Articles tagged 'john mushayavanhu'

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 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 ...
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...
FBC secures $50m offshore credit 29 June 2013 HARARE - Zimbabwe Stock Exchange-listed financial services group FBC Holdings Limited (FBC) says it has secured nearly $50 million in credit lines from international money lenders. John Mushayavanhu (pictured), the group's chief executive on Thursday said they had already drawn down $8 million...