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Zimbabwe reaches out to foreign investors
A HIGH-POWERED Zimbabwean delegation will be off to London next week for a conference, as the investment-starved country moves to lure foreign investors.The two-day Zimbabwe London Investment ...Published: 07 Mar 2018 at 05:33hrs | | by Staff reporter
Mugabe's lavish son loses $US300 000 loan bid
PRESIDENT Robert Mugabe's teenage son Bellarmine Chatunga has reportedly lost a bid to borrow US$380 000 from a local commercial bank - BancABC - to fund his undisclosed business venture, a weekly pri...Published: 30 Sep 2016 at 16:58hrs | 8 | by Staff Reporter
ABCH lays off head office staff
African Banking Corporation Holdings (ABC Holdings) is merging with the Finance Bank of Zambia as the group embarks on a retrenchment exercise at its South Africa office to improve operating efficienc...Published: 19 Aug 2016 at 08:01hrs | 4 | by Staff reporter
Barclays Zimbabwe scramble to contain a potential run by depositors
Barclays Zimbabwe on Tuesday scrambled to contain a potential run by depositors, after its parent company Barclays announced it is moving out of the country while also disposing of its 62.3% stake in ...Published: 01 Mar 2016 at 12:18hrs | | by Staff reporter
Obama boon for BancABC's parent
Atlas Mara, the parent company of pan-African banking group BancABC, has secured $200 million from a US government development finance institution (DFI), a culmination of President Barack Obama's ...Published: 12 Aug 2015 at 07:42hrs | | by Staff reporter
Bid to buy out BancABC directors stalls
ATLAS Mara says it has experienced some administrative glitches in acquiring the shares held by three BancABC departing executives but hopes to tie up the deal next month.BancABC founding chi...Published: 24 Dec 2014 at 10:05hrs | 2 | by Staff Reporter
Chinamasa looks to patch up Zimbabwe
Zimbabwe's economy is on the verge of recession, with low consumer demand and a liquidity crunch putting its businesses under strain. Against this backdrop, Finance Minister Patrick Chinamasa ...Published: 02 Jul 2014 at 08:16hrs | | by The Banker
Bob Diamond to organise bonds for Mugabe's government
The former CEO at Barclays UK, who resigned in 2012 after the bank was fined a record amount for trying to manipulate lending rates, is set to organize a bond worth millions to help the broke Mug...Published: 05 Apr 2014 at 16:03hrs | 3 | by Tererai Karimakwenda
Bob Diamond's company set to acquire ABC Holdings
Bob Diamonds' Atlas Mara Co-Nvest is set to acquire for cash or shares, ABC Holdings shares representing 50.1% of the total shares issued at a price of 82c per share or the equivalent in Atlas Mara sh...Published: 31 Mar 2014 at 17:40hrs | 1 | by Business reporter
Zimbabwean company to advise Bob Diamond's fund
A Zimbabwean private equity firm Brainworks Capital has been appointed as one of the key financial advisors to the $325 million Atlas Mara investment vehicle.Atlas Mara is a banking investment...Published: 19 Dec 2013 at 04:00hrs | 1 | by Staff reporter
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