FHML takes massive US$27,11m loss in FY24
The value of total assets fell nearly 11% during the period under review to US$256,8 million from the prior year owing to fewer gains on investment property.
By Concilia Mupezeni
Jul. 2, 2025
FMP rental collection rate declines
Management has intensified tenant engagement to recover arrears while diversifying its portfolio to reduce reliance on struggling payers.
By Tatira Zwinoira
May. 9, 2025
First Mutual Properties records US$57,28m loss in FY24
Last year, FMP had an independent valuation of its property by realtor Knight Frank Zimbabwe, which reduced the company’s investment portfolio by 26,04%.
By Tafadzwa Mhlanga
May. 6, 2025
Premium
First Mutual’s US$4 million share deal under scrutiny
The exchange rate at the time of the deal in 2019 was US$1:ZW$1, which translated to US$4 million.
By Mthandazo Nyoni
Mar. 14, 2025
Premium
Inside abandoned mega acquisitions...regulator explains tough stance on CBZ, ZB, FMHL deals
The measure was designed to prevent anti-competitive practices stemming from increased market concentration.
By Mthandazo Nyoni
Mar. 7, 2025
CTC blocks CBZ from upping FMHL’s stake
In a statement yesterday, CBZ Holdings said it “will no longer be proceeding with the mandatory offer to the minority shareholders in First Mutual Holdings Limited.”
By Tatira Zwinoira
Dec. 10, 2024
FMP defies uncertainty and invests in lucrative properties
Significant progress has been made on the project and it is nearing completion, Moyo revealed.
By Staff Reporter
Sep. 27, 2024
First Mutual sees red in 2024 H1
The loss was from a profit after tax of US$56,32 million over the 2023 comparative period.
By Ashton Ndakusiya
Sep. 24, 2024
CBZ Holdings eyes regional expansion
CBZ recently completed the acquisition of FMHL, which increased its shareholding to 36,35% in September 2023, and has since made a mandatory offer for the remaining shares.
By Melody Chikono
Aug. 25, 2024
