Blocked funds choke NMB
NMBZ Holdings Limited (NMB) registered US$13,4 million debt because of blocked funds with the central bank which it owes to various line of credit providers, it has been revealed.
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NMBZ Holdings Limited (NMB) registered US$13,4 million debt because of blocked funds with the central bank which it owes to various line of credit providers, it has been revealed.
Dual-listed financial services group NMB Zimbabwe (NMBZ) posted a $3,5 million profit for the half year to June 2016 on the back of a strong interest income position, despite tough economic conditions. Group chairman Benedict Chikwanha said the bank — which posted an attributable profit of $2,6 million — continued to make inroads into the […]
HARARE – There was drama at NMB Zimbabwe Holdings Limited (NMB)’s annual general meeting (AGM) on Monday, with the group’s chairman Tendai Mundawarara resigning after a failed ouster by shareholders.