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First Mutual Holdings suffers US$27 million loss
Financial services group First Mutual Holdings Limited (FMHL) has reported a significant after-tax loss of US$27.11 million for the financial year ended December 31, 2024, reversing the previous year'...Published: 02 Jul 2025 at 12:05hrs | 229 | by Staff reporter
Zimbabwe govt to clear pre-2009 pensions backlog
The Zimbabwean Government is finalizing amendments to Statutory Instrument (SI) 162 of 2023 to fast-track compensation payments to private sector pensioners who lost significant value in their s...Published: 01 Jul 2025 at 08:23hrs | 455 | by Staff reporter
Treasury launches last-ditch push to stabilise Zimbabwe economy
Zimbabwe's Treasury has embarked on a last-ditch effort to stabilise the country's fragile economy, amid growing fears that policy inconsistency, inflation, and currency volatility could derail indust...Published: 22 May 2025 at 11:33hrs | 619 | by Staff reporter
Cashier in court for diverting funeral policy funds
A 21-year-old man from Kandava Village under Chief Seke has appeared before the court for allegedly misappropriating funeral policy funds amounting to US$22,385 for personal use.Cuthbert Munya...Published: 07 Mar 2025 at 06:53hrs | 163 | by Staff reporter
5MW plant commissioned at Mutirikwi Dam
A major step forward in Zimbabwe's energy sector was made on Saturday with the commissioning of a five-megawatt hydropower project at Mutirikwi Dam. The plant, a collaboration between local and foreig...Published: 21 Nov 2024 at 06:30hrs | 309 | by Staff reporter
Mnangagwa commissions US$18,5m Bulawayo students' complex
President Emmerson Mnangagwa yesterday officially commissioned the state-of-the-art Bulawayo Students Accommodation City Complex, a landmark project in Matsheumhlope suburb valued at US$18.5 million. ...Published: 16 Nov 2024 at 14:22hrs | 352 | by Staff reporter
Mnangagwa to commission Nust students' Complex
President Emmerson Mnangagwa is in Bulawayo today to preside over a series of significant events that underscore the Second Republic's commitment to infrastructural and educational development....Published: 15 Nov 2024 at 08:33hrs | 423 | by Staff reporter
Lake Mutirikwi Hydropower station 95% complete
The Lake Mutirikwi Hydro Power Station, located at Mutirikwi Dam in Masvingo, is 95% complete, with an expected commissioning by the end of August 2024. The USD $14.6 million project will generate 5MW...Published: 17 Aug 2024 at 12:56hrs | 815 | by Staff reporter
FML bosses fleece policyholders
FIRST Mutual Life Assurance (FML) managers set up an employee mortgage scheme and an employee staff loan scheme without the knowledge of the board, resulting in policyholders being prejudiced of more ...Published: 21 Mar 2024 at 19:45hrs | 2 | by Staff reporter
Zimbabweans prepare more for death than life
Zimbabweans prepare more for death than life with 76% of all insurance taken being funeral policies, Old Mutual Zimbabwe Group CEO, Samuel Matsekete has said.The uptake of life policies is low...Published: 11 Mar 2024 at 07:34hrs | 5 | by Staff reporter
Lake Mutirikwi hydro power plant nears completion
THE US$14,6 million hydro power plant that has a rated output of five megawatts of electricity that will be added to the national grid is now 70 percent complete and is expected to be commissioned in ...Published: 03 Mar 2024 at 08:45hrs | 2 | by Staff reporter
Lake Mutirikwi hydro power project 75% complete
Construction of the US$14,5 million mini-hydro power plant at Lake Mutirikwi Dam in Masvingo by Great Zimbabwe Hydro Power Company is now in the home stretch with the 5-megawatt station set for commis...Published: 31 Jan 2024 at 04:48hrs | 5 | by Staff reporter
Zimbabwe central bank fails to pay Equatorial Guinea debt for 40MW solar project
