Masawara Investments Mauritius Limited (“MIML”) today announced a change in its shareholding structure following the completion of a strategic equity transaction.

Sanlam Allianz Africa Proprietary Limited (“SanlamAllianz”) has divested its 40% shareholding in MIML. The shares have been acquired by Raindere Investments (Proprietary) Limited (“Raindere”), which now holds a 40% equity interest in MIML. The majority shareholder, Masawara Holdings Mauritius Limited (MHML), retains its shareholding and continues in its leadership and governance role.

SanlamAllianz commented on the development:

“We have a strong relationship with Masawara and have always been very positive about the quality of management in the Group. Following the launch of the SanlamAllianz Joint Venture, we have decided to pave the way for Masawara to introduce new shareholders, while we focus on our other markets.”

This transaction forms part of MIML’s long-term strategy to strengthen its capital base, broaden its partnerships, and position the Group for its next phase of growth across its core markets.

Continuity and Stability

• No operational changes will occur as a result of the transaction.
• The Group’s leadership, management teams, and governance structures remain unchanged.
• MIML continues to execute its strategy and commitments across all subsidiaries and investments.

Strengthening the Group’s Strategic Position

The addition of Raindere as a shareholder brings:

• Enhanced capacity for future investment;
• Increased access to sector expertise and regional networks; and
• Added depth to the Group’s long-term strategic initiatives.

Raindere Chairperson Chengetai Chikwanha added:

“We are proud to join Masawara at this pivotal moment. Successful investments are anchored in innovation, foster inclusion, and deliver customer-centric financial solutions powered by technology.”

These added capabilities will support MIML’s ambition to drive sustainable growth, deliver value to stakeholders, and strengthen the performance of the businesses within the Group.

Appreciation to SanlamAllianz

MIML extends its appreciation to SanlamAllianz for its contributions during its tenure as a shareholder and for its partnership in supporting the Group’s development to date.

Masawara also expressed its gratitude, with Group CEO Shingai Mutasa stating:

“This strategic realignment positions Masawara to take its portfolio to the next level. We are excited to partner with Raindere, whose vision aligns with our ambition to create enduring value for Africa.”

Looking Ahead

The Board and majority shareholder MHML welcome Raindere to the MIML shareholder base and look forward to collaborating in pursuit of the Group’s strategic priorities.

For further information, please contact: batsirai@masawara.com

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Date: 23 April 2025
Location: Bulawayo, Zimbabwe

Zimnat Microfinance has unveiled a new Invoice Discounting Facility, launched on the sidelines of the 2025 Zimbabwe International Trade Fair (ZITF), to support small and medium-sized enterprises (SMEs) struggling with cash flow challenges caused by delayed invoice payments.

The facility enables eligible SMEs to access up to 80% of the value of approved but unpaid invoices, allowing them to cover operating costs, pay employees, and continue fulfilling contracts — without waiting weeks or months for payments to come through.

“SMEs are central to our economy’s industrialisation journey,” said Lloyd Borerwe, Managing Director of Zimnat Microfinance. “We’ve listened to business owners who shared how difficult it is to keep operations running smoothly while waiting for invoices to be settled. Through this facility, we aim to reduce the financial pressure caused by payment delays and enable businesses to grow and fulfil new orders. This is one of the ways we are living out our brand promise of Empowering Prosperity.”

The Invoice Discounting Facility is ideal for:

• Businesses with approved but unpaid invoices
• Contractors supplying private sector clients
• Retailers and traders selling goods on credit
• Entrepreneurs without access to collateral-backed loans

What sets this solution apart is its responsiveness to real business needs.

“In developing this product, we listened to the everyday challenges faced by SMEs — especially around cash flow gaps,” said Tatenda Marongwe, Group Marketing Executive for Zimnat. “The insight was clear: many businesses had work, had clients, but didn’t have the liquidity to keep going while waiting for payments. We turned that insight into a product that responds with flexibility, speed, and practical support.”

This new facility expands Zimnat Microfinance’s growing portfolio of SME-focused financial solutions and reinforces the company’s commitment to building a more inclusive and resilient economy.

As Zimbabwe works towards a more integrated and industrialised future, Zimnat remains committed to delivering innovative financial solutions that remove barriers and empower entrepreneurs to thrive

Zimnat Financial Services (Private) Limited trading as Zimnat Microfinance is registered and regulated by the Reserve Bank of Zimbabwe in terms of the Microfinance Act 24:30. Incorporated in 2011, Zimnat Microfinance seeks to provide financial solutions to the informal and financially excluded Zimbabwean populace. It is part of the Zimnat Group a diversified financial services group with interests in General Insurance, Life Assurance, Microfinance and Asset Management. It is a member of Masawara Holdings and associated with the Sanlam Group, the largest non-banking financial services group on the African continent.

For more details, visit our Microfinance section at Zimnat Microfinance website, contact your nearest Zimnat branch on 321 today or download the product flier here: Invoice Discounting Flier (912 downloads)

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At the busy intersection of Rekayi Tangwena and Bulawayo Road, we transformed an ordinary house into a giant, gift-wrapped spectacle, symbolizing the ultimate expression of love and security. On Monday, 17 February 2025, we officially unveiled this “gift” in grand style, accompanied by a captivating live saxophone performance from the renowned Denilson.

