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Home » Mukuru banks on new products, technology
Companies & Markets

Mukuru banks on new products, technology

written by Adelaide Moyo, Group Managing Editor 0 comments
 Mukuru continued to maintain a strong capital position. Mukuru’s core capital position was US$5,1 million as at March 31, 2025, above the current minimum regulatory capital of US$5 million.
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MUKURU Financial Services Zimbabwe (Mukuru) is targeting to turn to profitability in the next 12 months, driven by increased wallet activities and the rollout of new products. This comes as the deposit-taking microfinance bank made a loss after tax of ZWG20,2 million during the 15 months to March 31, 2025. Mukuru chairman, Bongai Zamchiya, said…

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Adelaide Moyo is a business and financial journalist based in Zimbabwe. With a keen eye for detail and a deep understanding of market complexities, Adelaide consistently breaks down complex financial concepts and business trends into accessible, compelling narratives for a diverse readership. She specialises in areas such as macroeconomics, corporate finance, investment, and the critical issues impacting Zimbabwe's economy, including currency volatility, the informal sector, climate change, and illicit trade. Adelaide is a recipient of national awards for her reporting in different sectors of the economy. She is also a member of the Oxford Climate Journalism Network.

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