Zimbabwe Teachers Investment Trust: ZITIT

08/01/2026

ZITIT Enters 2026 on a Strong Growth Trajectory, Despite Economic Headwinds

Harare, Zimbabwe – New Year Communiqué

As Zimbabwe ushers in the New Year, the Zimbabwe Teachers’ Investment Trust (ZITIT) reflects on a demanding yet progressive 2025, a year defined by institutional consolidation, expansion of empowerment initiatives, and strategic groundwork for accelerated growth in 2026.

Throughout 2025, ZITIT continued to entrench itself as a teacher-driven economic empowerment vehicle, delivering tangible value to members while navigating a challenging operating environment characterised by macroeconomic volatility, liquidity constraints, and regulatory processes that required patience and resilience.

2025: A Year of Consolidation and Measurable Gains

Key among the Trust’s achievements was the strengthening of its national investment projects, anchored by ZITIT Microfinance, which remained the primary source of capital for Trust operations. The year also saw the start of progress towards registering the microfinance arm with the Reserve Bank of Zimbabwe, a critical step toward the long-term vision of establishing a ZITIT Commercial Bank, fully owned by teachers.

ZITIT Funeral Services continued to provide reliable bereavement support, honouring all claims made during the year and enhancing service delivery through strategic asset acquisition, including buses. ZITIT Logistics expanded its fleet and invested in new engine technology to improve reliability, while ZITIT Drilling laid the foundation for growth through refurbishment of existing equipment and starting the process of procurement of an additional drilling rig.

Despite these gains, some projects experienced delays due to capitalization requirements, regulatory approvals, and operational constraints. Dividend disbursement processes were also affected by system-related and administrative bottlenecks, including the ongoing establishment of bulk payment platforms. Management, however, maintained transparent engagement with members throughout the process.

Financially, ZITIT recorded a notable improvement in performance, with dividends increasing by over 10 percent compared to the previous year, reaffirming the Trust’s ability to deliver returns even under difficult conditions.

Strategic Milestones and Institutional Growth

The year was further marked by successful hosting of the 2025 Annual General Meeting, where delegates adopted key resolutions to modernize operations. These included the rollout of a digital platform to enable online membership management, payments, investment transactions, and access to Trust services—an innovation set to significantly improve efficiency and member experience.

In a bold expansion of the empowerment agenda, members also adopted constitutions for the Zimbabwe Teachers Empowerment Union (ZTEU) and the Zimbabwe Teachers’ Medical Aid Society (ZITMED), positioning ZITIT as a comprehensive socio-economic movement addressing teachers’ welfare during and beyond employment.

2026: A Year of Expansion, Delivery and Renewed Impact

Looking ahead, 2026 is projected to be a year of ex*****on and scale-up. ZITIT plans to operationalize more projects, increase fleet capacity, deploy additional drilling rigs, introduce enhanced funeral packages, and roll out its digital systems nationwide. Capitalization of provincial projects, diversification of revenue streams, and strengthened compliance frameworks remain top priorities.

Management has also committed to improving dividend efficiency, deepening stakeholder partnerships, and accelerating regulatory engagements to unlock the next phase of growth.

Message to Members and Investors

As the Trust steps into the New Year, ZITIT extends its deep appreciation to members, investors, and stakeholders for their continued confidence, patience, and support.

With strong foundations laid, clear strategies in place, and an unwavering commitment to teacher empowerment, ZITIT enters 2026 with optimism, resilience, and renewed purpose.

The Trust wishes all its investors and members a prosperous New Year filled with hope, growth, and shared success. Victoria Ascerta.

Media 2026

22/11/2025

ZITIT MEDIA NEWS

21 November 2025

Zimbabwe Teachers' Investment Trust President graduates in Theology

Harare, Zimbabwe - Never Kufaigore, the Founder and President of the Zimbabwe Teachers Investment Trust (ZITIT), has successfully graduated with a Diploma in Theology and Religious Studies from Living Waters Theological Seminary (LWTS) on November 20, 2025. The graduation ceremony presided over by Dr. A.D Madawo, the President of the Apostolic Faith Mission (AFM) in Zimbabwe saw more than 200 Theology graduates being capped.

