FIRST MUTUAL

IPEC issues US$53m corrective order on FML

HARARE - The Insurance and Pensions Commission slapped First Mutual Holdings' Life Assurance subsidiary with a US$53 million restitution order to policyholders after an audit uncovered massive non-compliance with rules and several corporate governance...

Invictus Energy launches US$10M entitlement offer to rev up Muzarabani Project

HARARE - Invictus Energy is set to raise AU$15.2 million (US$9.99 million) through an entitlement offer in a bid to expand its operations at its Cabora Bassa project in Mashonaland Central. The offer follows a...

Econet sees positive Q3 growth but calls for balanced tariffs

HARARE - Econet Wireless Zimbabwe saw an increase in voice and data traffic in the third quarter to November 30, 2023 but a myriad of challenges which include an unbalanced tariff, limited foreign currency...

FBC lists Glen Lorne townhouses with pricy mortgage

Ryan Chigoche  FBC Building Society mortgage prices for its Glenlorne Townhouse Project have raised eyebrows, with many wondering if the units will have any takers as the initial figure is out of reach for the...

Chengetedzai Depository Company finalising launch of SLB

Talkmore Gandiwa  Chengetedzai Depository Company said it is now finalising the launch of Securities Lending and Borrowing (SLB) which will broaden and widen its product offering. SLB is the temporary transfer of shares from one party...

SENS enters Zimbabwe with BESS partnership

Sustainable Energy Solutions Sweden Holding AB (SENS) announced its expansion to Zimbabwe by entering into a collaboration agreement with local actor Nyembesi Corporate Services Africa. Through this partnership, SENS aims to explore and evaluate potential...
Barzem

Zimplow finalising Barzem acquisition

Itai Ndongwe  Zimplow Holdings is confident that it will complete the acquisition of 49% of Barzem from Barloworld Equipment UK by the end of this month. Zimplow's decision to acquire full control of Barzem would broaden...
Access bank

Access Bank acquires Atlas Mara Zambia, Creates one of Zambia`s top five banks

ACCESS Bank Zambia Limited  completed its acquisition of African Banking Corporation Zambia Limited, trading as Atlas Mara Zambia  after obtaining all requisite regulatory approvals. Atlas Mara is now a wholly owned subsidiary of Access Bank...

Harare needs to urgently review its PPP policy framework

Ryan Chigoche HARARE - There  is need for an urgent review of the Harare City Council PPP policy framework so as lure  private investments into public infrastructure. This has resulted in parastatals' dominance as  exclusive providers...

Premier African Minerals sees good lithium grades from nearby locations

Itai Ndongwe  HARARE - Premier African Minerals said that drill results from its Zulu lithium plant in Zimbabwe yielded good grades in nearby locations outside of the present mining developments. The company said certain sections of...