Staff Writer
HARARE, Retailer, Ok Zimbabwe says it has begun restocking its units across the country with support from supplier partners as well as financial institutions that continue to assist with short-term funding structures.
The company also said it has developed new alternative procurement models which include, but are not limited to, a structured stock supply arrangement with a third party
Staff Writer
The Insurance and Pensions Commission says the industry needs to rethink how it trains and develops itself to navigate emerging complexities and continue to deliver value-added insurance 24 reports.
This comes as the insurance industry is undergoing tremendous transformation, driven by technological advancements, changing consumer expectations, and increasing risk complexity.
Addressing
Staff writer
HARARE, Econet Wireless says its 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 a wider customer reach.
In its trading update for the 3rd quarter 2023, the firm said the short-term insurance business, Moovah continued to grow its portfolio driven largely by new
Staff Writer
Harare, The Zimbabwe Stock Exchange (ZSE) has notified the investing public of the voluntary termination of the listing of the Old Mutual Top Ten Exchange Traded Fund, effective 17 January 2025.
The unitholders of the Old Mutual Top Ten Exchange Traded Fund met on 12 December 2024 and resolved to voluntarily terminate the Exchange Traded Fund’s listing on the ZSE under Section 11
Staff Writer
Unitholders for the Old Mutual Zimbabwe Stock Exchange Top Ten Exchange Traded Fund (OM ZSE TT ETF) have approved the ETF’s delisting and termination of the fund and distribution of all the assets to the current unitholders.
At an Extraordinary General Meeting (EGM) of Unitholders held on December 12, 2024, 20,930,189 shares, representing 99.99 percent of the unit holders, voted
Staff Writer
FBC Securities, a stockbroking and equities research firm says fewer pension funds have taken advantage of the permission by IPEC to invest in offshore assets as a way of mitigating local economic risks and improve returns for pensioners.
In 2022, the Insurance and Pensions Commission (IPEC) of Zimbabwe introduced a regulation permitting pension funds to invest up to 15% of their portfolios
Staff Writer
Two corporate giants, TM Pick n Pay and CABS, donated a total of US$150,000 worth of cancer medicines to Mpilo Hospital, underscoring the collective effort in the fight against cancer in Zimbabwe.
TM Pick n Pay contributed US$100,000, while CABS provided an additional US$50,000, joining forces to make a significant and lasting impact on the lives of those affected by cancer.
This
Staff Writer
Banking unit, CABS, was recognised in two awards categories at the Banks and Banking Survey and Awards 2024, showing the bank’s commitment to ESG and its digitalisation drive.
CABS was the runner-up in both the Environmental, Social, and Governance (ESG) and Digital Innovation awards.
ESG has become a central focus for banks, driven by growing regulatory pressures, market demand,
Staff Writer
WAICA Reinsurance Corporation Plc (WAICA Re) has established AFIN Bank UK Limited, a wholly owned subsidiary in the United Kingdom, a strategic move that marks a significant step in WAICA Re’s mission to strengthen financial ties between Africa and international markets.
AFIN, short for “Africa Affinity,” embodies WAICA Re’s deep-rooted connection to the African
Staff Writer
Old Mutual Zimbabwe has advised the termination of the Pensions Plus product saying the product has ceased to be on offer effective 31 December 2024.
In a notice to pensioners who acquired the product, Old Mutual Zimbabwe said regulatory approval was sought and granted for this change to be put into effect.
“Old Mutual Zimbabwe wishes to advise its valued pensioners who acquired a Pensions