First Mutual - The Zimbabwe Independent

Topic : First Mutual

FHML takes massive US$27,11m loss in FY24

The value of total assets fell nearly 11% during the period under review to US$256,8 million from the prior year owing to fewer gains on investment property.

By Concilia Mupezeni Jul. 2, 2025

FHML takes massive US$27,11m loss in FY24

FMP rental collection rate declines

Management has intensified tenant engagement to recover arrears while diversifying its portfolio to reduce reliance on struggling payers.

By Tatira Zwinoira May. 9, 2025

First Mutual Properties records US$57,28m loss in FY24

Last year, FMP had an independent valuation of its property by realtor Knight Frank Zimbabwe, which reduced the company’s investment portfolio by 26,04%.

By Tafadzwa Mhlanga May. 6, 2025

First Mutual Properties records US$57,28m loss in FY24

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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

FMP defies uncertainty and invests in lucrative properties

Significant progress has been made on the project and it is nearing completion, Moyo revealed.

By Staff Reporter Sep. 27, 2024

FMP defies uncertainty and invests in lucrative properties

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

CBZ Holdings eyes regional expansion

CBZ recently completed the acquisition of FMHL, which increased its shareholding to 36,35% in September 2023, and has since made a mandatory offer for the remaining shares.

By Melody Chikono Aug. 25, 2024