NSSA buys 10pct of NicozDiamond shares

HARARE, November 23 (The Source) – State run pension fund, National Social Security Authority (NSSA), on Wednesday bought  56.6 million shares, 10 percent of Zimbabwe’s largest short-term insurer NicozDiamond’s total issued share capital, that were offloaded by a foreign investor at 2,75 cents. Foreign buyers… Read More

NicozDiamond sells off Uganda operation

HARARE, September 21 (The Source) – Zimbabwe’s largest short-term insurer, NicozDiamond says it has found a prospective buyer for its Ugandan operation, First Insurance Company (FICO). The Group is looking at disposing of FICO, which it acquired from parent company Zimre Holdings, citing low returns… Read More