Lion Microfinance Limited curatorship extended
Staff Writer
HARARE, Zimbabwe bank depositors’ insurer, the Deposit Protection Corporation (DPC)’s curatorship for Lion Microfinance Limited has been extended up to July 31, 2020.
The Reserve Bank of Zimbabwe on July 26, last year, placed the institution under the curatorship of the DPC for a period of three months, citing under capitalization and
ABOUT ZEP-RE
ZEP-RE (PTA Reinsurance Company) was created under the auspices of the then Preferential Trade Area (the precursor to COMESA).
The Company was to promote the trade in insurance and reinsurance trade through creation of capacity, training of the region’s insurance personnel, provision of technical services and the re-investment of premium funds within the region. When the Preferential
CBZ Holdings net underwriting income up 20% in 2019,
……….As Bank launches money transfer center
Staff Writer
HARARE, CBZ Holdings net underwriting income grew 20,8% in 2019 to $69 million compared to $57 million in 2018 largely driven by growth in gross premium insurance.
The group’s 2019 financials shows that gross premium insurance grew 34% to $199 million from $148 million recorded