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First Mutual’s US$4 million share deal under scrutiny
The exchange rate at the time of the deal in 2019 was US$1:ZW$1, which translated to US$4 million.
By Mthandazo Nyoni
Mar. 14, 2025
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Inside abandoned mega acquisitions...regulator explains tough stance on CBZ, ZB, FMHL deals
The measure was designed to prevent anti-competitive practices stemming from increased market concentration.
By Mthandazo Nyoni
Mar. 7, 2025
CTC blocks CBZ from upping FMHL’s stake
In a statement yesterday, CBZ Holdings said it “will no longer be proceeding with the mandatory offer to the minority shareholders in First Mutual Holdings Limited.”
By Tatira Zwinoira
Dec. 10, 2024
First Mutual sees red in 2024 H1
The loss was from a profit after tax of US$56,32 million over the 2023 comparative period.
By Ashton Ndakusiya
Sep. 24, 2024
First Mutual withdraws lawsuit against Ipec
In December, FML received a corrective order from Ipec based on the findings of the report conducted by BDO Chartered Accountants.
By Melody Chikono
May. 17, 2024
First Mutual celebrates women’s month
The event, themed Inspire Inclusion, brought together inspiring speakers, engaging discussions and unforgettable performances to empower women.
By Problem Masau
Mar. 18, 2024
CBZ mandatory offer nears completion
As of September 15, 2023, CBZHL’s balance sheet was valued at ZWL$6,51 trillion, translating to US$1,34 billion.
By Tatira Zwinoira
Jan. 23, 2024
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CBZ plots regional expansion
He replaced Marc Holtzman, who retired last week alongside chief executive officer Blessing Mudavanhu.
By Mthandazo Nyoni
Dec. 10, 2023
First Mutual overturns loss-making position
He said rental income grew by 117% to ZWL$7,9 billion compared to prior year.
By Tatira Zwinoira
Sep. 26, 2023
