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Topic : First Mutual Holdings

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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

First Mutual’s US$4 million share deal under scrutiny

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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

Inside abandoned mega acquisitions...regulator explains tough stance on CBZ, ZB, FMHL deals

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 withdraws lawsuit against Ipec

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

BDO Zim at the centre of yet another accounting dispute

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