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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

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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