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Zimbabwe's CBZ Holdings accepts stake limits in First Mutual, plans regional expansion by mid-2025.
Zimbabwean financial services firm CBZ Holdings has accepted limits on its stake in First Mutual Holdings set by the Competition and Tariffs Commission to maintain market competition.
Despite this, CBZ plans to expand into regional markets by June 30, 2025, using subsidiaries like its asset management division, Datvest, to achieve growth.
Group CEO Lawrence Nyazema remains optimistic about entering two regional countries by the deadline.
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El CBZ Holdings de Zimbabue acepta límites de participación en First Mutual, planea la expansión regional a mediados de 2025.