Author: Insurance24

8Apr

Fidelity Life profit surges as revenue jumps 46%

8 Apr 2026 Insurance24

Staff Writer

Fidelity Life Assurance Group delivered a strong financial performance for the year ended December 31, 2025, underpinned by robust insurance revenue growth, improved investment income, and continued strategic execution across its business units.

Insurance revenue rose 46%, driven by innovative product offerings, organic growth, and increased new business uptake.

This momentum pushed total

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30Mar

CABS leverages strong risk controls to drive earnings growth

30 Mar 2026 Insurance24

Staff Writer

HARARE, CABS, Zimbabwe’s largest building society and a subsidiary of Old Mutual Zimbabwe says strong financial performance in 2025 was underpinned by disciplined lending and a resilient credit quality profile that saw its non-performing loans (NPL) ratio remain below 1 percent as the building society tightened risk controls while expanding its loan book.

Chief executive Mehluli

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25Mar

Econet declares InfraCo Shares dividend after conclusion of exit offer

25 Mar 2026 Insurance24

Staff writer

Econet Wireless Zimbabwe Limited has announced a dividend in specie, distributing shares in Econet InfraCo to its shareholders following the conclusion of its recent Exit Offer.

The company revealed that it now holds 2.85 billion InfraCo shares, representing 95.215% of the subsidiary’s issued share capital, after only 4.785% was taken up by shareholders who opted to exit.

This fell below

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25Mar

Chinyuku’s women’s month appreciation message

25 Mar 2026 Insurance24
Staff Writer When I was inaugurated as IIZ president for my first term in November 2024, I was adorned with the “presidential chain”. Naturally, I asked what the chain symbolised because I noticed there were names of past presidents on it. It was explained to me that these names were part of the chain to help us remember the institute’s legacy and carry it forward.
As I reflected, it also symbolised the deep wisdom and experience enshrined in history, but more than that, it meant that I would not be alone on the journey.
The presidency is, to me, like a relay, and the baton is passed to each incumbent to run the race and bring the institute’s objectives to life. Some identify the land, some clear it, some plough, some plant, some water, some weed, some put fertilizer, and some reap. Each president comes in and is involved with a bit of each stage, and the institute thrives and grows. There is seed we are reaping fruit from that was planted many years ago, there is seed we are watering or cultivating whose fruit may be harvested in 5 or 10 years, and so the cycle continues.
I was apprehensive at first because this was the first board I had ever chaired, and it certainly wasn’t like chairing the occasional meeting or sub-committee. I definitely had no experience as a president, and it has been constant learning for me. I am fortunate to be surrounded by a powerful and determined relay team that comprises an extremely capable board and the two vice presidents. Read more