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Finance
financial performance that provides an appropriate
rate of return to its Shareholders
First Capital
Bank
Bornwell Chiyabi
Chairman
Tito Road
Lusaka
Tel: +260 211 368 750
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First Capital Bank, formerly known as International
Commercial Bank Zambia Limited, commenced
banking operations in June 2010. In July 2013, the
bank was acquired by a group of investors led by
First Merchant Bank Malawi (FMB), and it was re-
named First Capital Bank (FCB). FCB is part of the
FMB Group, which has banking operations in Ma-
lawi, Mozambique, and Botswana.
With a flexible and innovative customer-focused ap-
proach, FCB’s growing network of branches offers
a full range of cross-border and traditional banking
services to retail, commercial, and corporate bank-
ing clients.
Adequate and efficient communication and monitor-
ing systems are in place to ensure that the directors
receive all relevant, accurate information to guide
them in making strategic decisions, providing effec-
tive leadership, control, and strategic direction over
the company’s operations.
First National
Bank
Limited
Johan Maree
Chief Executive Officer
P.O. Box 36187, Lusaka
Tel: +260 211 366 800
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FNB can trace its origins back to the Eastern Prov-
ince Bank, which was formed in Grahamstown,
South Africa in 1838.
Today, its branches extend throughout South Africa
as well as in Swaziland, Botswana, Namibia, and
Zambia. FNB offers a wide range of banking prod-
ucts, including online banking, forex, home loans,
day-to-day banking, and other financial products.
Grant Thornton
Edwar Hamuwele
Managing Partner
Dedan Kimathi Road
Lusaka
Tel: +260 211 227 722
Fax: +260 211 223 774
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Tax
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Grant Thornton is one of the world’s leading inde-
pendent assurance, tax, and advisory firms. These
firms help dynamic organizations unlock their poten-
tial for growth by providing meaningful, forward-look-
ing advice. Proactive teams, led by approachable
partners, use their insight, experience, and instinct
to understand complex issues for privately owned,
publicly listed, and public sector clients and help
them find solutions.
The member and correspondent firms of Grant
Thornton International operate in 131 countries,
bringing together over 40,000 personnel in 700 of-
fices worldwide. The firms are focused on making
a difference for clients, colleagues, and their local
communities.
Grant Thornton Zambia is a member of Grant Thorn-
ton International. The company provides auditing,
management consultancy, accounting, taxation, fi-
nancial advisory, and other services from its offices
in Lusaka and Kitwe. Since the international network
of firms serves clients on a globally integrated basis,
it provides the Zambian firm an international con-
nection to tap into the international pool of expertise
when need arises. As a Zambian firm, the company
believes there is an increasing need for quality local-
ly-based auditing and consulting expertise, and as
such, it offers a rare hybrid of services. Its portfo-
lio of core audit services, consultancy, accounting,
and tax are enhanced with its knowledge of the local
economic conditions, regulatory requirements, busi-