Inside the towering gift box stood a fully furnished two-bedroom house from Instant Homes, a striking representation of the value of affordable and reliable home insurance. Our campaign was designed to spark conversations about home protection in a way that resonates with every Zimbabwean.

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“This initiative was about more than just marketing—it was about engaging with our customers in a meaningful way,” said Mrs. Betty Chiware-Togarasei, CEO of Zimnat General Insurance. “A home is one of life’s most precious investments, and just like a gift, it deserves to be protected.”

Our bold activation quickly became the talk of Harare, drawing attention both on the ground and online. Social media was abuzz with reactions, as people shared their excitement and curiosity about the giant wrapped house. The overwhelming response reinforced our belief that insurance isn’t just about policies—it’s about peace of mind, security, and, ultimately, love.

At Zimnat, we don’t just provide insurance—we create moments that matter. This Valentine’s Day, we celebrated love, security, and the joy of homeownership in a way that left a lasting impression.

Stay connected for more innovative initiatives as we continue to lead the way in customer-focused solutions.

Your Home Deserves the Best Protection.

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Honde Valley, Zimbabwe  – Zimnat General Insurance is proud to announce the successful restoration of St. Francis Pimai Primary School in the Eastern Highlands, following the devastation caused by the recent cyclone. The school, insured with Zimnat General Insurance, received a swift and comprehensive payout for property damages, allowing them to rebuild classrooms and staff quarters with minimal disruption to their academic calendar.

This event exemplifies Zimnat General Insurance’s unwavering commitment to our purpose: Empowering Prosperity. By providing schools like St. Francis Pimai with access to comprehensive property insurance solutions, Zimnat General Insurance is ensuring the stability and continuity of education, a cornerstone of a thriving community.

“We are delighted to see St. Francis Pimai Primary School back on its feet and providing a safe learning environment for its students,” said Mr Isaac Zinhanga, Business Development Executive for Zimnat General Insurance. “Their proactive approach to risk management, coupled with our prompt claims settlement process, demonstrates the true power of partnership in building resilience.”

The foresight of the St. Francis Pimai Primary School Development Committee (SDC) and the Anglican Diocese of Manicaland in securing property insurance serves as a powerful testament to the importance of financial literacy at the community level. By prioritizing risk preparedness, the SDC ensured a swift recovery for the school and minimized the impact of the cyclone on the education of its students.

St Francis is a primary school located in Honde Valley that is under the administration of the Anglican Diocese of Manicaland. With over 1000 pupils currently enrolled, the school caters for the great community of Pimai and Ruda areas.

In addition to the financial settlement for property damages, Zimnat General Insurance also donated books to the school pupils, recognizing that some of their stationery was also destroyed by the storm. At Zimnat General Insurance, we understand the critical role that schools play in fostering a brighter future for our communities. That’s why we offer a comprehensive suite of insurance solutions designed to protect educational institutions from unforeseen events.

Don’t let a disaster disrupt your school’s progress. Contact Zimnat General Insurance today to explore our tailored property insurance solutions and empower the prosperity of your educational institution. Together, let’s build a more resilient future for Zimbabwe’s education sector.

About Zimnat General Insurance

Zimnat General Insurance is a member of the Zimnat Group a diversified financial services group with interests in General Insurance, Life Assurance, Microfinance and Asset Management. It is a member of Masawara Holdings and associated with SanlamAllianz group, the largest non-banking financial services organisation on the African continent

Empowering Prosperity is at the core of everything we do. We are dedicated to partnering with individuals, families, and communities to build a brighter and more secure future.

For media enquiries contact Zimnat Group Communications Office:

email: sibandag@zimnat.co.zw

marketing@zimnat.co.zw

The post Zimnat General Insurance Supports Honde Valley School Recovery after Tropical Cyclone appeared first on Zimnat Insurance Group.

Just like “messaging” on WhatsApp, current Zimnat and new customers can now renew their motor vehicle insurance, ZBC radio and ZINARA licence on WhatsApp from wherever and whenever in a few easy steps.

The process is easy, one simply needs to initiate a conversation with the number “0786206209” by sending their vehicle registration number to the WhatsApp number e.g. AZZ1234 and they will get an instant response of what to do next. Payment is then made via Ecocash, Icecash or OneMoney wallet instantly. The process can be done in less than 2 minutes.

We also have our toll-free customer contact number 08080063/64 readily available to assist our clients navigate this new innovation.

Once a client has renewed their policy, they can then collect their license discs from any Zimnat office or select OK and Bon Marche stores nationwide at a time of their choice.

The innovation ties in with the change in trends where WhatsApp penetration has significantly grown in Zimbabwe, making it the most used applications in the country.  The service therefore gives many customers an easy way to access their insurance.

Imagine renewing your motor vehicle and radio licence on WhatsApp instead of travelling to a brick and mortar office. How convenient!

Speaking on the launch of this exciting initiative Stanley Mazorodze the chief executive officer  of Zimnat General Insurance said “As part of our thrust to always offer our clients superior client experience, we are pleased  to  be introducing a WhatsApp based licence renewal platform for our third party motor insurance clients.”

“Not only are we bringing convenience and ease of doing business with us, but we are truly making life better in these times of the pandemic.

One of the key insights we learnt from the COVID  19 pandemic was the shift from the brick and mortar to the digital and remote working culture.

This platform therefore could not have come at a better time as it allows our valued clients to renew their insurance from the safety of their homes, as they too fight to flatten the curve”, he added.

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