THE Insurance Council of Zimbabwe (ICZ) says the newly-launched regulatory sandbox could help revive the country’s declining insurance penetration by creating space for new products, technologies and business models tailored to evolving consumer needs. Insurance penetration has fallen sharply to below five percent, largely due to low disposable incomes, worsened by the struggling informal sector,…
Leading financial services institution, Stanbic Bank, has added 13 more remote branches countrywide for this tobacco season and beyond, bringing the total to 27 to enable ease of transactions for its customers. Stanbic Bank introduced the seasonal remote branches, also known as implants, at major tobacco auction floors and key client locations in 2021 as…
THE government has urged the pension industry to prioritise investing in sectors that drive national growth while delivering inflation-hedged returns for pensioners. Zimbabwe’s pension industry remains heavily concentrated in real estate and quoted equities, which have historically accounted for about 70 percent of total industry assets. Speaking at the 2026 Zimbabwe Association of Pension Funds…
LOCAL manufacturers should intensify cost-cutting measures by localising supply chains amid rising cost pressures from the Middle East conflict, squeezing profit margins, the Confederation of Zimbabwe Industries (CZI) has warned. In its latest update, CZI said the ongoing Israel-US-Iran conflict has triggered external commodity shocks, particularly high energy costs. The geopolitical tensions prompted a 12,4…
THE International Monetary Fund (IMF) has commended Parliament’s active oversight role in promoting accountability and transparency, while highlighting progress made by Zimbabwe in strengthening economic governance under the Staff-Monitored Programme (SMP). This comes after IMF management’s approval of a 10-month non-financing SMP for Zimbabwe, a programme aimed at consolidating recent economic stabilisation gains, improving macroeconomic…
THE Grain Marketing Board (GMB) has established 1 804 mobile buying and collection points across the country to ease transport costs for farmers, who previously incurred high expenses delivering produce to depots. This initiative coincides with the GMB expanding its storage capacity to 70 000 metric tonnes and rolling out modernized silos to improve grain…
By Ntando Thukwana, Bloomberg South African annual inflation accelerated to the highest level in 20 months in April, driven by sharp increases in local pump prices stemming from the Iran war.…
MERCEDES will introduce their first significant car upgrade of the season at this weekend’s Canadian Grand Prix. The world championship leaders only brought small modifications to their W17 car for…
For Arsenal fans, it has been a very, very long wait to celebrate winning the Premier League again. So they made sure Tuesday was a special night. Supporters had gathered…
By Liesl Peyper The Middle East is playing a growing role in funding Africa, reflecting changing trade and investment patterns in an more fragmented global economy. Middle Eastern capital flows…
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