FINANCIAL SERVICES

Agribank lines up $98m agric, export facilities

AGRIBANK has lined up agriculture and export facilities totalling $98 million and about $20 million has so far been snapped up as the bank steps up efforts to play its key mandate of financing agricul...

By Staff reporter | Published: 17 August 2017

FINANCIAL SERVICES

Barclays Zim divesture to be completed in 2H

Barclays Plc, parent company for Barclays Zimbabwe expects to complete its divestiture from the local operation during the second half of 2017 as the banking firm eyes maintaining profitability going ...

By Staff reporter | Published: 16 August 2017

FINANCIAL SERVICES

Short-term deposits continue to affect lenders

THE country's broad money supply continues to be dominated by short-term deposits, a factor that constrains the local financial services sector's capacity to lend to critical sectors of the economy on...

By Staff reporter | Published: 16 August 2017

FINANCIAL SERVICES

Econet reduces MasterCard international limits

ECONET Wireless' mobile money transfer service EcoCash says it will be implementing international limit restrictions on its MasterCard debit card due to foreign currency challenges being experienced i...

By Staff reporter | Published: 16 August 2017

FINANCIAL SERVICES

EcoCash tightens transaction limit

Zimbabwe's cash crisis seems to be worsening every day, with Econet subsidiaries EcoCash and Steward Bank putting further restrictions on the foreign currency its customers can access for US dollar pa...

By Staff reporter | Published: 15 August 2017

FINANCIAL SERVICES

ZB engages Visa, card ready in Q3

ZB Financial Holdings is working towards the introduction of Visa cards in the third quarter of the year.Visa is a global payments technology company that connects consumers, businesses, banks and gov...

By Staff reporter | Published: 15 August 2017

FINANCIAL SERVICES

First Mutual plans rights issue

First Mutual  Life Holdings Limited (FMHL) last week announced plans to pursue a rights offer to raise $17,25 million, the businessdaily can report.The implementation of the rights offer will dep...

By Staff reporter | Published: 15 August 2017

FINANCIAL SERVICES

ZB in massive land bank acquisition

Listed financial services group ZB Financial Holdings has embarked on a massive acquisition of land across the country to support strategic growth.The group chief executive officer, Ronald Mutandagayi...

By Staff reporter | Published: 15 August 2017

FINANCIAL SERVICES

CBZ bemoans growing rental arrears

LISTED financial services group CBZ Holdings has bemoaned growing rental arrears, restrained rental yields and low occupancy levels obtaining in the commercial property sector for weighing down on ove...

By Staff reporter | Published: 15 August 2017

FINANCIAL SERVICES

ZB sets aside $10m for land bank acquisitions

ZB Financial Holdings says the acquisition of land banks remains a focus area for the group as it believes this to be a source of strategic growth in the future.Speaking at the group's analysts briefi...

By Staff reporter | Published: 15 August 2017

FINANCIAL SERVICES

Insurance directors under scrutiny

The Insurance and Pension Commission is working on new amendments which if approved would result in significant changes in some insurance company boards and management.While the proposed amendments we...

By Staff reporter | Published: 14 August 2017

FINANCIAL SERVICES

IDBZ gets $20 million capital injection

The government has since January injected US$20 million fresh capital in the Infrastructure Development Bank of Zimbabwe (IDBZ) to enhance its capacity in undertaking several projects across the count...

By Staff reporter | Published: 13 August 2017

FINANCIAL SERVICES

Zimbabwe cash shortages reach alarming levels

The cash shortages in Zimbabwe have reached alarming levels to an extent where getting money has become so hard and expensive for the poor nationals.The rich and the powerful view the issue of an ordi...

By Stephen Jakes | Published: 11 August 2017

FINANCIAL SERVICES

CABS interim profits decline

Mortgage lender, CABS profit for the half year to June 30, 2017 amounted $16 million, which was 20 percent lower than $20 million reported in the same period last year.The decline was on the back of ...

By Staff reporter | Published: 14 August 2017

FINANCIAL SERVICES

National Building Society unveils houses

The National Building Society (NBS) on Thursday unveiled 65 newly built low-cost houses in Amalinda high-density suburb.The houses will mainly benefit workers from the Tobacco Industry and Marketing B...

By New Ziana | Published: 11 August 2017

FINANCIAL SERVICES

Banking stocks turn off investors

Banking stocks are still a huge turnoff for investors on the local equities market if valuation multiples are anything to go by.A look at price-to-book ratios of Zimbabwe Stock Exchange (ZSE)-listed c...

By Staff reporter | Published: 11 August 2017

FINANCIAL SERVICES

Old Mutual avoids monetary assets

Old Mutual Ltd will take positions in real assets and avoid monetary assets to preserve value, CE Jonas Mushosho said.This comes amid concerns inflationary pressures are re-emerging in the economy.Mus...

By Staff reporter | Published: 11 August 2017

FINANCIAL SERVICES

Barclays confirms windfall to Zimbabwe workers

Barclays Plc and the Barclays Bank of Zimbabwe board of directors are constituting a board of trustees to superintend the 322 998 026 ordinary shares to be housed under the Employee Share Ownership Tr...

By Staff reporter | Published: 11 August 2017

FINANCIAL SERVICES

FMHL to merge Nicoz Diamond, TristarInsurance

First Mutual Holdings Limited (FMHL) is planning to merge Nicoz Diamond Insurance Limited (NDIL) and TristarInsurance Company Limited if its proposed acquisition of the former goes through. The implem...

By Staff reporter | Published: 11 August 2017

FINANCIAL SERVICES

ZB seeks $35m lines of credit

ZB Financial Holdings (ZBFH) is negotiating for $35 million lines of credit from regional banks, as it seeks to fund its various operations."The group has made inroads in mobilising lines of credit. A...

By Staff reporter | Published: 11 August 2017

FINANCIAL SERVICES

Njanike to head Empower Bank

Former Interfin Bank Limited managing director Raymond Njanike will be spearheading the establishment of the newly formed EmpowerBank following his appointment as board chairman of the institution.Gov...

By Staff reporter | Published: 11 August 2017

FINANCIAL SERVICES

ZB surprises the market, increase earnings by 40%

ZBFH reported a better than expected H1 17 performance highlighted by a 39.9% increase in attributable earnings to $7.9m, for eps of US 4.49cents. The performance was driven by increased transactional...

By Ngoni Shenjere | Published: 10 August 2017

FINANCIAL SERVICES

Old Mutual Zimbabwe revenue grows 175%

Old Mutual Zimbabwe Limited published a robust set of numbers underpinned by a 175% growth in total revenue to $384.9m. Despite Gross Premium Written declining by 2% to $100.8m fees income from asset ...

By Staff reporter | Published: 10 August 2017

FINANCIAL SERVICES

Barclays Zimbabwe posts a strong set of financials

Barclays posted a strong set of financials for H1 17, showing a 2.9x surge in attributable earnings to $9.5m, just shy of FY 16 earnings of $10.8m. NII income was supported by the bank's access to low...

By Staff reporter | Published: 10 August 2017

FINANCIAL SERVICES

ZB resumes international business

FINANCIAL services group, ZB Financial Holdings, has resumed international business after it was removed from the United States of America sanctions list last year, group chief executive officer, Ron ...

By Staff reporter | Published: 10 August 2017
Pages:
1
2
3
4
5
6
7
8
9
...

Latest News

Latest Published Reports

Latest jobs

BYOBanner