Mishma Chakanyuka, Staff Writer 
CBZ Holdings (CBZ) acquired a stake in First Mutual Holdings (FML) this year to diversify its earnings and strengthen its domestic and regional footprint. Our Staff Writer, Mishma Chakanyuka (MC) had a chat with the CBZ Holdings chairman, Marc Holtzman (MH), pictured, recently who said the merger between CBZ and FML is a regional growth strategy. Below are excerpts from the interview:
MC: Why is CBZ buying FML?
MH: There are a couple of reasons why this merger between CBZ and FML makes sense. First of all, FML has an outstanding reputation in the market, it’s an amazing company.
The leadership of FML has created one of Africa’s premier insurance companies.
Secondly, his excellency the president gave us the mission of forming a pan-African financial institution that could extend its reach beyond the borders of Zimbabwe to support Zimbabwean businesses going abroad to other countries of the region and also to help facilitate capital inflows for Zimbabwean investment targets from companies abroad.
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