AFC Holdings comes to the rescue of wheat farmers

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.
By Own Correspondent Mar. 3, 2024

URL capacity falls on lack of access to FDI

The statutory instrument restricts imports of certain goods into the country to give local players an edge over foreign competition.
By Nizbert Moyo Nov. 23, 2023

AFC pushes for agric sector value-addition

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.
By Tafadzwa Mhlanga Oct. 16, 2023

Govt moves to capacitate AFC

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.
By Tatira Zwinoira Sep. 4, 2023

CEO scandal rocks AFC... third-best candidate ‘irregularly’ picked for bleeding empire

Government controls 100% shareholding in the business through the ministries of Finance and Agriculture, which each hold a 50% stake.
By Shame Makoshori May. 12, 2023

Firestorms engulf AFC ... mounting woes at land bank worry RBZ

Government controls 100% shareholding in the business through the ministries of Finance and Agriculture, which each holds a 50% stake.
By Shame Makoshori May. 5, 2023

Govt issues US$192 million guarantees

According to the public debt statement tabled in Parliament last month by Finance minister Mthuli Ncube
By Mthandazo Nyoni Dec. 11, 2022

AFC Bank capital plan gets RBZ nod

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.

By The Independent May. 20, 2022