Articles tagged 'fbc holdings'

FBCH diversification pays dividends 28 August 2017 HARARE - Financial services group, FBC Holdings (FBCH), said it is now reaping rewards from its investments in various sectors of the economy. The group's chairperson, Herbert Nkala, said FBCH's six business units recorded positive performances in the half year to June 2017 resulting in a $11,...
FBCH records $18,1m profit 17 March 2016 HARARE - Financial services group FBC Holdings (FBCH) profit for the year to December 31, 2015 surged 269 percent to $18,1 million from $4,9 million on the back of growth in net interest income and insurance premium. FBCH chief executive John Mushayavanhu told an analysts' briefing in the capi...
Turnall losses to widen 30 September 2014 HARARE - Embattled construction firm Turnall Holdings (Turnall) is likely to report a full-year loss of $7 million after parent company FBC Holdings’ (FBCH) shareholders unanimously voted to divest from the firm. Herbert Nkala, FBCH chairman last week said the company, which recently parted wa...
FBC Holdings submits recapitalisation plan 1 July 2014 HARARE - Zimbabwe Stock Exchange-listed diversified financial services provider FBC Holdings Limited (FBCH) says it has submitted a fresh recapitalisation plan to the Reserve Bank of Zimbabwe (RBZ) following the extension of the $100 million deadline to 2020. John Mushayavanhu, FBCH group chie...
FBCH in $10m PTA deal 21 March 2014 HARARE - FBC Holdings (FBCH) is finalising a $10 million import facility with PTA Bank (PTA), its chief executive John Mushayavanhu said. He told businessdaily that it would be available shortly. “In 2013, we got $15 million from Afrexim Bank, a trade finance line of credit for a year and $...
FBCH acquires prime Harare land 26 August 2013 HARARE - Zimbabwe Stock Exchange-listed financial services group FBC Holdings (FBCH) has acquired more than 2 000 hectares of prime land in Harare earmarked for the construction of residential properties. The group said it expects the move to ease housing shortages in the country, exacerbated ...
Mushayavanhu acquires Zuva Petroleum 18 July 2013 HARARE - A local firm owned by FBC Holdings Limited (FBCH) chief executive John Mushayavanhu has acquired a 51 percent stake of Masawara plc's energy portfolio — held through Masawara Energy Mauritius (MEM), the Daily News can reveal. While the parties have agreed on a conditional sale since n...