Staff writer/ press release
During the 2025/26 festive season, when traffic volumes and accident risks traditionally surge, the Insurance Council of Zimbabwe (ICZ) implemented a targeted highway emergency response initiative that demonstrated how coordinated, multi-stakeholder action can save lives and strengthen public confidence.
The initiative saw the deployment of ambulances along major national
Staff Writer
Zimbabwe’s life assurance industry is increasingly shifting away from traditional long-term insurance products towards predominantly renewable annual policies, prompting the Insurance and Pensions Commission (Ipec) to urge strict compliance with regulatory requirements, particularly the Funeral Directive.
According to Ipec’s life assurance sector report for the third quarter
Staff Writer
HARARE: Zimbabwe’s short-term insurance industry finds itself at a strategic variation, with the sector in 2025 demonstrating resilience, driven by a buoyant foreign-currency-denominated premium pool, a reformed regulatory landscape and expanding policy volumes.
But mounting complaints about service delivery and the policy debate around a Road Accident Fund (RAF) highlight the challenges
ICZ, HEMS partner for festive season road safety drive
Staff Writer
The Insurance Council of Zimbabwe (ICZ), in partnership with Highway Emergency Services (HEMS), has launched a festive season road safety campaign that will see 10 dedicated ambulances deployed along major highways nationwide to respond to road traffic accidents during the peak holiday period.
The initiative is part of the festive
Staff Writer
The Insurance Institute of Zimbabwe (IIZ) last Friday hosted its Annual Gala Dinner and Awards, an event that recognised visionary leaders and professionals whose lifelong contributions have shaped the country’s insurance industry.
Speaking at the celebratory dinner, IIZ president Clementine Chinyuku said the occasion
Staff Writer
Zimbabwe has strengthened its protection against climate-related shocks by joining a regional insurance pool and adopting a comprehensive disaster-risk financing strategy.
Finance, Economic Development and Investment Promotion Minister Mthuli Ncube in the 2026 national budget said Zimbabwe “ratified the African Risk Capacity (ARC) Treaty in March 2025, becoming a full member and entrenching
Staff Writer
Zimbabwe has unveiled the COMESA Digital Yellow Card USSD platform (*538#), a real-time verification system aimed at improving transparency, reducing border delays and boosting the efficiency of regional trade.
Speaking on behalf of Sienzeni Mateta — acting chief director for Economic Cooperation, International Trade and Diaspora in the Ministry of Foreign Affairs and International
Staff Writer
The recently launched National Development Strategy 2 (NDS 2) 2026–2030 places the restoration of confidence in long-term savings at the centre of financial sector reforms, Ipec has said.
The insurance and pensions regulator said the strategy recognises the crucial role that insurance and pension funds play in mobilising stable, long-duration capital for national development.
NDS 2 underscores
ZCTU pleads for pensioners welfare and protectio
Staff Writer
The Zimbabwe Congress of Trade Unions (ZCTU) says Finance Minister Mthuli Ncube’s 2026 National Budget largely ignored workers and pensioners — particularly through its continued failure to reform pension and insurance systems.
ZCTU Secretary General Tirivanhu Marimo said the budget “glaringly ignores the crisis facing pensioners,”
Mthuli increases VAT as he cuts IMT
Staff Writer
Government has cut the Intermediated Money Transfer Tax on ZiG transactions from 2 to 1,5 percent, to reduce the cost of transacting in local currency and encourage wider use of the ZiG across the economy.
IMTT is a transaction-based tax levied on electronic money transfers introduced in 2018 to widen the tax base.
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