Pension funds urged to drive Zimbabwe’s economic transformation
Staff Writer
VICTORIA FALLS — Zimbabwe’s pension industry has been challenged to take a more active role in financing national development projects while safeguarding members’ retirement savings, as the sector positions itself as a key partner in the country’s Vision 2030 agenda.
In her welcoming remarks, at the 51st annual congress
Staff Writer
Harare: Old Mutual Zimbabwe is seeking shareholder approval for a sweeping balance sheet restructuring that would convert US$84,3 mln in long-standing foreign currency obligations into preference shares, as the insurer moves to resolve liabilities tied to Zimbabwe’s blocked funds regime and a decade-old indigenisation transaction.
The proposed transaction, detailed in a circular to
Staff Writer
Harare, Zimnat General Insurance has been ordered by the High Court to pay US$1,4 million to Spencers Creek (Pvt) Ltd after the court ruled that Covid-19 triggered business interruption cover under an insurance policy issued to Ilala Lodge in Victoria Falls.
Delivering judgment in Bulawayo, Justice Mpokiseng Dube ordered the insurer to pay “the sum of US$1 400 000 . . . being monies
Staff Writer
Harare, First Mutual Holdings Limited has launched a US$11,9 million cash offer to acquire minority shareholders in its listed property subsidiary, First Mutual Properties Limited, as part of plans to delist the business from the Zimbabwe Stock Exchange and bring it fully under group control.
FMHL operates across life assurance, health insurance, short-term insurance, reinsurance, wealth
By Nobert M. Phiri
Abstract
The enactment of the Insurance and Pensions Commission Amendment Act, 2026 marks a significant recalibration of Zimbabwe’s insurance and pensions regulatory framework. Building on the proposals contained in the 2024 Amendment Bill, the Act introduces wide-ranging reforms aimed at strengthening governance, expanding regulatory oversight, and enhancing consumer protection
Staff Writer
The Insurance and Pensions Commission (IPEC) has cancelled the registration of Heritage Life Limited as a life assurance company, citing multiple regulatory breaches and failure to comply with statutory requirements.
In a public notice, IPEC said it had “cancelled the registration of Heritage Life Limited as a Life Assurance Company” in terms of the Insurance Act, adding that the
EcoCash bill-splitting feature signals shift to social commerce
Staff Writer
Zimbabwe’s leading mobile money platform, EcoCash, has introduced a bill-splitting feature, a significant step towards the rise of social commerce, where financial transactions are seamlessly embedded into everyday digital conversations.
The new functionality, rolled out on the EcoCash Super App, allows users to split expenses
Staff Writer
HARARE: First Mutual Wealth (FMW) is positioning its Gold Exchange Traded Fund (ETF) as a strategic investment vehicle for pension funds, leveraging regulatory allowances for offshore exposure while offering a diversified, inflation-hedged asset class.
According to the FMW prospectus, the product has been deliberately structured to align
Staff Writer
HARARE: CABS has reaffirmed its commitment to expanding access to critical healthcare services after partnering with TM Pick n Pay and the Cancer Association of Zimbabwe to resume a nationwide free cancer screening programme targeting 10 000 women in 2026.
The programme, which kicked off on March 9 in Masvingo, marks a significant scale-up from last year’s
Staff Writer
HARARE, The National Social Security Authority (NSSA) will now fall under the regulatory oversight of the Insurance and Pensions Commission (IPEC) following President Emmerson Mnangagwa’s signing into law of the IPEC Amendment Bill last Friday.
The President’s assent was announced by Chief Secretary to the President and Cabinet, Martin Rushwaya, in General Notice 555 of 2026 published