ZB FINANCIAL Holdings (ZBFH) recorded a 25 percent increase in total income to ZiG3,89 billion for the year ended December 31, 2025, underpinned by sustained growth in core business lines despite pressure on profitability. This mirrors domestic market-wide trends, where financial institutions no longer rely on volatile revaluation gains following recent macroeconomic stability. The group’s…
RIOZIM is seeking shareholders’ approval to execute a series of corporate actions, including asset disposals, debt restructuring and financing as part of its proposed turnaround strategy. The Zimbabwe Stock Exchange-listed metal and mining company has been struggling for profitability owing to a confluence of challenges, mainly, weak cash flow, high debt levels, undercapitalisation and antiquated…
OLD Mutual Zimbabwe (OMZ) says its rollout of new propositions across key business units drove strong growth, with revenue rising 29 percent to US$194,8 million for the year ended December 31, 2025. The diversified financial services group expanded product distribution to reach underserved markets in its insurance business, while its banking unit focused on mobilising…
ECONET InfraCo (InfraCo) made its maiden trading on Victoria Falls Stock Exchange (VFEX) this week, Tuesday, adding just above US$900 million in equity, pushing overall market capitalisation to an unprecedented US$3,88 billion. Accounting for approximately 23 percent of overall market value, the telecommunications infrastructure service provider closed the session at US$0,30 per share after a total of…
TN CyberTech Investments Holdings (TN CyberTech) disbursed 612 000 nano loans across underserved segments in the 10 months to December 31, 2025, in line with its financial inclusion thrust to grow the loan book. Since rebranding from Steward Bank last year, the financial services group has remodelled its banking subsidiary into a neobank, leveraging scalable,…
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…
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…
THE hospitality sector is facing mixed prospects this Easter, with some industry players anticipating a moderate dip in visitor numbers due to recent fuel price hikes, while others have noted steady growth in bookings. Amid escalating conflict in the Middle East and the resulting disruption to global aviation networks, some Zimbabweans appear to be shifting…
OLD Mutual Zimbabwe says it is cautiously optimistic about the country’s market outlook, citing sustained macroeconomic stability supporting operations despite external risks from the Middle East conflict. This comes as the diversified financial services group posted a 43 percent year-on-year increase in after tax profit of US$40,177 million for the year driven by new propositions…
THE National Railways of Zimbabwe (NRZ) is set to appoint a substantive general manager early next month as part of efforts to revitalise the parastatal, its parent company, Mutapa Investment Fund (MIF) has said. The national rail company has been operating for over a year without a substantive general manager after Respina Zinyanduko, the first…
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