Search results for 'irst Mutual Holdings'
Zimbabwe
Riding the Hyperinflationary Storm: First Mutual Delivers Solid Q1’FY23 Performance

In the face of persistent macroeconomic instability and hyperinflation in Zimbabwe, First Mutual Holdings Limited was able to navigate treacherous waters to deliver a robust set of results for the qua

May 30, 2023
Companies
CBZ Seals Merger Deal with FML

CBZ Holdings and First Mutual Holdings Limited have entered into a merger, with CBZ acquiring a 36% stake in FMHL. This merger marks a significant milestone between the bank and insurance company, as

Sep 06, 2023
Companies
First Mutual Reports Half-Year Loss of US$33.69 Million

First Mutual Holdings Limited (FMHL) concluded the first half of 2024 with a significant loss of $33.69 million, a contrast to the $56 million profit reported in the same period last year. This downt

Sep 23, 2024
Companies
CBZ-FML Acquisition Crumble: Competition and Tariff Commission Ruling Halts Deal

The Competition and Tariff Commission (CTC) has issued a ruling against CBZ Holdings' proposed acquisition of additional shares in First Mutual Holdings (FML). This decision follows CBZ's purchase of

Dec 10, 2024
Companies
First Mutual Holdings Rebounds with US$6.2 Million Profit in H1 2025

First Mutual Holdings Limited (FMHL) has staged strong turnaround, posting a profit after tax of US$6.2 million for the half year ended 30 June 2025, reversing a US$32.7 million loss recorded during t

Sep 18, 2025
Companies
Morgan & Co ETF Loses 68% of NAV as Redemptions Drain Fund

The Morgan & Co Multi-Sector Exchange Traded Fund has ended 2025 with a Net Asset Value of ZWG 24.18 million, down from ZWG 75.25 million twelve months earlier. That was a 68% collapse in fund size wi

Apr 17, 2026
Companies
FMP Minority Shareholders Offered 3.3c Exit, 65% Below Audited NAV as Delisting Vote Nears

First Mutual Properties Limited is set to delist from the Zimbabwe Stock Exchange on 1 July 2026, with majority shareholder First Mutual Holdings Limited offering minority shareholders US$0.033 per sh

May 11, 2026
Companies
First Mutual's Profit More Than Doubles as Malawi and Funeral Services Scale

First Mutual Holdings Limited has reported profit growth of more than 100% for the first quarter ended 31 March 2026, rising from US$1.38 million to US$2.95 million, driven by insurance contract reven

May 18, 2026

Top Stories

The New Gold Standard: Harare Bars Foreigners From Small-Scale Gold Mining

Zimbabwe gold, small-scale mining, foreign mining ban, citizen empowerment, gold smuggling, Fidelity Gold Refinery, mining policy, Polite Kambamura, US$15m threshold, resource nationalism

4 hours ago

Zimbabwe Declares Its Minerals Strategic: Critical Minerals Policy Rewrites Ownership Rules

On 22 May 2026, Zimbabwe formally published its Mineral Classification and Declaration, designating lithium, platinum group metals, cobalt, nickel, graphite, copper, rare earths, and chrome as Critica

1 day ago

China Opened the Gate: Zimbabwe’s Horticulture Sector Must Now Meet the Standard

Zimbabwe’s horticultural trade relationship with China entered a structurally new phase on 1 May 2026, when Beijing’s zero-tariff policy for 53 African countries came into full effect. For Zimbabwean

May 22, 2026

What Does ASB’s US$30m Kingdom Hotel Deal Say About Victoria Falls Tourism?

When the Competition and Tariff Commission approved the acquisition of Makasa Sun by ASB Hospitality LLC without conditions in February 2026, the regulatory decision ran to a paragraph. The transactio

May 22, 2026

Milk Production Climbs to 40m Litres, Imports Expose Dairy Processing Deficit

Zimbabwe's commercial milk production grew 7% to 40 million litres in the first four months of 2026, up from 38 million litres in the comparable period last year, as the country edges toward what gove

May 21, 2026

NMB vs First Capital: What Q1 Results Reveal About Two Different Banking Strategies

NMB Holdings, has reported profit after tax of USD 8.34 million for the first quarter ended 31 March 2026, against USD 2.52 million in Q1 2025, a 231% increase according to the latest trading update.

May 21, 2026

First Capital’s Deposit Base Surges as Customer Confidence Deepens

First Capital Bank has reported total income of USD 23 million for the first quarter ended 31 March 2026, a 20% increase on the prior year according to the latest trading update. Customer deposits gr

May 21, 2026

What Do ZB’s Q1 Results Say Against Other Banks?

ZB Financial Holdings’ reported first quarter 2026 results have seen a divergent performance across its four core revenue streams, characterised by both growth and declines. Commissions and fees grew

May 21, 2026