The Reserve Bank of Zimbabwe (RBZ) has reportedly failed to fulfill part of its debt to Equatorial Guinea for a local investment in a 40MW solar project in Bwoni Village, Seke District, according to i...Published: 08 Dec 2023 at 05:39hrs | 18 | by Staff reporter
Zimbabwe pensioners to be compensated for 2007-9 losses
PENSIONERS who lost their life savings during the 2007 to 2009 hyper-inflation era will receive compensation from February 2024, a senior Insurance and Pensions Commission (Ipec) official has said....Published: 17 Nov 2023 at 05:05hrs | 11 | by Staff reporter
New city for 30 000 residents on the cards in Zimbabwe
GOVERNMENT has approved a plan for the development of a new town between Mvuma-Chivhu and Manhize in the Midlands province amid growing interest from industrialists, banks, and other service providers...Published: 19 Jun 2023 at 06:45hrs | 38 | by Staff reporter
ZB moves to lay off excess staff
ZB Financial Holdings Limited (ZBFHL) will be shedding some of its staff via a recently completed voluntary disengagement scheme, after reporting a rise in staffing costs of over 100% last year....Published: 30 May 2023 at 06:46hrs | 1 | by Staff reporter
O'mari takes on EcoCash
FINANCIAL services giant, Old Mutual Zimbabwe Limited (OMZL), through Old Mutual Digital Services (OMDS), has launched O'mari, a business unit that will provide mobile money services, insurtech, inves...Published: 26 May 2023 at 06:37hrs | 1 | by Staff reporter
Zimbabwe speeding into the territory of charter cities
FINALLY, Al Jazeera aired the first of the four-part series documentary Gold Mafia. Social media went into overdrive, with many people condemning the attitude and character of some of those implicated...Published: 25 Mar 2023 at 08:19hrs | 4 | by Paidamoyo Muzulu
Doves rated the best Funeral Service Provider in Zimbabwe
Doves Funeral Services has been rated the best Funeral Service Provider of 2022 in Zimbabwe. The results were revealed through a Twitter poll that was run by a ratings poll agency Service Rate Zw. ...Published: 30 Dec 2022 at 07:34hrs | 45 | by Mandla Ndlovu
EcoCash banks on disruptive innovations
EcoCash Holdings has said it will continue to disrupt and challenge the status quo in the digital services space by leveraging data analytics and artificial intelligence.Group chief executive ...Published: 10 Oct 2022 at 06:06hrs | 3 | by Staff reporter
EcoCash brings more convenience for its users, unveils new bill management service
EcoCash has introduced 'EcoCash Bill Manager', a new service that brings more convenience for its users and simplifies how EcoCash customers manage their bill payments to different service providers, ...Published: 01 Jul 2022 at 04:42hrs | 20 | by Agencies
Outcry over insurance service gaps
THE Insurance Council for Zimbabwe (ICZ) was inundated with widespread complaints from the public over lack of transparency by insurers.This was highlighted at the recently held Zimbabwe Inter...Published: 13 May 2022 at 19:10hrs | 2 | by Staff reporter
Universities to copy Nust accommodation model
THE Infrastructure Development Bank of Zimbabwe (IDBZ) will replicate the National University of Science and Technology (Nust) student accommodation model at other universities to curb shortages at te...Published: 02 May 2022 at 08:03hrs | 7 | by Staff reporter
Mnangagwa's oligarchs: The heirs of Cecil Rhodes
As Zimbabwe's economy has spiralled down, with one million economic refugees in South Africa alone and ordinary people facing shortages of food, fuel, medicine and shelter, there is a class of people ...Published: 08 Feb 2022 at 18:29hrs | 20 | by Phillip van Niekerk and a Zim-based Research Team
Nyaradzo effects 300% premium increases
Covid-19 has decimated economies leaving people with little or no money to spend on basic essentials like food, health and funeral insurance among others.With prolonged lockdowns in many count...Published: 01 Feb 2022 at 05:27hrs | 2 | by Staff reporter
