10 years ago 10 years ago

Chanakira leaves Afriasia Kingdom

by Charles Rukuni 10 years ago10 years ago

Kingdom Financial Holdings founder Nigel Chanakira has sold his 30 percent shareholding in AfriAsia Kingdom Zimbabwe Limited to his co-shareholders, reports said today. The cash and equity swap deal will result in Chanakira, through family investment vehicle Crustmoon Investments, exiting AKZL in exchange for a 35.7 percent stake in Botswana’s Kingdom Bank Africa Limited.

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Posted by Charles Rukuni

The Insider is a political and business bulletin about Zimbabwe, edited by Charles Rukuni. Founded in 1990, it was a printed 12-page subscription only newsletter until 2003 when Zimbabwe's hyper-inflation made it impossible to continue printing.