Staff Writer
Econet Wireless Zimbabwe says its insurance business has achieved a 35% year-on-year growth, with a 51% revenue growth being recorded for the year ended February 29, 2025.
Category: Corporate
30May
ZB Financial Holdings launches innovative digital payment solutions
Staff Writer
HARARE, In a significant move to enhance digital payment experiences, ZB Financial Holdings (ZBFH) has partnered with Mastercard to introduce a suite of innovative digital services.
The collaboration provides ZB customers with faster, safer, and more convenient online payment solutions, catering to a broad
29May
Fidelity Life Assurance pays US$300k dividend
Business Reporter
Fidelity Life Assurance (FLA) has declared a final dividend of US$300 000 amounting to US$0.002754 per share for the year ended 31 December 2024 following a solid performance.
The company in a statement said the dividend is in accordance with the Company’s Dividend Policy of 40% on realised cash shareholder profit.
“The dividend is payable to shareholders registered in the
16May
Eagle Reit lists on VFEX , becomes the first REIT on the USD indexed exchange
Staff Writer
The Victoria Falls Stock Exchange this morning listed its first Real estate investment trust, the Eagle REIT ,which becomes the first Reit to be listed on the bourse.
The REIT whose anchor projects are Mazowe Walk and Victoria Falls is seeking to raise US$62 million from the listing having already ssecured US$24.5 million through a private placement.
The money will be used for two afore-
16May
ZHL to prioritize balance sheet optimization and revitalise key performing assets
Staff Writer
FINANCIAL services group Zimre Holdings Limited (ZHL) says its key priorities for the year include driving balance sheet optimization, improving collaboration across strategic business units, and the revitalization of better-performing assets, Insurance24 reports
15May
ZB Bank launches mobile wallet “Smile Cash”
Staff Reporter
ZB Financial Holdings, through its banking unit ZB Bank, has launched a new mobile wallet, “Smile Cash”, as part of its digital expansion and the desire to drive financial inclusion.
Smile Cash is accessible via USSD (*225#) and is compatible with any mobile phone and currently offers zero transaction fees for users.
The ZB Chief Transformation Officer, Kangai Maukazuva, said the
8May
Private Equity Funds: When the Alternative Becomes Mainstream
HARARE, If there is one thing that has been proven over and over again in the last two decades, it is that the ZSE alone cannot be relied on for value preservation. Some investment management pundits are though quick to counter this by
demonstrating that it has beaten official price inflation over the period. A deeper analysis, however, shows how dismally it has fared against the rate of currency
6May
Zimnat, POSB in landmark insurance pact
Staff Writer
Local bank, POSB has expanded its product suite through a new bancassurance tie‑up with Zimnat General Insurance, enabling customers to purchase a range of insurance products at any of the bank’s branches nationwide.
The partnership, announced on May 5, 2025 in Harare, marks a significant step in POSB’s drive to deepen financial inclusion by leveraging its 120‑year‑old retail
2May
CABS to construct, operate, maintain own solar plant
Staff writer
The Central Africa Building Society Limited (CABS) has applied to the Zimbabwe Energy Regulatory Authority (ZERA) to construct, own, operate and maintain a 0.5 MW solar photovoltaic plant at number 3 Northend Close, Northridge Park, Borrowdale, Harare.
25Apr
Call for contributions in the WEEKLY newsletter debuting May 2, 2025.
Dear Subscriber, Insurance24 will, on 2 May 2025, resume publication of its WEEKLY informative newsletter, and in this regard, we are calling for ARTICLES from interested contributors. The newsletter will offer an outlook for insurance and pensions through the latest industry news, analysis and product reviews. For companies, the publication will create brand awareness and build stronger client