August 2, 2017 – Insurance24

2Aug

Central Bank sets up $5 Fund to facilitate repatriation of dividends for foreign investors

2 Aug 2017 Insurance24

Central Bank sets up $5 Fund to facilitate repatriation of dividends for foreign investors

Insurance24 reporter

HARARE, The Reserve Bank of Zimbabwe (RBZ) says it will establish a $5 mln Portfolio Investment Fund that will facilitate repatriation of dividends as well as sales by foreign investors.

Presenting the Monetary Policy Statement, Governor Dr John Mangudya said the Central Bank has noticed

2Aug

Nicoz Diamond (Zim) Results Analysis FY2016 (syndication Equity Axis/ Insurance24

2 Aug 2017 Insurance24

Nicoz Diamond (Zim) Results Analysis FY2016

Key Highlights

o Gross premium written up 2% from $28.9m in 2015 to $29.6m in 2016

o Earned Premium up 9% from $17.7m in 2015 to $19.3m in 2016

o Claims up 13% from $11.2m in 2015 to $12.7m in 2016

o Total costs up 3% from $17.2m in 2015 to $17.8m 2016

o PAT up 1.3% from $0.1m in 2015 to $1.7m in 2016

Operating Income Composition ($m)