Search results for 'Banking Sector'
World
State of the Zimbabwean Banking Sector : The Chase to Zero

During the first half of 2023, the banking sector experienced notable changes in various key indicators. One such indicator was the aggregate total loans, which saw a significant increase of 9.76% in

Oct 23, 2023
Companies
First Capital Slashes Non-Performing Loans to 7% - Lowest in Recent Memory

Esteemed Bank, First Capital, reports that its non-performing loans (NPL) ratio has continued to decrease, reaching the lowest level in the first quarter of 2024 at 7%. This is an improvement from 8%

May 29, 2024
Companies
FBC Holdings' Income Exceeds ZWG2 Billion Despite Currency Carnage

FBC Holdings’ total income has surpassed ZWG2 billion in the half-year to June 2024 despite experiencing a currency carnage in the first quarter. The group reported ZWG2.1 billion during the period u

Sep 19, 2024
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
NMB Loan Book More Than Doubles in Q3, USD Denominates Deposits at 87%

NMB Zimbabwe's loan book expanded significantly, with loans and advances surging 110% to ZWG2.7 billion for the third quarter ended September 30, 2024. This growth was driven by the bank's successful

Nov 19, 2024
Companies
First Capital's Non-Performing Loan Ratio Falls Below 3% Amid Restructuring

First Capital Bank has posted a solid third-quarter performance, driven by a restructuring exercise aimed at enhancing its operating model. In the banking sector, restructuring refers to the process

Nov 22, 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

Top Stories

Zimre Holdings to List Emeritus International on Botswana Stock Exchange After a Mega Profit Jump in 2024

Zimre Holdings Limited (ZHL) plans to list its reinsurance subsidiary, Emeritus International, on the Botswana Stock Exchange (BSE) in 2025, marking a pivotal step in its pan-African growth strategy.

1 hour ago

Zambia's Solar Bet: Is Off-Grid Viable in SADC?

Zambia’s electrification journey has pivoted sharply toward off-grid solar solutions, driven by necessity and strategic foresight, as droughts have exposed the fragility of its 80% hydropower reliance

3 hours ago

Blanket Mine Sets New Gold Production Record in Q1 2025

Blanket Mine, flagship asset of Caledonia Mining Corporation, delivered a stellar Q1 2025, achieving a record first-quarter gold production of 18,671 ounces, surpassing the previous high of 18,515 oun

20 hours ago

Ariston’s Macadamia Production Rises 3%, Narrows Loss Position

Ariston Holdings Limited, a diversified agricultural company listed on the Zimbabwe stock exchange (ZSE), has reported a 3% increase in macadamia production to 1, 395 tonnes for the year ended 30 Sept

21 hours ago

VFEX Achieves Record Turnover in Q1 2025, Driven by Local Investor Confidence

The Victoria Falls Stock Exchange (VFEX) posted a remarkable Q1 2025, driven by local investors who powered a record-breaking turnover of $58.5 million and a historic daily high of $40.1 million on Fe

21 hours ago

Caledonia Nets $22.35M from Solar Plant Sale, Bolsters Liquidity for Gold Expansion

aledonia Mining Corporation  has sold  its 12.2 MW solar plant to CrossBoundary Energy Holdings (CBE) for $22.35 million in cash according to the latest circular by the company. This move is to allow

22 hours ago

Nampak Sells Majority Stake in Zimbabwe Operations to TSL Limited

Nampak South Africa Limited (Nampak SA), a leading packaging company listed on the Zimbabwe Stock Exchange (ZSE), has finalised an agreement to sell a 51.43% stake in its Zimbabwe operations, Nampak Z

1 day ago

Weekly Gold Wrap: Artisanal, Small Scale Miners Record Highest Gold Deliveries in March

Zimbabwe’s gold production in March 2025 achieved a historic milestone, with artisanal and small-scale miners (ASM) recording their highest monthly output ever. The month also marked the highest combi

1 day ago