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BizDay Zimbabwe

Zimbabwe's leading authority on business, finance and investment news.

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BizDay Zimbabwe

Kingdom Bank

AfrAsia Kingdom faces US$100m capital poser

AFRASIA Kingdom Zimbabwe Ltd (AKZL) could fork out more than US$100 million in capital just to comply with statutory requirements as it emerged this week that the US$20 million the financial services group plans to raise could go into covering a hole on its books of US$21 million, court documents seen by business digest show. This comes a…

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I am sorry: AfrAsia CEO

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 raising reservations over an unclear resolution. The reservations pertained to the pledge to transfer the entire share capital of MicroKing Fina…

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AfrAsia ups Kingdom stake

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 AfrAsia Zimbabwe Limited. The Mauritian-based financial group upped its interest in AfrAsia Kingdom Limited to 54 percent from 35 percent after…

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