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Royal Bank Zimbabwe
Royal Bank Zimbabwe, whose complete name is Royal Bank Zimbabwe Limited, commonly referred to as Royal Bank, was a licensed commercial bank in that formerly operated in Zimbabwe. Overview Royal Bank was a privately owned financial institution and small financial services provider in Zimbabwe. , the bank's total asset valuation is not publicly known. The shareholder's equity in the bank was estimated at about US$12.5 million, the minimum capital requirement for a commercial bank in Zimbabwe, effective December 2010. History The bank was founded in 2001. In 2004, the Reserve Bank of Zimbabwe (RBZ), the national banking regulator, closed the bank down, together with Barbican Bank and Trust Banking Corporation. The assets of the three shuttered banks, were merged, to form Zimbabwe Allied Banking Group (ZABG). In September 2010, the RBZ reversed its decision and reissued the commercial banking licences of the three banks that had been closed. Royal Bank reopened in February 2011, afte ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Privately Held Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or Over-the-counter (finance), over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their public company, publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Zimbabwe Allied Banking Group
Allied Bank, was a commercial bank in Zimbabwe that closed in 2015. The bank regulator cancelled its license on 8 January 2015 after determining that the bank was "no longer in a safe and sound condition, grossly undercapitalised and facing chronic liquidity challenges" The bank was a small financial services provider in Zimbabwe, serving large corporations, small-to-medium enterprises (SMEs), as well as individuals. , its total asset valuation was quoted at US$40 million. At that time its shareholder's equity was estimated at US$18 million. History Allied Bank was established in 2005 as ''Zimbabwe Allied Banking Group'' (ZABG). At that time, the assets and some of the liabilities of ''Barbican Bank Limited'', Trust Banking Corporation and Royal Bank Zimbabwe were merged to form ZABG. The three banks were in financial distress at the time. In September 2010, the RBZ reversed itself and re-issued the commercial banking licenses of the three banks that had been closed. ZABG also ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Marondera
Marondera (known as Marandellas until 1982) is a city in Mashonaland East, Zimbabwe, located about 72 km east of Harare. History It was first known as Marandella's Kraal, corrupted from Marondera, chief of the ruling VaRozvi people who lived in the area. British colonialists as they were colonizing Zimbabwe, first used it as a rest stop on the way to Harare. Later destroyed in the Shona resistance of 1896, the town was moved 4 miles (6 km) north to the Beira–Bulawayo railway line. Constituted a village in 1913, it became a town in 1943. During the South African (Boer) War it was used by the British as a staging point for military operations into the Transvaal, and in World War II it was a refuge for displaced Poles. Demographics Marondera is a multicultural city, with a variety of ethnic groups and a Shona majority. Within the African population is a notable proportion of people of Malawian origin whose parents migrated and took employment on the white o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chipinge
Chipinge is a town in Zimbabwe, located in Chipinge District, in Manicaland Province, in southeastern Zimbabwe, close to the border with Mozambique. Location The town lies approximately , by road, south of Mutare, the nearest large city. This location lies about , by road, east of Masvingo, on the road (Highway A-9) to Bulawayo, Zimbabwe's second-largest city, approximately , further west of Masvingo. The coordinates of the town are: 20° 12' 0.00"S, 32° 37' 12.00"E (Latitude:20.2000; Longitude:32.6200). Chipinge sits at an elevation of , above sea level. Overview The average annual rainfall in Chipinge is about . The warm climate and high rainfall are well suited to agriculture. The local farmers grow tea, coffee, macadamia nuts and rear dairy cattle. The surrounding mountain slopes are covered with pine and acacia plantations. One of Zimbabwe's most famous landmarks, the Birchenough Bridge is located on the Sabi River about , northwest of Chipinge. The town is the head ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kadoma, Zimbabwe
Kadoma, formerly known as Gatooma, is a town in Zimbabwe. Location The city is located in Kadoma District, Mashonaland West Province, one of the 10 administrative provinces in Zimbabwe. This location lies approximately , by road, southwest of Harare, the national capital and largest city in the country. The city lies on Highway A-5, between Harare and Bulawayo, approximately northeast of Bulawayo. Kadoma is situated at an elevation of above sea level. Overview The city is at the centre of a mining area, which provides gold, copper and nickel. The most significant mine of the region is the Cam and Motor Mine, which is located in Eiffel Flats, about , by road, northeast of Kadoma. Cam and Motor is the largest gold producer in Zimbabwe's history. Under the present regime, Cam and Motor is owned by Rio Tinto Zimbabwe. Cotton is grown in the area and there was some development of related industries before 1990. The David Whithead Textile manufacturing company was opened in 19 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rusape
Rusape is a town in Zimbabwe. Location It is located in Makoni District in Manicaland Province, in northeastern Zimbabwe. It lies approximately , by road, southeast of Harare, the capital and the largest city in Zimbabwe. Rusape is situated on the main road (Highway A-3), between Harare and Mutare, approximately , further southeast of Rusape. Rusape sits at an altitude of , above sea level. Overview Rusape is a large, sprawling town that has not quite reached city status. As is typical of Zimbabwean towns, Rusape has areas of low and high density population. The main high density area close to the town is ''Vengere'' township. Other suburbs have also been built since Independence in 1980. ''Mabvazuva'' to the east of town, and Tsanzaguru further out by the lakeside. Mabvazuva literally translates to "where the sun rises" (the East). There is also a new fast growing medium density suburb far east sprawling into the farmlands which is called ''Magamba Township''. Tsanzaguru is ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hwange
