HARARE - The wait continues for minority shareholders in First Mutual Holdings Limited (FMHL) as CBZ Holdings Limited (CBZHL) seeks regulatory approval to acquire additional shares.
In a heated session of Parliament, legislators proposed a series of measures to protect bank depositors and punish financial institutions responsible for past bank failures. The motion, introduced by Murehwa West Member of Parliament Farai Jere, comes after a period of financial turmoil in Zimbabwe that saw several banks collapse, leaving depositors with significant losses.
HARARE - Deputy Finance Minister, David Mnangagwa, the son of President Emmerson Mnangagwa, has acknowledged the public's reluctance to use banks, admitting they 'innocently' hoard cash due to a broken trust.
CBZ Holdings Limited (CBZ) has issued a statement updating shareholders on its ongoing negotiations for a significant acquisition within the financial sector.
HARARE - Leading financial services institution, Stanbic Bank has launched an innovative programme aimed at propping up the operations and welfare of small to medium enterprises (SMEs).
FBC Holdings Limited has appointed Trynos Kufazvinei to the position of chief executive officer (CEO) with effect from January 1, 2024. He will replace John Mushayavanhu who is leaving the Zimbabwe Stock Exchange-listed financial institution at the end of the month after being appointed central bank governor.
HARARE - Stanbic Bank has been selected 2023 Bank of the Year in Zimbabwe by world renowned London-based magazine, The Banker, cementing its place as one of the country’s leading financial services institutions.
A local company, Eagle Italian Shoes and Leather Private Limited has sued EcoBank Zimbabwe for US$7 152 206.38 after it allegedly placed an order to withhold the company's funds in its bank without a court order.
HARARE - Leading financial services institution, Stanbic Bank has launched an exporter’s guide to China which gives a roadmap of how Zimbabwean companies can navigate the Chinese business terrain leveraging on the bank’s strategic partnerships in Africa and China.
