Staff Writer
Zimbabwe’s rapid economic formalisation is creating thousands of new potential insurance customers among small and medium enterprises (SMEs), informal traders and entrepreneurs, presenting insurers with a major growth opportunity, Insurance and Reinsurance Development Committee (AIRDC) vice president Patrick Kusikwenyu has said.
Kusikwenyu, delivering welcome remarks at the 24th AIRDC
Staff Writer
Insurance regulators and industry players must place sustainability, consumer confidence and inclusive access at the centre of efforts to build resilient insurance markets as technological, geopolitical and climate-related risks intensify, Insurance and Pensions Commission (IPEC) Commissioner Dr Grace Muradzikwa has said.
Muradzikwa said the long-term sustainability of the insurance
Staff Writer
Deputy Finance Minister Kuda Mnangagwa has challenged Zimbabwe’s insurance industry to move beyond traditional policy sales and become a central pillar of the country’s economic resilience as climate change, technology and geopolitical shocks expose growing gaps in insurance protection.
Officially opening the 24th annual conference of the Association of Insurers and Reinsurers of
ZHL profitability strengthens as regional expansion reshapes earning
Staff Writer
ZIMRE Holdings Limited (ZHL) increased profit after tax by 15% to US$10.74 million in the six months to June 30, 2026, as stronger insurance revenue, improved investment returns and regional expansion under its Great Africa Trek strategy supported earnings growth.
The group’s profit after tax increased from US$9.33
Staff Writer
The Zimbabwe Association of Pension Funds (ZAPF) will bring together pension fund principal officers and chairmen in Bulawayo next week for its seventh annual convention, with innovation, artificial intelligence (AI), cybersecurity and strategic leadership expected to dominate discussions.
The three-day convention, running from October 1 to 3 under the theme “Leading Beyond
Staff Writer
Zimbabwe’s life assurance sector delivered a stronger performance in the second quarter of 2026, with insurance revenue rising sharply on the back of increased foreign-currency business and continued demand for funeral and group life products.
However, the latest sector report from the Insurance and Pensions Commission (IPEC) also highlights structural weaknesses that could constrain
Staff Writer
Reserve Bank of Zimbabwe Governor Dr John Mushayavanhu has welcomed a US$30 million financing facility secured by Central Africa Building Society (CABS) from British International Investment (BII), but said more long-term capital was needed to meet the financing requirements of Zimbabwe’s productive sectors.
The four-year facility, which comprises a US$20 million term loan and a planned
Staff Writer
Central Africa Building Society (CABS) has secured a US$30 million financing partnership with British International Investment (BII) to expand access to long-term funding and trade finance for Zimbabwe’s agriculture and food manufacturing sectors.
The facility, comprising a US$20 million term loan signed this week and a planned US$10 million trade finance facility, is expected to strengthen
Staff Writer
First Mutual Holdings Limited (FMHL)’s insurance businesses recorded growth in the first half of the year, but rising claims and acquisition costs continued to put pressure on underwriting margins, highlighting the need for greater claims and cost management.
The diversified financial services group increased insurance contract revenue by six percent to US$92,8 million in the six
Staff Writer
The Reserve Bank of Zimbabwe’s decision to introduce a 30-day ZiG-denominated term deposit facility signals a deliberate shift towards more active liquidity management as the central bank seeks to strengthen the foundations of currency stability.
The ZiG Denominated Term Deposit Facility (ZiGDTDF) Bill gives the Reserve Bank of Zimbabwe (RBZ) another instrument to absorb excess liquidity