Search results for 'insurance'
Zimbabwe
Old Mutual Zimbabwe Costs Group R1.5 Billion in Earnings as Currency Transition Bites
Old Mutual excludes Zimbabwe from the key performance indicators it uses to manage the group, citing barriers to accessing capital through dividends. This means that the group's reported return on net
Mar 17, 2026
Zambia
Klapton Reinsurance Targets Regional Expansion as Direct Listing Anchors Capital Market Entry
A structured dataset tracking gross written premiums, geographic exposure, and capital adequacy would provide further insight into how effectively the company is scaling its operations across markets.
Mar 24, 2026
Zambia
Klapton Re Delivers Record Underwriting Performance as Insurance Service Result Surges 81% to ZMW 668 Million on Elite 78% Combined Ratio
Klapton Reinsurance has posted its strongest operational results since inception, with the insurance service result, the clearest measure of core reinsurance profitability under IFRS 17, surging 80.8
Apr 08, 2026
Companies
Zimre Holdings Delivers Transformational Turnaround on Elite Underwriting Discipline and Investment Gains
Zimre Holdings Limited (ZHL) has recorded its strongest performance since the IFRS 17 transition, posting a 196% increase in profit for the year to USD16.70 million for the twelve months ended 31 Dece
Apr 09, 2026
Companies
First Mutual Holdings Swings From $26m Loss to a $14m Profit: Property Revaluation Did Most Work
First Mutual Holdings, Zimbabwe's largest listed insurer, has posted a profit after tax of $14.3 million for the year ended 31 December 2025, against a loss of $26.3 million in 2024. The rehabilitati
Apr 13, 2026
World
Klapton Reinsurance Plc: Africa's Global Underwriter Takes Its Seat on the Lusaka Exchange
Klapton Reinsurance Plc completed a direct listing on the Lusaka Securities Exchange on 24 March 2026, offering up to 25 percent of its issued share capital comprising 2,821,875,000 ordinary shares a
Apr 14, 2026
Zimbabwe
Is Zimbabwe’s Insurance Sector Missing the Market That Now Defines the Economy?
Zimbabwe's insurance penetration rate stands at approximately 2%, below the Sub-Saharan Africa average of 2.8% and less than a third of the global average of 6%. This figure was cited in the 2024 annu
Apr 27, 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
Companies
The Great Africa Trek Pays Off: Regional Footprint Sprints Zimre to a Historic 142% Profit Surge
Zimre Holdings Limited has reported a 142% increase in profit for the first quarter ended 31 March 2026, rising from US$1.70 million to US$4.12 million, driven by strong top-line performance across al
May 18, 2026
Companies
ZimRe Bets on Reinsurance Capital Injection After 28% Revenue Jump to USD26.4m
ZimRe Holdings Limited, a diversified financial services group will prioritise recapitalising its reinsurance cluster during the remainder of 2026 as part of the Great Africa Trek, using additional ba
Jul 30, 2026
Top Stories
Zimbabwe Clarifies Economic Mandates for Mthuli Ncube and Tagwirei Through New Statutory Instruments
The new economic development portfolio can be assessed through concrete administrative indicators. Competition case processing times, the publication of merger decisions and the consistency of regulat
2 hours agoTreasury Owes Road Contractors US$188 Million as New US$2 Million Contract Approval Rule Takes Effect
Treasury has also warned creditors against engaging third-party debt recovery consultants whose commissions it does not recognise. The directive places greater importance on formal verification and pa
3 hours agoBuilt with Billions, Left Uninsured: Africa's Unprotected Public Infrastructure Exposes Taxpayers to Mounting Disaster Liabilities
Zimbabwe's government is moving towards compulsory insurance for public assets after its insurance regulator established that most government buildings, schools and hospitals remain without adequate p
1 day agoCBZ Loans and Deposits Surge Over 50%: Profit Barely Moves as Nonfunded Income Dominates Earnings
CBZ Holdings, has recorded substantial balance sheet expansion during the first nine months of 2026, with loans and deposits increasing by more than 53%, although profit after tax advanced just 0.9% t
1 day agoZB Lending Surges 78%, Profit Falls 31% as Core Earnings Recovery Exposes Revenue Dependence
ZB Financial Holdings recorded a 78% increase in mortgages and other advances to ZWG5.52 billion during the nine months ended 30 September 2026, although profit after tax declined 31% to ZWG420 millio
1 day agoPfuma's Rental Income Jumps 40%, Investment Returns Fall 29%: Can Property Expansion Sustain Dividends?
Pfuma Fund's rental income has increased 39.9% to US$648,049 during the third quarter of 2026, reflecting an accelerating transition from interest earning investments into income generating commercial
1 day agoCaledonia's Gold Price Jumps 20%, Shareholder Profits Collapse 81%: Who Captured the Upside?
Caledonia Mining Corporation's shareholders experienced an 81% decline in attributable profits during the third quarter of 2026, despite the company benefiting from a 20% increase in realised gold pri
1 day ago
