Staff Writer
The Export Credit Guarantee Corporation of Zimbabwe (ECGC) and the Construction Industry Federation of Zimbabwe (CIFOZ) have signed a Memorandum of Understanding (MOU) as part of ECGC’s reaffirmation of its collective commitment to reinforcing the foundation of Zimbabwe’s construction industry through improved financial security and accessibility.
ECGC’s Managing Director, Sekai
Business Reporter
Fidelity Life Assurance (FLA) has declared a final dividend of US$300 000 amounting to US$0.002754 per share for the year ended 31 December 2024 following a solid performance.
The company in a statement said the dividend is in accordance with the Company’s Dividend Policy of 40% on realised cash shareholder profit.
“The dividend is payable to shareholders registered in the
Staff Writer
Insurance Institute of Zimbabwe (IIZ) president, Clementine Chinyuku has emerged as the top three winners of the Angaza awards Women to Watch in Banking, Finance and Investment for the year 2024.
The awards recognises expertise from women in the financial Sector Innovation Professionals in Banking, Capital Markets, Insurance, Fintech, Investment Banking and Fund Management, Microfinance,
Staff Writer
The African Development Bank has approved a $10.12 million grant from its African Development Fund to boost sustainable agricultural production and strengthen rural resilience in drought-prone regions.
The project is expected to directly benefit 7,000 livestock-keeping farmers and 42,000 smallholder/crop farmers in Zimbabwe.
The African Development Fund is the group’s concessional
Staff Writer
Government has implored the financial services sector to fully support the development of Real Estate Investment Trusts (REITS) saying concerted effort was needed to streamline processes.
This was said by finance Minister Mthuli Ncube last week on listing of the Eagle REIT on the Victoria Falls Stock Exchange.
Fidelity Life Asset Management is the promoter and fund manager of the Eagle
Staff Writer
HARARE: Zimbabwe’s engineering and fabrication expertise has potential to tap into Namibia’s offshore oil and gas sector through synergies and joint venture opportunities.
Namibia has become one of the world’s most significant oil frontiers, with estimated offshore reserves of 20 billion barrels after several discoveries in recent years along its coast.
While it has not yet produced
Staff Writer
GOVERNMENT has implored pension funds to urgently invest in data in management systems as unclaimed benefits soar 62% with backlog stemming from administrative challenges, Insurance 24 reports.
Ordinarily,unclaimed benefits imply to pension benefit that has become legaly due for payment for which no claim has been lodged and, it has remained unpaid to the member or beneficiary for a period
Staff Writer
The Victoria Falls Stock Exchange this morning listed its first Real estate investment trust, the Eagle REIT ,which becomes the first Reit to be listed on the bourse.
The REIT whose anchor projects are Mazowe Walk and Victoria Falls is seeking to raise US$62 million from the listing having already ssecured US$24.5 million through a private placement.
The money will be used for two afore-
Go back to basics- pensions industry told
Staff writer
The pensions industry must go back to basics and find its green path by looking at what matters to the economy, it has emerged.
This was revealed by Nyaradzo Asset Management GM Onismas Karakadzai at the ongoing Zimbabwe Association of Pension Funds 50th Annual conference in Victoria Falls this morning.
Karakadzai who was navigating Zimbabwe’s
Staff Writer
THE pension industry needs to start looking at micro- pensions schemes while addressing the issue of poverty inorder for pensions funds to work again in Zimbabwe in the midst of a myriad propositions, Insurance 24 reports
The propositions are coming at a time the industry has over the decades battling numerous challenges including loss of value, low contributions and loss of confidence