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Fidelity registers REIT

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FIDELITY Life Assurance of Zimbabwe (Fidelity) has registered a Real Estate Investment Trust (REIT) to lead infrastructure development and wealth creation initiatives through public and private partnerships.
The listed financial services group’s chairman, Livingstone Gwata, said all the company’s activities continued to be focused on creating value for policyholders and shareholders, as well as growing and protecting their interests.

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“This broad objective influenced all investment decisions in capital, money, and real estate markets,” he said in a statement accompanying financials.
The group continues to diversify its portfolio investments in an environment characterised by inflationary pressures and the continued devaluation of the Zimbabwean dollar.

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