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
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
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
Staff Writer
CABS committed US$20 million to the US$125 million syndicated financing facility for Mutapa Gold Resources’ Shamva Hill project, reaffirming its commitment to supporting strategic sectors of the economy through long-term financing partnerships.
Speaking at the signing ceremony last Thursday, CABS Deputy Managing Director Mr Cecil Ndoro said the bank remained committed to working
Staff Writer
Old Mutual is preparing to launch a US$46,2 million Development Real Estate Investment Trust (REIT) on the Victoria Falls Stock Exchange (VFEX), expanding the range of long-term investment assets available to institutional investors.
The US dollar-denominated REIT, sponsored by Old Mutual Life Assurance Company and managed by Old Mutual Investment Group, is expected to open for subscriptions
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