Postponing the stock market listing of First Mutual and Fidelity Life

The effervescence which had gained the insurance sector in May fell down at the beginning of June when riots in Harare precipitated the closedown of the capital ‘s financial establishments and the postponing of introduction of the two larger Zimbabwean companies (First Mutual Life & Fidelity Life Assurance) in the stock exchange. The capitalization of the two companies was planned to reach respectively 15 000 000 000 ZWD (18 551 000 USD) and 2 000 000 000 ZWD (2 473 000 USD).