Senate passes IPEC Amendment Bill, bringing NSSA under regulator
Category: Breaking news
20Mar
Innscor takes 27% stake in Tanganda After US$8m rights offer
Staff Writer
Diversified group Innscor Africa Limited now holds a 27 percent stake in Tanganda Tea Company Limited after underwriting an US$8 million rights offer through its beverage holding entity, Rutanhi Beverages Limited.
The transaction is according to Innscor is aimed at aimed at unlocking value for both the business and Zimbabwe’s agricultural sector.
Commenting on the group’s half-year
19Mar
Offshore assets drive growth in Zimbabwe’s pension sector amid rising obligations
Staff Writer
Zimbabwe’s pension industry is increasingly anchoring its asset growth and value preservation strategy on offshore and foreign currency–denominated investments, as funds navigate persistent exchange rate volatility and rising benefit obligations.
According to the Insurance and Pensions Commission (IPEC) report for the quarter ended December 31, 2025,
17Mar
Zimbabwean insurance executive Lesley Ndlovu appointed CEO of AfrexInsure
Staff Writer
A Zimbabwean insurance executive has been appointed to lead the specialty insurance arm of the African Export-Import Bank, marking a key leadership change at a time when African trade institutions are seeking stronger risk-management solutions.
AfrexInsure, the specialty insurance subsidiary of African Export-Import Bank, announced on Monday that Lesley Ndlovu will serve as its new Chief
12Mar
Insurance Regulatory Reform in Zimbabwe: Solvency, Governance, Compliance and Risk Management under Statutory Instrument 44 of 2026
Takudzwa Mashingaidze and Nobert M. Phiri
The promulgation of Statutory Instrument 44 of 2026 – Insurance (Amendment) Regulations, 2026 (No. 29), which came into effect on 27 February 2026, marks a significant development in the prudential regulation of Zimbabwe’s insurance sector. The amendments introduce a more robust framework governing capital adequacy, solvency, corporate governance, risk
6Mar
CABS, TM Pick n Pay donate US$260 000 to support cancer initiatives
Staff Writer
CABS in partnership with retail chain TM Pick n Pay Zimbabwe has donated a combined US$260 000 towards cancer-related initiatives, with the financial services institution’s managing director Mehluli Mpofu saying the collaboration reflects how partnerships can transform lives and expand access to critical health services.
The funds were raised through
27Feb
RBZ adopts new roadmap for mono-currency, abandons the 2030 target
RBZ adopts new roadmap for mono-currency, abandons the 2030 targe
Staff Writer
The Reserve Bank of Zimbabwe has changed its fixed 2030 timeline for the adoption of a mono-currency system to adopting a “conditions precedent” approach that prioritises sustained economic fundamentals over calendar dates.
Governor Dr John Mushayavanhu presenting the 2026 Monetary Policy Statement, clarified
27Feb
RBZ unveils new ZiG Notes
RBZ unveils new ZiG Note
Staff Writer
The Reserve Bank of Zimbabwe has introduced a new “Big Five” series of ZiG banknotes as part of efforts to strengthen the country’s local currency.
The notes, unveiled by RBZ Governor Dr. John Mushayavanhu, will begin circulating on April 7, starting with the ZiG10, ZiG20, and ZiG50 denominations, while higher values will follow later.
Dr. Mushayavanhu said
23Feb
Inside the significance of Econet’s OTC move
HARARE: On February 4, 2026, Econet announced its migration to an Over-The-Counter (OTC) platform on the Victoria Falls Stock Exchange (VFEX). This is a special trading platform managed by the Zimbabwe Stock Exchange (ZSE).
At first perceived as a routine corporate decision, the move signifies a strategic transformation with the potential to reshape Zimbabwe’s capital market and significantly increase
23Feb
CABS, Visa roll out virtual card to boost digital payments
Staff Writer
Central Africa Building Society (Central Africa Building Society) has partnered with global payments firm Visa to introduce new digital payment solutions in Zimbabwe, with a virtual card expected to be launched later this month.
The development comes as CABS continues to strengthen its footprint in the payments space, having recently emerged as the country’s third most popular card