First Capital, ASB deal still pending

First Capital Bank is among the notable local finance institutions at the forefront of innovation and fragility in terms of business execution amid a challenging operating environment.

FIRST Capital Bank (FCB) says the proposed sale of its stake in Makasa Sun Hotel, formerly Kingdom Hotel in Victoria Falls, is still pending as regulatory approval has not yet been granted. FCB entered into a share purchase agreement with ASB Hospitality LLC in September last year for the disposal of its shareholding in Makasa…

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