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.Advertisements 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…
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.Advertisements The financial institution’s key revenue streams, including interest income, fees and commissions, registered significant growth during…
ZIMBABWE’s real GDP growth is projected to moderate to 4,5 percent this year, buoyed by a sustained recovery in the agricultural sector and the continued expansion of the mining industry, a new report shows.Advertisements According to the latest outlook report from the African Development Bank (AfDB), growth will be underpinned by the strong performance of…
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.Advertisements 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.Advertisements 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.Advertisements 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…
AMALGAMATED Regional Trading (ART) has raised about US$1 million in just over a year from non-core asset disposals earmarked for settling legacy obligations, its chief executive Milton Macheka has said.Advertisements The disposals, which began at the beginning of the 2025 financial year and are still underway, form part of a broader capital-raising and retooling strategy…
BANCABC reported a 48,9 percent year-on-year increase in loan book to ZiG2,2 billion for the year ended December 31, 2025, from ZiG1,5 billion in the prior year, driven by increased credit demand across all sectors of the economy.Advertisements The bank benefited from robust deposit growth and stable funding sources. Net interest income after credit loss…
ZIMBABWE risks squandering its potential to become an industrial powerhouse due to a persistent disconnect between the country’s universities and its ageing industrial sector, an official said.Advertisements The concerns were raised during a conference focused on boosting local procurement and manufacturing. Speaker of Parliament Jacob Mudenda highlighted policymakers’ concern over a disconnect between education and…
ZIMBABWE’s diamonds have earned a high-level quality endorsement from the Dubai Multi Commodities Centre following the successful shipment of more than 500 000 carats of precious stones to the United…
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