Staff Writer
HARARE: Zimbabwe’s pension funds are now heavily invested in investment properties, a shift away from equity investments where traditionally the funds had the highest concentration.
Category: Breaking news
10Jun
4 areas of growth for insurance businesses in 2025
Driven by evolving customer needs, technological advances, and regulatory shifts, what has been key growth opportunities for 2025:
1) Sports Insurance
The global sports industry is rapidly expanding, driving higher demand for comprehensive insurance. As sports grow in both professional and recreational spheres, insurers will see an increased need for coverage addressing athlete injuries, event
6Jun
Pending conclusion of the forensic audit delays FMHL publication of 2024 financials
Staff Writer
First Mutual Holdings Limited (FMHL) says it has been granted approval by the ZSE for a further extension of the deadline for the publication of the audited financial statements for the year ended 31 December 2024.
The group said the delay in publication has arisen as the company is currently working with its auditors to finalise outstanding audit opinions for the financial years 2021
6Jun
Credsure says it offers more than just car or home insurance
Credit Insurance: Zimbabwe’s Unsung Hero for Business Growth
In the bustling world of Zimbabwean commerce, where businesses constantly navigate economic shifts, a lesser-known but incredibly vital financial fool stands ready to offer a crucial safety net: Credit Insurance, While many are familiar with car or home insurance, credit insurance operates quietly in the background, a powerful guardian
4Jun
Road Accident Fund Bill gets government approval
Staff Writer
Zimbabwe’s Cabinet has approved the Principles of the Road Accident Fund Bill, which seeks to address the current post-accident management framework, with the existing insurance packages lacking provision for immediate evacuation of accident survivors to medical facilities.
The Road Accident Fund will be funded from motor vehicle insurance premiums and any other such funds appropriated
2Jun
Old Mutual Limited expects limited impact on the net asset value of the Zimbabwean business
Staff Writer
Old Mutual Limited (OML), incorporated in South Africa says it ceased to apply hyperinflation accounting for Zimbabwe for FY2024 following the change in functional currency from ZiG to the US dollar.
Consequently, the group expect reduced transfers to the foreign currency translation reserve in the future.
In a voluntary operating update for the quarter ended March 31, 2025, the group
2Jun
Econet Wireless insurance business achieves 35 % year-on-year growth
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.
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