CBZ Holdings Limited (CBZHL) is on the verge of acquiring a controlling stake in ZB Financial Holdings Limited (ZBFHL) as part of its strategy to become a signi.
CBZ close to taking over ZB Financial Holdings to create US$2B behemoth – Nehanda Radio nehandaradio.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nehandaradio.com Daily Mail and Mail on Sunday newspapers.
In October 2022, the central bank revealed that an estimated 102 correspondent banking relationships had been lost over the last decade due to Zimbabwe’s high-risk profile.
Blessing Mudavanhu and Douglas Hoto have no doubt as to what they are trying to create – a big bank with enough clout to take on big projects, and big rivals. CBZ, Zimbabwe’s biggest bank, has just completed its acquisition of a 36% share of FML, one of the country’s largest insurers and a holder…
CBZ purchased a 2% stake in FMHL on top of an existing 3,22% shareholding, which together with the purchase from NSSA will take the total shareholding to about 36,22%.