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First Mutual Holdings Limited

NSSA to sell stakes in Turnall, FMHL

The National Social Security Authority (Nssa) remains on a path to improve the efficiency of its investment portfolio, and the latest development in this respect is the proposed disposal of a significant stake in Turnall Holdings and part…
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FML concludes Nicoz takeover

First Mutual Holdings Limited (FMHL), which recently acquired NicozDiamond Insurance Limited, has made a mandatory tender offer to the latter’s minority shareholders to acquire the remaining 19,08 percent shares.
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Nicoz minorities approve buy out

Shareholders of Zimbawbe Stock Exchange (ZSE) listed short-term insurer NicozDiamond Insurance Limited (NDIL) have approved a proposal for a scheme of arrangement which will see First Mutual Holdings Limited increasing its stake in the…
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Africom hits hard times

Data services company Africom Holdings (Africom) continues on a downward spiral, as some of its movable assets were auctioned in Harare on Thursday for failure to meet certain unspecified obligations to Europe-based Skyvision Global Network…
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NSSA writes off $6m loans

HARARE - Pensions administrator National Social Security Authority (Nssa) has written off $5,6 million in loans inherited from now defunct Capital Bank Corporation Limited (Capital Bank).
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