Staff Writer
HARARE, The Insurance Council of Zimbabwe (ICZ), an association of short-term insurers, says the industry is exploring new business lines through inclusive insurance and targeting the informal sector.
Currently, motor and fire insurance continue to dominate short-term insurance industry revenue in both local currency and US dollar terms.
Staff Writer
HARARE: Attending antenatal clinics or classes is important for the well-being of pregnant women and their babies as it equips them with knowledge, exposes them to screening and treatment for any health issues, Cimas Health Group’s doctor Martin Chirara has noted.
Dr Chirara was commenting in light of the theme for the recently commemorated World Health Day, “Healthy Beginnings, Hopeful
Staff Writer
Harare, CABS, Zimbabwe’s largest building society and a subsidiary of Old Mutual Zimbabwe, says during the course of 2024, it declared and paid dividends amounting to ZiG348.28m (being US$12 mln).
Dividends are the percentage of a company’s earnings that is paid to its shareholders as their share of the profits.
Dividends are generally paid quarterly, with the amount decided
Staff writer
Southern Africa focussed mine development and metals exploration company, Kavango Resources says it has issued a US$5million convertible loan note facility to a consortium of Zimbabwe registered pension funds, Insurance- 24 reports.
The Convertible is interest free can be drawn down in three tranches by Kavango and is convertible into new ordinary shares in Kavango at a conversion price
Staff Writer
HARARE: Fidelity Life Assurance (FLA) says the asset separation exercise is close to completion and is set to be concluded in Q1 2025.
Chairman Livingstone Gwata, in a statement on the group’s 2024 financials, said the business is now wrapping up the paperwork required to fully execute the exercise.
“The exercise brings
Staff Writer
Banking unit CABS says it is committed to playing its part in the economic development of the country and, as a financier, has provided working capital and capital expenditure loans to the productive sectors of the economy.
Managing Director Mehluli Mpofu, in a statement of financials for the year ended December 31, 2024, said CABS was active in the agriculture and mining sectors as well
Staff Writer
ZIMRE Holdings says group insurance revenue amounted to US$61.86 million in 2024 compared to US$50 million in the prior year, and the bulk of it came from reinsurance business, which accounted for 78 percent.
This was followed by life and pensions business at 18 per cent and short-term insurance at 4 percent.
Net investment income was US$12.62 million, while non-insurance income amounted
Staff Writer
HARARE, The Passengers Association of Zimbabwe national coordinator Mr Tafadzwa Goliath has said the introduction of a toll-free line is a welcome development, offering vital support to those in need, particularly when navigating claims or services.
This follows the launch by the
Staff Writer
Harare, The Insurance Council of Zimbabwe (ICZ) has launched an integrated emergency call centre (591), accessible free across the country’s networks and linked to critical emergency services.
Chairman David Nyabadza, at the launch said the toll-free call centre is directly integrated with critical emergency services, such as the Zimbabwe Republic Police (ZRP), ambulance services, insurers
Staff Writer
HARARE: Stanbic Bank Zimbabwe has launched a series of Level Up Business Clinics at its Incubator Hub, aimed at equipping small and medium sized enterprises (SMEs) with the tools to address their business challenges and enhance their growth prospects.
The clinics, which follow the success of the bank’s Starter Up Incubation programme inaugurated last year, will support 63 entrepreneurs