Tristar- Nicoz to merge

Tristar- Nicoz to merge

  By Staff Reporter First Mutual Holdings acquisition of a controlling stake in Nicoz Diamond Insurance will result in its merger with Tristar. Tristar is a subsidiary of FML and like Nicoz its focus is on short term insurance. FML holdings CEO Douglas Hoto said the merger was likely to be concluded by half year. “Nicoz and Tristar are in the same business and we are going to merger them and delist Nicoz from the stock exchange.  We now have 81 percent of Nicoz and we have made the mandatory…

Read More

Mohadi to answer on missing diamonds

Mohadi to answer on missing diamonds

By Daniel Chigundu Mines and Energy Parliamentary Portfolio Committee has summoned Vice President Kembo Mohadi, current government ministers and former ministers to answer on the alleged missing US$15billion diamond revenue. According to former President Robert Mugabe, Zimbabwe lost about US$15 billion in diamond revenue through illicit deals and smuggling at Chiadzwa in Marange. Parliament in exercising its oversight role is trying to ascertain the authenticity of the US$15billion through the Mines and Energy Committee. In a statement, the Committee revealed that more than 18 officials and companies will appear before…

Read More