CABS (Central Africa Building Society)
in Zimbabwe 🇿🇼
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About CABS (Central Africa Building Society) in Zimbabwe
CABS (Central Africa Building Society) is Zimbabwe's largest building society and a major player in the country's financial services sector. Established in 1949, CABS specializes in mortgage lending, property development, treasury operations, and comprehensive retail and corporate banking services. The institution is a wholly owned subsidiary of Old Mutual Zimbabwe Ltd (OMZIL), which controls 100% of CABS' A class shares, with Old Mutual Limited as the ultimate holding company.
As of 2024, CABS celebrated 75 years of nation-building with a substantial lending portfolio exceeding US$1.3 billion. The institution has financed over 2,700 houses in Harare's Budiriro suburb, created 1,030 serviced stands in Bulawayo, and maintains 18 active credit lines with major international financiers including Afreximbank and the African Development Bank.