Published: 06 March 2014

An unnamed Mauritius Stock Exchange-listed company is set to inject $30 millionn for a controlling stake in Allied Financial Holdings, the parent company of financial services entity, Allied Bank.

The company is owned by a Mauritius-domiciled consortium led by newly appointed AFH group chief executive officer Terence Mukupe.

Allied Financial Holdings chairman Farai Mutamangira yesterday said Mukupe had been appointed group CEO with immediate effect.

He said Mukupe was a proven leader and first class banker with a great track record spanning several continents from Wall Street to Moscow.
- herald

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