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
Staff Writer
HARARE: CABS has reaffirmed its commitment to expanding access to critical healthcare services after partnering with TM Pick n Pay and the Cancer Association of Zimbabwe to resume a nationwide free cancer screening programme targeting 10 000 women in 2026.
The programme, which kicked off on March 9 in Masvingo, marks a significant scale-up from last year’s
Staff Writer
HARARE, The National Social Security Authority (NSSA) will now fall under the regulatory oversight of the Insurance and Pensions Commission (IPEC) following President Emmerson Mnangagwa’s signing into law of the IPEC Amendment Bill last Friday.
The President’s assent was announced by Chief Secretary to the President and Cabinet, Martin Rushwaya, in General Notice 555 of 2026 published
Staff Writer
Cimas Medical Aid Society has warned its clients to expect increased healthcare costs as mounting global and local pressures continue to drive up prices of medical services and consumables.
In a statement issued yesterday, the medical aid provider said the current operating environment is being shaped by sustained medical inflation, rising input costs, fuel price volatility, and ongoing
Staff Writer
HARARE: NicozDiamond Insurance Limited posted a resilient financial performance for the year ended December 31, 2025, with profit after tax reaching ZWG22.6 million, supported by steady premium growth, strong investment income and disciplined cost controls, as the insurer navigated a challenging operating environment marked by inflationary pressures and rising claims costs.
CABS launches women-focused account to widen access to banking
Staff Writer
HARARE – CABS has launched HerNest, a new transactional and savings account designed for women and women-owned businesses, in a move aimed at closing financial inclusion gaps and expanding access to formal banking services.
The launch comes at a time when Zimbabwe’s financial sector is under pressure to develop products
HARARE: The High Court has issued a writ of execution against Alliance Insurance Company following its failure to pay a US$4 million settlement to Paramount Exports related to a fire that destroyed the company warehouse in December 2023.
The order targets Alliance’s property as part of efforts to enforce payment under a court-registered settlement agreement.
The fire consumed a three-storey warehouse
Staff Writer
Old Mutual Zimbabwe’s FinTech (financial technology) business, O MARi, has surpassed 2.1 million customers, marking a significant milestone in the group’s push to expand financial inclusion and build a diversified fintech ecosystem.
The platform, which initially focused on facilitating money transfers, is now evolving into a broader financial services offering, indicating a deliberate