ICZ appoints new chairperson, deputy

Staff Writer

The Insurance Council of Zimbabwe (ICZ) has elected CBZ insurance principal officer James Mharadze as its chairperson, taking over from Nicoz Diamond CE David Nyabadza, who has been at the helm of the Council since 2023.

Mharadze, who was also recently elected chairperson of the Council of Bureaux for the Common Market for Eastern and Southern Africa (COMESA) Yellow Card Scheme, will

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Green building practices crucial to reduce Zimbabwe’s carbon footprint

Staff Writer

The Green Building Council of Zimbabwe (GBCZ) says it is working closely with the government through relevant line ministries, departments and agencies to promote sustainable development and green building practices in the country.

According to the Council, the built environment is responsible for a significant portion of greenhouse gas emissions, and adopting green building practices

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Road Accident Fund Bill gets government approval

Staff Writer

Zimbabwe’s Cabinet has approved the Principles of the Road Accident Fund Bill, which seeks to address the current post-accident management framework, with the existing insurance packages lacking provision for immediate evacuation of accident survivors to medical facilities.

The Road Accident Fund will be funded from motor vehicle insurance premiums and any other such funds appropriated

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ECGC and CIFOZ sign MOU aimed at strengthening the construction industry

Staff Writer

The Export Credit Guarantee Corporation of Zimbabwe (ECGC) and the Construction Industry Federation of Zimbabwe (CIFOZ) have signed a Memorandum of Understanding (MOU) as part of ECGC’s reaffirmation of its collective commitment to reinforcing the foundation of Zimbabwe’s construction industry through improved financial security and accessibility.

ECGC’s Managing Director, Sekai

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IIZ president Chinyuku raises Zimbabwe’s flag high

Staff Writer

Insurance Institute of Zimbabwe (IIZ) president, Clementine Chinyuku has emerged as the top three winners of the Angaza awards Women to Watch in Banking, Finance and Investment for the year 2024.

The awards recognises expertise from women in the financial Sector Innovation Professionals in Banking, Capital Markets, Insurance, Fintech, Investment Banking and Fund Management, Microfinance,

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AFDB approves US$10,12 mln grant to boost agricultural production in Zimbabwe

Staff Writer

The African Development Bank has approved a $10.12 million grant from its African Development Fund to boost sustainable agricultural production and strengthen rural resilience in drought-prone regions.

The project is expected to directly benefit 7,000 livestock-keeping farmers and 42,000 smallholder/crop farmers in Zimbabwe.

The African Development Fund is the group’s concessional

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Financial services sector implored to streamline processes in REITS development

Staff Writer

Government has implored the financial services sector to fully support the development of Real Estate Investment Trusts (REITS) saying concerted effort was needed to streamline processes.

This was said by finance Minister Mthuli Ncube last week on listing of the Eagle REIT on the Victoria Falls Stock Exchange.

Fidelity Life Asset Management is the promoter and fund manager of the Eagle

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Namibia’s offshore activities creating compelling synergy opportunities

Staff Writer

HARARE: Zimbabwe’s engineering and fabrication expertise has potential to tap into Namibia’s offshore oil and gas sector through synergies and joint venture opportunities.

Namibia has become one of the world’s most significant oil frontiers, with estimated offshore reserves of 20 billion barrels after several discoveries in recent years along its coast.

While it has not yet produced

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