Off-book contractors killing infrastructural development: Treasury
TREASURY has accused government ministries of sabotaging development by signing contracts outside the national budget, a practice it says is…
Category: Finance
Financial news, markets, and analysis
Africa Finance Corporation raises record US$2 billion syndicated loan
Africa Finance Corporation (AFC), the continent’s leading infrastructure solutions provider, has raised a record US$2 billion syndicated loan, underscoring strong…
FBC Holdings seeks shareholder approval for share buy-back scheme
FBC Holdings Limited will seek shareholder approval for a share buy-back programme at its Annual General Meeting (AGM) scheduled for…
IPEC cancels Orchid Funeral Assurance licence, orders policyholders to file claims by June 30
Zimbabwe’s insurance regulator has cancelled the operating licence of Orchid Funeral Assurance (Private) Limited, citing persistent regulatory breaches and giving…
Inclusive Financial Services rescue plan adopted by creditors
The Corporate Rescue Plan for Inclusive Financial Services (Private) Limited has been formally adopted by creditors, paving the way for…
ZiG currency uncertainty fuels insurance disputes
A clear and standardised currency and valuation framework is needed for insurance claim settlements under the ZiG regime, the Chartered…
Zim economy to moderate in FY26, FY27: AfDB
THE African Development Bank (AfDB) expects Zimbabwe’s economy to moderate to 4,3% this year and 4,5% in 2027 as agriculture…
… as FBC Holdings warns Zim economy will be tested for H2 2026
FBC Holdings (FBCH) warns that escalating geopolitical fragmentation — resulting in elevated fuel and fertiliser costs, as well as weakening…
CBZ posts softer Q1 earnings, sees stable FY26 growth path
CBZ Holdings Ltd said it remains on course to meet its full-year revenue and profitability targets after posting strong first-quarter…
FBC remains profitable in Q1, digital adoption drives results
FBC Holdings remained profitable in the first quarter to March 31, 2026, but at ZiG95,6 million, the improvement was little…