BUSINESSES have sought scale through mergers and acquisitions to maintain survival and boost competitiveness amid persistent headwinds in Zimbabwe’s economy, analysts say.
It comes as the market has seen a flurry of consolidation deals, particularly in the financial services sector.
CBZ Holdings (CBZ) just concluded its acquisition of a 31 percent stake in First Mutual Holdings (FML) and is bidding to snap up a significant chunk of the shareholding in ZB Holdings (ZB).
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Marc Holtzman, Chairman of CBZ Holdings (right), and Blessing Mudavanhu, chief executive of CBZ Holdings.
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