CBZ Holdings Acquisitions Goals and Performances

​An Abu Dhabi, United Arab Emirates resident, Rebecca Gaskin Gain graduated from Emory University School of Law, where he obtained a juris doctor. In the past, she served as a managing director at Nexant Inc. Currently, Rebecca Gaskin Gain serves as the independent non-executive director of CBZ Holdings in Zimbabwe.

CBZ Holdings is a company that manages loans throughout Zimbabwe, and it is responsible for approximately 31 percent of all bank loans. CBZ Holdings, the main banking group in Zimbabwe, decided in 2022 to acquire more than 31 percent of the First Mutual Holdings Limited, or FMHL. The transaction had cost CBZ Holdings over $6 billion as it paid approximately $28 per share. CBZ Holdings acquired over 220 million FMHL ordinary shares with the capital invested. The acquisition aims to improve and extend the financial services of the company.

CBZ Holdings also aims to take over a few other small banks, such as ZB Bank, to consolidate its position as the primary lender in the food chain. CBZ became the primary agriculture lender in Zimbabwe after creating the CBZ Agro Yield. About 50 percent of the company’s capital lending is fueled by agriculture.