CBZ looks to expand micro insurance products

Staff writer

FINANCIAL jagganaut,CBZ Holdings Limited says it is looking at expanding its micro-insurance products to appeal to the market adding that it will take value from its micro-finance business going into the future.

This comes as the firm says it has several insurance products in the sector including the hospital cash plan and comfort shore plan among others.

Responding to questions

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NicozDiamond to consolidate local market leadership, records profit in 2024

Staff Writer

NicozDiamond Limited, a member of First Mutual Holdings, says local market leadership consolidation still remains the group’s key focus that can be used as a springboard for the long-term regional expansion strategy.

Cluster chief executive David Nyabadza, in a statement of financials for the year ended December 31, 2024, said the Group will seek to leverage technology and digital

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POSB Launches Solar and Starlink Loan Facility to Schools to improve sustainable energy and digital connectivity

Staff Writer

The People’s Own Savings Bank (POSB) has unveiled a Solar and Starlink Loan, a transformative financing solution designed to help schools and staff in the education sector across Zimbabwe to access reliable solar energy and high-speed internet connectivity via Starlink.

Chief executive Garainashe Changunda in a statement said this people-centric initiative is a direct response to the

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First Mutual Holdings consolidates regional presence and plans to list a gold exchange-traded fund

Staff Writer

First Mutual Holdings (FMHL) Insurance Contract Revenue (ICR) for the half-year period to June 30, 2024, grew by 15 percent year-on-year to US$84,009 mln compared to US$73,193 mln for the same period in 2023, primarily driven by increased customer uptake.

Chief executive Doug Hoto told shareholders at the group’s annual general meeting (AGM) that the pure USD ICR contribution remained

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Old Mutual Insurance bets on innovation and market expansion to power growth

Staff Writer

OLD Mutual Insurance Company says its aggressive drive to expand market reach and roll out innovative products underpinned double-digit revenue growth for the year ended December 31, 2024.

Gross premium written (GPW) rose 10% to ZiG1,137 billion from ZiG1,040 billion in 2023, buoyed by new business acquisition and a strong retail portfolio, which grew to contribute 40% of GPW compared

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ZSE Holdings self-lists, commences trading Friday, 11 July 2025

Staff Writer

The Zimbabwe Stock Exchange Holdings (ZSEH) has self-listed on its Main Board by way of introduction, and trading of its securities will commence on July 11, 2025.

Chief executive Justin Bgoni said the listing is part of the ZSE’s transformational journey, which began in 2020 and is now coming to a close with the accomplishment of ZSE Holdings’ self-listing on the ZSE.

He said

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FMHL insurance contract revenue growth spurred by sustained customer confidence

Staff Writer

First Mutual Holdings (FMHL) consolidated Insurance Contract Revenue (“ICR”) for the period ended 31 March 2025 was $41.7 million, reflecting a 17% increase compared to the prior year.

The group in a trading update said the growth was driven by sustained customer confidence in the Group’s insurance offerings.

Absolute foreign currency (USD, BWP and MZN) constituted 82% of the Group’s

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