Articles tagged 'cbz bank'

Payday for CBZ shareholders 17 April 2018 HARARE - Shareholders of Zimbabwe's largest financial services group by assets, CBZ Holdings (CBZ), are smiling all the way to the bank after the group declared a $1,8 million dividend for the year to December 31, 2017. The group's company secretary Rumbidzayi Jakanani said the payment was sla...
CBZ earmarks $10m for SMEs 24 March 2018 HARARE - Zimbabwe's largest financial services group by asset base, CBZ Holdings, says it has this year set aside $10 million for the development of the country's small to medium enterprises sector. The group's acting chief executive Peter Zimunya told journalists on the sidelines of the ongoi...
CBZ honours young entrepreneurs 10 March 2018 HARARE - The second edition of CBZ Holdings' Youth Entrepreneurship Programme (Yep), came to a high-flying conclusion on Thursday evening with 10 young entrepreneurs receiving awards. The CBZ sponsored programme which is managed by Youth Empowered Life Trust's Jonah Mungoshi and Shingi Chitsik...
CBZ donates to ZimParks 16 December 2017 HARARE - CBZ Holdings has mobilised resources aimed at empowering the Zimbabwe Parks and Wild Life Management Authority (ZimParks) to promote sustainable wildlife management. The financial institution's acting chief executive Peter Zimunya said the $2 500 donation will enable ZimParks to condu...
CBZ trains 1 500 young entrepreneurs 6 December 2017 HARARE – At least 1 500 young business people from around the country have received training in the 2017 edition of Youth Entrepreneurs Programme (Yep) which is now in its second phase with 20 participants set to receive seed funding. The programme which is sponsored by CBZ Holdings and manage...
CBZ Bank rewards e-customers 29 November 2017 HARARE – Zimbabwe's leading commercial bank, CBZ Bank has launched a promotion to reward its clients for evolving and adopting the use of mobile transactions using CBZ Touch mobile application — the country's first fully integrated financial services mobile application. The promotion is open t...
Minister Mpofu in trouble over $3m debt 15 March 2017 HARARE - Macro-Economic Planning minister Obert Mpofu could lose his plush Glen Lorne property after he was dragged to the High Court by CBZ Bank over a long over-due debt of nearly $3 million. According to court documents, Mpofu's now-defunct financial institution, Allied Bank, borrowed the m...
CAPS needs $6 million for recapitalisation 9 December 2016 HARARE - CAPS Holdings, Zimbabwe's largest pharmaceutical group, urgently requires $6 million in recapitalisation funds, with the drug-maker currently operating at five percent of installed capacity. Government assumed control of the stuttering drug-maker in August after buying out ex-major sh...
Mubaiwa off the hook 8 December 2016 HARARE - Dynamos president Kenni Mubaiwa did not lose property to bailiffs owing to the club's debt after his lawyers successfully applied for a stay of execution. The Glamour Boys are currently battling to offset a $250 000 debt owed to CBZ Bank dating back to 2011 which has resulted in a num...
DeMbare property to be auctioned 3 November 2016 HARARE - Property belonging to Dynamos and a number of their officials will be auctioned today in the capital to recover a $250 000 debt owed to CBZ Bank Limited. According to a notice published in the media at the weekend, the property will go under the hammer at an auction to be conducted by...
DeMbare in turmoil over 2011 debt 25 October 2016 HARARE - Dynamos' off-field problems continue to mount after CBZ Bank Limited was awarded a writ of execution to attach the club's property and that of former executive members owing to a 2011 debt. With interest rates and legal costs, DeMbare are now required to pay approximately $250 000 to ...
CBZ unveils $10m SMEs facility 3 September 2015 HARARE - Zimbabwe's largest financial services group by asset base, CBZ Holdings (CBZ), has unveiled a $10 million facility to stimulate and support growth in the small-to-medium enterprises (SMEs) and micro finance sectors. Its chief executive, Never Nyemudzo, told businessdaily yesterday tha...
Ngolomi loses studio equipment 3 December 2014 HARARE - Times are really hard for music producer, Lyton Ngolomi. The once high-flying producer has seen his stars dim in recent weeks and yesterday more woes hit him as a local bank attached his studio equipment over a failed loan settlement. The assets which include Proline black desktop,...
CBZ, CABS meet RBZ capital requirements 28 October 2014 HARARE - CBZ Holdings and CABS have already met the $100 million minimum capital requirements set by the Reserve Bank of Zimbabwe (RBZ) six years ahead of the deadline. The central bank, which early this year extended the minimum capital requirements from June this year to June 2020 due to a b...
CBZ deposits up 36pc 5 May 2014 HARARE - Zimbabwe's largest financial institution by assets CBZ Bank (CBZ) says its year-on-year deposits went up 36 percent to $1, 4 billion as at March 31, 2014 from $1 billion last year. CBZ Holdings — the bank’s parent — newly appointed chief executive Never Nyamudzo said CBZ recorded the ...
CBZ posts $37m profit 26 February 2014 HARARE - CBZ Holdings Limited (CBZ) has recorded a profit after tax of $36, 7 million for the year to December 31, 2013 despite the economic challenges facing the country. Due to the group’s prudence in providing $19,4 million for bad debts or non performing loans, the profit went down from $4...
CBZ, Tuli in debt agreement 14 February 2014 HARARE - CBZ Bank Limited (CBZ) has agreed on a settlement plan with Reserve Bank of Zimbabwe (RBZ)’s subsidiary Tuli Coal (Tuli) following plans to attach the latter’s property over an unspecified debt. The financial institution intended to auction — through Hammer and Tongues (HT) — Tuli’s l...
CBZ, Sakunda's $120m deal 18 December 2013 HARARE - CBZ Bank Limited (CBZ) has secured a $120 million credit facility from a top European bank, businessdaily can reveal. The money, which is expected to go a long way in easing the current liquidity crunch, was obtained with the help of its partners, including Sakunda Holdings (Private) ...
CBZ issues $35m agro bonds 17 September 2013 HARARE – Zimbabwe's largest financial group by assets and earnings, CBZ Bank, has issued agro bonds worth $35 million to raise funding for the 2013/14 soya bean production season. The bonds — with a 272-day tenure and attracting a 10,5 percent interest — are expected to boost soya bean product...