Articles tagged 'akzl'

Board shake-up looms at AfrAsia 6 December 2013 HARARE - A board shake-up — including the resignation of chairperson Sibusisiwe Bango — looms at AfrAsia Kingdom Zimbabwe Limited (AKZL) following Nigel Chanakira’s exit and subsequent increase in shareholding by Mauritius-based AfrAsia Bank Limited (AfrAsia) in the group. Chanakira, the found...
AfrAsia approves Chanakira exit package 2 December 2013 HARARE - AfrAsia Kingdom Zimbabwe Limited (AKZL) shareholders have approved Nigel Chanakira’s $12,5 million exit package. In September, Chanakira ? a prominent banker and founder of Kingdom Financial Holdings Limited, now AKZL — disposed of his 30 percent stake in the financial group, indirect...
AfrAsia Kingdom to rebrand 8 November 2013 HARARE - Financial services group AfrAsia Kingdom Zimbabwe Limited (AKZL) is seeking shareholder approval to rebrand to AfrAsia Zimbabwe Holdings Limited (AfrAsia) following the departure of its founder Nigel Chanakira. Daniel Makono, AKZL's company secretary said the firm will seek the greenl...
AfrAsia to inject $100m into Kingdom 30 September 2013 HARARE - 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 recently increased its interest in AfrAsia Kingdom Zimbabwe Limited (AKZL) to 54 perc...
Chanakira exits Kingdom 7 September 2013 HARARE - Prominent banker and entrepreneur Nigel Chanakira has sold his 30 percent stake in AfrAsia Kingdom Zimbabwe Limited (AKZL) to Mauritius-based AfrAsia Bank Limited (AfrAsia) in an equity swap deal. As part of the deal, AKZL will in turn sell its remaining interest in the Botswana-based...