HARARE - Another leaked document has revealed that Attorney General Virginia Mabiza instructed the People's Own Savings Bank (POSB) to grant access to its vaults to Hebrew Investment Group (HIG), a controversial private investor fronted by President Emmerson Mnangagwa's ally Morris Brown Gwedegwe.
HARARE - Controversial Zimbabwean tenderpreneur Wicknell Chivayo has requested Ecobank to increase the maximum monthly cash withdrawal limit on his company's account to US$20 million.
HARARE - A proposed merger between CBZ Holdings Limited (CBZHL) and ZB Financial Holdings Limited (ZBFHL), valued at US$2.5 billion, has collapsed due to regulatory hurdles.
Mukuru Financial Services Zimbabwe Limited has been granted a license to operate a microfinance business in Zimbabwe, the central bank announced in a public notice on Wednesday.
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.
