HARARE, Jun. 16 (NewsDay Live) — First Capital Bank Limited has entered into a 20-year partnership with the Royal Harare Golf Club (RHGC) to develop a pavilion at Royal Palampilo Park, in a move the lender says reflects its commitment to long-term investment in community and national development initiatives.
The project forms part of the bank’s broader strategy to support infrastructure development and initiatives that create lasting value while contributing to economic growth in Zimbabwe.
Speaking during the project’s official launch on Friday, First Capital Bank head of marketing and communications Fadzai Marowa said the partnership extended beyond conventional sponsorship.
“More than a sponsorship, the partnership reflects First Capital Bank’s belief that meaningful investment extends beyond business growth to the development of assets and opportunities that will serve communities for generations to come,” Marowa said.
“The agreement, structured over a 20-year period, represents a significant investment in one of Zimbabwe’s most iconic sporting institutions and forms part of the bank’s broader commitment to supporting national development through strategic, long-term investments.”
She said the proposed pavilion would become a landmark feature at Royal Harare Golf Club and symbolise a partnership founded on shared values and confidence in Zimbabwe’s future.
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“The proposed pavilion development is expected to become a landmark feature at Royal Harare Golf Club and a symbol of a partnership built on shared values, long-term commitment and a belief in Zimbabwe’s potential,” Marowa said.
Beyond infrastructure development, the partnership includes initiatives aimed at benefiting both the golfing community and the wider public.
These include support for junior golf development programmes, coaching clinics, community engagement initiatives and opportunities designed to promote the continued growth of the sport in Zimbabwe.
“The partnership further strengthens First Capital Bank’s longstanding support of golf, adding to its role as title sponsor of the Zimbabwe Junior Golf Open, one of the region’s premier junior golf tournaments,” Marowa said.
She said the bank viewed investment in sport as an investment in future generations.
“We are particularly excited about the junior development opportunities that this partnership creates. Zimbabwe has immense sporting talent, and the future of our sport depends on creating pathways that allow young people to access opportunities, mentorship and competition. By investing in sport, we are investing in future leaders,” she said.
Marowa added that First Capital Bank plans to promote financial literacy among Royal Harare Golf Club employees and stakeholders within its wider ecosystem, ensuring that financial inclusion remains a key pillar of the partnership.