Doves burial scandal: New details emerge
DOVES Funeral Services allegedly stuffed blankets and plastic bags inside the coffin meant to have carried the remains of the late Maxwell Chimwamurombe, in the latest twist to the burial saga of the ...Published: 30 Jan 2022 at 08:15hrs | 1 | by Staff reporter
BCC threatens to repossess 88 commercial, industrial stands
BULAWAYO City Council has threatened to repossess 88 commercial and industrial stands after the owners failed to pay bills, or to develop them.In a notice yesterday, town clerk Christopher Dub...Published: 24 Jan 2022 at 05:26hrs | | by Staff reporter
Stop interfering with Doves wrangle, Court tells Kereke
CONVICT Munyaradzi Kereke (pictured) has been barred from interfering with the ongoing ownership wrangle at Doves Holdings Limited after he tried to stop court proceedings by writing letters directly ...Published: 12 Dec 2021 at 19:40hrs | 29 | by Staff reporter
CBZ swoops on FML shares as new financial group emerges
CBZ Holdings, currently trading under cautionary, has secured a 31.22% stake in First Mutual Holdings Limited (FML), paving the way for the creation of a US$2.5 billion financial behemoth to rival Old...Published: 13 Nov 2021 at 17:38hrs | 15 | by Staff reporter
RBZ officials' trial in false start
THE trial of two Reserve Bank of Zimbabwe principal economists on allegations of leaking a de-dollarisation road map document on social media, saw a false start yesterday after the State indicated tha...Published: 03 Nov 2021 at 05:17hrs | 4 | by Staff reporter
Econet answers church's prayers
Econet Life, a subsidiary of EcoCash Holdings Zimbabwe Limited (formerly Cassava Smartech Zimbabwe), has partnered the Zimbabwe Christian Ministers Association (ZCMA) to provide an assortment of insur...Published: 14 Oct 2021 at 07:52hrs | 15 | by Staff reporter
Zimnat launches Motor Vehicle Assessment Centre with simulated accident
Zimnat General Insurance today (Thursday) launched its first Motor Vehicle Assessment Centre with a head turning simulation of an accident along Leopold Takawira Street in Harare, opposite Parirenyatw...Published: 09 Sep 2021 at 16:53hrs | 32 | by Staff reporter
New details on Intermarket bank heist
There is growing unease at ZB Financial Holdings Limited (ZBFHL) after recent revelations Transnational Holdings Limited (THL) the second-largest shareholder is pushing for a separation following the ...Published: 08 Aug 2021 at 07:17hrs | 1 | by Staff reporter
ICSAZ re-elects Taona Munzvandi as its president
The Institute of Chartered Secretaries and Administrators in Zimbabwe (ICSAZ) has re-elected as its president Taona Munzvandi, who is managing director of Daxilon Security and former chief executive o...Published: 21 Jun 2021 at 17:49hrs | | by Agencies
Nyaradzo Funeral sued for releasing funeral claim funds to wrong client
CHIREDZIA well-known Chiredzi sugarcane farmer and war veteran, Boniface Mutemachani and Nyaradzo Funeral Services are in a nasty fight as the former claims the latter disbursed his reimbursement to t...Published: 20 May 2021 at 06:33hrs | 4 | by Staff reporter
Doves ownership wrangle escalates
THE High Court has blocked a Doves Holdings shareholder and a top executive from stripping assets of the leading life assurance firm as a bitter ownership row rages.Farai Matsika, a shareholde...Published: 09 May 2021 at 08:17hrs | 3 | by Staff reporter
Matsika, Gatsi accused of asset stripping Doves
A BOARD member of Doves Holdings, Farai Matsika, and the chief operating officer of the company, Edson Gatsi, have been accused of stripping the assets of the life assurance firm.This is conta...Published: 08 May 2021 at 08:09hrs | 3 | by Staff reporter
COVID-19 remodelled Nyaradzo Funeral Services' business
