SINCE the 2000s, Standard Chartered Bank (StanChart) has been “fading away” from Zimbabwe.
And following its April 2022 announcement to exit seven markets, including Harare, there have been a handful of suitors — including ZB Financial Holdings, a consortium of ex-bankers and Afro-American behemoth Vista Holdings — vying for its local assets, but John Mushayavanhu’s group has had the final say.
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Standard Chartered regional chief executive officer Africa and the Middle East (AME) Sunil Kaushal (left) and FBC Holdings chief executive John Musha.yavanhu shaking hands during the signing ceremony in Harare.
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