Fidelity banks on foreign operations

FIDELITY Life Assurance (Fidelity) is leaning on its Malawi unit as a hedge against Zimbabwe’s risk profile. In a trading update for the first quarter ended March 31, 2023, Fidelity said the life and pensions business component in Malawi complemented the growth in the group’s overall business growth. “…and as a foreign asset (it) is…

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