Articles tagged 'cbz holdings'

CBZ rolls out sustainable life assurance services 10 February 2018 HARARE - Zimbabwe's largest financial institution by assets, CBZ Holdings (CBZ), says it will leverage on its strong balance sheet to roll out sustainable life assurance services with guaranteed returns. The Zimbabwe Stock Exchange-listed group, which superintends over a range of financial ser...
CBZ tackles high unemployment 28 October 2017 HARARE - Zimbabwe's largest financial services group, CBZ Holdings (CBZ), said it has intensified efforts to empower thousands of the country's unemployed youths through skills training. The group's senior manager marketing Joel Gombera told the businessdaily that CBZ — under its Youth Entrepr...
Man charged with killing CBZ boss 27 October 2017 HARARE - A Harare motorist who reportedly caused the death of CBZ Holding's chief governance and compliance officer, Walter Ngonidzashe Zure, after ramming into him during his routine morning jog, appeared in court yesterday. Farai Nhende, 34, of Munro, Cranbone appeared before Harare magistra...
CBZ boss Nyemudzo fired? 25 October 2017 HARARE - Zimbabwe's largest financial services group, CBZ Holdings (CBZ), has severed ties with its chief executive officer, Never Nyemudzo. The veteran banker — who has since been replaced by Peter Zimunya on an acting capacity — was on Wednesday sent on forced leave pending his “resignation”...
CBZ supports low interest rates 28 March 2017 HARARE - Intergrated financial services group, CBZ Holdings (CBZ), said the new low interest rates regime will help promote economic growth through increased production. This was after the Reserve Bank of Zimbabwe (RBZ) put a cap on interest rates at 12 percent effective next month in an effor...
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...
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...
CBZ targets SMEs 17 June 2016 HARARE - Zimbabwe's largest financial services group by asset base, CBZ Holdings, has advised the small to medium enterprises (SME's) to make their businesses attractive to investors. “The SME sector represents a substantial portion of all economic activity in the country,” CBZ Bank head of SM...
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...
CBZ seeks investors for Mauritius fund 11 August 2014 HARARE - Financial group CBZ Holdings (CBZ) is seeking investors to inject money into its Mauritius-based fund. The CBZ Global Fund (CBZGF), set up to pool capital to finance low-cost housing and energy projects, is part of the group's new business initiatives. “We have just set this (Fund)...
CBZ posts $13m profit 10 August 2014 HARARE - Financial group CBZ Holdings (CBZ) recorded a $12,8 million profit after tax in the half year to June 2014, down from $16 million recorded in prior comparable period. The group owns Zimbabwe’s largest bank by assets, CBZ Bank. During the period under review, total assets increased ...
CBZ disburses $350m agric funding 4 March 2014 HARARE - CBZ Holdings Limited (CBZ) — Zimbabwe’s largest financial group by assets — says it has so far disbursed over $350 million in loans to the agricule sector this year. Its chief executive, John Mangudya, said the institution would continue to fund the sector as part of efforts to revive...
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...