THE Insurance and Pensions Commission (Ipec) has challenged insurers to develop innovative and proactive products to cover emerging risks as climate change exposes gaps in Zimbabwe’s insurance market. The call came at the recently concluded 24th annual conference of the Association of Insurers and Reinsurers in Developing Countries (AIRDC), held in Harare. Speaking during the…
Prisca Tshuma CONSTRUCTION group ZimBuild says its Eastworlds Youth Housing Project in Mvurwi is expected to help ease Zimbabwe’s housing backlog. The project was launched at a groundbreaking ceremony last week attended by President Emmerson Mnangagwa, Vice-President Kembo Mohadi, parliamentarians, government officials, business leaders and construction industry players. ZimBuild chief executive officer Tinashe Manzungu told…
Prisca Tshuma TIGERE Real Estate Investment Trust (REIT) investors have backed the fund’s scrip dividend option, enabling it to retain capital to pursue an aggressive expansion strategy aimed at reaching a US$100 million net asset value by year-end. Results released this week showed that unitholders representing 91,48 percent of the fund’s units elected to receive…
THE Insurance and Pensions Commission says unclaimed pension benefits fell to US$20,15 million in the half year ended June 30, 2026, from US$22,28 million recorded at the end of March. The number of members with unclaimed benefits however, increased marginally from 250 435 to 250 471 during the period. “The primary contributing factor for the…
THE Treasury has touted Zimbabwe’s pensions and insurance sector as a key source of funding for infrastructure development, as it moves to strengthen regulations and introduce investment instruments aimed at unlocking more capital. The Ministry of Finance said the pensions and insurance industry had an important role to play in financing infrastructure, particularly through prescribed…
PFUMA Real Estate Investment Trust (REIT) posted a 48 percent quarterly increase in income to US$1,53 million during the second quarter of 2026 driven by rentals and funds raised ahead of its listing on the Victoria Falls Stock Exchange (VFEX). Pfuma, which listed on the VFEX in February this year with a US$22,1 million seeded…
ZB FINANCIAL Holdings (ZBFH) plans to accelerate lending in the second half of the year after a stronger balance sheet boosted its capacity to create quality assets. The group’s total assets rose 21,5 percent to ZiG19,5 billion in the six months to June 30, 2026, from ZiG16,1 billion at December 31, 2025, driven by growth…
THE Association of Healthcare Funders of Zimbabwe (AHFoZ) has urged medical aid societies to invest more in preventing non-communicable diseases (NCDs) among their members as healthcare needs continue to rise. The call comes as medical aid providers seek to contain healthcare costs while improving health outcomes. Speaking to The Financial Gazette on the sidelines of…
AGENCY banking network expansion and increased use of digital channels are underpinning NMB Holdings’ growth in transactional volumes, the financial institution has said. The group’s banking unit, NMB Bank launched its primary agency banking model in 2022 starting with approximately 16 active agents. To date, the bank’s agency network has risen to 409 active touchpoints…
FBC Holdings’ loans and advances increased 8,8 percent to ZiG11,96 billion in the six months to June 30, 2026, supported by growth in deposits and total assets. Total assets rose 17,5 percent to ZiG26,33 billion from the audited December 31, 2025, position, while customer deposits increased 20,4 percent to ZiG15,56 billion, providing a relatively stable…
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