Never Kufaigore, a distinguished academic and leader, holds a Bachelor of Accountancy (Hons) Degree from the University of Zimbabwe. He is also a qualified pedagogist holding an Education Post-Graduate Diploma. Additionally, Kufaigore holds diverse qualifications from the Institute of Chartered Accountants of Zimbabwe (ICAZ) and Huo Yuan Jia Civil and Military School (People's Republic of China), a further testament to his commitment to personal and professional development. With his diverse background in accounting, auditing, education, and other fields, Kufaigore has demonstrated a commitment to serving his community through various leadership capacities.

Zimbabwe Teachers Investment Trust (ZITIT) is a registered teacher empowerment organization launched in 2020 with a mission to foster teacher economic empowerment. Recognizing the financial challenges faced by teachers post-employment, ZITIT was established to secure the financial security of teachers, ensuring they have a stable financial future beyond their teaching careers. Its primary objectives include providing investment opportunities for teachers to grow their wealth, offering financial security and stability for teachers in retirement, and empowering teachers to participate in the mainstream economy in partnership with the Government and other stakeholders.

LWTS is a reputable theological institution affiliated with the AFM in Zimbabwe. Established in February 1974, the seminary has been training students in various theological disciplines, including pastoral ministry. With its main campus located in Harare, LWTS offers a three-year Diploma in Theology and Religious Studies program, registered with the Ministry of Higher and Tertiary Education in Zimbabwe. The seminary is known for its commitment to academic excellence and spiritual growth, equipping students for effective ministry and leadership roles.

Completion of this theology qualification is a testament to Kufaigore's commitment to serving his community and the church. As he continues to lead ZITIT, his theological education will undoubtedly have a positive impact on his personal life and community involvement. This diploma equipped Kufaigore with a deeper understanding of biblical studies, systematic theology, and pastoral care. Kufaigore is now better positioned to develop and implement contextually relevant sermons and teachings, provide empathetic counseling and discipleship, enhance church leadership and administration, and engage in community outreach and evangelism.

Never Kufaigore joins the ranks of esteemed alumni from LWTS who have gone on to make a meaningful impact in their communities. His dedication to pastoral ministry is an inspiration to many, and his future endeavors are eagerly anticipated.

@ ZITIT MEDIA (2025)

16/10/2025

16/10/2025

ZITIT COMMUNIQUE

11/10/25

RE: 2025 AGM FEEDBACK

The Zimbabwe Teachers' Investment Trust (ZITIT) is hereby informing it's valued members that the 2025 AGM was held successfully at Grand Selous Hotel in Harare today 11 October. The meeting was attended by teacher representatives from various provinces. The following are key takeaways of the event:

Running National Projects

A. ZITIT Microfinance

This venture continues providing the much needed capital for various trust projects. There is need to revitalize the loan scheme to members. Processes to register with RBZ to operate as a fully fledged MFI are underway. The aim is to eventually upgrade the MFI to ZITIT COMMERCIAL BANK (ZCB) in line with the trust broader teacher empowerment vision.

B. ZITIT Funeral

Provision of bereavement funding is ongoing and the company successfully honored all claims that arose during the year. Purchase of buses helped to capitalise the company and improved service delivery. Engagement of ZITIT Funeral remain mandatory to all members. New funeral cover packages with bus services shall be introduced in 2026 in addition to the funeral cash plan. Members shall be able to access and download funeral policies and update policy beneficiaries online via our website. Capitalization and registration of ZITIT Funeral with Insurance and Pension Commission (IPEC) remains a priority but currently ZITIT Funeral is legally operating as fully fledged inhouse funeral initiative assisting bereaved ZITIT members.

