The Governor of the Reserve Bank of Zimbabwe (RBZ), John Mushayavanhu, has categorically stated that he has no shareholding in FBC Holdings, an organization he previously served as a director and CEO, the Zimbabwe Independent reported.
This comes after two University of Zimbabwe (UZ) students wrote to President Emmerson Mnangagwa opposing his decision to appoint Mushayavanhu.
The trainees, Nisbert Munyuki and Valanta Ziki, are represented by Barrister Kassam Ncube, Zimbabwe Lawyers for Human Rights (ZLHR).
the two They claim Moshayavanhu was conflicted by his alleged interest in FBC to serve as head of the central bank.
But in an interview with Zimbabwe Independent, Mushayavanhu said he had no interest in FBC.
“I believe you also wrote in your papers that someone was trying to remove me from my position as governor,” he said.
“Well, the situation is that FBC is a listed company, the FBC share registry is a public document and it is registered in Zimbabwe and any company registered in Zimbabwe the records are in the companies registry, if you go there and find my name that is fine. Does that answer you?”
Munyuki and Zeke alleged in a letter to President Emmerson Mnangagwa that four years ago, Mushayavanhu publicly disclosed that he had purchased shares In the financial institution through a company called Tyrent Investments (Pvt) Limited.
A visit by the Independent to the corporate registration offices in Harare showed that FBC Holdings was registered under company name 15583/2002 and was incorporated on 27 November 2002.
Musayavanhu is listed as one of Members of the Board of Directors upon incorporation.
Details show that he resigned on January 1, 2024 and was replaced by Abel Magwaza as director on the same date.
Documents from the Companies Registry show that Mushayavanhu was among 15 directors of FBC Holdings, until his resignation on January 1.
He registered the company in 2002 with his co-director, Livingstone Takodzwa Gwata.
Mushayavanhu takes over from John Mangudya, whose term ends on April 30. Mangudya was appointed CEO of Motapa Investment Fund, effective May 1.