Hwange (formerly Wankie) is a town in Zimbabwe, located in Hwange District, in Matabeleland North Province, in northwestern Zimbabwe, close to the international borders with Botswana and Zambia. It lies approximately , by road, southeast of Victoria Falls, the nearest large city. The town lies on the railway line from Bulawayo, Zimbabwe's second-largest city, to Victoria Falls. Hwange sits at an elevation of , above sea level. Overview The town houses the offices of Hwange Town Council, as well as the headquarters of Hwange District Administration. Hwange and the surrounding countryside is a centre for the industry in Zimbabwe. Hwange Colliery is the largest in the country, with proven reserves that are estimated to last over 1,000 years, at current production levels. The Wankie Coal Field, one of the largest in the world, was discovered here in 1895 by the American Scout Frederick Russell Burnham. Today the coal for the whole country is transported by the mining railway to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bulawayo
Bulawayo (, ; Ndebele: ''Bulawayo'') is the second largest city in Zimbabwe, and the largest city in the country's Matabeleland region. The city's population is disputed; the 2022 census listed it at 665,940, while the Bulawayo City Council claimed it to be about 1.2 million. Bulawayo covers an area of about in the western part of the country, along the Matsheumhlope River. Along with the capital Harare, Bulawayo is one of two cities in Zimbabwe that is also a province. Bulawayo was founded by a group led by Gundwane Ndiweni around 1840 as the kraal of Mzilikazi, the Ndebele king and was known as Gibixhegu. His son, Lobengula, succeeded him in the 1860s, and changed the name to kobulawayo and ruled from Bulawayo until 1893, when the settlement was captured by British South Africa Company soldiers during the First Matabele War. That year, the first white settlers arrived and rebuilt the town. The town was besieged by Ndebele warriors during the Second Matabele War. Bul ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chegutu
Chegutu (formerly Hartley) is a town in Mashonaland West Province, Zimbabwe. Location The town is located in Chegutu District, Mashonaland West, in central northern Zimbabwe. It lies in the Hartley Hills , southwest of the capital Harare at an altitude of above sea level. Population The 1982 population census recorded 19,621 inhabitants, rising to 30,122 by 1992. The population was estimated at 36,000 in 2002. By 2012 it had grown to 50,590 inhabitants. Transportation Chegutu lies on the A5 highway between Harare and Bulawayo. It is also on the railway line between the two cities. Secondary roads link it to Chinhoyi, Chakari and the Mhondoro communal lands and Msengezi Small Scale Commercial farms Climate Annual rainfall in Chegutu averages . The town's mean temperatures vary between 23 °C in the hottest month to 14 °C in the coldest. Economy Chegutu is the commercial and administrative centre of the surrounding district. Having been established as a mi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nyanga, Zimbabwe
Nyanga is a town in Zimbabwe. At one time, the town was known as Inyanga. Location It is located in Nyanga District, Manicaland Province, in northeastern Zimbabwe, close to the International border with Mozambique. This location lies immediately north of Nyanga National Park in the Eastern Highlands, about , by road, north of Mutare, the nearest large city. This location lies approximately , by road, east of Harare, the capital of Zimbabwe and the largest city in that country. The coordinates of Nyanga are:18° 12' 36.00"S, 32° 44' 24.00"E (Latitude: 18.2100; Longitude:32.7400). Nyanga sits at an elevation of , above sea level. Overview Mount Nyangani, the highest mountain in Zimbabwe, lies about , southeast of the town. Its highest peak rises to approximately , above sea level. Nyanga is primarily a tourist town and is a popular tourist destination with its fishing, golf courses, mountain hikes and holiday resorts. The Mtarazi Falls, inside Nyanga National Park, are the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gwanda
Gwanda is a town in Zimbabwe. It is the capital of the province of Matabeleland South, one of the ten administrative provinces in the country. It is also the district capital of Gwanda District, one of the seven administrative districts in the province. Location The town is located , by road, south east of the city of Bulawayo, Zimbabwe's second largest city. This location lies on the A6 road (Zimbabwe), Bulawayo–Beitbridge Road and the Beitbridge Bulawayo Railway. The town of Beitbridge, at Zimbabwe's border with the Republic of South Africa, lies approximately , further southeast on Highway A-6. The coordinates of Gwanda, Zimbabwe are: 20°56'20.0"S, 29°01'07.0"E (Latitude:-20.938889; Longitude:29.018611). Gwanda sits at an average elevation of above mean sea level. Gwanda is known to have long, hot summers, and short, cool winters. Gwanda is also quite dry as compared to the rest of the country, and is therefore prone to drought. Overview Gwanda was founded in 1900 as ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Karoi
Karoi is a town in Zimbabwe. Location Karoi is located in Karoi District, Mashonaland West Province, in central northern Zimbabwe. It is located approximately , by road, northwest of Chinhoyi, the nearest large town, and the location of the provincial headquarters. This location lies about , northwest of Harare, Zimbabwe's capital and largest city. Karoi lies along the main road, Highway A-1, between Harare and Chirundu, at the International border with the Republic of Zambia, about , further northwest of Karoi. The coordinates of Karoi are: 16° 48' 36.00"S, 29° 42' 0.00"E (Latitude:16.8100; Longitude:29.7000). Overview In addition to the offices of ''Karoi Town Council'', the town is also the location of the headquarters of Karoi District Administration. The surrounding countryside is farmland, where tobacco is the primary cash crop. In 2011, the Tobacco Industry and Marketing Board (TIMB) permitted Mashonaland Tobacco Company (MTC) to open auction floors and buy tobacco ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
