CBZ secures US$1:ZiG1 debt shield amid expansion drive

CBZ Holdings Limited (CBZ) has secured a strategic settlement agreement with the Reserve Bank of Zimbabwe (RBZ) to clear US$74,84 million in legacy and nostro gap liabilities at a US$1:ZiG1 rate, shielding its capital position amid an expansion strategy.

Settling these obligations at a 1:1 parity serves as a critical de-risking mechanism that transforms a volatile multi-million-dollar liability into a predictable, fixed-cost administrative process.

Consequently, CBZ has effectively shielded its ZiG9,13 billion total equity, as of last year, from currency-induced erosion and prevents massive exchange losses from impacting its profit after tax of ZiG1,44 billion in its financial year ended December 31, 2025, up 759,7%.

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