C. ZITIT Logistics

The company currently has three buses among other vehicles. Two buses are undergoing engine replacement which is expected to be completed by end of this month. New Cummins engines were recently imported from China to enhance reliability and longevity of our buses. The third bus was purchased locally and is expected to be deployed soon. ZITIT Logistics target is to increase its fleet to 10 buses in the next 5 years.

D. ZITIT Drilling

The first rig is currently undergoing refurbishment and will be deployed once it is finished. A deposit was paid for a new rig we are in the process of importing from India and the balance will be offset by end of this year. We expect the second rig to be in the country by the second quarter of 2026. However the company can still provide services through alliances with other players in the industry. Revised more affordable brochure for drilling services shall be released in due course.

Provincial Projects

Provincial projects remain suspended pending their full capitalization. Projects shall be implemented in order of their liquidity and priority shall be given to Harare Province Driving School. However, the trust has active plans to operationalize all gazetted provincial projects as soon as they are fully capitalized by our micro finance wing.

SPECIAL BUSINESS OF THE DAY

1. Availing and the adoption of the Trust website and web applications

The trust web application shall be hosted on www.zitit.org and shall be launched online in due course after implementation of recommendations made by the members at the meeting. T-shirts and caps inscribed the trust website were distributed to delegates to assist in marketing and promotion of the website. This innovation shall help alleviate challenges encountered by our membership on solving queries and undertaking investment transactions. Our members shall be able to trace all queries from beginning to the end online. The following services shall be available online:

-Online membership registration/ suspension/ cessation
-Online banking/ecocash payments for investment and membership obligations
-Buying and selling of shares
-Downloading documents such as member ID cards, investment certificates
-Online funeral policies, etc
-Online provision of services such as loans, drilling, bus hire , etc.

2 .Adoption of the Zimbabwe Teachers Empowerment Union (ZTEU) Constitution by delegates present

Registration of a pro-empowerment labour wing was deemed pertinent to achieve total labour and economic empowerment considering the hostile posture exuded by traditional unions on the current initiatives to empower teachers beyond the classroom. ZTEU shall bargain for educators ' working rights and promote teachers ' participation in the mainstream economy among a plethora of other non monetary benefits that can be offered by the the employer. ZTEU shall work hand in glove with the governing authorities to find lasting and amicable solutions to teacher labour and economic challenges during and after employment. We believe in diplomatic rather than confrontational remedies in addressing teachers ' woes in the country. ZTEU shall lobby for teacher companies inclusion and preferential treatment in the awarding of tenders by the state or its departments/ ministries. ZTEU membership shall be free to all ZITIT members but a minimal affordable charge shall be levied to non members. ZTEU shall provide the most affordable labour representation in the country and shall come as unifier of all teachers under the labour and economic empowerment banner.

3. Adoption of the Zimbabwe Teachers' Medical Aid Society (ZITMED) Constitution

ZITMED Constitution was adopted at the meeting paving way for the registration of the first ever teachers ' medical aid society. With imminent collapse of PSMAS and deteriorating service provision ZITMED becomes the only hope for teachers for a well defined healthcare plan. ZITMED which was well received by delegates shall be the ZITIT masterstroke and flagship.

4. Amendment to Trust Deed

Amendments relating to categorisation of membership expansion of the Trust governance structures National Board of Trustees (NBT), clarification of trust beneficiaries and condition attached thereto were adopted . An instruction has since been given to the Trust legal team to implement the changes together with other amendments adopted during last year's AGM.

Declaration of Dividends

Three operating companies had their financials presented and adopted at the AGM. The following dividends were declared:

1. ZITIT Microfinance USD 25/share
2. ZITIT Funeral USD 34/share 3. ZITIT Logistics USD 48/share

Overally dividends increased by more than 10% as compared to previous year. Dividends for MFI is expected to increase gradually as companies repay funds borrowed to capitalize operations.

