Articles tagged 'cbz'

Zim banks go paperless 25 May 2018 HARARE - Like ducks to water, Zimbabwean retail banks are embracing technology to the point of doing away with paper transactions in their banking halls. This week, CABS became the latest institution to ditch paper-based transactions, urging customers to use their more convenient digital platf...
Minister ordered to pay back $400k 9 May 2018 HARARE - The High Court has ordered Labour and  Social Welfare minister Petronella Kagonye to pay over $400 000, including interest, borrowed from a local bank over five years ago. The court heard on May 24, 2011, CBZ Bank Limited and Kagonye entered into an agreement in which the bank agreed ...
Ex-newscaster to lose property over $500k debt 28 April 2018 HARARE - Popular newscaster and former ZBC presenter Musorowegomo Mukosi is set to lose property over a $500 000 CBZ Bank Limited (CBZ) debt. According to a writ of execution directed to the Sheriff for Zimbabwe from the High Court registrar — issued on April 11, this year, Mukosi is set to lo...
CBZ declares $3,5m dividend 20 March 2018 HARARE - CBZ Holdings (CBZ) has declared a $3,5 million dividend for the full year to December 2017, a 10 percent increase on prior comparable period spurred by good performance from all units. CBZ chairperson Noah Matimba said the group — which posted a 17 percent after tax profit to $27,8 mi...
CBZ hunts for new CEO 9 February 2018 HARARE - Zimbabwe's largest financial services group by asset base, CBZ Holdings, has begun the hunt for a new chief executive to replace Never Nyemudzo who retired on December 31, 2017. Nyemudzo, who retired to “pursue personal interests” after leading the institution for only three years, wa...
Former newscaster fails to repay $116k 3 February 2018 HARARE – Former Zimbabwe Broadcasting Corporation (ZBC) newscaster Walter Mupfanochiya has been dragged to the High Court for failing to pay back $116 000 owed to CBZ Bank. Zimbabwe’s biggest banking group CBZ Holdings on Tuesday filed summons citing Mupfanochiya and Claris Media Vambe as resp...
Chombo remains behind bars 2 December 2017 HARARE – Former Finance minister Ignatius Chombo yesterday remained behind bars after High Court judge Clement Phiri deferred the hearing to next Wednesday to enable the State to file its response. Prosecutor Tapiwa Kasema applied to have the matter postponed, claiming that the record from the...
Financial inclusion pays off for CBZ 13 March 2017 CBZ’S aggressive drive to mop up unbanked clients under its ambitious financial inclusion programme is paying off as the financial services behemoth has netted more than 170 000 previously unhooked customers and here Group Chief Executive Never Nyemudzo speaks to Senior Assistant Editor Guthrie M...
Mudzingwa scoops CBZ top prize 11 March 2017 HARARE - Emerging entrepreneur Sipho Mudzingwa has scooped the CBZ Holdings (CBZ)’s Youth Entrepreneurs Programme (Yep) top prize. At a glitzy function held at a five-star hotel in the capital, Mudzingwa — who runs a mobile kitchen business called Chigutiro: Food on Wheels — got $3 000 that wa...
CBZ empowerment scheme reaches climax 7 March 2017 HARARE - Zimbabwe's largest financial services group by asset base, CBZ Holdings (CBZ), said its ambitious $40 000 entrepreneurship empowerment programme has reached the climax with winners expected to be announced this week. The project, which has resulted in over 660 youths being trained by ...
CBZ wins $2bn tender to refurbish varsities 2 March 2017 HARARE - Zimbabwe's largest banking group, CBZ Holdings (CBZ), has won a $2 billion infrastructure bond tender to refurbish the country's tertiary institutions. This comes as the institutions critically need investment in infrastructure rehabilitation. “CBZ has been selected as the successf...
CBZ suspends local Visa transactions 6 January 2017 HARARE - Zimbabwe's largest financial services group by assets, CBZ Holdings (CBZ), has, with effect from January 15, suspended the use of the Visa card on the local market. In a statement released to depositors yesterday, the financial institution also announced new limits for international t...
