ICZ, HEMS partner for festive season road safety drive

Staff Writer

The Insurance Council of Zimbabwe (ICZ), in partnership with Highway Emergency Services (HEMS), has launched a festive season road safety campaign that will see 10 dedicated ambulances deployed along major highways nationwide to respond to road traffic accidents during the peak holiday period.
The initiative is part of the festive

Staff Writer

The Insurance Institute of Zimbabwe (IIZ) last Friday hosted its Annual Gala Dinner and Awards, an event that recognised visionary leaders and professionals whose lifelong contributions have shaped the country’s insurance industry.

Speaking at the celebratory dinner, IIZ president Clementine Chinyuku said the occasion

Staff Writer

Zimbabwe has strengthened its protection against climate-related shocks by joining a regional insurance pool and adopting a comprehensive disaster-risk financing strategy.

Finance, Economic Development and Investment Promotion Minister Mthuli Ncube in the 2026 national budget said Zimbabwe “ratified the African Risk Capacity (ARC) Treaty in March 2025, becoming a full member and entrenching

Staff Writer

Zimbabwe has unveiled the COMESA Digital Yellow Card USSD platform (*538#), a real-time verification system aimed at improving transparency, reducing border delays and boosting the efficiency of regional trade.

Speaking on behalf of Sienzeni Mateta — acting chief director for Economic Cooperation, International Trade and Diaspora in the Ministry of Foreign Affairs and International

Staff Writer

The recently launched National Development Strategy 2 (NDS 2) 2026–2030 places the restoration of confidence in long-term savings at the centre of financial sector reforms, Ipec has said.

The insurance and pensions regulator said the strategy recognises the crucial role that insurance and pension funds play in mobilising stable, long-duration capital for national development.

NDS 2 underscores

ZCTU pleads for pensioners welfare and protectio
Staff Writer
The Zimbabwe Congress of Trade Unions (ZCTU) says Finance Minister Mthuli Ncube’s 2026 National Budget largely ignored workers and pensioners — particularly through its continued failure to reform pension and insurance systems.

ZCTU Secretary General Tirivanhu Marimo said the budget “glaringly ignores the crisis facing pensioners,”

Mthuli increases VAT as he cuts IMT
Staff Writer
Government has cut the Intermediated Money Transfer Tax on ZiG transactions from 2 to 1,5 percent, to reduce the cost of transacting in local currency and encourage wider use of the ZiG across the economy.
IMTT is a transaction-based tax levied on electronic money transfers introduced in 2018 to widen the tax base.
Presenting

Mthuli taxes USD cash withdrawal

Staff Writer

FINANCE and Investment Promotion Minister, Mthuli Ncube, on Thursday, expressed deep concern over the increase in US$ cash withdrawals, warn ing that it heightens the risk of informality, tax evasion, corruption, and administrative inefficiencies.

Presenting the 2026 National Budget, Ncube said the Emerging Sector continues to account for a substantial

Staff Writer

AFRICA’s insurance industry is at a defining crossroads and the sectors leaders should abandon outdated models and embrace adaptive, visionary strategies that respond to the continent’s rapidly shifting socioeconomic and climatic landscape.

Speaking at the Southern Africa Insurance Indaba in Victoria Falls on Thursday, Old Mutual general manager for life assurance , Linda Mariwande

Staff Writer

Victoria Falls — Zimbabwe is charting a bold course toward becoming a regional financial powerhouse through initiatives such as the Victoria Falls International Financial Services Centre, Insurance24 reports.

In this journey, Deputy Finance Minister Kudakwashe Mnangagwa said the insurance industry has been anchored as a cornerstone of economic progress.

Mnangagwa was speaking at the