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
RBZ Puts Mono-Currency Readiness at 50.1%: Fundamentals Cover Only a Fraction of the Economy It Seeks to Anchor
Zimbabwe has accumulated its strongest period of monetary stability since the introduction of ZiG, yet the Reserve Bank’s own 50.1% mono currency readiness score exposes the distance between stabilisi
1 day agoGetBucks Joins Four Other Capitalized Deposit-Taking Microfinance Institutions as Sector Strengthens
The first half of 2026 therefore presents a mixed but improving picture. On one side, GetBucks has successfully crossed the US$5 million capital threshold, increasing the number of adequately capitali
Aug 20, 2026Zimbabwe’s Digital Payment Economy Expands as Mobile Money and Debit Cards Rise, while POS Stalls
That combination suggests that Zimbabwe's financial system is not simply becoming larger. It is becoming more digital. The real test in the second half of 2026 will be whether this expanding infrastru
Aug 20, 2026Power Import Bill Reaches US$84 Million in First Half, On Track For US$169 Million In 2026
Zimbabwe has spent US$84.35 million on electricity imports in the first half of 2026, a pace that carries the full year bill to about US$169 million, up 44% on the US$117 million recorded across all
Aug 20, 2026
