Published: 17 October 2025

Zimbabwe's pensions sector recorded steady growth in the first half of 2025, with total assets rising to US$2.63 billion (ZWG70.76 billion) as of June 30, reflecting a 6% increase from US$2.48 billion at the end of March, according to the Insurance and Pensions Commission (IPEC).

IPEC attributed the growth to new investments, member contributions, and favourable adjustments in investment properties and equity.

"This growth signals positive movement for the sector. However, challenges persist, particularly concerning pension contribution arrears and a large proportion of inactive funds," IPEC noted.

Despite the asset growth, the sector's total income fell sharply by 78.74%, dropping to US$295.47 million (ZWG7.87 billion) for the six months to June 2025, down from US$1.39 billion during the same period in 2024. IPEC attributed the decline to reduced fair value gains, previously buoyed by exchange rate movements.

Investment performance varied across asset classes. Investment properties grew modestly by 1.75%, reaching US$1.16 billion (ZWG31.14 billion). Unquoted equity investments rose by 3% to US$108.17 million, while quoted equities fell slightly by 1.11% to US$460.37 million. Prescribed asset investments, which fund government securities, dipped 2% to US$274 million amid cautious investor sentiment.

IPEC emphasised that while the sector continues to expand, ensuring active participation and improving contribution compliance remains critical for long-term sustainability.
- NewZimbabwe

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