Staff Writer
HARARE, Econet Wireless Zimbabwe Ltd says its subsidiary, Ecocash Holdings, is in the process of changing its name to remove the reference to EcoCash as the Company no longer owns EcoCash and the other Fintech businesses.
This comes as in April 2024, Econet Wireless Zimbabwe Limited and EcoCash Holdings Zimbabwe Limited concluded a Scheme of Reconstruction whereby all the Financial
Staff Writer
HARARE, Retailer, Ok Zimbabwe says it has begun restocking its units across the country with support from supplier partners as well as financial institutions that continue to assist with short-term funding structures.
The company also said it has developed new alternative procurement models which include, but are not limited to, a structured stock supply arrangement with a third party
Staff Writer
Harare, The International Monetary Fund (IMF) has said Zimbabwe’s economic activity has started recovering after the El Niño-induced drought.
Following the request for a Staff-Monitored Program (SMP) by the authorities in 2023, an International Monetary Fund (IMF) staff team led by Mr Wojciech Maliszewski conducted a mission to Harare from January 30 to February 13, 2024, to advance
Staff Writer
HARARE, The Insurance Institute of Zimbabwe (IIZ) says its new curriculum has been designed to balance traditional insurance principles with emerging technologies such as artificial intelligence as it aims to create a comprehensive learning experience that harmonizes the two, Insurance 24 reports.
Over the
Munich – Worldwide, natural disasters caused losses of US$320bn in 2024 (2023, adjusted for inflation: US$268bn), of which around US$ 140bn (US$106bn) were insured. The overall losses and, even more so, the insured losses were considerably higher than the inflation-adjusted averages of the past ten and 30 years (total losses: US$ 236/181bn; insured losses: US$94/61bn). In terms of insured
Staff Writer
The Insurance and Pensions Commission says the industry needs to rethink how it trains and develops itself to navigate emerging complexities and continue to deliver value-added insurance 24 reports.
This comes as the insurance industry is undergoing tremendous transformation, driven by technological advancements, changing consumer expectations, and increasing risk complexity.
Addressing
Staff Writer
The Insurance Institute of Zimbabwe (IIZ) has launched a new curriculum as it seeks to elevate the standards of education and professional development within the insurance sector.
The new curriculum launched on Friday together with the COP Health program, and the Loss and Risk Management programs marked a critical milestone in the institution’s development, signifying a substantial
Staff writer
HARARE, Econet Wireless says its life insurance business, EcoSure, recorded a 51% growth in transaction volumes compared to the same period last year as it continues to offer digital bundled products for a wider customer reach.
In its trading update for the 3rd quarter 2023, the firm said the short-term insurance business, Moovah continued to grow its portfolio driven largely by new
Staff Writer
Harare, The Zimbabwe Stock Exchange (ZSE) has notified the investing public of the voluntary termination of the listing of the Old Mutual Top Ten Exchange Traded Fund, effective 17 January 2025.
The unitholders of the Old Mutual Top Ten Exchange Traded Fund met on 12 December 2024 and resolved to voluntarily terminate the Exchange Traded Fund’s listing on the ZSE under Section 11
Staff writer
Harare, Projects in agriculture, infrastructure, agriculture and energy dominate the list of investments that were granted Prescribed Asset Status in the nine-month period to September 30, 2024.
At law, pension funds and insurance firms are required to invest at least 20% of their investment portfolio in prescribed assets to make the projects attractive, but the sector has been struggling