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The Financial Impact of Clean Energy

9/29/2022

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​Over the course of her three decades career, Rebecca Gaskin Gain has held various significant roles in different industries across America, Europe, and Africa. An attorney with decades of experience in international finance and law, Rebecca Gaskin Gain is a non-executive director of CBZ Holdings, Zimbabwe’s largest financial institution. She strongly advocates clean energy and has helped facilitate different renewable energy initiatives.

The use of renewable energy like solar has become common, especially in developed countries like the United States, with millions of homes using different forms of this innovation. Even big corporations like Tesla, Amazon, and Apple have jumped on this trend.

While the core reason why most people and companies are increasingly adopting renewable energy is because of the adverse effects of conventional energy on the environment, the financial impact can also be a factor. This is because renewable energy has a significant financial advantage over traditional sources in the long run. Once installed, a solar panel constantly renews energy. It requires no extra finance, allowing the average homeowner to use money that would have been used to pay electricity bills for other purposes.

Rebecca Gaskin Gain

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CBZ Completes Purchase of 31 Percent Stake in FMHL

9/14/2022

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​Previously a principal with Nexant in Washington, D.C., Rebecca Gaskin Gain is a foreign direct investment professional with expertise in energy and infrastructure project financing as well as SME financing. Rebecca Gaskin Gain is a nonexecutive director with CBZ Holdings Limited, the largest financial institution in Zimbabwe.

In November 2021, CBZ finalized its purchase of a 31 percent stake in First Mutual Holdings Limited (FMHL). CBZ purchased the additional shares from the National Social Security Authority (NSSA). It already held a 3.23 percent stake in FMHL. The additional 31.22 percent now takes its share ownership to approximately 34.45 percent.

CBZ is the largest bank in Zimbabwe by assets and is seeking to spread its wings beyond its financial services roots. The acquisition of FMHL gives it a foothold in the insurance and property industries. The insurance business includes a stake in NicozDiamond, a short-term insurer, as well as FMHL’s reinsurance arms. CBZ made the acquisition through a mix of cash and stock.

NSSA sold the stake in FMHL to meet regulatory requirements. It owned 66.22 percent of FMHL before the sale, but after trimming its position, now owns about 35 percent. It is still FMHL’s largest shareholder.

Rebecca Gaskin Gain

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    International Finance and Energy Consultant, Rebecca Gaskin Gain, J.D.

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