The Competition and Tariff Commission (CTC) has delivered a major blow to CBZ Holdings Limited's (CBZHL) growth strategy, denying its request to acquire more shares in First Mutual Holdings Limited (FMHL) and maintain its initial approved shareholding of 31.22%.
Minority shareholders in First Mutual Holdings Limited (FMHL) will have to wait longer for CBZ Holdings Limited's (CBZHL) mandatory offer to purchase their shares.
Fintech company Jamboo has embarked on an exciting new chapter, launching its fundraising campaign on Crowdcube, the UK's largest crowdfunding platform.
FBC Holdings Limited (FBCH) has announced that US$10.1 million has been returned to the company from the original US$34 million escrow deposit for the acquisition of Standard Chartered Bank Zimbabwe (SCBZ) and the Africa Enterprise Network Trust (AENT).
HARARE - The High Court of Zimbabwe's Commercial Division in Harare has declared that Prophet Walter Magaya's stadium and hotel can be sold to settle a debt of US$420,140.72 owed to GetBucks Microfinance Bank Limited.
Zimbabwe Stock Exchange-listed CBZ Holdings Limited has issued another cautionary statement regarding its potential acquisition of a complementary business, following previous warnings dating back to June 2022.
HARARE - Zimbabwe has witnessed a significant surge in cyber attacks in recent months, with local entities, including banks, falling victim to hacking, the country's Minister of Information Communication Technology, Tatenda Mavetera has revealed.
FBC Holdings Limited has announced a profitable first half for 2024, driven by the successful integration of its newly acquired Crown Bank, formerly Standard Chartered Bank Zimbabwe.
In this context, CBZ Holdings Limited, a leading financial services group in Zimbabwe, has reported a strong set of financial results for the half year ended June 30, 2024. Despite the challenging economic environment, the group delivered a profit after tax of ZWG 656.3 million, driven by its customer-centric approach, accessible digital platforms, and diverse product offerings.
HARARE - The ZB Financial Holdings (ZBFH) Group, a Zimbabwe-based financial services group, has reported a significant loss of staff, with 98 employees leaving the company in the first half of 2024.
