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Chanakira to address diaspora community
RENOWNED Zimbabwean banker and leadership development facilitator, Nigel Chanakira, will this week address Zimbabweans living in the diaspora during a training session aimed at imparting entrepreneuri...Published: 26 Feb 2023 at 09:52hrs | 1 | by Staff reporter
'Zimbabwe bank charges too high'
INVESTMENT banker and business man Dr Nigel Chanakira says the prevailing banking sector charges are still too high and make the formal banking system expensive in an economy trying to rise from turmo...Published: 27 Sep 2021 at 06:14hrs | 2 | by Staff reporter
60% of Bulawayo companies close shop
THE labour movement, consumer rights groups, small enterprises and informal traders have lamented the continuous collapse of Bulawayo industries amid revelations that up to 60% of companies have close...Published: 19 Feb 2021 at 07:04hrs | 146 | by Staff reporter
Ex-ZPC board chair reveals other Chivayo beneficiaries
FORMER Zimbabwe Power Company chairperson Stanley Kazhanje, who is accused of concealing his business interests in Intratrek Zimbabwe, yesterday revealed in court that he was not the only engineer pai...Published: 27 Jun 2019 at 07:05hrs | 4 | by Staff reporter
The ZCTU should choose between labour and politics
A few days before the violent and ruinous protests of 14 to 16 January this year in the main cities of Harare, Bulawayo and Mutare, the Zimbabwe Congress of Trade Unions (ZCTU) president, Peter Mutasa...Published: 29 Apr 2019 at 13:13hrs | 2 | by Nobleman Runyanga
Biti in $30 million NSSA scam
The Zimbabwe Anti-Corruption Commission yesterday indicated that it was keen to interview Finance Minister during the Government of National Unity era Tendai Biti over allegations that he instructed t...Published: 06 Sep 2018 at 06:31hrs | 1 | by Staff reporter
Lawsuits for failed banks executives
THE Deposit Protection Corporation (DPC) has sued directors of four failed banks for lack of corporate governance and abuse of depositors' funds.Last year, the deposit protection entity said t...Published: 25 Jun 2018 at 07:27hrs | 1 | by Staff rpeorter
Cash crisis in Zimbabwe a crisis of discipline, confidence
The recent BBC HARDtalk session between opposition MDC Alliance leader Nelson Chamisa and host Steven Sackur opened a lot of debate. The issue has been debated in the newspapers and radio shows on how...Published: 17 May 2018 at 07:18hrs | 3 | by David Mhlanga
Woman impregnated by 2 men?
A magistrate court has directed a Harare man to approach the Civil Court after discovering he and another man were paying maintenance for the same child.Kenias Chizema, 46, unearthed his ex-wi...Published: 12 Dec 2017 at 07:51hrs | | by Staff reporter
Chanakira vies for Harare town clerk job
Nigel Chanakira headlines a stellar cast of top names vying for the coveted Harare town clerk Job.The Daily News can report that Chanakira, founder of the now defunct Kingdom bank and current ...Published: 11 Oct 2017 at 17:26hrs | | by Staff reporter
Governance of our own resources
Governance relates to consistent management in our own resources. It also relates to cohesive policies, processes and decision making. Rights for a given area of responsibility. Proper oversight and a...Published: 25 Jul 2017 at 10:21hrs | | by Tinashe Eric Muzamhindo
Econet Wireless has failed many times
IF you do not know Econet then you are from Mars because it is one of the Mobile Network Operators (MNO) that brought the first cellphones in your hands to Zimbabwe.The brand has had an impact...Published: 19 Jul 2017 at 06:44hrs | | by Morris Mpala, MoB Capital Ltd
Mukupe house go under the hammer
BUSINESSMAN Patterson Timba and Harare East MP, Terrence Mukupe's affluent properties in the northern suburbs are set to go under the hammer for failure to settle unspecified debts with financial inst...Published: 19 Jul 2017 at 06:39hrs | | by Staff reporter
'We've destroyed indigenisation'
THE recent developments at Barclays Bank Zimbabwe have confirmed our greatest fear that indigenisation and economic empowerment would not survive in its original form, given that government ministers ...Published: 08 Jun 2017 at 13:52hrs | 1 | by Davison Gomo
Harare companies dupe BCC
BULAWAYO City Council might have lost over $1 million through misappropriation of funds and irregularities in awarding tenders.The council has been accused of awarding tenders to non-traceable...Published: 23 Aug 2016 at 07:18hrs | 4 | by Auxilia Katongomara
Kingdom bank selling weaves?
