ZSIC seeks equity partner

ZSIC General Insurance Limited has appealed to Government to involve it in the search for a strategic equity partner to provide expertise in the company operation.
Through the Industrial Development Corporation (IDC), Government is restructuring state owned enterprises to make them competitive and contribute to national development.
In the 2019 national budget, Government announced plans to invite a strategic equity partner into ZSIC General Insurance Limited to divest some of its shares to the private sector.
In an interview on Tuesday, ZSIC General Insurance Limited managing director Charles Nakhoze said it is important to involve the board in identifying a partner because of its vast insurance knowledge.

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