Staff Writer
Old Mutual Zimbabwe launched its nationwide #WinterWarmer Campaign, a compassionate initiative designed to support the country’s most vulnerable communities during the harsh winter season.
Category: Breaking news
17Jul
Pension Funds’ Property Shift Drags Down ZSE Performance
Staff reporter
Zimbabwe’s stock market is feeling the strain as pension funds pivot away from equities in favour of property and alternative assets, a move that the Imara Asset Management has said is weighing heavily on the Zimbabwe Stock Exchange (ZSE).
In a recent quarterly investment notes update to clients, Imara non-executive director John Legat said pension funds’ growing preference
15Jul
Old Mutual Insurance bets on innovation and market expansion to power growth
Staff Writer
OLD Mutual Insurance Company says its aggressive drive to expand market reach and roll out innovative products underpinned double-digit revenue growth for the year ended December 31, 2024.
Gross premium written (GPW) rose 10% to ZiG1,137 billion from ZiG1,040 billion in 2023, buoyed by new business acquisition and a strong retail portfolio, which grew to contribute 40% of GPW compared
10Jul
ZSE Holdings self-lists, commences trading Friday, 11 July 2025
Staff Writer
The Zimbabwe Stock Exchange Holdings (ZSEH) has self-listed on its Main Board by way of introduction, and trading of its securities will commence on July 11, 2025.
Chief executive Justin Bgoni said the listing is part of the ZSE’s transformational journey, which began in 2020 and is now coming to a close with the accomplishment of ZSE Holdings’ self-listing on the ZSE.
He said
7Jul
Ipec to streamline the approval process for offshore investments by pension funds
Staff Writer
The Insurance and Pensions Commission (IPEC) says it has come up with an administrative framework for offshore investments which seeks to streamline the approval process for offshore investments by pension funds.
In this regard, a tripartite committee which is chaired by Ipec is now in place, and the regulator will be responsible for approving offshore investments.
In 2022, Ipec introduced
4Jul
IFoA President Visits Zimbabwe
Staff Writer
The Insurance and Pensions Commission (IPEC) on July 1, 2025 hosted the President of the Institute and Faculty of Actuaries (IFoA), United Kingdom, Ms Kartina Tahir Thomson, at its Head Office in Harare.
The high-level engagement brought together senior representatives from IPEC, led by Commissioner, Dr Grace Muradzikwa, and the Actuarial Society of Zimbabwe (ASZ) led by its president,
4Jul
FMHL insurance contract revenue growth spurred by sustained customer confidence
Staff Writer
First Mutual Holdings (FMHL) consolidated Insurance Contract Revenue (“ICR”) for the period ended 31 March 2025 was $41.7 million, reflecting a 17% increase compared to the prior year.
The group in a trading update said the growth was driven by sustained customer confidence in the Group’s insurance offerings.
Absolute foreign currency (USD, BWP and MZN) constituted 82% of the Group’s
1Jul
Pensioners benefits require more attention: Ipec
Staff Writer
The Insurance and Pensions Commission (Ipec) says while pension benefits are mirroring asset performance, they are far from meeting pensioners reasonable expectations.
Dr Grace Muradzikwa, at the Commission’s AGM on Monday, said improving pensioners insurance benefits is an area that requires more attention.
“We have been monitoring whether the benefits are matching asset performance.
1Jul
ICZ appoints new chairperson, deputy
Staff Writer
The Insurance Council of Zimbabwe (ICZ) has elected CBZ insurance principal officer James Mharadze as its chairperson, taking over from Nicoz Diamond CE David Nyabadza, who has been at the helm of the Council since 2023.
Mharadze, who was also recently elected chairperson of the Council of Bureaux for the Common Market for Eastern and Southern Africa (COMESA) Yellow Card Scheme, will
26Jun
NSSA’s information systems require urgent upgrading: Minister
Staff Writer
The government says there is an urgent need to upgrade the National Social Security Authority (NSSA) systems in order to improve efficiencies in collecting contributions and paying pensions.
This was said by the Minister of Public Service, Labour, and Social Welfare, Edgar Moyo, announcing the Authority’s new Board, chaired