FINANCIAL SERVICES

More woes for Chanakira

Kingdom Bank Africa Limited (KBAL) owned by prominent businessman Nigel Chanakira has been placed under curatorship in Botswana.The offshore outfit is said to be teetering on the brink of collapse acc...

By Staff reporter | Published: 18 February 2015
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BUSINESS NEWS

ZIA approves $1.14bn projects

THE Zimbabwe Investment Authority (ZIA) approved investment projects worth $1.14 billion in 2014, a 66.6 percent increase from $685.9 million worth of projects approved in 2013.ZIA chairman Nigel Chan...

By Charity Ruzvidzo | Published: 17 February 2015
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FINANCIAL SERVICES

Nigel Chanakira ventures into private equity

KINGDOM Bank founder and entrepreneur, Mr Nigel Chanakira, has set his sights on venturing into private equity following his decision to sell his 33 percent stake at the commercial bank.Mr Chanakira ...

By Business Reporter | Published: 16 December 2013
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FINANCIAL SERVICES

AKZL capitalisation approved

Afrasia Kingdom Zimbabwe Limited (AKZL) shareholders have approved the group's $100 million capitalisation exercise despite initially raising concerns over the bank's bad loan book and name change.Spe...

By Staff reporter | Published: 02 December 2013
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FINANCIAL SERVICES

Shareholders endorse Nigel Chanakira's exit

Shareholders in AfrAsia Kingdom Zimbabwe Limited (AKZL), the parent company of Kingdom Bank, on Friday voted for the repurchase of shares indirectly held by an investment vehicle linked to Nigel Chan...

By Staff reporter | Published: 01 December 2013
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FINANCIAL SERVICES

AfrAsia seeks name change

AfrAsia Kingdom Zimbabwe will next month seek shareholder approval to rebrand the flagship banking unit and other units following a 30% share disposal by founder Nigel Chanakira last month. AfrAsia wi...

By Staff reporter | Published: 22 October 2013
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FINANCIAL SERVICES

AfrAsia pays Chanakira $12 million

Mauritius-based AfrAsia Bank Limited (AfrAsia) will pay prominent banker Nigel Chanakira $12 million following the disposal of his 30 percent stake in financial group AfrAsia Kingdom Zimbabwe Limited...

By Staff reporter | Published: 21 October 2013
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FINANCIAL SERVICES

Nigel Chanakira sells his AfrAsia Kingdom Zimbabwe stake

Kingdom Bank founder Nigel Chanakira has disposed his 30% indirect interest in AfrAsia Kingdom Holdings Ltd that is owned by his family's investment vehicle Crustmoon Investments (Pvt) Ltd.This was r...

By Business reporter | Published: 06 September 2013
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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
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