EmpowerBank waits for $700 million capitalisation

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YOUTH-focused financial institution, EmpowerBank, is waiting for $700 million capital injection from the government to complete a slew of business development initiatives lined up for this year. In a statement accompanying half-year results to June 30, 2022, the bank’s board chairman Rudo Kumirai said the delay in capital disbursement also affected other business development initiatives,…