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AfrAsia Zimbabwe

UK’s $800k trapped in collapsed AfrAsia unit

HARARE – The United Kingdom (UK) Department for International Development (DFID)’s $800 000 has been trapped in AfrAsia Zimbabwe Holdings Limited (AZHL)’s lending unit, Microking, following collapse of the financial institution.

Bank lawsuits choke High Court

Zimbabwe’s judicial system is currently overwhelmed by banking sector lawsuits pitting financial institutions and clients who may easily settle matters amicably before approaching the courts, Master of High Court Eldard Mutasa has said.