Africa’s patient capital for economic transformation
Staff Writer
Category: Breaking news
14May
Pension industry challenged to move beyond property investments
Pension industry challenged to move beyond property investments
Staff Writer
CBZ Holdings group chief executive Lawrence Nyazema has urged Zimbabwe’s pension industry to redirect long-term savings into productive sectors of the economy, warning that excessive focus on defensive investments was limiting economic growth and retirement value creation.
Speaking at the Zimbabwe Association of Pension
14May
Pension funds urged to drive Zimbabwe’s economic transformation
Pension funds urged to drive Zimbabwe’s economic transformation
Staff Writer
VICTORIA FALLS — Zimbabwe’s pension industry has been challenged to take a more active role in financing national development projects while safeguarding members’ retirement savings, as the sector positions itself as a key partner in the country’s Vision 2030 agenda.
In her welcoming remarks, at the 51st annual congress
13May
Old Mutual Zimbabwe targets legacy debt clean-up with US$84 million preference share plan
Staff Writer
Harare: Old Mutual Zimbabwe is seeking shareholder approval for a sweeping balance sheet restructuring that would convert US$84,3 mln in long-standing foreign currency obligations into preference shares, as the insurer moves to resolve liabilities tied to Zimbabwe’s blocked funds regime and a decade-old indigenisation transaction.
The proposed transaction, detailed in a circular to
12May
Zimnat ordered to pay US$1,4 mln claim
Staff Writer
Harare, Zimnat General Insurance has been ordered by the High Court to pay US$1,4 million to Spencers Creek (Pvt) Ltd after the court ruled that Covid-19 triggered business interruption cover under an insurance policy issued to Ilala Lodge in Victoria Falls.
Delivering judgment in Bulawayo, Justice Mpokiseng Dube ordered the insurer to pay “the sum of US$1 400 000 . . . being monies
12May
FMHL moves to consolidate property arm with US$11,9m minority buyout offer
Staff Writer
Harare, First Mutual Holdings Limited has launched a US$11,9 million cash offer to acquire minority shareholders in its listed property subsidiary, First Mutual Properties Limited, as part of plans to delist the business from the Zimbabwe Stock Exchange and bring it fully under group control.
FMHL operates across life assurance, health insurance, short-term insurance, reinsurance, wealth
6May
Regulatory Expansion Without Relief: A Critical Analysis of the Insurance and Pensions Commission Amendment Act, 2026 and Its Implications for Zimbabwe’s Financial Services Sector
By Nobert M. Phiri
Abstract
The enactment of the Insurance and Pensions Commission Amendment Act, 2026 marks a significant recalibration of Zimbabwe’s insurance and pensions regulatory framework. Building on the proposals contained in the 2024 Amendment Bill, the Act introduces wide-ranging reforms aimed at strengthening governance, expanding regulatory oversight, and enhancing consumer protection
6May
IPEC cancels Heritage Life licence over regulatory breaches
Staff Writer
The Insurance and Pensions Commission (IPEC) has cancelled the registration of Heritage Life Limited as a life assurance company, citing multiple regulatory breaches and failure to comply with statutory requirements.
In a public notice, IPEC said it had “cancelled the registration of Heritage Life Limited as a Life Assurance Company” in terms of the Insurance Act, adding that the
30Apr
EcoCash bill-splitting feature signals shift to social commerce
EcoCash bill-splitting feature signals shift to social commerce
Staff Writer
Zimbabwe’s leading mobile money platform, EcoCash, has introduced a bill-splitting feature, a significant step towards the rise of social commerce, where financial transactions are seamlessly embedded into everyday digital conversations.
The new functionality, rolled out on the EcoCash Super App, allows users to split expenses
28Apr
First Mutual Gold ETF targets pension funds with offshore exposure strategy
Staff Writer
HARARE: First Mutual Wealth (FMW) is positioning its Gold Exchange Traded Fund (ETF) as a strategic investment vehicle for pension funds, leveraging regulatory allowances for offshore exposure while offering a diversified, inflation-hedged asset class.
According to the FMW prospectus, the product has been deliberately structured to align