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First Mutual’s US$4 million share deal under scrutiny
The exchange rate at the time of the deal in 2019 was US$1:ZW$1, which translated to US$4 million.
By Mthandazo Nyoni
Mar. 14, 2025
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Inside abandoned mega acquisitions...regulator explains tough stance on CBZ, ZB, FMHL deals
The measure was designed to prevent anti-competitive practices stemming from increased market concentration.
By Mthandazo Nyoni
Mar. 7, 2025
CTC blocks CBZ from upping FMHL’s stake
In a statement yesterday, CBZ Holdings said it “will no longer be proceeding with the mandatory offer to the minority shareholders in First Mutual Holdings Limited.”
By Tatira Zwinoira
Dec. 10, 2024
First Mutual sees red in 2024 H1
The loss was from a profit after tax of US$56,32 million over the 2023 comparative period.
By Ashton Ndakusiya
Sep. 24, 2024
First Mutual withdraws lawsuit against Ipec
In December, FML received a corrective order from Ipec based on the findings of the report conducted by BDO Chartered Accountants.
By Melody Chikono
May. 17, 2024
First Mutual opens new health facility
This brings the total number of First Mutual’s medical facilities countrywide to 14.
By Problem Masau
Mar. 22, 2024
First Mutual celebrates women’s month
The event, themed Inspire Inclusion, brought together inspiring speakers, engaging discussions and unforgettable performances to empower women.
By Problem Masau
Mar. 18, 2024
BDO Zim at the centre of yet another accounting dispute
In a latest development, FMHL disagreed with the findings in the audit report produced by BDO.
By Melody Chikono
Feb. 23, 2024
First Mutual, Ipec tiff rages on
In a cautionary statement yesterday, FMHL said it was not in agreement with the findings of the forensic auditor, BDO Chartered Accountants, which found it guilty of breaking the law.
By Melody Chikono
Feb. 20, 2024
