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
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
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
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
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.
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
Staff Writer
Harare: Econet Wireless insurance business continues to grow and expand largely riding on the group’s digital platforms.
According to the group’s financials for the 3d quarter ended November 30, 2024, the life insurance business, EcoSure, recorded a 51% growth in transaction volumes compared to the same period last year as it continues to offer digital bundled products for
Staff Writer
Harare, CABS, Zimbabwe’s largest building society and a subsidiary of Old Mutual Zimbabwe, says during the course of 2024, it declared and paid dividends amounting to ZiG348.28m (being US$12 mln).
Dividends are the percentage of a company’s earnings that is paid to its shareholders as their share of the profits.
Dividends are generally paid quarterly, with the amount decided
Staff writer
Southern Africa focussed mine development and metals exploration company, Kavango Resources says it has issued a US$5million convertible loan note facility to a consortium of Zimbabwe registered pension funds, Insurance- 24 reports.
The Convertible is interest free can be drawn down in three tranches by Kavango and is convertible into new ordinary shares in Kavango at a conversion price
Staff Writer
HARARE: Fidelity Life Assurance (FLA) says the asset separation exercise is close to completion and is set to be concluded in Q1 2025.
Chairman Livingstone Gwata, in a statement on the group’s 2024 financials, said the business is now wrapping up the paperwork required to fully execute the exercise.
“The exercise brings