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
Econet InfraCo deploys 90 new base stations as solar expansion gathers pace
Staff Writer
HARARE – Old Mutual Limited has announced plans to migrate its secondary listing in Zimbabwe from the Zimbabwe Stock Exchange (ZSE) to the Victoria Falls Stock Exchange (VFEX), ending a six-year impasse that left its shares suspended from trading and restoring market access for local investors.
The move, which is subject to regulatory approvals, will see one of Zimbabwe’s largest
Staff Writer
First Mutual Holdings Limited (FMHL) will pay out about US$1,3 million to minority shareholders of First Mutual Properties Limited (FMP) following the successful completion of a voluntary delisting offer that culminated in the property company’s exit from the Zimbabwe Stock Exchange (ZSE).
The cash offer attracted valid acceptances for 39,65 million shares, translating to a
Staff Writer
First Mutual Holdings Limited (FMHL) more than tripled its earnings in the first five months of 2026 after a sharp rebound in investment income offset rising insurance claims and operating costs, underscoring the resilience of the diversified financial services group’s business model.
The insurance and investment group reported a 202 percent jump in profit after tax to US$10,02