Norsad Capital, an impact investor and private creditor provider, offering tailor-made debt solutions to mid-market growth companies in Sub-Saharan Africa, has provided Central Africa Building Society (CABS) Zimbabwe, (a member of the Old Mutual Group), a USD10 million Credit Facility to support the bank’s growth
The Central Africa Building Society (CABS) will early next year close four branches in a move the financial institution describes as rationalising strategy and will render hundreds of workers jobless. The bank said the move was necessitated by the harsh economic conditions and comes just after
Old Mutual Zimbabwe's operating profit for the half year ended June 2018 increased by 27% from $27 million recorded during the same period last year to $34.3 million driven by growth in the banking and asset management profits. Addressing analysts in the capital yesterday, Old Mutual
[adrotate banner="8"] People’s Own Savings Bank's ambitious mortgage scheme that will see the bank constructing houses in Harare and Bulawayo for low-income earners could be hampered by Zimbabwe poor economic performance that has resulted in market shrinkage, lack of disposable income and deposit prices that are
Did you know that an average savings account gets charged $150 annually? Now multiply this with a bank with 10 000 savings account holders (other banks like CBZ and Steward Bank actually have more) and this translate to $1.5 million. That’s not all, on top
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