CBZ pursues strategic acquisitions

CBZ Bank has gone live on the Pan-African Payment and Settle­ment System (PAPSS), providing a payment channel that could support cross-border transac­tions under the newly established ATDC Zimbabwe trade venture.

CBZ Holdings (CBZ) says it is pursuing strategic partnerships to grow a balance sheet massive enough to attract offshore funding following the failed acquisition of ZB Financial Holdings (ZBFH) and First Mutual Limited (FML).The Competition and Tariff Commission (CTC) dealt CBZ a double blow when it blocked its plans to acquire ZBFH and an attempt…

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