BUSINESS
Nyaradzo Life Assurance Company introduces diaspora package
Published
5 years agoon

Nyaradzo Life Assurance Company has launched a pioneer product, the Sahwira International Plan (SIP) that will cater to Zimbabweans living in the Diaspora across the globe.
The SIP will bridge the gap and give those living abroad the opportunity to be present for the burial of their loved ones. And it is available for complete registration online.
Speaking at the launch of SIP Nyaradzo chief executive officer Philip Mataranyika said the new product was especially focused for Zimbabweans living in the Diaspora.
“Today, it is estimated that there is an excess of three million Zimbabweans residing in the Diaspora and they are often not catered for by most Zimbabwean products.
We feel that Diasporans are key clients so we have tailor-made a product that meets their needs particularly when it comes to the repatriation of their loved ones. The SIP is a product dedicated to ‘redefining convenience’.
“The product benefits both Zimbabweans based in the Diaspora as well as their loved ones back home, meaning that you can cover your spouse, children and any other dependants both in the Diaspora and in Zimbabwe,” he said.
SIP allows policyholders to get two return air tickets from wherever they are in the world to Zimbabwe.
“The thinking behind this product is that death comes when least expected and in our culture, it is the norm to be present for a family burial whether immediate or extended.
However, being present can be very difficult without planning and as Nyaradzo Life Assurance Company we want to bridge that gap and give people living abroad the opportunity to be present for the burial of their loved ones,” said the CEO.
Management says the second milestone benefit of SIP is the provision of accommodation in comfortable apartments. The apartments have Wi-Fi and are fully-furnished to an upmarket standard.
This consideration for accommodation is also a solution for customers who live abroad and have properties in Zimbabwe but are renting them out.
The third innovative benefit is the provision of a double cab vehicle. Customers will be able to use the vehicle for the duration of their stay which is capped at 7 days.
In terms of the SIP, the policy covers the principal member, spouse and children under the age of 23 resident in foreign countries who wish to be repatriated to Zimbabwe.
It provides cover to other dependants and children above the age of 23 at an additional premium. One has an option to cover their relative/s of their choice who reside in Zimbabwe.
In terms of benefits within the country of residence, the SIP provides a coffin with a hermetic seal suitable for international transportation. It also provides removal from place of death to mortuary; international embalming and body preparation; repatriation to Zimbabwe and grocery allowance.
And in Zimbabwe the policy provides chapel services where chapel is available; hearse to place of burial within Zimbabwe; provision of a casket commensurate with the chosen plan; bus transport (depending on the plan type) for mourners from place of mourning to place of burial in Zimbabwe using the shortest possible route, subject to accessibility of the roads; graveside equipment; provision of a 200 seater tent; chairs and two portable toilets at one chosen location for two nights.
Nyaradzo Life Assurance Company is a member of an insurance and events management group which offers diverse products and services solutions through listening to and understanding the needs of its stakeholders.
The Herald
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BUSINESS
African Union’s Inclusion in G20: A Significant Acknowledgment of a Continent with 1 Billion Inhabitants
Published
3 weeks agoon
11/09/2023
The world’s most powerful economies, the G20, have welcomed the African Union (AU) as a permanent member, recognising Africa’s more than 50 countries as important players on the global stage. US President Joe Biden and Indian Prime Minister Narendra Modi both expressed support for the AU’s permanent membership.
The AU has advocated for full membership for seven years and, until now, South Africa was the only African country in the G20. The AU represents a continent with a young population of 1.3 billion, which is set to double by 2050 and make up a quarter of the world’s population.
Africa’s 55 member states have long pushed for meaningful roles in global bodies, including the United Nations Security Council, and want reforms to the global financial system. The continent is increasingly attracting investment and political interest from global powers like China, Russia, Gulf nations, Turkey, Israel, and Iran. African leaders are challenging the framing of the continent as passive victim and want to be brokers instead.
They seek fairer treatment by financial institutions, delivery of rich countries’ long-promised $100 billion a year in climate financing for developing nations, and a global tax on fossil fuels. The AU’s full G20 membership will enable it to represent a continent that’s home to the world’s largest free trade area and abundant resources needed to combat climate change. The African continent has 60% of the world’s renewable energy assets and over 30% of the minerals key to renewable and low-carbon technologies.
African leaders want more industrial development closer to home to benefit their economies. Finding a common position among the AU’s member states, from economic powers to some of the world’s poorest nations, can be challenging, but Africa will need to speak with one voice to influence G20 decision-making. African leaders have shown their willingness to take collective action, as seen during the COVID-19 pandemic. As a high-profile G20 member, Africa’s demands will be harder to ignore.
BUSINESS
Forging Strong Bonds: Iran and Zimbabwe Deepen Economic Ties in Raisi’s Africa Tour
Published
3 months agoon
13/07/2023
On Thursday, Zimbabwe and Iran signed 12 memorandums of understanding to strengthen their bilateral ties during Iranian President Ebrahim Raisi’s visit to Africa. Raisi had previously visited Kenya and Uganda before meeting with Zimbabwean President Emmerson Mnangagwa in Harare. Among the 12 MOUs is a plan to establish a tractor manufacturing plant in Zimbabwe with the help of an Iranian company and a local partner. The two countries also signed agreements for cooperation in energy, agriculture, pharmaceuticals, and telecommunications, as well as research, science, and technology projects.
Mnangagwa expressed his appreciation for investments in several sectors of Zimbabwe’s economy to reporters after the signing ceremony. However, he did not disclose the amount of investment Zimbabwe is expecting from Iran. Raisi mentioned the economic challenges facing Iran and Zimbabwe due to U.S. sanctions but emphasised his country’s efforts to build closer economic ties.
According to Iran’s foreign ministry, trade with Africa is expected to exceed $2 billion this year, but there was no comparison to the previous year’s figures. This African visit is the first by an Iranian leader since 2013, following a visit to three Latin American countries in June, all of which are also affected by U.S. sanctions.
BUSINESS
Breaking News: E-Creator Fraud Ring Leader Apprehended by Police
Published
3 months agoon
13/07/2023
The Zimbabwe Republic Police is requesting that individuals who have been deceived by E-Creator, Zhao Jiaotong come forward and report to the nearest police station.
According to police spokesperson Assistant Commissioner Paul Nyathi, the kingpin of the E-Creator Ponzi scheme has been arrested on charges of fraud. The suspect is identified as Chinese national Zhao Jiaotong, who is said to be the founder of the notorious platform that has scammed people out of thousands of dollars.
Nyathi stated, “The Zimbabwe Republic Police confirms the arrest of Zhao Jiaotong, 39, in connection with a case of fraud in which unsuspecting members of the public were duped through the E-Creator Ponzi scheme.”
The police are urging anyone who may have fallen victim to E-Creator to report to their nearest police station. Additionally, the public is encouraged to exercise caution and perform thorough research before investing in any Ponzi or pyramid schemes that promise quick returns.

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