EMPOWER Bank is betting on new customer acquisitions across the retail and SME banking segments to boost deposits and ultimately grow its balance sheet.The youth-focused micro-bank opened 5 633 accounts during the first half of the year and disbursed 122 loans.“We will focus on growing our customer base through acquisition of new customers as well…
NEDBANK Zimbabwe assets grew 20 percent year-on-year to ZiG6,2 billion during the six months to June 30, 2025 supported by strong customer deposits.Deposits increased 27 percent to ZiG4,1 billion which was used to fund loans and advances which grew 23 percent.“The bank invested excess liquidity in local and foreign placements and treasury bills, boosting net…
BY EDDIE CROSS OUR national health budget is about US$800 million. That is just US$50 per capita. Not a lot of money to provide health care to 16 million people. Eighty percent of this goes into the maintenance and operation of about 100 major hospitals and 1 600 health clinics. Very little remains for public…
THE air in Harare is thick with a familiar mixture of hope and scepticism following the recent visit of a Qatari Sheikh.Promises of multi-billion-dollar investments, from energy to agriculture, have been made, sparking a frenzy of speculation about a new era of economic growth.Yet, for many, the grand declarations feel like a rerun of a…
By Bothwell P Nyajeka LAST week I was in Bulawayo for the Public Sector Accountants Convention organised by the Institute of Chartered Accountants of Zimbabwe. This annual event brings together finance directors and accountants from government, local authorities, and state-owned enterprises to share insights, network, and seek solutions to challenges in the public sector.This year’s…
CALEDONIA Mining Corporation (Caledonia)’s revenue for the year is projected at around US$255,4 million, on the back of sustained gold price rally, equities analysts IH Securities (IH) has said.IH projects gold price to average US$3,169 per ounce (oz) for the rest of 2025.Gold prices demonstrated upward momentum, with the half-year average rising 40 percent to…
THE Competition and Tariff Commission (CTC) handled a slightly lower number of mergers and acquisitions in 2024, approving 13 transactions with a total consideration of over US$164,9 million.Of the 23 local mergers handled by the Commission, 13 were concluded in the year. Nine of these were approved unconditionally, three were approved with conditions and one…
EMPOWER Bank is betting on new customer acquisitions across the retail and SME banking segments to boost deposits and ultimately grow its balance sheet.The youth-focused micro-bank opened 5 633 accounts during the first half of the year and disbursed 122 loans.“We will focus on growing our customer base through acquisition of new customers as well…
THE inaugural State of the Micro, Small and Medium Enterprises (MSMEs) in Zimbabwe Survey Report and Awards ceremony is scheduled to take place next month in Harare, organisers have announced.The initiative — a collaboration between The Financial Gazette — the country’s number one business publication and prime voice for industry and commerce — and the…
THE Deposit Protection Corporation (DPC) has urged individuals and businesses to use formal banking channels rather than stashing large sums of money at home or business premises to avert armed robberies. DPC, an independent statutory body established under the DPC Act to administer Zimbabwe’s Deposit Protection Scheme, said police reports show a worrying trend of…
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