Zimbabwe News Update

🇿🇼 Published: 25 February 2026
📘 Source: Club of Mozambique

FMBcapital Holdings Plc, which operates as First Capital Bank in Botswana, Malawi, Mozambique, Zambia and Zimbabwe, participated in the Investing in African Mining Indaba 2026, held from 9 to 12 February 2026 in Cape Town, South Africa, a leading event for the mining sector in Southern Africa. The event is the largest mining investment conference in Africa, serving as a platform to strengthen ties between mining companies, investors, governments, international organizations and technology providers, with a focus on sustainable development, innovation and new investment opportunities. This year’s theme, “Stronger Together: Progress Through Partnerships”, highlights the importance of collaboration among mining companies, governments, communities and investors to drive sustainable sector growth.

The Group Managing Director of FMBcapital Holdings Plc, Jaco Viljoen, said the Bank sees Indaba as an important opportunity to strengthen partnerships across the mining value chain. “It’s a great opportunity for us. The Bank is keen to support the mining industry across all five countries in which we operate, with particular focus on Malawi, our home market.

We have been supporting mining companies through transactional banking, financing and working capital facilities. Ultimately, it’s about building long-term partnerships with the mines and the broader ecosystem.” Viljoen also commented on the scale and energy of this year’s event compared to previous editions: “This is only my second Indaba, but this year feels significantly stronger than last year. There is noticeably more activity and engagement.

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We are also participating alongside the Government of Malawi, which adds further momentum. Importantly, we are seeing increased interest in Malawi, and we hope this will translate into tangible business opportunities.” FMBcapital Holdings participated in the Malawi Pavilion, the Group’s country of origin, with representatives from all five countries in which the Bank operates, demonstrating its regional footprint and capacity to support the mining sector. Mozambique was represented by the Director of Business Banking and Retail, Krishnah Rameschandra, who stated: “Our participation at Mining Indaba 2026 enabled us to reinforce First Capital Bank’s commitment to the mining sector in Mozambique, demonstrating how we can support not only large-scale mining operations but also the entire chain of suppliers and partners, by offering financial solutions tailored to the needs of the local market.” First Capital Bank therefore reaffirms its commitment to supporting the sustainable development of the mining industry in the region, by providing innovative financial solutions tailored to the needs of each country in which it operates.

First Capital Bank, SA is part of FMBcapital Holdings PLC (FMBCH Group) which has a strong regional presence, providing banking and financial solutions through its operating subsidiaries in five Southern African Development Community (SADC) markets – Botswana, Malawi, Mozambique, Zambia and Zimbabwe. It began operations in Mozambique in July 2013 after acquiring the banking license from the then ICB. It was initially Capital Bank and in 2019 it was renamed First Capital Bank, the name and brand by which it is known today.

It is a bank predominantly focused on corporate and commercial clients, offering a wide range of personalised banking services and access to financial solutions tailored to the customer’s needs. It has over US$280 million in assets and employs over 200 staff, with headquarters in Maputo and branches in the capital, Beira and Nampula.

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📰 Article Attribution
Originally published by Club of Mozambique • February 25, 2026

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