TELECOMS & TECHNOLOGY

Shareholders approve Cassava demerger, separate listing

SHAREHOLDERS of Econet Wireless have approved the demerger of Cassava SmarTech from Econet Wireless Zimbabwe Limited, paving the way for the listing of a new diversified technology business called Cas...

By staff reporter | Published: 03 December 2018

FINANCIAL SERVICES

NicozDimond, Tristar merger commences

The directors of Tristar Insurance Company Limited (Tristar), a short-term insurance unit of First Mutual Holdings Limited (FML), have passed a resolution to seek the approval of the Minister of Finan...

By Staff reporter | Published: 21 September 2018

TELECOMS & TECHNOLOGY

Telecoms firms merger project talks underway

Talks to merge three telecommunications companies, Zarnet, Powertel and Africom, are underway and will be finalised by the end of the year, businessdigest has learnt.Powertel and Zarnet are both State...

By Staff reporter | Published: 27 July 2018

BUSINESS NEWS

Mergers, acquisitions in Africa decline

Total deal volumes and values of Merger and Acquisition (M&A) transactions in Africa fell sharply in the first half of 2018, declining 44 percent in deal volume and 57 percent in aggregate value, ...

By CNBC Africa. | Published: 23 July 2018

BUSINESS NEWS

'New law to drive mergers, takeovers'

National Assembly Speaker Jacob Mudenda has said the new company law currently being formulated will remove bottlenecks to mergers and takeovers.Speaking at the CEO Africa Roundtable breakfast meeting...

By Staff reporter | Published: 18 May 2018

BUSINESS NEWS

RBZ sets deadline for bank's demerger

THE Reserve Bank of Zimbabwe (RBZ) has set December 31, 2017, as the deadline for the separation of ZB Financial Holdings Limited (ZBFHL) from Intermarket Holdings Limited (IHL), which will see banker...

By Staff reporter | Published: 11 December 2017

BUSINESS NEWS

10 mergers, acquisitions approved

THE Competition and Tariff Commission (CTC) has approved 10 mergers and acquisitions in the first six months of 2017 supporting the survival of local companies.Most of the transactions approved by the...

By Staff reporter | Published: 22 September 2017

INDUSTRIALS & ENERGY

AfriSam, PPC merger can create significant benefits

AfriSam Group is confident its proposed merger with PPC Ltd has potential to create significant benefits for all shareholders and stakeholders."AfriSam and PPC have a proud collective business history...

By Agencies | Published: 20 September 2017

BUSINESS NEWS

CTC to block NatFoods merger

Innscor Africa Limited's plans to merge partial subsidiary companies, NatFoods and Profeeds are under threat following recommendations adopted by the Competition and Tariff Commission to block the dea...

By Staff reporter | Published: 28 July 2017

MINING & RETAIL

Zim not going back on diamond merger

Government will proceed with plans to consolidate diamond mining operations in the country despite facing resistance from certain diamond mining companies who up to now are still to make a decision o...

By Tinashe Makichi | Published: 23 June 2015

BUSINESS NEWS

Zimbabwe records more mergers

Ten mergers have been approved so far by the Competition and Tariff Commission (CTC) amid indications that more local companies would seek foreign partners to strengthen balance sheets.CTC assistant d...

By Staff reporter | Published: 22 June 2015

MINING & RETAIL

Rio, Russians query Zim diamond mines merger

Rio Tinto (Rio) and Russia's DTZ Ozgeo are yet to agree on Zimbabwe's mandatory merger of diamond firms, with the two seeking clarity on the proposal.This comes as a week ago, Mines minister Walter Ch...

By Staff reporter | Published: 07 June 2015

FINANCIAL SERVICES

FBC Holdings dumps bank-building society merger

FBC Holdings has adjusted its plans to meet the Reserve Bank of Zimbabwe's $100 million capitalisation requirements and will no longer merge FBC Bank and FBC Building Society.Chief executive John Mus...

By Staff reporter | Published: 26 June 2014

FINANCIAL SERVICES

ZB to continue with merger plans

ZB Financial Holdings says plans to merge its bank and building society will continue despite the recent extension by the Reserve Bank of Zimbabwe of the banking sector minimum capital requirements d...

By Staff reporter | Published: 07 February 2014

FINANCIAL SERVICES

ZB merger at advanced stage

ZB Financial Holdings says plans to merge its bank and building society are at an advanced stage and the completion of the process is expected in the next few months.ZB Bank acting managing director, ...

By herald | Published: 17 January 2014

BUSINESS NEWS

Firms resort to mergers to consolidate viability

THE Competition and Tariff Commission (CTC) says it has approved more than 20 mergers for companies in different sectors of the economy this year.It said the companies were venturing into mergers as t...

By Business Reporter | Published: 18 December 2013

FINANCIAL SERVICES

RBZ stalls ZB merger

ZB Financial Holdings (ZBFH) says a delay in Reserve Bank of Zimbabwe (RBZ) approval is stalling plans to merge its banking arm and mortgage lender, ZB Building Society (ZBBS).The group intends to com...

By Staff reporter | Published: 17 December 2013

INDUSTRIALS & ENERGY

SPAR de-merger gains traction

Conglomerate Innscor Africa Limited has begun formal talks for the acquisition of the Western Region SPAR franchise from tycoon, Ray Kaukonde, himself a major shareholder in the cash-rich retail and...

By Staff reporter | Published: 21 October 2013

FINANCIAL SERVICES

FBC shelves merger plans

FBCH has put on hold plans to merge its banking and mortgage lending units until the central bank clarifies the bank's recapitalisation deadlines. The group intends to combine FBC Bank and FBC Buildin...

By Staff reporter | Published: 04 September 2013
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