Staff Writer
Central Africa Building Society (Central Africa Building Society) has partnered with global payments firm Visa to introduce new digital payment solutions in Zimbabwe, with a virtual card expected to be launched later this month.
The development comes as CABS continues to strengthen its footprint in the payments space, having recently emerged as the country’s third most popular card
online
HARARE, IN a ruling that could reshape the landscape of insurance disputes in the country, the High Court has ordered Alliance Insurance Company (Private) Limited to, within six months, reconstruct a factory destroyed by fire just over two years ago, compelling the insurer to honour its commitment under a US$24 million policy.
Justice Takuva on Wednesday last week delivered the ruling, unequivocally
Staff Writer
Econet Wireless Zimbabwe has moved to explain the rationale behind its proposed transition from the Zimbabwe Stock Exchange (ZSE) Main Board to an Over-the-Counter (OTC) trading system administered by the Victoria Falls Stock Exchange (VFEX), citing persistent undervaluation and liquidity constraints on the local bourse.
In a circular to shareholders, the telecommunications group said
Staff Writer
CBZ Holdings is accelerating its expansion into the regional insurance market as part of a broader strategy to grow an impactful balance sheet to US$2 billion by 2028.
Group chief executive Lawrence Nyazema said in an interview on CNBC Africa on the sidelines of the World Economic Forum in Davos.
Nyazema said CBZ, whose balance sheet has grown from about US$1 billion to just over
Staff Writer
The Deposit Protection Corporation (DPC) has announced the cancellation of membership of ZB Building Society and FBC Building Society from the Deposit Protection Scheme following the withdrawal of their operating licences by financial regulators.
In a statement, the DPC said ZB Building Society ceased to be a member of the Scheme after its operating licence and registration were cancelled
Staff writer/ press release
During the 2025/26 festive season, when traffic volumes and accident risks traditionally surge, the Insurance Council of Zimbabwe (ICZ) implemented a targeted highway emergency response initiative that demonstrated how coordinated, multi-stakeholder action can save lives and strengthen public confidence.
The initiative saw the deployment of ambulances along major national
Staff Writer
The Insurance and Pensions Commission (IPEC) has called on Zimbabwe’s insurance industry to radically broaden its market focus and product offerings as part of a renewed strategy aimed at lifting the country’s low insurance penetration rate and modernizing regulatory oversight.
Speaking at the Southern Africa Insurance indaba, IPEC director of insurance and microinsurance Sibongile
Staff Writer
Old Mutual Zimbabwe says engagements with authorities continue on the potential lifting of the suspension from trading on the main bourse, the Zimbabwe Stock Exchange (ZSE).
In June 2020, Old Mutual Zimbabwe, PPC, and Seed Co International were suspended by the government from Zimbabwe’s main bourse due to the fungibility of their shares.
Staff Writer
Old Mutual Limited delivered adjusted headline earnings of R4.2 billion for the six months ended 30 June 2025, uplifting return on net asset value to 15.5% amid sales and persistency pressures.
The group’s adjusted headline earnings growth of 29% was driven by strong underwriting performance in Old Mutual Insure and strong equity market performance, particularly in South Africa and
CABS champions ESG and environmental stewardship in 2025
Staff Writer
CENTRAL Africa Building Society (CABS) has taken bold steps to champion environmental sustainability, showing that financial institutions can lead the way in responsible corporate practices.
In line with its sustainability agenda and national energy objectives, CABS commissioned a solar power plant at its Northridge Park headquarters,