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Kingdom Bank

AfrAsia depositors receive $1,4m

HARARE - The Depositor Protection Corporation (DPC) has so far disbursed over $1,4 million to AfrAsia Bank (AfrAsia) — formerly Kingdom Bank — depositors, with about $2 million still outstanding, businessdaily has established.
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RBZ cancels Kingdom Bank licence

HARARE - The Reserve Bank of Zimbabwe on Tuesday cancelled AfrAsia Bank Zimbabwe Limited (formerly Kingdom Bank)’s licence after it failed to meet minimum capital requirements, becoming the second bank to fold since the beginning of the…
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Chanakira, AfrAsia feud drags on

AFRASIA Bank has failed to beat the deadline to settle the $12,5 million for shares held through banker Mr Nigel Chanakira’s Crustmoon which would have concluded the long running divorce of the two parties. The deadline for the separation…
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