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Blessing Nyahuma YEARS ago, in Professor Gunda’s house, I learnt one of the most important lessons of my scholarly life. Professor Gunda and Professor Kügler were discussing with me the…
Blessing Nyahuma YEARS ago, in Professor Gunda’s house, I learnt one of the most important lessons of my scholarly life. Professor Gunda and Professor Kügler were discussing with me the…
Zimbabwean businessman Batsirai Matiza has taken control of Argus following the completion of an approximately $8 million debt-financed acquisition and restructuring, according to stakeholders familiar with the transaction. The transaction…
FINANCIAL services group CBZ Holdings (CBZ) is seeking yuan-denominated credit lines from Chinese lenders as it moves to deepen the use of the currency (CNY) in growing trade with China. CBZ Bank, the group’s banking unit, began settling transactions directly in CYN in June this year, offering customers an alternative to the US dollar. As…
AGENCY banking network expansion and increased use of digital channels are underpinning NMB Holdings’ growth in transactional volumes, the financial institution has said. The group’s banking unit, NMB Bank launched its primary agency banking model in 2022 starting with approximately 16 active agents. To date, the bank’s agency network has risen to 409 active touchpoints…
FBC Holdings’ loans and advances increased 8,8 percent to ZiG11,96 billion in the six months to June 30, 2026, supported by growth in deposits and total assets. Total assets rose 17,5 percent to ZiG26,33 billion from the audited December 31, 2025, position, while customer deposits increased 20,4 percent to ZiG15,56 billion, providing a relatively stable…
WEAK insurance penetration could worsen the economic impact of the expected El Niño-induced drought by increasing pressure on government’s limited fiscal space, Old Mutual Zimbabwe group chief executive Samuel Matsekete has said. Matsekete said expanding insurance coverage and strengthening climate resilience could help households and businesses absorb losses from the expected climate shocks. Forecasts point…
STRONG investment gains propelled Old Mutual Zimbabwe (Old Mutual)’s profit after tax to US$47,97 million in the half year ended June 30, 2026, as improved market performance boosted earnings across the group. Profit after tax surged 388 percent from US$9,83 million recorded in the prior comparative period, with the sharp increase reflecting a significant improvement…
MASHONALAND Holdings (Mash Holdings) is banking on the planned commencement of pre-sales for its development projects to unlock value from its pipeline and support future growth. The pre-sales strategy is meant to generate upfront cash to fund project servicing and construction while reducing the group’s reliance on external financing amid prevailing funding constraints. In a…
STARAFRICA Corporation (Starafrica) is targeting a 39 percent increase in sales volumes to 83 000 tonnes in the current year ending March 31, 2027, supported by improved pricing and penetration into informal markets. The target compares with 59 596 tonnes sold during the year ended March 31, 2026, as it seeks to improve distribution and…
NEDBANK Zimbabwe’s profit after tax rose 19 percent to ZiG113,2 million in the six months ended June 30, 2026 from ZiG95,2 million a year earlier underpinned by balance sheet growth, diversified revenue and tighter cost management. Managing director Betty Murambadoro, in a statement accompanying the results, said the performance demonstrated the resilience of the bank…
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