NicozDimond, Tristar merger commences

The directors of Tristar Insurance Company Limited (Tristar), a short-term insurance unit of First Mutual Holdings Limited (FML), have passed a resolution to seek the approval of the Minister of Finan...

By Staff reporter | Published: 21 September 2018


Army deployed in G40 strongholds, ZDI claims

DEFENCE forces chiefs are worried that people in G40 strongholds will likely vote for the opposition to spite President Emmerson Mnangagwa who took over through a military coup, a local think tank has...

By Staff reporter | Published: 11 July 2018


NicozDiamond to delist from ZSE

LISTED short-term insurer, NicozDiamond Insurance Limited, will be delisted from the Zimbabwe Stock Exchange as First Mutual Holdings Limited (FMHL) assumes 100 percent ownership.FMHL, which recently ...

By Staff reporter | Published: 11 June 2018


FML seeks 100% of NicozDiamond

First Mutual Holdings Limited (FMHL) will increase its stake in NicozDimond Insurance Limited (NDIL) to 100 percent if shareholders approve the proposal at a meeting to be held at the end of this mont...

By Staff reporter | Published: 07 June 2018


FMHL, NicozDiamond deal approved

The Competition and Tariff Commission (CTC) has approved a deal that would see First Mutual Holdings Limited (FMHL) acquiring NicozDiamond Insurance Ltd total issued share capital.The merger with Tris...

By Staff reporter | Published: 13 April 2018


Zimbabwe Defence Industries to be resuscitated

The Zimbabwe Defence Industries (ZDI) is set to be resuscitated through strategic partnerships with universities and colleges to provide cutting edge military solutions, Zimbabwe Defence Forces (ZDF) ...

By Staff reporter | Published: 12 January 2018

ANNOUNCEMENTS | Update on Transaction to Acquire NicozDiamond Insurance

Details:Shareholders are advised that First Mutual Holdings Limited ("FMHL") has received regulatory approval for the acquisition of the entire issued share capital of NicozDiamond Insurance Limited (...

By FMHL | Published: 07 December 2017


FML shareholders okay NicozDiamond takeover

FIRST Mutual shareholders have approved directors' proposals to the entire issued share capital of Zimbabwe's biggest short term insurer, NicozDiamond.FML will now acquire from its anchor Shareholder,...

By Staff reporter | Published: 04 September 2017


Nicoz Diamond PAT down in 1H

NICOZ DIAMOND Insurance Limited saw its profit after tax declining by 0,5% to $1,2 million in the six months ended June 30, 2017 after the group incurred retrenchment costs at its unit in Malawi.In th...

By Staff reporter | Published: 28 August 2017


NicozDiamond records 6% revenue growth

NicozDiamond managed to record a revenue growth of 6% as at April 2014 compared to the same period last year, MD Grace Muradzikwa told the AGM today. "We are grateful to our business providers to...

By Staff reporter | Published: 29 May 2014


NicozDiamond to tighten its belt

NicozDiamond will focus on managing costs and maintaining a healthy bottom line in F14 as revenue growth is expected to be subdued in line with a downcast economic environment, managing director Grace...

By Staff reporter | Published: 10 March 2014


NicozDiamond on capital-raising drive

ZIMBABWE Stock Exchange-listed insurance firm NicozDiamond Insurance is in the process of raising capital that will see the firm consolidating its position on both the local and regional markets, a co...

By Business Reporter | Published: 14 November 2013


Human capital skills a key focus area for NicozDiamond

From their presentation at the analyst briefing after announcing their half year results NicozDiamond managing director, Mrs Grace Muradzikwa said that retaining human capital skills was one of their ...

By Staff reporter | Published: 30 August 2013


NicozDiamond reports impressive numbers

The short term insurer reported a set of impressive numbers underlined by a 14% growth in gross premium written to $16m. Rental and investment income declined slightly from $0.6m to $0.4m. However, c...

By Staff reporter | Published: 28 August 2013


NicozDiamond's profitability in line with budgets

NicozDiamond's profitability in the 4 months to April is in line with budget expectations with the Gross Premium Written improving by 31.25% to $10.5 million as at 30 April 2013, group MD Grace Murad...

By Business reporter | Published: 10 June 2013


NicozDiamond's Hatfield cluster project to commence this year

NicozDiamond's Hatfield cluster project development will commence this year, MD Grace Muradzikwa told an analyst briefing yesterday. "We have been looking at other property investments and seei...

By Business reporter | Published: 10 June 2013

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