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
Staff Writer
Harare, Zimnat General Insurance has been ordered by the High Court to pay US$1,4 million to Spencers Creek (Pvt) Ltd after the court ruled that Covid-19 triggered business interruption cover under an insurance policy issued to Ilala Lodge in Victoria Falls.
Delivering judgment in Bulawayo, Justice Mpokiseng Dube ordered the insurer to pay “the sum of US$1 400 000 . . . being monies
Staff Writer
Harare, First Mutual Holdings Limited has launched a US$11,9 million cash offer to acquire minority shareholders in its listed property subsidiary, First Mutual Properties Limited, as part of plans to delist the business from the Zimbabwe Stock Exchange and bring it fully under group control.
FMHL operates across life assurance, health insurance, short-term insurance, reinsurance, wealth
Staff Writer
The Insurance and Pensions Commission (IPEC) has cancelled the registration of Heritage Life Limited as a life assurance company, citing multiple regulatory breaches and failure to comply with statutory requirements.
In a public notice, IPEC said it had “cancelled the registration of Heritage Life Limited as a Life Assurance Company” in terms of the Insurance Act, adding that the
EcoCash bill-splitting feature signals shift to social commerce
Staff Writer
Zimbabwe’s leading mobile money platform, EcoCash, has introduced a bill-splitting feature, a significant step towards the rise of social commerce, where financial transactions are seamlessly embedded into everyday digital conversations.
The new functionality, rolled out on the EcoCash Super App, allows users to split expenses
Staff Writer
HARARE: First Mutual Wealth (FMW) is positioning its Gold Exchange Traded Fund (ETF) as a strategic investment vehicle for pension funds, leveraging regulatory allowances for offshore exposure while offering a diversified, inflation-hedged asset class.
According to the FMW prospectus, the product has been deliberately structured to align