Capital Bank

First Merchant Bank Limited (FMB)’s Botswana unit, Capital Bank, said the acquisition of Barclays Bank Zimbabwe (BBZ) will boost trade and investment in southern Africa.
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At least four banks that took control of bread-maker, Lobel’s in September 2012 after pouring US$4,5 million to recapitalise the then ailing business are failing to find buyers to take over the business, the Financial Gazette reports.
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HARARE - Pensions administrator National Social Security Authority (Nssa) has written off $5,6 million in loans inherited from now defunct Capital Bank Corporation Limited (Capital Bank).
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HARARE - Zimbabwe Stock Exchange-listed financial group, First Mutual Holdings Limited (FMHL), has lost $1,8 million to collapsed banks.
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Joseph Kanyekanye’s resignation as chairman of the boards of Capital Bank and Rainbow Tourism Group (RTG) could be a microcosm of intense board wrangles rattling both institutions in which the National Social Security Authority (NSSA) is a…
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