companies
Caledonia Raises $150 Mn for Bilboes: Here Are 4 Funding Pillars Powering Growth
Caledonia Mining Corporation has successfully closed a US$150 million convertible senior notes offering according to its latest announcement. Originally targeted at US$100 million, the deal was upsize
Jan 21, 2026
South Africa
South Africa Joins Afreximbank, Unlocks US$8bn Trade Industrial Finance Programme
South Africa has formally acceded to the African Export-Import Bank (Afreximbank), becoming the 54th member state of the Pan-African multilateral lender and completing the country’s entry into the con
Feb 05, 2026
South Africa
Tongaat Crisis Update: IDC Declines to Commit to More Funding Amid Liquidation Threat
The Industrial Development Corporation (IDC) says that it is not in a position to commit to additional financial support for the embattled sugar conglomerate Tongaat Hulett at this juncture. This fol
Feb 23, 2026
Companies
Caledonia Secures Bank Backing for Bilboes as Production Base Strengthens Amid Gold Bull Run
Caledonia Mining Corporation Plc has appointed Stanbic Bank Zimbabwe and CBZ Bank as co-lead arrangers for an interim funding facility of up to US$150 million, marking a significant step in the financ
Feb 23, 2026
Top Stories
Sun International Cautions Strong Earnings Jump as Digital Surge Offsets Land-Based Pressures
The collapse of the proposed R7.3 billion acquisition of Peermont, a rival casino group, after regulatory delays, has also freed up capital. Bengtsson has signalled the group will reassess its capital
12 hours ago