Kamba: Door open for Marriot 12 December 2016 HARARE - The newly-chosen Dynamos board of directors yesterday extended an olive branch to Bernard Marriot as the battle to control the Glamour Boys heats up. Former DeMbare player and coach Ernst Kamba was appointed the interim board chairman at an Extra-ordinary General Meeting (EGM) held on...
Mubaiwa defends DeMbare 11 November 2016 HARARE - Dynamos president Kenni Mubaiwa has slammed the club's previous executive for failing to offset a $250 000 debt with CBZ Bank Limited. Property belonging to the club, board chairperson Marriot-Lusengo and former executives Farai Munetsi, Ignatius Michael George, Harrison Mbewe and Joh...
Kamba lays into DeMbare leaders 9 November 2016 HARARE - Dynamos founding member Ernest Kamba says it is high time the Bernard Marriot-Lusengo-led board and executive stepped aside following the club's failure to repay a debt with a local bank. Property belonging to the club, Marriot-Lusengo, club president Kenni Mubaiwa and former executiv...
CBZ bails out UK-bound Gatsi 21 September 2016 HARARE - Global Sports Academy (GSA) footballer Munashe Gatsi is a step closer to fulfilling his dream after financial services giant CBZ Holdings, funded his England trip for trials at three different clubs. Gatsi is set to try his luck at English Premiership clubs Crystal Palace and Watford ...
CBZ raises $50m to buy maize 16 September 2016 HARARE - Zimbabwe’s largest commercial lender, CBZ, is back on the market to canvas $50 million through Agricultural Marketing Authority bills, to finance the purchase of maize by the Grain Marketing Board (GMB). The bills, which opened on Monday this week, have an interest rate of 8,5 percent...
CBZ, NMBZ win top corporate governance awards 16 November 2015 HARARE - Zimbabwe’s largest financial services group CBZ Holdings has won the trophy for the Best Governed Company on the Zimbabwe Stock Exchange for the second year running, while NMB Bank was awarded the trophy for the Best Governed Banking Institution. The Zimbabwe Investment Authority won ...
CBZ partners Sables 6 July 2015 HARARE - Financial services giant CBZ Bank Limited has come on board as the official kit sponsor for the Sables for today’s Rugby Afrique Division 1A Championship match against Tunisia at Prince Edward School. “This sponsorship is for this year. We had initially not put rugby on our radar this...
CBZ declares $1,2 million dividend 20 August 2014 HARARE - Zimbabwe’s largest financial services group by assets, CBZ Holdings (CBZ) has declared an interim dividend of $1,2 million for the half year ended June 30, 2014. The group’s Board declared a half-yearly cash dividend of $0,183 per share on its common stock to be paid on September 16, ...
Govt blamed for loan defaults 6 July 2014 HARARE - Financial services group, CBZ Holdings has blamed government’s sloppy vetting exercise for most defaults in the disbursement of the Youth Development Fund. Never Nyemudzo, CBZ Holdings chief executive last week told a parliamentary committee on Youth and Indigenisation that although t...
RBZ hints on reviewing banks' capital requirements 2 July 2014 HARARE - Reserve Bank of Zimbabwe (RBZ) governor John Mangudya (pictured) has hinted that the central bank might review the $100 million minimum capital requirements for banks. The central bank chief on Monday told Parliament that the strength of Zimbabwe's financial institutions “should be ju...
Multiple currency regime to stay, says RBZ chief 1 July 2014 HARARE - Reserve Bank of Zimbabwe (RBZ) governor John Mangudya has said Zimbabwe will continue using the multiple currency system for the foreseeable future. Mangudya yesterday told the parliamentary portfolio committee on Finance and Economic Development that the multiple currency system had ...
'Youths don't qualify for loans' 26 June 2014 HARARE - Most youths will not benefit from government’s Youth Development Fund (YDF) as they do not meet the loan criteria, financial institutions said. The Infrastructure Development Bank of Zimbabwe (IDBZ) and Central African Building Society (Cabs) — the institutions tasked with disbursing ...
Zanu PF rolls out $2,4bn agric project 13 June 2014 HARARE - President Robert Mugabe’s Zanu PF Youth League yesterday unveiled an ambitious $2,4 billion revolving agricultural facility under a joint venture with Lasch Enterprises Pvt Ltd. The project, which is on a guarantee-only basis, is targeting 800 000 farmers, with each farmer due to get ...