Staff Writer
Econet Wireless Zimbabwe says its insurance business has achieved a 35% year-on-year growth, with a 51% revenue growth being recorded for the year ended February 29, 2025.
Category: Breaking news
30May
ZB Financial Holdings launches innovative digital payment solutions
Staff Writer
HARARE, In a significant move to enhance digital payment experiences, ZB Financial Holdings (ZBFH) has partnered with Mastercard to introduce a suite of innovative digital services.
The collaboration provides ZB customers with faster, safer, and more convenient online payment solutions, catering to a broad
29May
ECGC and CIFOZ sign MOU aimed at strengthening the construction industry
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
29May
Fidelity Life Assurance pays US$300k dividend
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
22May
IIZ president Chinyuku raises Zimbabwe’s flag high
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,
22May
AFDB approves US$10,12 mln grant to boost agricultural production in Zimbabwe
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
22May
Financial services sector implored to streamline processes in REITS development
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
19May
Namibia’s offshore activities creating compelling synergy opportunities
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
16May
Pension funds urged to invest in data management systems
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
16May
Eagle Reit lists on VFEX , becomes the first REIT on the USD indexed exchange
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-