Articles tagged 'fbch'

FBCH projects Turnall turnaround 4 July 2014 HARARE - Listed diversified group FBC Holdings (FBCH) says it expects its loss-making roofing materials manufacturer Turnall Holdings (Turnall) to return to profitability by year end. John Mushayavanhu, FBCH’s chief executive, recently said Turnall’s performance was below expectation, promptin...
FBCH appoints US exec as director 28 June 2014 HARARE - FBC Holdings Limited (FBCH) has appointed American company ShoreCap II Limited (ShoreCap)’s executive Franklin Kennedy as director. This comes as ShoreCap — specialising in small business banks and microfinance institutions — acquired a 7,3 percent stake in the Zimbabwe Stock Exchange...
FBCH seeks $5m PTA loan 12 December 2013 HARARE - FBC Holdings Limited (FBCH)'s mortgage subsidiary is targeting $5 million-plus from its international financiers to expand its housing projects next year as it seeks to continue impacting on Zimbabwe's housing backlog. In a joint interview with his FBC Building Society (FBCBS) managin...
FBCH shelves merger plans 5 September 2013 HARARE - Listed financial services group FBC Holdings Limited (FBCH) has put on hold plans to merge its banking and mortgage lending units until the central bank clarifies the banks' recapitalisation deadlines. The group intends to combine FBC Bank and FBC Building Society as part of strategie...
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 ...
FBCH pursues offshore credit lines 23 August 2013 HARARE - Diversified financial services group FBC Holdings Limited (FBCH) says it is negotiating multi-million dollar offshore credit lines to help ease the prevailing liquidity challenges. John Mushayavanhu, FBCH's chief executive, yesterday said the group's new Mauritian-based shareholder Sh...
FBCH revenue up 19pc 22 March 2013 HARARE - Zimbabwe Stock Exchange-listed financial services group FBC Holdings Limited (FBCH) recorded $74 million revenue in the year to December 2012, up 19 percent from prior year. The group said the performance was driven by its banking and insurance subsidiaries strong performance. Profit bef...