HARARE, April 26 (The Source) – Life assurance premium income dropped by 6 percent to $81,4 million in the first quarter to March from $88,1 million reported in the same period last year, the latest report by the Insurance and Pension Commission (IPEC) shows.
HARARE, August 17 (The Source) – State-owned mobile operator, Netone, in collaboration with First Mutual Life (FML), on Thursday launched a low cost funeral policy supported by a $10 million BancABC facility.
HARARE, August 17 (The Source) – Zimre Holdings Limited (ZHL) says it has started negotiations over the disposal of some of its assets, likely including the 30.03 percent stake in NicozDiamond to state-controlled pension fund, the National Social Security Authority (NSSA).
HARARE, August 17 (The Source) – Mortgage lender CABS says a total 200 houses under the Budiriro housing project have been purchased through the rent to buy scheme since it was introduced last year.
HARARE, August 16 (The Source) – State-owned Agricultural Development bank of Zimbabwe (Agribank) reported a profit of $2,18 million in the six months to June from $2,16 million recorded in the comparable period last year on increased income.
HARARE, August 10 (The Source) – First Mutual Holdings Limited (FMHL) is seeking shareholder approval to raise $17,25 million through a rights issue to finance the acquisition of a 80,92 stake in Zimbabwe’s largest short-term insurer Nicoz,Diamond.
HARARE, August 9 (The Source) – ZB Holdings reported a 38 percent increase in net profit from $5,9 million to $8,2 million in the six months to June driven by a jump in transaction revenue.
HARARE, August 4 (The Source) – Non-life insurers reported a 60 percent increase in after tax profit from $2.39 million to $3.83 million in the quarter to March, driven by an increase in gross premiums written (GPW) and a reduction in operational expenses, a report… Read More
HARARE, August 4 (The Source) – MBCA Bank’s net profit more than doubled to $2,7 million in the six months to June from $1,2 million achieved in the comparable period last year, driven by an increase in non-interest income.
HARARE August 3 (The Source) – Zimbabwe’s largest financial group, CBZ Holdings on Thursday reported an after tax profit of $12 million in the six months to June which is largely flat when compared to $11,9 million achieved in the same period last year. Net… Read More
HARARE, August 3 (The Source) – Internet and mobile based transactions reached $1,56 billion in May, nearly double from $814 million in January driven by massive uptake of the electronic payments. “This has gone a long way at reducing reliance on hard cash by business… Read More
HARARE, August 1 (The Source) – Deposit taking microﬁnance institution, GetBucks says its $15 million Medium Term Note will now be placed privately by way of a tap issue following slow uptake of the initial offer which opened in May.
HARARE, July 31 (The Source) – The funeral assurance industry’s after tax profit for the first quarter to March increased 56 percent to $2.5 million compared to $1.63 million in the same quarter last year, largely on the back of a drop in claims and… Read More
HARARE, July 27 (The Source) – Zimbabwe’s biggest bank, CBZ has set new withdrawal limits for its international Visa card holders will also now be required to funds their accounts with physical cash before travel. The card holders will now be restricted to $200 per… Read More
By Kuda Chideme, HARARE, July 14 (The Source) – Reserve Bank of Zimbabwe (RBZ) Governor John Mangudya on Wednesday told a business symposium organized by the University of Zimbabwe that the country had received $2,8 billion in foreign currency receipts between January and June. By… Read More