CBZ expands organisational staff restructuring exercise
Last month, CBZ announced it had embarked on a group restructuring exercise which will result in the departure of 13 senior executives by year end.
By Melody Chikono
Oct. 16, 2024
CBZ Holdings posts ZWG656,3m PAT in H1
This financial position was supported by a customer deposit base of ZWG11,50 billion and advances to customers totalling ZWG4,76 billion.
By Tafadzwa Mhlanga
Sep. 25, 2024
CBZ restructuring sends 13 executives packing
The exercise, which is being carried out across the group, will see the first tranche of the affected executives going on garden leave on October 1 with contracts being terminated by end of year.
By Melody Chikono
Sep. 23, 2024
Big lenders ride out economic storms
The government downgraded projected growth rates for the agricultural sector from an initial -4,9% to -21,2%.
By Mthandazo Nyoni
Sep. 20, 2024
CBZ raises US$115 million in credit lines
The African Development Bank recently said Zimbabwe has an annual funding gap of US$3,76 billion.
By Tatira Zwinoira
Sep. 8, 2024
CBZ Bank appoints Simwaka as MD
Simwaka started his career as an executive trainee with Citi Bank Zambia Limited in 1993 and rose through the ranks to country head of Financial Institutions Business Portfolio.
By Melody Chikono
Sep. 2, 2024
CBZ Holdings eyes regional expansion
CBZ recently completed the acquisition of FMHL, which increased its shareholding to 36,35% in September 2023, and has since made a mandatory offer for the remaining shares.
By Melody Chikono
Aug. 25, 2024
Share dispute holds ZB acquisition plan
Transnational Holdings claims it is still owed an 8,35% stake to reach the agreed 33% shareholding.
By Melody Chikono
Aug. 23, 2024
CBZ mining loan book soars
“As a testimony to this, CBZ mining sector loan book has grown significantly from about 7% in 2021 to current levels of 18%.”
By Mthandazo Nyoni
Jun. 6, 2024
