FINANCIAL SERVICES

Kingdom Bank change name to AfrAsia

The Reserve Bank of Zimbabwe published a notice on the change of name of Kingdom Bank Limited in terms of Section 22 (6) of the Banking Act to AfrAsia Bank Zimbabwe Limited and shall be known as such...

By Staff reporter | Published: 31 January 2014

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

FINANCIAL SERVICES

AfrAsia Kingdom release recapitalisation circular

AfrAsia Kingdom released a circular relating to its proposed recapitalisation by up to $100m through a Rights Offer and a Private Placement.An EGM of the company shall be at 100hrs on Friday 29 Novemb...

By Staff reporter | Published: 20 November 2013

FINANCIAL SERVICES

Kingdom Bank closing down its Beitbridge branch

KINGDOM BANK is closing its Beitbridge branch this month-end in a move likely to inconvenience hundreds of account holders amid a severe liquidity crunch rocking the country's fragile banking sector.I...

By Staff Reporter | Published: 20 November 2013

FINANCIAL SERVICES

AfrAsia to inject $100m into Kingdom

Mauritius-based AfrAsia Holdings Limited (AfrAsia) plans to inject over $100 million into its Zimbabwean subsidiary to help ease liquidity challenges in the country.This comes as the financial group r...

By Staff reporter | Published: 30 September 2013

FINANCIAL SERVICES

AfrAsia increases its footprint in Zimbabwe

AFRASIA HOLDINGS has entrenched its footprint on the Zimbabwe financial landscape and the economy in general after assuming a controlling interest in AfrAsia Kingdom Limited, which will be renamed Afr...

By Staff reporter | Published: 09 September 2013

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

FINANCIAL SERVICES

AfrAsia Kingdom mulls $50 million rights issue

Afrasia Kingdom Zimbabwe Limited is planning to raise $50 million through a rights issue as the group seeks to boost underwriting capacity of its flagship banking unit, sources close to the developmen...

By Staff reporter | Published: 27 August 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

FINANCIAL SERVICES

Kingdom Bank stable, says Gono

The Governor of the Reserve Bank of Zimbabwe (RBZ) Dr Gideon Gono says he is aware of the dispute between founder of Kingdom Bank, Nigel Chanakira and Spiritage Group CEO, Matthew Wazara.In a statem...

By Business reporter | Published: 10 June 2013

FINANCIAL SERVICES

AfrAsia Kingdom Bank on brink of collapse

AFRASIA Kingdom Bank has run into serious problems and is facing censure by the Reserve Bank after it emerged this week it is reeling from a massive US$21 million under-performing loan and could be...

By Business reporter | Published: 10 June 2013

FINANCIAL SERVICES

AfrAsia Kingdom mulls jobs cuts

AfrAsia Kingdom Zimbabwe is retrenching part of its staff under a "voluntary separation exercise". The financial services group recently said it was restructuring or streamlining operations as part ...

By Business reporter | Published: 10 June 2013

PEOPLE MOVES

Kingdom Bank boss steps down

Kingdom Bank Limited's managing director, Mr Francoise Molife, has resigned.In a statement released yesterday, AfrAsia Kingdom Limited announced the departure of Mr Molife from the bank to pursue pe...

By Business Reporter | Published: 10 June 2013

FINANCIAL SERVICES

Kingdom voluntarily surrenders stockbroking licence

KINGDOM Stockbrokers is said to have voluntarily surrendered its licence citing viability concerns emanating from low volumes of business.Kingdom Stockbrokers did not attend ZSE trading today and on...

By Business reporter | Published: 10 June 2013

FINANCIAL SERVICES

Kingdom Bank to acquire Spiritage through a court order

Kingdom Bank is set to acquire the assets of Zimbabwean telecoms operator Spiritage, owned by former Econet Wireles Group executive Zachary Wazara, through a court order to settle unpaid loans worth...

By Staff reporter | Published: 10 June 2013
Pages:
1

Latest News

Latest Published Reports

Latest jobs