FMB Capital Credits Economic Stability For Local Unit s Impressive Performance – The Zimbabwe Mail thezimbabwemail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thezimbabwemail.com Daily Mail and Mail on Sunday newspapers.
By Alois Vinga
MAURITIUS based FMB Capital Holdings has singled out the prevailing economic stability as chief among the factors which enabled its Zimbabwean unit to produce the most impressive performance when compared to units in four other regional countries.
This comes after the launch of the Reserve Bank of Zimbabwe (RBZ) foreign exchange auction system in June last year which eased both monthly and annual inflation while stabilising exchange rates which had been spiralling on both the formal and parallel markets.
In an update Friday, Mahendra Gursahani, Interim group managing Director for FMBCH commended the efforts being employed by monetary authorities in Harare.