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Marketing
Digital Marketing Manager: tmutambara@alphamedia.co.zw
AFC Holdings is a one-stop -shop that houses the AFC Land and Development Bank, AFC Commercial Bank, the AFC Insurance Company, and the AFC Leasing Company.
Speaking at last week’s CEO Africa Round Table annual meeting in Victoria Falls, Macheka said value-addition would help increase employment, as well as reduce poverty and overall food security.
In the period under review, AFC Holdings subsidiary, AFC Land and Development Bank, recorded a profit after tax of ZWL$26,9 billion from a 2022 comparative of ZWL$1,1 billion.
AFC Commercial Bank, which bounced back to profit during the year ended December 31, 2021 said it submitted a recapitalisation plan to the Reserve Bank of Zimbabwe (RBZ) to raise its capital threshold to US$30 million.