Econet reshuffles TN Bank management

Published: 10 June 2013
Econet Zimbabwe Limited (Econet) has reshuffled the financial institution's top management, which involves the appointment of new executives, including United Kingdom based financial analyst Lance Makondiani, as Econet increased its shareholding to 98,6 percent in TN following a cash and share swap deal in February.

TN Bank chief executive Kwanele Ngwenya said, the exercise is targeted at maintaining momentum and ensure that the bank has the right organizational leadership in place to direct the success of its business.

Going forward, TN Bank is required to reach $50 million minimum capital by June 2013, then $75 million by December same year before eventually reaching $100 million by June 2014.
- dailynews


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