Copota gets US$5 000 for borehole repairs

kilometres to fetch water.

The cash was handed over to Masvingo Governor and Resident Min­ister Titus Maluleke by FBC Bank man­aging director Mr Webster Ruse-re.
It was handed over during the offi­cial opening of an FBC Centre here that will house both the financial insti­tution’s commercial bank and building society.

Speaking after the handover of the cash donation, Mr Rusere said it was for rehabilitation of boreholes at the insti­tution.
“On the corporate social responsibil­ity programme, FBC has remained committed to serving the communities that it operates in,” he said.
“We understand that water has been a problem for some time now and we hope that this will help to alleviate this issue.”

Mr Rusere said FBC Bank was work­ing towards meeting the require­ments of US$100 million capitalisa­tion set by the central bank.
He said by the end of this year, the bank’s capital base would have reached US$52 million and was projected to rise further to US$87 mil­lion by 31 Decem­ber 2013, before going up to US$102 million by June 2014.

Governor Maluleke hailed the open­ing of the FBC Centre in Masvingo, especially coming soon after the bank celebrated its 15th anniversary since it first opened its doors in Zim­babwe.

He expressed gratitude to FBC  Bank for donating the money to Copota School of the Blind and Work­shops.