Staff Writer
Banking unit CABS says it is committed to playing its part in the economic development of the country and, as a financier, has provided working capital and capital expenditure loans to the productive sectors of the economy.
Managing Director Mehluli Mpofu, in a statement of financials for the year ended December 31, 2024, said CABS was active in the agriculture and mining sectors as well
Staff Writer
ZIMRE Holdings says group insurance revenue amounted to US$61.86 million in 2024 compared to US$50 million in the prior year, and the bulk of it came from reinsurance business, which accounted for 78 percent.
This was followed by life and pensions business at 18 per cent and short-term insurance at 4 percent.
Net investment income was US$12.62 million, while non-insurance income amounted
Staff Writer
HARARE: Stanbic Bank Zimbabwe has launched a series of Level Up Business Clinics at its Incubator Hub, aimed at equipping small and medium sized enterprises (SMEs) with the tools to address their business challenges and enhance their growth prospects.
The clinics, which follow the success of the bank’s Starter Up Incubation programme inaugurated last year, will support 63 entrepreneurs
Staff Writer
HARARE, Old Mutual says it is proud to continue its longstanding role as the title sponsor of the Institute of Chartered Accountants of Zimbabwe (ICAZ) Charity Golf Tournament, held on April 4, 2025.
For over 12 years, this partnership has brought together golfing enthusiasts and industry leaders, all united in the common goal of supporting vital educational initiatives and community
FBC Holdings Limited says its insurance businesses are continuously adapting to industry developments as the insurance industry faced mixed fortunes in 2024, Insurance 24 reports
Staff Writer
HARARE: ZB Financial Holdings says an increase in new business as well as in sum assured was key in driving growth in gross premium for the group in 2024, closing the year at ZWG 0.16 billion and ZWG 0.33 billion in reinsurance gross premium.
The Group says this was also buoyed by an increase in the share participation,
Old Mutual Zimbabwe has invested in various initiatives aimed at promoting financial inclusion as part of the group’s efforts to support the economy.
Staff Writer
CBZ Holdings says its insurance cluster secured key partnerships and affinities in 2024 and increased dollarisation of the book to 83 per cent.
The group’s insurance units include CBZ Life, CBZ Insurance and CBZ Risk Advisory. This is in addition to the group’s other subsidiaries in banking, investments, wealth management, mortgages and retail finance.
In the year to December 31, 2024,
Staff Writer
HARARE, By embracing insurance, Zimbabwean banks can enhance their services, drive growth, and improve financial inclusion.
As the industry continues to evolve, innovative partnerships and customer-centric approaches will be crucial to success.
Integrating insurance into banking services offers numerous benefits
>Increased Customer Loyalty: By providing insurance products, banks can
Staff Writer
HARARE, Econet Wireless Zimbabwe Ltd says its subsidiary, Ecocash Holdings, is in the process of changing its name to remove the reference to EcoCash as the Company no longer owns EcoCash and the other Fintech businesses.
This comes as in April 2024, Econet Wireless Zimbabwe Limited and EcoCash Holdings Zimbabwe Limited concluded a Scheme of Reconstruction whereby all the Financial