Staff Writer
Zimbabwe’s pension funds and insurers could play a much bigger role in financing infrastructure, housing, industry and productive sectors if the right reforms are put in place, global pensions expert, Fiona Stewart from the World Bank has said.
Speaking at an Insurance and Pensions Symposium hosted by the Insurance and Pensions Commission (IPEC) last month, Stewart said insurance companies
Staff Writer
HARARE, Government has approved a wide-ranging overhaul of licences, permits, levies and fees in the financial services sector, in a move expected to ease the cost of doing business and improve financial inclusion.
The reforms, approved by Cabinet target long-standing concerns over high transaction costs, duplication of regulatory requirements and excessive
Staff Writer
Old Mutual Zimbabwe’s FinTech (financial technology) business, O MARi, has surpassed 2.1 million customers, marking a significant milestone in the group’s push to expand financial inclusion and build a diversified fintech ecosystem.
The platform, which initially focused on facilitating money transfers, is now evolving into a broader financial services offering, indicating a deliberate
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
Staff Writer
Building society CABS says it continued to play a pivotal role in supporting Zimbabwe’s economic growth and community development in 2025, channelling funding to productive sectors while expanding its corporate social responsibility (CSR) footprint.
Chairman J C Tapambgwa commenting
Staff Writer
FBC Holdings’ insurance businesses delivered mixed performance for the year ended December 31, 2025, with premium growth recorded across units but profitability weighed down by elevated claims, Group chief executive Trynos Kufazvinei said at an analyst briefing.
FBC Insurance Company posted
Staff Writer
HARARE: Old Mutual Zimbabwe reported a strong financial performance for the year ended December 31, 2025, with profit before tax rising 55 percent to US$60.6 million, as total revenue grew 29 percent to US$194.8 million on the back of robust growth across its banking, insurance and asset management units.
Profit after tax increased by 43 percent to US$40.2
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
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.
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