HARARE - FBC Holdings Limited (FBCH) and Standard Chartered Bank have entered into an agreement for the acquisition of Standard Chartered’s business in Zimbabwe, subject to the approval of the regulatory authorities including the Reserve Bank of Zimbabwe. The announcement was made today at Standard Chartered’s Headquarters in Harare, Zimbabwe by Sunil Kaushal from Standard…
FBC Holdings, Zimbabwe’s fourth largest bank by loan book, is to take over the Zimbabwe business of Standard Chartered, which announced last year it was leaving the country and six other markets. FBC will acquire 100% of Stanchart Zimbabwe and the Africa Enterprise Network Trust, which holds a 20.7% shareholding in Mashonaland Holdings, the two