A building in Gweru with the inscription Kingdom Bank is now used as a shop selling female hair products.It is not clear whether the closed bank still own the building....Published: 04 Jul 2016 at 16:28hrs | 1 | by Thobekile Zhou
Nigel Chanakira plots return to banking
PROMINENT businessman Nigel Chanakira has confirmed plans to bounce back to the banking business - this time with a bias on funding small to medium enterprises (SMEs).The Kingdom Bank founder ...Published: 31 Mar 2016 at 00:35hrs | | by Bianca Mlilo
Nigel Chanakira's Botswana assets face auction
Businessman Nigel Chanakira's Kingdom Bank Africa Limited (KBAL) assets are set to go under the hammer in Botswana, in a move described by analysts as a final nail to the entrepreneur's crumbling empi...Published: 21 Feb 2016 at 11:25hrs | 1 | by Staff reporter
Chief impersonator swindles home-seekers
A Harare man, Tonderai Chitsinde allegedly masqueraded as Mashonaland Central traditional leader, Chief Negomo, born Luscious Chitsinde and swindled home seekers and a bank after promising to offer th...Published: 22 Jan 2016 at 05:15hrs | 1 | by Tendai Rupapa
Council loss $19 000 to accountant
Mutare City Council lost $19 000 to a 34 year old accountant Tungamirai Paradzai Mupfigo after he frequently withdrew cash from the local authority's bank accounts and converted ...Published: 21 Nov 2015 at 07:17hrs | 1 | by Staff reporter
Welshman Ncube flees angry war veterans
PROMINENT lawyer Professor Welshman Ncube yesterday sneaked out of the Bulawayo High Court through a back door with the help of police following threats by a group of war veterans who had lost a case....Published: 29 Sep 2015 at 06:46hrs | | by Mashudu Netsianda
Nigel Chanakira's Kingdom crumbles
Creditors and depositors of Kingdom Bank Africa Limited (KBAL) will meet next week to approve claims against the company in the first step for the liquidation of the institution. KBAL is ...Published: 20 Jul 2015 at 06:59hrs | | by Staff reporter
Botswana shuts down Kingdom Bank
BOTSWANA'S central bank yesterday announced it had shut down businessman Nigel Chanakira's Kingdom Bank Africa Limited (KBAL) on insolvency grounds. The only remaining bank in Chanakira's banking empi...Published: 19 Jun 2015 at 07:09hrs | | by New Ziana
Kingdom Bank Africa under final liquidation
The High Court has appointed Max Marinelli and Chris Bray, both chartered accountants in Gaborone to oversee the liquidation of Kingdom Bank Africa. Nigel Chanakira remained invested in KB...Published: 20 May 2015 at 07:20hrs | | by Staff reporter
Econet and Steward Bank: Corporate bullying with a huge stink
I HATE bullies, be they human or corporate. Their intention is to instill the fear of God, mainly to avoid scrutiny. I had this feeling about Econet Wireless and Steward Bank in the past few weeks aft...Published: 15 Apr 2015 at 08:23hrs | 1 | by Eliphas Taonezvi
Chanakira mourns AfrAsia collapse
KINGDOM Bank founder Nigel Chanakira says the collapse of AfrAsia Bank - an institution he moulded to iconic status - is a sad development in the history of the financial service institutions in Zimba...Published: 27 Feb 2015 at 10:35hrs | 1 | by Charity Ruzvidzo
More woes for Chanakira
Kingdom Bank Africa Limited (KBAL) owned by prominent businessman Nigel Chanakira has been placed under curatorship in Botswana.The offshore outfit is said to be teetering on the brink of coll...Published: 18 Feb 2015 at 11:55hrs | | by Staff reporter
Mujuru accused of looting millions from war vets fund
FORMER Vice-President Joice Mujuru has been accused of looting millions of dollars aimed at starting a telecommunications company for war veterans.Newly appointed Minister of war veterans Chri...Published: 15 Feb 2015 at 21:30hrs | 1 | by Staff Reporter
Fundraising dinner for Harare and Mpilo hospitals
Medical charity Vana VeZimbabwe will this Friday host a fundraising dinner and dance in London to contribute towards the purchase of medical equipment for hospitals in Zimbabwe.Leading Zim...Published: 03 Dec 2014 at 09:13hrs | | by Own Correspondent
Mwonzora partner in court for theft
HARARE lawyer Joseph Terera who is also a partner at Mwonzora and Associates appeared in court yesterday facing theft of trust property charges after he allegedly defrauded a client of $15 000....Published: 02 Dec 2014 at 06:24hrs | 1 | by Staff reporter
Crux of Mugabe 'assassination plot'
In this report, one daily news paper summarises and attempts to shed some light on the nub of the allegations relating to the "planned" toppling and assassination of President Robert Mugabe by all...Published: 17 Nov 2014 at 19:02hrs | | by Staff reporter
Chanakira denies plot to topple Mugabe
BUSINESSMAN Nigel Chanakira yesterday denied allegations that he was at the centre of a planned palace coup to topple President Robert Mugabe.This follows allegations by the State Pres...Published: 17 Nov 2014 at 07:00hrs | | by Staff reporter
'Nigel Chanakira, Kaukonde financing Mujuru's attempt to' topple Mugabe
