Zimbabwe’s leading financial services group, Old Mutual Zimbabwe Limited has reported a robust financial performance for 2025 with its group chief executive officer Sam Matsekete pointing to resilience, innovation and economic recovery as key drivers of growth. The company recorded a 55% jump in profit before tax to US$60.6 million as revenues rose by 29% to nearly US$195 million. Speaking during an analyst briefing , Matsekete said the business had delivered “strong year-on-year growth in underlying performance”, supported by diversified revenue streams and a disciplined execution of strategy.
The banking division posted a 33% increase in loans with funding directed towards agriculture, mining and energy sectors seen as critical to Zimbabwe’s economic recovery. Deposits also rose sharply by 57% while improved credit management saw non-performing loans fall to 1% signalling stronger balance sheet resilience. In insurance, revenue surged by 79%, driven by demand for life products and funeral cover with market share rising to 13.1% by the final quarter of the year.
Asset management operations also expanded with funds under management growing by 21% buoyed by new investments and positive market returns. Matsekete highlighted digital transformation as a cornerstone of the group’s success pointing to the rapid growth of its O’mari platform. The service recorded a 69% increase in customers and a 45% rise in transaction volumes driven by products such as micro-savings and nano-loans aimed at previously underserved communities. He said the group had “enhanced its digital platforms and deployed data analytics and artificial intelligence models” to improve efficiency and customer experience.
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