September 2024

DIVERSIFIED insurance firm, First Mutual Holdings Limited (FMHL) witnessed increased preference of USD-denominated products from clients in the half year ended 30 June 2024, as they sought to retain value of insurance benefit amid signs of local currency volatility. (more…)

By Kudzanai Gerede Companies and Markets Editor FBC HOLDINGS Limited (FBC) has begun the process of rationalising capital levels across all its operating units albeit within regulatory capital thresholds as it seeks to efficiently invest funds to more profitable units. (more…)

SUPERMARKET chain Choppies Enterprises (Choppies) expects to grow its profit for its financial year ended June 30, 2024 (FY2024) thanks to the positive performance across its regional operations save for the underperforming Zimbabwean unit. (more…)

ECOBANK is upbeat about the softening of economic sanctions on Zimbabwe which has brought renewed interest from international financiers previously hesitant to extend credit lines to local banks. (more…)

NMB Bank Zimbabwe Limited (NMB) was left counting heavy losses from the currency transition executed earlier this year after conversions from the Zimbabwe dollar (ZWL) to the Zimbabwe Gold currency (ZWG) resulted in the devaluation of some of its assets. (more…)