It never rain but pours for President Mugabe's second in command, the state media on Sunday reported that a clique of businesspersons and companies - including Zanu-PF Mashonaland East provincial c...Published: 16 Nov 2014 at 06:23hrs | 1 | by Staff Reporter
Kingdom bank crisis continues as people spend nights for $50
SCORES of people have set up camp at AfrAsia Bank (formerly Kingdom), where they are spending nights in queues hoping they could withdraw as little as $50 the following day, in scenes reminiscent ...Published: 20 Oct 2014 at 06:38hrs | | by Business reporter
AfrAsia Bank slapped with $200 000 lawsuit
CHRIS-DAVID Marketing, a Bulawayo-based company is suing Microking Finance (Pvt) Ltd, a subsidiary of AfrAsia Bank Zimbabwe Limited (formerly Kingdom Bank).Chris-David Marketing filed a lawsui...Published: 12 Oct 2014 at 09:07hrs | | by Staff Reporter
Irate depositors besiege AfrAsia Bank Bulawayo branch - Video
There were bouts of violence at the embattled AfrAsia Bank Limited, formerly Kingdom Bank in Bulawayo as angry depositors stormed the banking hall demanding their cash.AfrAsia, which reb...Published: 09 Oct 2014 at 15:47hrs | | by Makhosi Sibanda
AfrAsia finally pays Chanakira
Mauritian group, AfrAsia Holdings Limited has finally paid for Nigel Chanakira's 30 percent stake in financial services group, AfrAsia Zimbabwe Limited.Chanakira was paid about $2.5 millio...Published: 09 Oct 2014 at 08:11hrs | | by Staff reporter
Frantic account holders break bank doors demanding cash
FURIOUS Kingdom Bank account holders yesterday damaged electronic glass doors at the bank's Jason Moyo Street branch in Bulawayo demanding their money after the institution limited cash withdraw...Published: 30 Sep 2014 at 08:29hrs | | by Loveness Bepete
AfrAsia Bank runs out of money
AfrAsia Bank depositors yesterday complained bitterly that they failed to access cash from the bank. While AfrAsia was recently limiting withdrawal due to solvency challenges, matters came to ...Published: 17 Sep 2014 at 09:54hrs | | by Staff reporter
Doctor up for swindling colleague
A Harare medical doctor is on the verge of losing his house valued at $500 000 after a fellow doctor used the property's title deeds to secure a bank loan, the Harare Magistrates' Court has heard....Published: 26 Aug 2014 at 14:11hrs | 18 | by Staff reporter
Energy Mutodi duped senior govt official
A senior Government official who lost US$2 655 in a housing scam has accused businessman and musician Energy Mutodi of jeopardising her chances of owning a house in Harare.Director for Epidemi...Published: 29 Jul 2014 at 02:31hrs | | by Court Reporter
ZimOnline Radio honours supporters with PACHEDU Awards
One of Zimbabwe's leading internet radio stations ZimOnline Radio has just announced the results of their internal honour awards to the global supporting fan base marking the 2nd year running. The...Published: 06 Feb 2014 at 10:36hrs | 16 | by Staff Reporter
Kingdom Bank change name to AfrAsia Bank Zimbabwe
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 suc...Published: 31 Jan 2014 at 17:45hrs | | by Business reporter
Gono owes local banks $40 million
Bikita West MP Munyaradzi Kereke says ex-RBZ governor owes local banks $40 million. Kereke said Gono borrowed the money using fraudulently acquired collateral. He claims Gono covered his track...Published: 13 Jan 2014 at 10:12hrs | 16 | by Staff reporter
Armed robbers gunned down movie style
TWO armed robbers who were part of a six-man armed gang that had been terrorising and robbing people throughout the country were on Wednesday afternoon gunned down in Gweru movie style following a...Published: 10 Jan 2014 at 05:46hrs | 3 | by Staff Reporter
Mawocha becomes AfrAsia Bank MD
Afrasia Bank Zimbabwe Limited has appointed former Tetrad Bank managing director Mr Tineyi Mawocha as the managing director for its rebranded flagship banking unit with effect from 6 January 2014. ...Published: 09 Jan 2014 at 10:04hrs | 3 | by Staff Reporter
Central bank places 7 troubled banks under surveillance
Amid insolvency concerns, Zimbabwe's central bank has placed seven troubled banks under surveillance.The revelation comes a few weeks after former Finance minister Tendai Biti said a liqui...Published: 06 Jan 2014 at 06:09hrs | 2 | by Staff Reporter
Minister's wife loses two-storey house to bank
THE High Court has ordered the sale of Zimbabwe Media Commission member Millicent Mombeshora's Borrowdale house in a bid to repay a debt owed to Kingdom Bank.According to a notice issued by a ...Published: 06 Dec 2013 at 03:28hrs | | by Staff reporter
AfrAsia shareholders endorse Nigel Chanakira's exit
Shareholders in AfrAsia Kingdom Zimbabwe Limited (AKZL), the parent company of Kingdom Bank, on Friday voted for the repurchase of shares indirectly held by an investment vehicle linked to Nigel C...Published: 01 Dec 2013 at 08:20hrs | | by Business reporter
When the dollarisation cure poisons
THE past three instalments have seen this column deal with sample thoughts on Zimbabwe, our country. Of course the underlying issue is a Lenin-like question: What is to be done. As you notice, I avoid...Published: 24 Nov 2013 at 12:46hrs | | by Nathaniel Manheru
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