Staff Writer
Reserve Bank of Zimbabwe Governor Dr John Mushayavanhu has welcomed a US$30 million financing facility secured by Central Africa Building Society (CABS) from British International Investment (BII), but said more long-term capital was needed to meet the financing requirements of Zimbabwe’s productive sectors.
The four-year facility, which comprises a US$20 million term loan and a planned
Staff Writer
Central Africa Building Society (CABS) has secured a US$30 million financing partnership with British International Investment (BII) to expand access to long-term funding and trade finance for Zimbabwe’s agriculture and food manufacturing sectors.
The facility, comprising a US$20 million term loan signed this week and a planned US$10 million trade finance facility, is expected to strengthen
Staff Writer
First Mutual Holdings Limited (FMHL)’s insurance businesses recorded growth in the first half of the year, but rising claims and acquisition costs continued to put pressure on underwriting margins, highlighting the need for greater claims and cost management.
The diversified financial services group increased insurance contract revenue by six percent to US$92,8 million in the six
Staff Writer
The Reserve Bank of Zimbabwe’s decision to introduce a 30-day ZiG-denominated term deposit facility signals a deliberate shift towards more active liquidity management as the central bank seeks to strengthen the foundations of currency stability.
The ZiG Denominated Term Deposit Facility (ZiGDTDF) Bill gives the Reserve Bank of Zimbabwe (RBZ) another instrument to absorb excess liquidity
Staff Writer
For years, the conversation around Zimbabwe’s young people has largely been framed around unemployment, limited access to finance and the difficulty of transitioning from education into the formal economy.
But the sixth edition of the Old Mutual Value Creation Challenge (VCC) is beginning to demonstrate that there is another, potentially more consequential, way of looking at the country’s
Zimbabwe pensions sector: Asset growth masks deeper funding and member-outcome pressures
Staff Writer
Zimbabwe’s pensions sector entered the second half of 2026 with a stronger balance sheet but a mixed underlying performance, as investment gains pushed total assets higher while contribution arrears, prescribed-asset shortfalls, suspended pensions and weak member benefits continued to expose structural
Staff Writer
CBZ Bank has secured sustainability certification, strengthening its push to embed environmental, social and governance (ESG) considerations into its operations, lending decisions and broader approach to value creation.
The certification, awarded by the International Council of Sustainability Standards for Value-Driven Financial Institutions and the European Organisation for Sustainable
Staff Writer
CABS delivered a mixed but fundamentally resilient performance in the first half of 2026, with strong balance sheet growth and rising interest and fee income providing a solid platform for future expansion, even as higher funding and operating costs weighed on profitability.
The banking society’s loans and advances increased 33 percent to ZWG9,02 billion from ZWG6,78 billion in the
Staff writer
OLD Mutual Zimbabwe is embedding sustainability across its investments, lending, property developments and customer solutions as the financial services group seeks to strengthen the resilience of its business while supporting broader economic development.
The group’s chief executive, Mr Samuel Matsekete, said sustainability was no longer being treated as a standalone corporate initiative,
Harare: OLD Mutual Zimbabwe is sharpening its focus on customer acquisition, underserved market segments and higher-yield business as the financial services group seeks to sustain growth and strengthen profitability amid increasing pressure on margins.
The group is also targeting greater diversification across its businesses, while expanding its support for key economic sectors and scaling newer