Afrasia Bank, formerly Kingdom, shuts down. Joins several failed local banks

By L.S.M Kabweza A report by the Financial Gazette just published says Afrasia Bank, formerly Kingdom Bank, was today placed under liquidation by the Reserve Bank of Zimbabwe after its shareholders surrendered their banking license. The parent company, Afrasia Bank Limited of Mauritius cannot commit any more money to the Zimbabwean operation and would rather just pull out. We last wrote […] …read more

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