Old Mutual bids to expand funding to local industry

DIVERSIFIED financial services group Old Mutual Zimbabwe (Old Mutual) is targeting to open up more credit facilities to the productive sectors of the economy in the second half of the year.
Addressing shareholders at the group’s analysts briefing this week, Old Mutual chief executive Samuel Matsekete said the group’s appetite for lending remains firm.

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The group’s premium income and fees were driven by increased nominal inflows, price reviews and an increase in USD business.

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