Articles tagged 'afrasia bank'

Drummond sues AfrAsia in land row 23 December 2018 HARARE - Drummond Zimbabwe Holdings has instituted legal action against AfrAsia Bank after a row erupted over a piece of land. The Mauritian lender AfrAsia closed its Zimbabwe unit in February 2015 after facing cash flow problems and failing to find new shareholders to inject fresh capital in ...
Cash-crisis hampers AfrAsia liquidation 16 December 2017 HARARE - Afrasia Bank Zimbabwe (AfrAsia) judicial manager Regie Saruchera says the current liquidity crisis in the market is affecting liquidation of the  defunct financial institution. “In reference to our last update which anticipated a dividend payout during the second half of 2017, we woul...
Zimbabweans ranked among the poorest 4 April 2017 HARARE - Zimbabweans have been ranked among Africa's poorest citizens, with an average wealth of $200 per person, a survey by AfrAsia Bank (AfrAsia) has revealed. According to the study — Africa Wealth Report 2017 —  Mauritius has the wealthiest individuals with an average wealth of $25 700 pe...
SA tops Africa millionaires list 3 September 2015 JOHANNESBURG - South Africa has the highest number of dollar millionaires in Africa, according to a new report. According to a report by AfrAsia Bank and New World Wealth, Johannesburg alone, known as the "city of gold", is home to 23,400 millionaires. South Africa has 30% of the total. ...
AfrAsia 'quarantines' troubled Zim unit 8 January 2015 HARARE - Mauritius-based AfrAsia Bank Limited (AfrAsia) has decided to exclude its troubled subsidiary AfrAsia Zimbabwe Holdings Limited (AZHL) from the group's consolidated accounts in a move it said will “isolate any additional risks”. This comes as the Zimbabwean financial group is facing v...
Matemera appointed AfrAsia Bank MD 6 January 2015 HARARE – EX-BANCABC Zimbabwe (BancABC) managing director Hashmon Matemera,  has been appointed AfrAsia Bank Zimbabwe Limited (ABZL) managing director – nearly 10 months after Tineyi Mawocha's departure. As exclusively revealed by Business Live  in September last year, the ex-central banker has...
Matemera for AfrAsia Bank? 16 September 2014 HARARE - Ex-BancABC managing director Hashmon Matemera has been linked with a move to AfrAsia Bank Limited (ABL), a move probably sparked by the troubled bank’s half year-search for a substantive head. As well as firm indications that executives at the troubled bank had “tapped” him for the jo...
'Mutodi can't access bank account' 23 July 2014 HARARE - The Harare Magistrates Court has granted an interim order barring businessman-cum-musician Energy Mutodi from accessing funds from his National Housing Development Trust (NHDT) bank account. Magistrate Brighton Pabwe granted the order following an application filed by Boniface Chikono...
AfrAsia Bank MD resigns 10 April 2014 HARARE - AfrAsia Bank Zimbabwe (AfrAsia)’s managing director Tineyi Mawocha has resigned. His resignation, under yet unclear circumstances, is barely three months after his appointment. Sekai Chitemerere, AfrAsia Zimbabwe Holdings Limited (AZHL)’s corporate communications head, confirmed th...