Government slashes more burdensome fees

THE government has moved to reduce the cost of doing business by cutting licences, permits, levies and fees across key sectors of the economy, including financial services, manufacturing and health. The reforms are expected to ease operational costs for businesses and improve compliance by simplifying regulatory processes. Addressing a post-Cabinet media briefing in Harare last…

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BancABC rebounds to ZiG194 million profit

AFRICAN Banking Corporation (BancABC) reported a profit after tax of ZiG193,9 million for the year ended December 31, 2025, rebounding from a ZiG474,5 million loss in the prior year, driven by higher transactional volumes and diversification efforts. The bank embarked on a robust customer acquisition and market expansion drive underpinned by improved service accessibility through…

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FBC Holdings posts US$30 million profit

FBC Holdings (FBC) posted a US$30.4 million profit for the year ended December 31, 2025, up 70 percent from US$17.9 million in 2024, attributable mainly to growth in non-interest income. The diversified financial services group’s topline was also bolstered by a positive insurance service result of US$4,15 million, overturning the previous year’s loss position of…

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SuccessBank profit surge on aggressive lending

SUCCESSBANK posted a 51,5 percent increase in profit after tax of ZiG29,97 million for the year ended December 31, 2025, from ZiG19,78 million the previous year, mainly supported by the expansion of the lending book. The deposit-taking micro-lender capitalised on demand for credit across the market to execute its aggressive lending activities. Net interest income…

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