By ETimes
HARARE – CABS has cemented its position as a leader in sustainable banking and digital transformation, securing runner-up positions in both ESG and Digital Innovation categories at Zimbabwe’s 2024 Banks and Banking Survey Awards.
The recognition comes as the African Development Bank (AfDB) prepares a US$100 million ESG facility to support CABS and parent company Old Mutual Zimbabwe.
With regulators and investors increasingly prioritizing sustainability, CABS has embedded ESG principles across its operations—from lending decisions to supplier contracts.
This aligns with AfDB’s push to help financial institutions balance profitability with planetary responsibility.
Amid Zimbabwe’s liquidity challenges, CABS has turned to technology to streamline services and boost revenue. The bank has upgraded digital onboarding and contact centers, launched new payment channels and scaled backend automation
The 2024 Banks and Banking Survey and awards were held on Thursday, 12th December 2024 and the event ran under the theme “Weaving through a dynamic liquidity terrain in Zimbabwe.”
With AfDB’s backing and award-winning innovations, CABS is positioning itself as a future-ready lender, one transaction and tree-planting initiative at a time.
