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

Read more

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,

Read more

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

Read more

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

Read more

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

Read more

Pension funds urged to invest in data management systems

Staff Writer

GOVERNMENT has implored pension funds to urgently invest in data in management systems as unclaimed benefits soar 62% with backlog stemming from administrative challenges, Insurance 24 reports.

Ordinarily,unclaimed benefits imply to pension benefit that has become legaly due for payment for which no claim has been lodged and, it has remained unpaid to the member or beneficiary for a period

Read more

Go back to basics- pensions industry told

Go back to basics- pensions industry told

Staff writer

The pensions industry must go back to basics and find its green path by looking at what matters to the economy, it has emerged.

This was revealed by Nyaradzo Asset Management GM Onismas Karakadzai at the ongoing Zimbabwe Association of Pension Funds 50th Annual conference in Victoria Falls this morning.

Karakadzai who was navigating Zimbabwe’s

Read more

Pension funds urged to look at micro-pension schemes

Staff Writer

THE pension industry needs to start looking at micro- pensions schemes while addressing the issue of poverty inorder for pensions funds to work again in Zimbabwe in the midst of a myriad propositions, Insurance 24 reports

The propositions are coming at a time the industry has over the decades battling numerous challenges including loss of value, low contributions and loss of confidence

Read more

ZAPF 50th annual conference kicks off , as industry promises more support for the economy

Staff Writer

Vic Falls:  The Zimbabwe Association of Pension Funds (ZAPF) 50th annual conference and general meeting kicked off in the resort town of Victoria Falls this morning with the fund celebrating its 50th anniversary.

The annual conference is running under the theme 50 Years Together: Shaping Tomorrow,Today. Building on the past ,embracing the future.

Giving his opening remarks,ZAPF chairperson

Read more

Private Equity Funds: When the Alternative Becomes Mainstream

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

Read more