FINANCIAL SERVICES

Zim tycoon sues AfrAsia for $79m

AFRASIA Bank, formerly Kingdom Bank, has been sued for about $79 million by local tycoon Zachary Wazara and his firm Spiritage Zimbabwe Limited for allegedly breaching its obligations in Valley Techno...

By Staff reporter | Published: 25 April 2014
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TELECOMS & TECHNOLOGY

Potraz cancels Spiritage Communication licence

THE Postal and Telecommunication Regulatory Authority of Zimbabwe (Potraz) has cancelled the operating licence of Valley Technologies (Pvt) Ltd after the company failed to pay a licensing and spectrum...

By Staff reporter | Published: 18 September 2013
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FINANCIAL SERVICES

Kingdom Bank to acquire Spiritage through a court order

Kingdom Bank is set to acquire the assets of Zimbabwean telecoms operator Spiritage, owned by former Econet Wireles Group executive Zachary Wazara, through a court order to settle unpaid loans worth...

By Staff reporter | Published: 10 June 2013
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Latest News

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  3. 3 Zimdollar future hangs in the balance
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  5. 5 David Coltart elected Bulawayo mayor
  6. 6 NRZ targets US$1m from property leases
  7. 7 Zimbabwe's new MPs to declare assets
  8. 8 Ian Makone elected Harare mayor
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