Data: Financial and Insurance Services Contribution to National GDP as a Percentage (2024)

BY PANASHE BOTA NEW data has shown that financial and insurance services are concentrated in urban areas, with Harare and Bulawayo, Zimbabwe’s capital and second-largest cities, accounting for more than 50% of the total contribution to the national GDP. According to the Zimbabwe National Statistics Agency (Zimstat) data on Financial and Insurance Activities, Harare contributed 33.25% and…

Life Assurance Sector Rebounds with 74% Revenue Surge

ZIMBABWE’S life assurance sector has registered robust growth, with the latest figures showing a dramatic 74% surge in insurance revenue during the first half of 2025 compared with the same period in 2024. The development signals a return to strength in the industry’s core business operations, according to the Insurance and Pensions Commission (IPEC). Direct…