Cassava Fintech and Liquid Telecom Group partner to launch Sasai Wi-Fi Finder in Zimbabwe

Cassava Fintech and Liquid Telecom Group partner to launch Sasai Wi-Fi Finder in Zimbabwe

 Service to accelerate digital and financial inclusion in Africa

London, England, August 6, 2020 – Cassava Fintech International (CFI) and Liquid Telecom Group (LTG) have announced the launch of the Sasai Wi-Fi Finder, a potential game-changer in driving digital and financial inclusion in Africa. The service,

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FMHL on solid footing despite covid 19

FMHL on solid footing despite covid 19

Staff Reporter

HARARE, First Mutual Holding Limited (FMHL) says it will continue as a going concern despite the ugly face of the covid 19 pandemic which has diminished the short term growth prospects of the economy and the Group.

The group however says the evolving nature of the pandemic will require continuous monitoring and assessment to establish the impact

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ZSE resumes trading but trades in negative territory

ZSE resumes trading but trades in negative territory

Staff Writer

HARARE, Zimbabwe Stock Exchange resumed trading on Monday after a month long suspension and as was expected, the main indices closed in the red as the market opened sellers only.

Turnover was also quite subdued although this is only temporary as the majority of fund managers are liquid following the release of almost $300 million of

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ZHL’s acquisition of ZPI still work in progress, as the group postpones AGM

ZHL’s acquisition of ZPI still work in progress, as the group postpones AGM

Staff Writer

ZIMRE Holdings has advised that the pending 100% acquisition of Zimre Property Investments transaction is still work in progress, and the full impact on shares is still to be determined.

“While the full impact of these negotiations, if successful, is still being determined, the Transaction may have a material

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Old Mutual remain suspended as ZSE resumes 03 August

Old Mutual remain suspended as ZSE resumes 03 August

Staff writer

HARARE, The Zimbabwe stock exchange saga has now sucked in brokers, asset managers and share market investors as the Financial Intelligence Unit concludes investigations on the alleged malpractice on the bourse.

Finance minister Mthuli Ncube said  the  ZSE will resume trading  on the  3rd of August

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Mthuli extends 2% tax to foreign currency transactions

Mthuli extends 2% tax to foreign currency transactions

Staff Writer

HARARE, Finance Minister Mthuli Ncube has proposed to extend Intermediated Money Transfer Tax to cover foreign currency transactions starting from August arguing that the current exemption has created an unfair advantage for taxpayers’ transaction in foreign currency.

The current legislation exempts the transfer of money into and

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Ruling party recommends USD only trading platform for Old Mutual

Ruling party recommends USD only trading platform for Old Mutual

 Staff Reporter

HARARE, The ruling party, Zanu Pf has reaffirmed its position of having Old Mutual delisted from  the Zimbabwe Stock Exchange (ZSE), saying  the bourse should create  a USD only trading platform for the diversified insurer and financial services giant.

Under this arrangement, Old Mutual Limited can then be allowed

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The need to modernise insurance systems

The need to modernise insurance systems

HARARE, Shifting customer expectations and the need to replace aging systems are contributing to insurers’ decision to modernise their environments and become more adaptable to the digital needs of the market today. Lee Kuyper, COO at SilverBridge, examines the process this will likely entail.

“Insurance is not a modern industry, with many companies having

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Sanctuary Insurance to activate “Average Condition” clause

Sanctuary Insurance to activate “Average Condition” clause

Staff Writer

HARARE, Sanctuary Insurance Company says in an event of loss, in light of market changes, the company will activate the Average Condition” clause, where the sum insured does not match prevailing market value.

In this regard, the company is urging clients to consider constantly reviewing insured values to ensure one is

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Innovation, strategic partnerships strengthens FMHL resilience

Innovation, strategic partnerships strengthens FMHL resilience

Staff Writer

HARARE, DOUG Hoto, the First Mutual Holdings Limited, chief executive, says despite the turbulent economic environment, the Group remained solid on its key competences to mitigate against loss of value in 2019.

“Despite the turbulent economic environment, the Group remained focused on delivering its promise on the core

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