FBC to construct new HQ in Borrowdale
Zimbabwe Stock Exchange (ZSE) listed FBC Holdings has embarked on the construction of a new headquarters in Borrowdale, as the financial institution targets to move its operations from Harare’s central business district (CBD) in the next 18 months.
The company’s management says the move was necessitated by the desire to move its head office from the congested CBD to a more serene environment along the Borrowdale Road adjacent to the racecourse.
FBC Holdings started its operations in 1997 housed at the old Reserve Bank building along Samora Machel Avenue, after which it bought its own premise and moved to Nelson Mandela Street where it has been conducting its operations from hitherto.
The new building will conform to the new green and sustainability concept that will be 100 percent powered by solar systems on site as it moves to protect the environment.
Speaking at the ground-breaking ceremony last week, FBC Holdings board chairman, Herbert Nkala, said his organisation was obliged to build a modern premise that allows its stakeholders to enjoy uninterrupted access to a business friendly environment.
“In light of the FBC Group’s continued success and growth, we have made a conscious decision to construct a state-of-the-art head office.
“The city centre is, however, now congested and no longer gives a positive experience to our customers, hence our decision to find a new home. Our top priority remains the provision of a conducive and safe working environment for our employees,” said Mr Nkala.
Group chief executive, Dr John Mushayavanhu, indicated that the development would create a conducive working environment for the FBC Holdings staff and business-friendly premise for all stakeholders.
“As the FBC Group continues to grow in stature, our human resources base also expands in proportion to the growth of the business. With the commencement of this head office construction project, we feel a strong sense of accomplishment and pride of an institution that has bloomed into an entity that it is today,” said Dr Mushayavanhu.
FBC has morphed from being one of the first locally owned commercial banks in Zimbabwe to being one of the leading financial institutions in the country.
It now houses a broad spectrum of financial services consisting of seven strategic business units namely FBC Bank, Building Society, Insurance, Reinsurance, Securities, micro plan and Xaranai (newly established fintech arm).
A leading registered local architect Gura and Associates won the FBC head office design competition and walked away with a whopping cash prize of US$30 000.-herald.cl.zw