Dividends Disbursement

Dividends shall be paid to eligible investors in USD by end of November 2025. There is need for members to supply updated bank account and ecocash details to the Secretary -General at your earliest convenience to facilitate the payment process. All genuine dividend queries from prior years shall be settled and included in scheduled payments. For the avoidance of doubt only registered subscribing members of the trust shall be eligible to receive dividends from the trust empowerment initiatives as beneficiaries unless one has been accorded associate or honorary membership status in terms of the admission rules .

Meanwhile the economic revolution continues unabated.

Victoria Ascerta!

Mukandiwa MK
Secretary General
(For and on behalf of the ZITIT National Board)

11/10/2025

OUR OBJECTIVES

08/09/2024

ZITIT COMMUNIQUE

07/09/24

RE: 2024 AGM FEEDBACK

The Zimbabwe Teachers' Investment Trust (ZITIT) informs its valued membership that the 2024 AGM was held successfully at Capstone Hotel In harare on 31 August. The following are key highlights of the phenomenon.

Presentation of Buses
Two(2) Yutong 53 buses imported from China were presented to delegates. The third bus is still in China and will be in the country by end of next year. This is testimony to the frution of ZITIT empowerment vision as we lead the economic revolution to empower teachers. Achievements made by the trust in that respect were applauded by delegates.

Investment Procedure
Members who want to invest in trust ventures including ZITIT Logistics the company operating the buses venture ought to complete the applicable application form and pay $100 the cost of each share. Such amount can be paid once-off or via SSB instalments in line with published investment gazettes. To make payments use trust bank details presented below:

Account Name: ZITIT
Name of Bank: NMB
Branch: Joina City
Acc No: 00000020000341
Currency : USD Nostro

Note that only members of trust have rights to invest in gazetted ventures, to join contact ZITIT leadership in your respective province.

Declaration of Dividends
Four operating companies had their financials presented and adopted at the AGM and the following dividends were declared:

1. Zitit Finance- US16/share
2. Zitit Funeral-US25/share
3. Zitit Drilling-US29/share
4. Zitit Logistics-US23/share

Overally dividends increased by 10% as compared to previous year. Dividend for MFI is expected to increase in the future as companies repay back funds borrowed to capitalise their operations.

Dividends Disbursement
Dividends shall be paid to eligible investors in USD by end of this month via nostro bank account as depicted on SSB reports. Thus investors have no need to supply account details. Transport reimbursement for AGM delegates shall be effected together with dividends.

Dividends Eligibility
As per the ZITIT trust deed only members are considered beneficiaries to the trust empowerment initiatives. As such only subscribing members are entitled to dividends except where free membership has been granted under following terms:

1. When an investor retires from service upon reaching retirement age

2. When registered beneficiary of deceased member assumes title to the investment made on passing on of the investor.

Disinvestment Protocol
When any holder of ZITIT financial instrument ceases membership such investor is obligated to disinvest from the trust by selling the held instrument/s to another willing investor on market terms. Ceasing membership voids dividend entitlement by restricting the manner of recovery to only sale or redemption. To improve marketibility of ZITIT instruments the trust intends to open up redemption window in 2025 as the liquidity position improves. This will offer a ready market where ZITIT shares can be redeemed/sold for cash or vice versa.

Provincial Projects
All provincial projects remain suspended except for Harare Zitit Driving School which has been deemed a cash cow. According to the new approach trust projects are now being implemented in the order of their liquidity. However all pending provincial projects shall be operationalised as communicated. The MFI needs to be given time to retool and recapitalise.

Future Plans

ZITIT Hospitality. Leveraging on imported buses, the trust intends to launch ZITIT Hospitality which shall offer recreational and educational tours to schools (students and teachers) among other services like operating hotels, lodges and fast foods outlets accross the country. The services shall include offering such affordable packages to visit places like Victoria Falls, national parks, heritage sites, industries etc. As marketing strategy teachers shall be paid commission for hire and tour business brought to ZITIT Hospitality. This is another lucrative venture which members can invest in.

Meanwhile the revolution continues unabated!

Victoria Ascerta!

NATIONAL BOARD