Business

United Kingdom based building materials supplier, “Vaka Building Materials and Hardware” has upgraded its platform to allow customers across the globe to pay using their credit or debits cards via Visa, Mastercard, Maestro and also Apple Pay, instead of traditional bank deposits.

Diversified financial services group, Zimre Holdings Limited (ZHL), has acquired a controlling stake in Fidelity Life Assurance of Zimbabwe in a transaction that is expected to boost the former’s asset base.

Old Mutual Zimbabwe has announced the modalities for its new investment instrument, the Zimbabwe Stock Exchange Top 10 Exchange Traded Fund (ETF), which will come onto the market on January 4.

State-run pension fund, the National Social Security Authority (NSSA), says the move to divest from ZB Financial Holdings (ZBFH) was based on the need to streamline the investment portfolio, particularly with regards to the financial services sector.

Time Bank Investment Corporation (TBIC) has won a High Court case in which a former executive of its subsidiary, Mr Oniyas Gumbo, claimed to be a director of and shareholder in the group’s real estate unit, Watermount Estates Private Limited.