Insurance debt remains attractive, refinancing need drives opportunity
The debt issuances of insurance and reinsurance carriers remain an attractive option for investors even under the shadow of the Covid-19 pandemic and there could be more opportunity to come.
Insurance and reinsurance company debt issues, private or otherwise, remain an asset that certain insurance-linked securities (ILS) fund managers
Pension funds invests in US$8 mln hotel construction
Staff Reporter
HARARE, Local pension funds have funded the development of an USD8 million luxurious hotel in Victoria Falls, over and above an initial injection of feasibility funding, provided by an international investor as part of the National Tourism Recovery and Growth Strategy.
The Mbano Manor Hotel Victoria Falls which was officially opened
Covid 19 – Funeral assurers considering reinsurance strategies?
Dorcas Chigodho
HARARE, As late as 2015, about 90% of funeral assurers in Zimbabwe did not have reinsurance as a risk management tool and to date the figure has shot to 100%.
With the Covid-19 pandemic weighing down on assurers, the risk position of funeral assurers is set to worsen.
Cassava Fintech and Liquid Telecom Group partner to launch Sasai Wi-Fi Finder in Zimbabwe
Service to accelerate digital and financial inclusion in Africa
London, England, August 6, 2020 – Cassava Fintech International (CFI) and Liquid Telecom Group (LTG) have announced the launch of the Sasai Wi-Fi Finder, a potential game-changer in driving digital and financial inclusion in Africa. The service,
Pensions industry pleads for waiver in payment of levies as Covid 19 takes effect
Staff Reporter
HARARE, The pensions industry is pleading for clemency on statutory requirements with relaxation of deadlines for submission of IPEC returns and a waiver in the payment of IPEC levies on the fore as the industry bows down to the effects of covid 19, Insurance24 can report.
The industry says these are trying
Govt gazettes VFEX exchange control regulations
Staff Writer
HARARE – Government has gazetted regulations that will guide the setting up of the Victoria Falls Stock Exchange (VFEX) under Exchange Control Regulations.
This comes as the Finance Minister has set an end of August deadline for the operationalisation of the exchange, according to Treasury sources.
The VFEX, which is being spearheaded
Women takes over ZAPF leadership
Staff Reporter
HARARE, The Pensions and Insurance industry has always been a male dominated space, but things are changing with the new executive posts at the Zimbabwe Association of Pensions Funds (ZAPF), shifting the lenses through which the industry can been viewed.
Rutendo Magorimbo and Cynthia Mugwira are now steering the ship at ZAPF (up to the next AGM in
FMHL on solid footing despite covid 19
Staff Reporter
HARARE, First Mutual Holding Limited (FMHL) says it will continue as a going concern despite the ugly face of the covid 19 pandemic which has diminished the short term growth prospects of the economy and the Group.
The group however says the evolving nature of the pandemic will require continuous monitoring and assessment to establish the impact
ZSE resumes trading but trades in negative territory
Staff Writer
HARARE, Zimbabwe Stock Exchange resumed trading on Monday after a month long suspension and as was expected, the main indices closed in the red as the market opened sellers only.
Turnover was also quite subdued although this is only temporary as the majority of fund managers are liquid following the release of almost $300 million of
Pension funds trustees should adopt stakeholder approach
Staff Reporter
HARARE, Pension fund trustees must adopt a stakeholder approach to navigate the current business and economic realities in order to build long term value in a postCOVID-19 world as the pandemic has led to a global health and economic crisis that will have drastic short- and long-term impacts on organizations’ business models.
This