The COVID-19 pandemic has ushered in a new way of approaching issues among Zimbabweans who witnessed a huge number of fellow citizens succumbing to the pandemic after the second wave that hit the coun...Published: 08 Mar 2021 at 05:44hrs | 4 | by Staff reporter
Zimbabwe funeral parlours overwhelmed by COVID-19
AS AUTHORITIES continue to battle to contain the deadly coronavirus, amid alarming deaths and new infections in the country, Zimbabwe's stretched funeral parlours say they are now being overwhelmed by...Published: 17 Jan 2021 at 13:34hrs | 1 | by Staff reporter
ZimAchievers Awards light up South Africa
Zimbabwe Achievers Awards (ZAA) honored the year's high achievers at a glittering ceremony held at The Venue Melrose Arch graced by the Zimbabwean Ambassador to South Africa HE David Hamadziripi in Jo...Published: 08 Dec 2020 at 11:19hrs | 18 | by Agencies
Funeral parlours fight over Ginimbi body
THE late socialite and businessman Genius "Ginimbi" Kadungure's body was taken to Doves Funerals parlour yesterday despite Nyaradzo Life Assurance being the first to manage it, an episode which set to...Published: 14 Nov 2020 at 05:28hrs | 22 | by Staff reporter
Flamboyant send-off for Ginimbi
THE late socialite and businessman Genius Kadungure, popularly known as Ginimbi has proved to be a character larger than life itself as this Friday thousands of people thronged Doves Harare street to ...Published: 13 Nov 2020 at 19:19hrs | 3 | by zbc
Zimnat hands over nationwide boreholes to Health and Child Care Ministry
Zimnat and Health Maintenance Network Africa on Tuesday handed over 10 boreholes valued at more than five million Zimbabwe dollars to the Ministry of Health and Child Care as their contribution toward...Published: 15 Oct 2020 at 08:35hrs | 3 | by Agencies
Major shake-up looms at ZB Bank
A MAJOR shake-up is looming at ZB Financial Holdings (ZBFH), with veteran banker Nicholas Vingirai tipped to increase his stake in a deal that would make him the majority shareholder in the listed gro...Published: 09 Oct 2020 at 10:16hrs | 12 | by Staff reporter
Nasty legal showdown at Doves
DOVES Life Assurance Company (Doves) shareholders are embroiled in a nasty High Court battle after Farai Matsika allegedly tried to elbow out his partner Phibeon Busangabanye.Matsika and Busan...Published: 04 Sep 2020 at 06:19hrs | 2 | by Staff reporter
Old Mutual divests from Moyo's NMT Capital
OLD Mutual Limited (OML) has revealed plans to divest from NMT Capital, a company founded by its recently axed chief executive, Peter Moyo.Last month, the South African-based financial service...Published: 04 Sep 2019 at 08:42hrs | | by Staff reporter
FML taken to court over ex-worker's benefits
FIRST Mutual Life Assurance (FMLA) has approached the High Court with an application for review following a dismissal of its application which sought to challenge the criminal charges preferred agains...Published: 04 Sep 2019 at 08:36hrs | 1 | by Staff reporter
Zimnat partners Access Finance to provide bureaux de change
Zimnat customers can now obtain bureau de change services at selected Zimnat branches across the country, following the establishment of a partnership between Zimnat General Insurance and Access Finan...Published: 02 Sep 2019 at 16:08hrs | | by Agencies
Trouble for Peter Moyo as Old Mutual plans to exit his company
In its half-year results, released on Monday morning, Old Mutual says it is planning to exit a company founded by its on-again, off-again CEO Peter Moyo.Moyo was axed in June following a suspe...Published: 02 Sep 2019 at 08:15hrs | 3 | by Staff reporter
Zimnat social media followers win trip to Capetown marathon
Zimnat today announced the social media winners of an all-expenses paid trip to Capetown to participate in the Sanlam Marathon on September 15 and briefed the winners, Tariro Makanga and Lilian Choruw...Published: 28 Aug 2019 at 14:42hrs | 5 | by Agencies
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