BUSINESS NEWS

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

FMHL.zw | 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

FINANCIAL SERVICES

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

FINANCIAL SERVICES

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

FINANCIAL SERVICES

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

FINANCIAL SERVICES

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

FINANCIAL SERVICES

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

FINANCIAL SERVICES

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

FINANCIAL SERVICES

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

FINANCIAL SERVICES

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

CONSTRUCTION & PROPERTY

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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