MOVING the regulation of medical aid societies from the Health ministry to the insurance and pensions watchdog could destabilise the healthcare sector and duplicate skills, an umbrella body representing health funders has warned.Advertisements The Association of Healthcare Funders of Zimbabwe (AHFoZ) said this while responding to proposed amendments to the Ipec Bill, which would transfer…
RIOZIM is seeking shareholders’ approval to execute a series of corporate actions, including asset disposals, debt restructuring and financing as part of its proposed turnaround strategy.Advertisements The Zimbabwe Stock Exchange-listed metal and mining company has been struggling for profitability owing to a confluence of challenges, mainly, weak cash flow, high debt levels, undercapitalisation and antiquated…
THE Reserve Bank of Zimbabwe (RBZ) will introduce an upgraded series of ZiG bank notes on Tuesday, a move expected to enhance transactional convenience and boost the domestic use of the local currency.Advertisements The central bank says the big five ZiG bank note series received “overwhelmingly positive feedback” from stakeholders across all provinces and districts…
ZIMBABWE maintained a positive trade balance in February 2026, recording a trade surplus of US$46,4 million, a 57,7 percent decrease from the January 2026 surplus of US$109,9 million, latest data shows.Advertisements According to data from the Zimbabwe National Statistics Agency, exports amounted to US$1,01 billion in February, an increase of 4,1 percent from the January…
THE reduction of licences, permits, levies and fees in the tourism industry has improved the ease of doing business in the sector, local airline Fastjet Zimbabwe says. The reforms are…
OLD Mutual Zimbabwe (OMZ) says its rollout of new propositions across key business units drove strong growth, with revenue rising 29 percent to US$194,8 million for the year ended December 31, 2025.Advertisements The diversified financial services group expanded product distribution to reach underserved markets in its insurance business, while its banking unit focused on mobilising…
ECONET InfraCo (InfraCo) made its maiden trading on Victoria Falls Stock Exchange (VFEX) this week, Tuesday, adding just above US$900 million in equity, pushing overall market capitalisation to an unprecedented US$3,88 billion.Advertisements Accounting for approximately 23 percent of overall market value, the telecommunications infrastructure service provider closed the session at US$0,30 per share after a total of…
THE government is planning to establish a Municipal Sustainability Fund to provide seed financing and technical assistance for councils that commit to transparent reporting and sustainable project preparation.Advertisements The initiative is aimed at helping local authorities unlock alternative funding sources like green bonds and climate adaptation grants to meet the infrastructure demands of urbanisation. Speaking…
THE Victoria Falls Safari Collection (VFSC) says it is expanding its meetings, incentives, conferences and events (MICE) facilities to cater for growing demand from the business community. The resort —…
TN CyberTech Investments Holdings (TN CyberTech) disbursed 612 000 nano loans across underserved segments in the 10 months to December 31, 2025, in line with its financial inclusion thrust to grow the loan book.Advertisements Since rebranding from Steward Bank last year, the financial services group has remodelled its banking subsidiary into a neobank, leveraging scalable,…
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