Staff Writer
ZIMRE Holdings Limited (ZHL) recorded a 15% increase in profit after tax to US$10.74 million for the half year ended June 30, 2026, supported by growth in insurance revenue, investment returns and cost management.
The group’s profit rose from US$9.33 million recorded in the comparable period last year, while total income increased by 31% to US$67.47 million from
Staff Writer
Zimbabwe Stock Exchange chief executive Justin Bgoni has been appointed Vice President of the African Securities Exchanges Association (ASEA), placing him at the centre of efforts to deepen cooperation and cross-border investment across the continent’s securities markets.
Bgoni’s appointment, effective October 2, 2026, comes as African exchanges seek to strengthen inter-exchange
Staff Writer
Fidelity Life Assurance of Zimbabwe’s earnings came under significant pressure in the first half of 2026, with group profit falling 74% to US$1.57 million as rising insurance service costs overwhelmed weaker insurance revenue growth.
According to financials of the group’s unaudited interim financial statements for the six months to June 30, 2026, the business remains profitable but
Staff Writer
THE US$1,6 billion Initial Public Offering of Nigeria’s Dangote Refinery is giving Zimbabwean pension funds, insurers and other institutional investors access to a major regional investment opportunity, while also highlighting the importance of deeper capital-market integration in Southern Africa.
The Securities and Exchange Commission of Zimbabwe has authorised the Financial Securities
ZHL profitability strengthens as regional expansion reshapes earning
Staff Writer
ZIMRE Holdings Limited (ZHL) increased profit after tax by 15% to US$10.74 million in the six months to June 30, 2026, as stronger insurance revenue, improved investment returns and regional expansion under its Great Africa Trek strategy supported earnings growth.
The group’s profit after tax increased from US$9.33
Staff Writer
Central Africa Building Society (CABS) has secured a US$30 million financing partnership with British International Investment (BII) to expand access to long-term funding and trade finance for Zimbabwe’s agriculture and food manufacturing sectors.
The facility, comprising a US$20 million term loan signed this week and a planned US$10 million trade finance facility, is expected to strengthen
Staff Writer
First Mutual Holdings Limited (FMHL)’s insurance businesses recorded growth in the first half of the year, but rising claims and acquisition costs continued to put pressure on underwriting margins, highlighting the need for greater claims and cost management.
The diversified financial services group increased insurance contract revenue by six percent to US$92,8 million in the six
Staff Writer
For years, the conversation around Zimbabwe’s young people has largely been framed around unemployment, limited access to finance and the difficulty of transitioning from education into the formal economy.
But the sixth edition of the Old Mutual Value Creation Challenge (VCC) is beginning to demonstrate that there is another, potentially more consequential, way of looking at the country’s
Staff Writer
CBZ Bank has secured sustainability certification, strengthening its push to embed environmental, social and governance (ESG) considerations into its operations, lending decisions and broader approach to value creation.
The certification, awarded by the International Council of Sustainability Standards for Value-Driven Financial Institutions and the European Organisation for Sustainable
Staff Writer
CABS delivered a mixed but fundamentally resilient performance in the first half of 2026, with strong balance sheet growth and rising interest and fee income providing a solid platform for future expansion, even as higher funding and operating costs weighed on profitability.
The banking society’s loans and advances increased 33 percent to ZWG9,02 billion from ZWG6,78 billion in the