Staff Writer
Zimbabwe’s largest building society, CABS, delivered strong financial performance in the first half of 2025, demonstrating its strategic focus and continued resilience.
During the same period, the Bank paid US$1.92 million and ZiG52.7 million in corporate tax in response to the new legislation that now requires building societies to pay corporate tax; hence, the Bank has been compliant
Staff Writer
Zimre Holdings Limited (ZHL) is banking on strategic partnerships and balance sheet optimisation to strengthen returns for shareholders and expand its footprint across Africa.
Speaking on the sidelines of the group’s annual general meeting recently, Zimre chief executive officer Stanley Kudenga said ZHL was under pressure to deliver stronger returns on capital and is turning to asset
Staff Writer
FIRST Mutual Holdings Limited (FMHL) says it is eyeing Zimbabwe’s informal sector as a key growth frontier, with the group unveiling plans to take its products directly to small businesses and entrepreneurs who have traditionally been excluded from mainstream financial services.
Speaking on the sidelines of the group’s annual general meeting recently, FMHL chief executive officer
CABS balance sheet soars 18,3% in first half of 2025
Staff Writer
CABS’ balance sheet grew by 18,3% to ZiG15,21 billion for the half year ended June 30, 2025, largely driven by credit line inflows and increased lending. This was up from ZiG12,85 billion recorded at the end of 2024.
During the period under review, CABS’ credit lines rose to ZiG1,83 billion from ZiG1,42 billion in December 2024,
Staff writer
FINANCIAL jagganaut,CBZ Holdings Limited says it is looking at expanding its micro-insurance products to appeal to the market adding that it will take value from its micro-finance business going into the future.
This comes as the firm says it has several insurance products in the sector including the hospital cash plan and comfort shore plan among others.
Responding to questions
Staff Writer
ZB Financial Holdings says it continues to scout for investment opportunities in the region and beyond, having already been accredited to write business in Tanzania.
Through its insurance operation ZB Life, the group has already established a regional business presence through investment in P&C Reinsurance (Botswana).
“In
Staff Writer
The Insurance and Pensions Commission (Ipec) has encouraged the industry to embrace and adapt to digital transformation, saying it is essential for the industry.
Speaking during the ongoing Insurance Institute of Zimbabwe Winter School in Kariba, IPEC Director of Insurance and Microinsurance Sibongile Siwela said adapting to change was not optional.
Siwela said the sector was currently
Staff Writer
NicozDiamond Limited, a member of First Mutual Holdings, says local market leadership consolidation still remains the group’s key focus that can be used as a springboard for the long-term regional expansion strategy.
Cluster chief executive David Nyabadza, in a statement of financials for the year ended December 31, 2024, said the Group will seek to leverage technology and digital
Staff Writer
The People’s Own Savings Bank (POSB) has unveiled a Solar and Starlink Loan, a transformative financing solution designed to help schools and staff in the education sector across Zimbabwe to access reliable solar energy and high-speed internet connectivity via Starlink.
Chief executive Garainashe Changunda in a statement said this people-centric initiative is a direct response to the