{"id":78204,"date":"2023-05-24T20:25:15","date_gmt":"2023-05-24T18:25:15","guid":{"rendered":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zb-expands-its-services-to-botswana"},"modified":"2023-05-25T00:10:28","modified_gmt":"2023-05-24T22:10:28","slug":"zb-expands-its-services-to-botswana","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zb-expands-its-services-to-botswana","title":{"rendered":"ZB expands its services to Botswana"},"content":{"rendered":"

Africa-Press – Zimbabwe. <\/strong><\/span>THE ZB Financial Holdings Limited (ZB) has expanded its services to neighbouring Botswana as it seeks to grow its regional presence, it has been revealed.<\/p>\n

Last month, the group announced that it had adopted a regional expansion strategy and successfully launched reinsurance operations in Botswana.<\/p>\n

This comes as the local currency has become highly volatile, falling 38,3% during the first quarter of the year leading to many businesses scrounging for foreign business to access foreign currency.<\/p>\n

At a dinner function last Saturday at the firm\u2019s service centre in Belmont, Bulawayo, ZB group chief executive officer Shepherd Fungura revealed that they had expanded their service offerings.<\/p>\n

\u201cWhen you come to ZB, our main lines of business are banking, insurance, and investment. Our offerings are conveniently merged into a one-stop shop approach, so we consummated the delivery of services and solutions and product to create convenience. So, we now have what we call service centres, previously called bank branches,\u201d he said.<\/p>\n

On the move to Botswana, he said they had expanded beyond the horizons in Zimbabwe and had now touched the jurisdiction of Botswana.<\/p>\n

\u201cWe now have an office there where we provide insurance and we are going to continue with our offerings in Botswana, because we believe that growing a business goes beyond borders, that\u2019s our vision,\u201d he said.<\/p>\n

As of the end of 2022, ZB had nearly $2,5 billion worth of foreign-denominated monetary assets and liabilities tied up in Botswana.<\/p>\n

The expansion of its Botswana office comes a week after the group revealed that it anticipated that the current challenging economic conditions would persist owing to high interest rates, rising exchange rates, and distortions in price dynamics.<\/p>\n

\u201cThe group also believes that monetary authorities are likely to maintain tight monetary and fiscal policies to maintain stability in the economy,\u201d ZB said, in a trading update last week.<\/p>\n

\u201cTo protect its capital position from adverse economic projections, the group will continue to pursue strategic business partnerships, improve its sustainable revenues, implement foreign currency revenue generation strategies and continue exploiting investment opportunities.\u201d<\/p>\n

To increase its sustainable revenue, the group is expected to use its service centres, digital assets, and robust electronic channels to market its products.<\/p>\n

The financial institution said cost-cutting measures will continue to be a priority to boost profitability.<\/p>\n

ZB southern region general manager Christian Ruwuyu emphasised the importance of customer care in business.<\/p>\n

\u201cWe believe that customer contact is essential from the first engagement to the very last. We have them at the centre of our hearts, and we believe in meaningful experience. That\u2019s why when you look at our brand, you see a smiley face because that\u2019s what we are aiming for, to see you smiley,\u201d said Ruwuyu.<\/p>\n

The guest of honour at the dinner, Bulawayo Metropolitan Affairs minister Judith Ncube appreciated the business being brought by ZB.<\/p>\n

\u201cI am pleased that you are spotlighting Bulawayo and indeed the Matabeleland province in your strategy. I want to say thank you,\u201d she said.<\/p>\n

\u201cWe are grateful to the government for awarding us the special economic zone status. As you can imagine, we cannot transform alone. It is, therefore, music to my ears and other key stakeholders to develop the City of Kings and Queens.\u201d<\/p>\n

For More News And Analysis About Zimbabwe<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Zimbabwe. THE ZB Financial Holdings Limited (ZB) has expanded its services to neighbouring Botswana as it seeks to grow its regional presence, it has been revealed. Last month, the group announced that it had adopted a regional expansion strategy and successfully launched reinsurance operations in Botswana. This comes as the local currency has […]<\/p>\n","protected":false},"author":84,"featured_media":78203,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,12],"tags":[1493,2189,19],"class_list":["post-78204","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-policy","tag-africa-press","tag-africa-press-zimbabwe-2","tag-zimbabwe"],"yoast_head":"\nZB expands its services to Botswana - zimbabwe<\/title>\n<meta name=\"description\" content=\"THE ZB Financial Holdings Limited (ZB) has expanded its services to neighbouring Botswana as it seeks to grow its region ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zb-expands-its-services-to-botswana\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ZB expands its services to Botswana\" \/>\n<meta property=\"og:description\" content=\"THE ZB Financial Holdings Limited (ZB) has expanded its services to neighbouring Botswana as it seeks to grow its region ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zb-expands-its-services-to-botswana\" \/>\n<meta property=\"og:site_name\" content=\"zimbabwe\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-24T18:25:15+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-05-24T22:10:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2023\/05\/sm_1684949887.437112.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"675\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zb-expands-its-services-to-botswana#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zb-expands-its-services-to-botswana\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"ZB expands its services to Botswana\",\"datePublished\":\"2023-05-24T18:25:15+00:00\",\"dateModified\":\"2023-05-24T22:10:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zb-expands-its-services-to-botswana\"},\"wordCount\":554,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zb-expands-its-services-to-botswana#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2023\/05\/sm_1684949887.437112.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Zimbabwe\",\"Zimbabwe\"],\"articleSection\":[\"all news\",\"policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zb-expands-its-services-to-botswana#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zb-expands-its-services-to-botswana\",\"url\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zb-expands-its-services-to-botswana\",\"name\":\"ZB expands its services to Botswana - 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