FML Commends RBZ's Economic Stability Policy
LEADING life assurance and funeral services provider, First Mutual Life (FML) has commended the Reserve Bank of Zimbabwe’s (RBZ) tight policy stance for creating an enabling environment for business growth. Presenting the 2025 annual report this week, FML Chairperson, Amos Manzai credited the central bank’s consistency throughout the period. “The RBZ maintained its tight monetary policy stance during 2025 in pursuit of macroeconomic stability. The Bank Policy Rate for the Zim
First Mutual Life (FML) has praised the Reserve Bank of Zimbabwe's (RBZ) consistent tight monetary policy for fostering a stable economic environment conducive to business growth. The central bank maintained a 35% Bank Policy Rate for Zimbabwe Gold (ZWG) and elevated statutory reserve requirements throughout 2025, effectively managing liquidity. These actions, including the issuance of Non-Negotiable Certificates of Deposits, helped create predictability for businesses.
FML reported significant financial performance for the year ending December 31, 2025, with USD-denominated income comprising 85% of its revenue. The company saw a 22% increase in its Insurance Contract Revenue (ICR) to $15.3 million, driven by group risk and funeral product sales. Profit surged by 313% to $3.5 million, attributed to revenue expansion, cost control, and positive investment returns.
The endorsement highlights the perceived positive impact of the central bank's monetary policies on business operations and economic stability within Zimbabwe.
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