By Gandy Gandidzanwa & Itai Mukadira
That who ultimately pays for the cost of regulation in the pension fund industry has long been resolved and we are not even going to labour that much on it in this thought piece. Suffice to say of course that, the same parties, the members, that the regulation is crafted to protect, are the same parties that ultimately pay for its implementation, monitoring,
Staff Writer
A local actuarial consulting firm ,Invent Multiple Agencies and actuaries has launched a credit insurance product for Zimbabwe bound exports from South Africa.
Trade credit insurance protects businesses against commercial customers’ inability to pay for goods or services.
In a statement, Invent said the insurance product will be issued by Asset Finance Insurance South Africa(AFI) .
Invent
Zim/Africa needs to embrace trade credit insurance
Staff Writer
ZIMBABWE and Africa need to embrace trade credit insurance as it helps to close a number for gaps in the financial markets, providing and additional of security, Insurance24 reports.
Trade credit insurance is a type of business policy that protects a company’s accounts receivables against losses
Gazetting of the US$-indexed minimum capital requirements advanced: IPEC
Staff Writer
The Insurance and Pensions Commission (Ipec) says the gazetting of the US$-indexed minimum capital requirements for short-term insurers is at an advanced stage, hence all players are expected to assess their current capital positions.
The government last year finalised regulations for the new solvency regime for the
RBZ issues administrative guidance for outstanding auction and retention balances
HARARE, The Reserve Bank of Zimbabwe (RBZ) has issued through the Exchange Control department administrative guidance and compliance parameters to authorised dealers of foreign currency.
Exchange Control acting director, Tafadzwa Muvevi through section 35 (1) of the exchange control regulations statutory instrument 109
CABS commits to support productive sectors and financial literacy
Staff Writer
CABS, a member of the Old Mutual Group, received US$110 million lines of credit in 2023 from AfreximBank and the Trade and Development Bank for on-lending to key economic sectors of the economy such as agriculture, mining, energy, and manufacturing.
The Bank, in its 2023 annual report, said it remains
AFC Insurance affirms its role in driving agricultural solutions
Staff Writer
AFC Insurance Company, together with AfC Land and Development Bank and AFC Leasing Company, are expected to continue providing accessible solutions to the agricultural sector as part of AFC Holdings’ business continuity and growth plan.
This comes as the group says it has continued to implement the plan, including
Breaking the glass ceiling:Chinyuku and Patsika Excell in Nairobi’s Angaza Awards
Staff writer
EMERITUS Re, Head of Reassurance at Emeritus Reinsurance, Clementine Chinyuku, and Managing Director at Zibuko Capital, Nonceba Patsika, have been recognised by Nairobi’s Angaza Awards as women to watch in Africa’s financial services sector and will be celebrated at the Angaza forum slated for
Risk mitigation a necessity for SMEs long-term success: Gvnmt
Staff Writer
The government says there is a general lack of appreciation for risk mitigation and insurance among MSMEs as a tool to mitigate risk, putting the continuity of economic activities within the sector in doubt should mishaps occur.
This was said by Dr Mavis Sibanda Permanent Secretary Ministry of Women Affairs, Community, Small
