Gazetting of the US$-indexed minimum capital requirements advanced: IPEC
Staff Writer
The Insurance and Pensions Commission (Ipec) says the gazetting of the US$-indexed minimum capital requirements for short-term insurers is at an advanced stage, hence all players are expected to assess their current capital positions.
The government last year finalised regulations for the new solvency regime for the
RBZ issues administrative guidance for outstanding auction and retention balances
HARARE, The Reserve Bank of Zimbabwe (RBZ) has issued through the Exchange Control department administrative guidance and compliance parameters to authorised dealers of foreign currency.
Exchange Control acting director, Tafadzwa Muvevi through section 35 (1) of the exchange control regulations statutory instrument 109
CABS commits to support productive sectors and financial literacy
Staff Writer
CABS, a member of the Old Mutual Group, received US$110 million lines of credit in 2023 from AfreximBank and the Trade and Development Bank for on-lending to key economic sectors of the economy such as agriculture, mining, energy, and manufacturing.
The Bank, in its 2023 annual report, said it remains
AFC Insurance affirms its role in driving agricultural solutions
Staff Writer
AFC Insurance Company, together with AfC Land and Development Bank and AFC Leasing Company, are expected to continue providing accessible solutions to the agricultural sector as part of AFC Holdings’ business continuity and growth plan.
This comes as the group says it has continued to implement the plan, including
Breaking the glass ceiling:Chinyuku and Patsika Excell in Nairobi’s Angaza Awards
Staff writer
EMERITUS Re, Head of Reassurance at Emeritus Reinsurance, Clementine Chinyuku, and Managing Director at Zibuko Capital, Nonceba Patsika, have been recognised by Nairobi’s Angaza Awards as women to watch in Africa’s financial services sector and will be celebrated at the Angaza forum slated for
Risk mitigation a necessity for SMEs long-term success: Gvnmt
Staff Writer
The government says there is a general lack of appreciation for risk mitigation and insurance among MSMEs as a tool to mitigate risk, putting the continuity of economic activities within the sector in doubt should mishaps occur.
This was said by Dr Mavis Sibanda Permanent Secretary Ministry of Women Affairs, Community, Small
CIMAS has evolved over the years: Ruzema
Staff Writer
CIMAS says it has managed to grow into a medical-integrated organisation whose purpose is to inspire communities by providing local health and wellness solutions.
Cimas sales manager Taurai Ruzema, presenting at the just-ended EMCOZ business indaba last week, said CIMAS is not just a medical aid but is also into self-provision as well as wellness
Insurance companies should consider group insurance: Farmers
Staff Writer
Insurance companies in Zimbabwe should consider offering group insurance to smallholder farmers to increase uptake of agricultural insurance, Insurance 24 has learned.
This comes as agricultural insurance uptake, especially for smallholder farmers, has remained low despite concerted efforts to increase it.
Farming activities are
Pensions compensation set for March 2024 delayed further
Staff Writer
The Insurance and Pensions Commission (Ipec) says actual payments under the pre-2009 compensation schemes, which were initially scheduled to commence in March 2024, will not be possible as the assessed compensation schemes are not compliant.
Ipec, in a notice to the public, said it received and assessed 1,249 complete submissions
