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CBZ Holdings Headquaters, Harare
CBZ Holdings Headquaters, Harare
CBZ Holdings Details
Legal NameCBZ Holdings Limited
DescriptionCBZ Holdings is a leading financial services group in Zimbabwe, offering a comprehensive range of banking, insurance, asset management, and advisory services. With a rich history and strong commitment to innovation, CBZ has played a pivotal role in shaping the country's financial landscape.
Number of Employees1200 (2022)
Year Founded1980 (44 Years Ago)
(After Taxation)
ZWL$33 Billion (2022)
Traded As
Harare, Zimbabwe
Key People
  • Dr Blessing Mudavanhu (CEO)
  • Tawanda Gumbo (CFO)
Official Website
CBZ Holdings Profile Image On Wealth Hub

CBZ Holdings

Financial services company

Estimated Market Value (USD)
$0.1 Billion
$29 Million
Global Rank
World Wide
Country Rank
Zimbabwe Flag#5
Industry Rank

ntricate internal structure, providing a comprehensive look at the powerhouse that is CBZ Holdings.

The Significance of CBZ Holdings

CBZ Holdings is not just another financial institution; it is a cornerstone of Zimbabwe's financial stability and growth. Established in 1980, the same year Zimbabwe gained independence, CBZ has been an integral part of the country's post-independence journey. Its significance lies in its ability to provide a wide array of financial solutions, drive economic development, and contribute to the overall well-being of the nation's citizens.

Industry and Impact

Operating in the ever-evolving financial industry, CBZ Holdings has left an indelible mark on various sectors of the Zimbabwean economy. From supporting agriculture and SMEs to providing cutting-edge digital banking solutions, CBZ's influence is felt far and wide, fostering economic growth, financial inclusion, and stability.

Company History

The Genesis

CBZ Holdings traces its origins back to 1980 when it was established as the Commercial Bank of Zimbabwe Limited. Initially, it operated as a commercial bank, serving the burgeoning Zimbabwean economy during its early years of independence. Over the decades, the institution underwent significant transformation, evolving into CBZ Holdings in 2004, which was a strategic move to broaden its scope and diversify its services.

Evolution and Growth

CBZ's growth trajectory has been nothing short of remarkable. Throughout its history, the company has continuously adapted to meet the changing needs of the Zimbabwean economy. From the establishment of CBZ Insurance in 2007 to the introduction of CBZ Touch, a pioneering mobile banking platform, CBZ Holdings has remained at the forefront of innovation in the financial sector.

Products and Services

CBZ Holdings boasts a diverse portfolio of products and services, catering to the multifaceted needs of its customers. Here are some of the key offerings:

1. Banking Solutions

CBZ provides a comprehensive range of banking services, including personal and business accounts, loans, and foreign exchange services. Their extensive branch network ensures accessibility for customers across the nation.

2. Insurance

CBZ Insurance offers a wide array of insurance products, covering life, health, and property insurance, providing peace of mind and financial security to individuals and businesses alike.

3. Digital Banking

CBZ Touch, the company's mobile banking platform, has revolutionized the way Zimbabweans manage their finances. With features like mobile payments and account management, it has made banking easier and more accessible.

4. Asset Management

CBZ Asset Management assists clients in making informed investment decisions, offering services like portfolio management, wealth management, and retirement planning.

Internal Structure

CBZ Holdings' internal structure is a testament to its commitment to efficiency and professionalism. The company is led by a dynamic team of experienced professionals who bring a wealth of expertise to the table. Key figures within the organization include the CEO, responsible for setting the strategic direction, and the Board of Directors, overseeing governance and decision-making.

CBZ Holdings also places great emphasis on corporate social responsibility (CSR) initiatives. The company has a dedicated CSR department that focuses on various community development projects, ranging from education and healthcare to environmental conservation.

In conclusion, CBZ Holdings stands tall as a paragon of financial excellence in Zimbabwe. Its rich history, extensive product and service offerings, and well-structured organization are all testaments to its unwavering commitment to the nation's prosperity. As Zimbabwe continues to evolve, CBZ Holdings remains a trusted partner, leading the way in financial innovation and societal development.