May 20, 2023

CBZ profit surges 24,7pct on higher income

CBZ Holdings (CBZ) has posted a 24,7 percent increase in its inflation-adjusted profit to $33,04 billion for the year ended December 31, 2022, compared to $26,49 billion recorded in the comparable period of 2021. The increase was buoyed by non-interest income, which surged 125,47 percent to $179,02 billion and interest income, which went up by…

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NMB plans to go off-grid

NMB Holdings says it is looking at opportunities within its branches to install solar to operate completely off-grid. This comes as most Zimbabwean companies are investing in solar energy in light of the ongoing power cuts, which are seriously affecting operations. Most firms have had to rely on diesel-powered generators, which in turn increases their…

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