CBZ targets regional insurance expansion as balance sheet nears US$2bn goal

Staff Writer
CBZ Holdings is accelerating its expansion into the regional insurance market as part of a broader strategy to grow an impactful balance sheet to US$2 billion by 2028.

Group chief executive Lawrence Nyazema said in an interview on CNBC Africa on the sidelines of the World Economic Forum in Davos.
Nyazema said CBZ, whose balance sheet has grown from about US$1 billion to just over

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DPC cancels membership of ZB Building Society and FBC Building Society

Staff Writer

The Deposit Protection Corporation (DPC) has announced the cancellation of membership of ZB Building Society and FBC Building Society from the Deposit Protection Scheme following the withdrawal of their operating licences by financial regulators.

In a statement, the DPC said ZB Building Society ceased to be a member of the Scheme after its operating licence and registration were cancelled

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