Zimbabwe News

Africa, Zimbabwe News: CBZ Holdings Bank to List on Stock Exchange

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CBZ Holdings Ltd., the biggest bank in Zimbabwe, plans to list on the U.S. dollar-denominated stock exchange in Victoria Falls, as part of efforts to ignite foreign interest in the lender.

The firm is “actively exploring” a listing, which could address concerns for foreign investors of having funds stuck in the country, Chief Executive Officer Blessing Mudavanhu said in an interview at the lender’s headquarters in Harare on Friday.

The lender is currently only listed on the main exchange in Harare. CBZ Chairman Marc Holtzman, a 30-year banking veteran who has worked at Barclays Plc and ABN Amro Bank NV, said the Victoria Falls listing will take place this year.

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