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Afreximbank extends US$50 million facility to CBZ Holdings

TweetShareSharePin0 SharesBy ETimes HARARE – The African Export-Import Bank (Afreximbank) has extended a US$50 million facility to CBZ Holdings and CBZ Bank to support the bank’s short-term financing needs. The…

CBZ Holdings restructuring sees 347 job cuts amid strategic shift

TweetShareSharePin0 SharesBy ETimes HARARE – CBZ Holdings has concluded a restructuring exercise that impacted 347 staff roles out of its workforce of 1,448. The initiative, which began in October 2024,…

US$15m facility to support construction of 3 000 houses in Zim 

TweetShareSharePin0 Shares ….Shelter Afrique Development Bank extends US$15m housing loan to CBZ Bank By ETimes HARARE – Shelter Afrique Development Bank (ShafDB) has extended a US$15 million credit facility to…

Ecobank named best employer among the largest Zimbabwean banks

TweetShareSharePin0 Shares…as stock market investors gain $1.36 trillion By ETimes The Zimbabwe Stock Exchange closed Thursday significantly higher with 15 advancing stocks and 2 decliners. This comes as the local…

The Banker magazine names Stanbic as bank of the year in Zim

TweetShareSharePin0 SharesBy ETimes Stanbic Bank has been selected 2023 Bank of the Year in Zimbabwe by world renown London-based magazine, The Banker, cementing its place as one of the country’s…

CBZ shares gain 5.30% after board changes

TweetShareSharePin0 SharesBy ETimes CBZ Holdings shares on Wednesday gained 5.30% to close at $2,096.50 after board changes. This follows the retirement of CBZ Holdings Limited chairman Marc Holtzman and group…

ANALYSIS| Rising Interest Rates Cause Concern as CBZ 9-Month Revenue Reaches ZWL$1.5 trillion

TweetShareSharePin0 SharesBy ETimes Commentary and Analysis The relatively stable currency environment of Q3 saw a moderate recovery in the groups balance sheet, with total assets and deposits closing marginally higher,…

Fresh Non-Performing Loans risk looms

TweetShareSharePin0 SharesBy ETimes Zimnat Asset Management through its weekly economic report warned that a fresh round of dollarization driven by the extension for use of US Dollars might result in…

NMB shares rose 3.71% after appointing Pearson Gowero as chair

TweetShareSharePin0 SharesBy ETimes NMB share price surged over 3% on Friday’s session following the appointment of Pearson Gowero, a seasoned business leader, as chairman of the bank. He is taking…

CBZ Holdings reports 696.1% YoY profit surge in 9 months

TweetShareSharePin0 SharesBy ETimes The net profit for the first nine months of 2023 at CBZ Holdings was $636.64 billion, up 696.1% from $79.97 billion in the comparative period, according to…