CBZ weighs more mergers

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CBZ Holdings says it is looking into potential acquisitions with other financial institutions after tying up its merger with First Mutual Holdings (FML).
CBZ acquired 31 percent of FML, giving it a foothold in one of the country’s largest insurance and property companies.
“I put emphasis on the issue making sure that we strengthen our balance sheet.
“Over the last five years, there has been organic growth, and we are also going to try growing inorganically such as the union that you are seeing between ourselves here,” CBZ chief executive, Blessing Mudavanhu, told The Financial Gazette soon after a signing ceremony for the deal in the capital on Wednesday.