MINING & RETAIL

RioZim not paying $4.5m AfrAsia debt

RIOZIM Limited has decided not to honour an ostensible $4,5 million debt owed to AfrAsia Bank, which is presently in liquidation, after it emerged the financial institution could have unfairly bloated...

By Staff reporter | Published: 12 July 2017

FINANCIAL SERVICES

AfriAsia Zimbabwe profits decline

AfriAsia Zimbabwe Holdings posted a profit of $174 862 for the half year ended 31 December 2013. This was a 91 percent decline from the prior comparable profit of $1,9 million.The figures in the stat...

By Staff reporter | Published: 03 March 2014

FINANCIAL SERVICES

AfrAsia CEO apologises

AfrAsia Kingdom Limited minority shareholders forced the postponement of the group's extraordinary general meeting to consider, among other resolutions, a proposal to raise fresh capital, after raisin...

By Staff reporter | Published: 15 November 2013

PEOPLE MOVES

Nigel Chanakira refuses to step down

Kingdom Bank founder Nigel Chanakira says he is not stepping down from the board of AfrAsia Kingdom Holdings Ltd, the holding company that controls the bank.His comments come in the wake of speculatio...

By Business reporter | Published: 26 July 2013

FINANCIAL SERVICES

AfrAsia Kingdom targets $50 million capitalisation

AfrAsia Kingdom Zimbabwe Limited has embarked on initiatives to strengthen the group's businesses in response to regulatory requirements for additional capital and in preparation of an expected econo...

By Business reporter | Published: 10 June 2013
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