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
Staff Writer
FINANCIAL services group Zimre Holdings Limited (ZHL) says its key priorities for the year include driving balance sheet optimization, improving collaboration across strategic business units, and the revitalization of better-performing assets, Insurance24 reports
Staff Writer
Vic Falls: The Zimbabwe Association of Pension Funds (ZAPF) 50th annual conference and general meeting kicked off in the resort town of Victoria Falls this morning with the fund celebrating its 50th anniversary.
The annual conference is running under the theme 50 Years Together: Shaping Tomorrow,Today. Building on the past ,embracing the future.
Giving his opening remarks,ZAPF chairperson
Staff Reporter
ZB Financial Holdings, through its banking unit ZB Bank, has launched a new mobile wallet, “Smile Cash”, as part of its digital expansion and the desire to drive financial inclusion.
Smile Cash is accessible via USSD (*225#) and is compatible with any mobile phone and currently offers zero transaction fees for users.
The ZB Chief Transformation Officer, Kangai Maukazuva, said the
HARARE, If there is one thing that has been proven over and over again in the last two decades, it is that the ZSE alone cannot be relied on for value preservation. Some investment management pundits are though quick to counter this by
demonstrating that it has beaten official price inflation over the period. A deeper analysis, however, shows how dismally it has fared against the rate of currency