Staff Writer
CABS committed US$20 million to the US$125 million syndicated financing facility for Mutapa Gold Resources’ Shamva Hill project, reaffirming its commitment to supporting strategic sectors of the economy through long-term financing partnerships.
Speaking at the signing ceremony last Thursday, CABS Deputy Managing Director Mr Cecil Ndoro said the bank remained committed to working
Staff Writer
Old Mutual is preparing to launch a US$46,2 million Development Real Estate Investment Trust (REIT) on the Victoria Falls Stock Exchange (VFEX), expanding the range of long-term investment assets available to institutional investors.
The US dollar-denominated REIT, sponsored by Old Mutual Life Assurance Company and managed by Old Mutual Investment Group, is expected to open for subscriptions
Econet InfraCo deploys 90 new base stations as solar expansion gathers pace
Staff Writer
HARARE – Old Mutual Limited has announced plans to migrate its secondary listing in Zimbabwe from the Zimbabwe Stock Exchange (ZSE) to the Victoria Falls Stock Exchange (VFEX), ending a six-year impasse that left its shares suspended from trading and restoring market access for local investors.
The move, which is subject to regulatory approvals, will see one of Zimbabwe’s largest
Staff Writer
First Mutual Holdings Limited (FMHL) will pay out about US$1,3 million to minority shareholders of First Mutual Properties Limited (FMP) following the successful completion of a voluntary delisting offer that culminated in the property company’s exit from the Zimbabwe Stock Exchange (ZSE).
The cash offer attracted valid acceptances for 39,65 million shares, translating to a
Staff Writer
First Mutual Holdings Limited (FMHL) more than tripled its earnings in the first five months of 2026 after a sharp rebound in investment income offset rising insurance claims and operating costs, underscoring the resilience of the diversified financial services group’s business model.
The insurance and investment group reported a 202 percent jump in profit after tax to US$10,02
Staff Reporter
Victoria Falls – Zimbabwe’s mining industry must urgently embrace climate finance and invest in cleaner technologies if it is to remain competitive in global markets increasingly driven by environmental standards and carbon reduction targets, Old Mutual Zimbabwe has said.
Speaking at the Chamber of Mines Zimbabwe Annual Mining Conference and Exhibition 2026, Old Mutual Zimbabwe
Staff Writer
The People’s Own Savings Bank (POSB) and AFC Insurance Company have signed a strategic bancassurance partnership aimed at expanding access to insurance products and integrated financial services across Zimbabwe, particularly in underserved rural communities.
The agreement will see POSB offer a range of insurance products through its banking network, including crop and livestock
Staff Writer
THE Insurance and Pensions Commission (Insurance and Pensions Commission) has cancelled the registration of Orchid Funeral Assurane effectively removing the firm from Zimbabwe’s insurance sector over serious regulatory breaches.
In a notice issued on 1 June 2026, IPEC confirmed the decision in terms of Section 22 of the Insurance Act (Chapter 24:07).
“The Insurance and Pensions Commission
Staff Writer
Harare: Old Mutual Zimbabwe is seeking shareholder approval for a sweeping balance sheet restructuring that would convert US$84,3 mln in long-standing foreign currency obligations into preference shares, as the insurer moves to resolve liabilities tied to Zimbabwe’s blocked funds regime and a decade-old indigenisation transaction.
The proposed transaction, detailed in a circular to