The development comes as authorities move to de-risk the Zimbabwe Stock Exchange-listed company. Akribos Nominees has made a profitable exit since acquiring a 23 percent stake in the bank in 2019 and the entry of cash-rich institutional investors is also expected to boost the group’s funding capacity, and the country’s development agenda.
AT LEAST three state-linked institutions – the National Social Security Authority (Nssa), the Public Service Pension Fund (PSPF) and Mutapa Investment Fund (MIF) – now control about 60 percent of CBZ Holdings (CBZ), as the government moves to strengthen its position in the country’s largest financial services group. The development comes as authorities move to…
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