ZIMPLOW Holdings strengthened its financial position in 2025, delivering a resilient performance that underscores steady progress in its turnaround strategy despite a challenging operating environment. The group recorded a 13 percent increase in revenue to US$33,5 million, while loss before tax narrowed sharply by 85 percent to US$492 180, reflecting improved cost control, operational efficiencies…
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…
THE reduction of licences, permits, levies and fees in the tourism industry has improved the ease of doing business in the sector, local airline Fastjet Zimbabwe says. The reforms are…
THE People’s Own Savings Bank (POSB) recorded a 42 percent increase in deposits to ZiG1,94 billion during the year ended December 31, 2025, from ZiG1,37 billion in 2024, driven by targeted deposit mobilisation efforts, which supported overall business growth. The financial institution’s key revenue streams, including interest income, fees and commissions, registered significant growth during…
FIRST Capital Bank (FCB) added over 60 000 individual accounts to its existing 605 561 in 2025, driven by a robust customer acquisition strategy and market-tailored financial solutions. In addition, the bank established more than 1 000 new corporate relationships during the year, which saw customer deposits growing by 12 percent to US$200 million for…
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,…
RAINBOW Tourism Group (RTG)’s room inventory increased by 10 percent to 979 rooms for the year ended December 31, 2025, up from 879 rooms in the prior year, driven by new hotel acquisitions that support its growth strategy. During the year, the group spent US$13,4 million towards the acquisition of new business entities, namely Montclair…
SHAREHOLDERS of CFI Holdings (CFI) have raised concern over the prolonged use of acting roles, which has seen some senior managers holding interim positions for as long as nine years. The concerns were raised at the group’s annual general meeting last week Thursday, where investors questioned the continued lack of substantive appointments in key leadership…
AFRICAN Century posted a profit after tax of ZiG86,5 million during the year ended December 31, 2025, from ZiG21,3 million the previous year, driven by robust growth in lending activities and fee-based income. The microbank’s loan book increased by 93 percent to ZiG404,5 million in 2025 from ZiG209,6 million the previous year, driven by improved…
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