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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] |
Private 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. 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 publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 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 '' Forbes'' survey of closely held U.S. businesses sold a trillion dollars' worth of goods and services ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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] |
Banks Of Zimbabwe
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Obert Mpofu
Obert Moses Mpofu is a Zimbabwean politician, who served as Minister of Home Affairs from 2017 to September 2018. Previously he was Minister of Macro-Economic Planning and Investment Promotion; Minister of Industry and International Trade; Minister of Mines and Mining Development; and Minister of Transport and Infrastructure Development. The Cabinet of Zimbabwe was later dissolved on 27 November 2017. He was reappointed as Minister of Home Affairs in Mnangagwa's first cabinet on 30 November 2017. The Culture portfolio was added to his ministry. Mpofu was later removed from the Zimbabwe cabinet in September 2018. Political career Mpofu, previously the Governor of Matabeleland North Province, was appointed as Minister of Industry and International Trade in mid-April 2005, following the March 2005 parliamentary election. He was placed on the United States sanctions list in 2003. At the beginning of 2014, Mpofu was reported to be seeking nomination from ZANU-PF’s Matabelel ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of Zimbabwe
The economy of Zimbabwe mainly relies on the tertiary sector of the economy, also known as the service sector of the economy, which makes up to 60% of total GDP as of 2017. Zimbabwe has the second biggest Informal economy in the world as a percentage of its economy, with a score of 60.6%.https://www.herald.co.zw/zim-has-worlds-second-largest-informal-economy-imf/ /ref> Agriculture and mining largely contribute to exports. After continuous negative growth between 1999 and 2008, the economy of Zimbabwe grew at a meteoric annual rate of 34% from 2008 to 2013, rendering it the fastest-growing economy in the world. Its economy then stagnated again through 2020, before seeing another extremely sharp increase (45%) in the most recent year. The country has reserves of metallurgical-grade Chromite. Other commercial mineral deposits include Coal, asbestos, copper, nickel, gold, platinum and Iron ore. Current economic conditions In 2000, Zimbabwe planned a land redistribution act to c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Banks In Africa
This is a list of banks in Africa, arranged by country. Algeria Central bank * Bank of Algeria Commercial public banks * Algérie Poste * Banque Capitale Du Benin Commercial private banks * Arab Bank * Arab Banking Corporation * Banque Capitale Du Benin * BNP Paribas * Calyon * Citibank * HSBC * Natixis * Société Générale Angola Central bank * Central Bank of Angola Commercial banks and other financial institutions * Banco Africano de Investimentos * Banco de Desenvolvimento de Angola * Banco de Poupança e Crédito * Banco do Brasil * Banco do Comércio e Indústria * Banco Espírito Santo Angola Benin Central bank * Central Bank of West African States Banks and other financial institutions * African Investment Bank * Bank of Africa Bénin * Banque Atlantique * Banque Internationale du Bénin * Banque Sahélo-Saharienne pour l'Investissement et le Commerce * BGFIBank Group * Diamond Bank * Ecobank * Financial Bank Bénin * Société Gén� ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Banks In Zimbabwe
This is a list of "Operating Banking Institutions" in Zimbabwe. # Agricultural Development Bank of Zimbabwe # BancABC Zimbabwe # CABS # CBZ Bank Limited # First Capital Bank Limited # Ecobank Zimbabwe Limited # FBC Bank Limited # Nedbank Zimbabwe Limited # Metbank # NMB Bank Limited # Stanbic Bank Zimbabwe Limited # Standard Chartered Bank Zimbabwe Limited # Steward Bank # ZB Bank Limited # Tetrad Investment Bank Limited # FBC Building Society # National Building Society # ZB Building Society # People's Own Savings Bank # Infrastructure Development Bank of Zimbabwe The Infrastructure Development Bank of Zimbabwe (IDBZ) is a government-owned development bank in Zimbabwe, mandated to fund long and medium term funding for key infrastructure projects, including in the areas of transportation, housing, energy, ... # Small and Medium Enterprises Development Corporation. # Time Bank See also * Economy of Zimbabwe * List of banks in Africa * Reserve Bank of Zimbabwe Refe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Capital City
A capital city or capital is the municipality holding primary status in a country, state, province, department, or other subnational entity, usually as its seat of the government. A capital is typically a city that physically encompasses the government's offices and meeting places; the status as capital is often designated by its law or constitution. In some jurisdictions, including several countries, different branches of government are in different settlements. In some cases, a distinction is made between the official ( constitutional) capital and the seat of government, which is in another place. English-language news media often use the name of the capital city as an alternative name for the government of the country of which it is the capital, as a form of metonymy. For example, "relations between Washington and London" refer to " relations between the United States and the United Kingdom". Terminology and etymology The word ''capital'' derives from the Latin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mauritius
Mauritius ( ; french: Maurice, link=no ; mfe, label=Mauritian Creole, Moris ), officially the Republic of Mauritius, is an island nation in the Indian Ocean about off the southeast coast of the African continent, east of Madagascar. It includes the main island (also called Mauritius), as well as Rodrigues, Agaléga and St. Brandon. The islands of Mauritius and Rodrigues, along with nearby Réunion (a French overseas department), are part of the Mascarene Islands. The main island of Mauritius, where most of the population is concentrated, hosts the capital and largest city, Port Louis. The country spans and has an exclusive economic zone covering . Arab sailors were the first to discover the uninhabited island, around 975, and they called it ''Dina Arobi''. The earliest discovery was in 1507 by Portuguese sailors, who otherwise took little interest in the islands. The Dutch took possession in 1598, establishing a succession of short-lived settlements over a period of about ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Stock
In finance, stock (also capital stock) consists of all the shares by which ownership of a corporation or company is divided.Longman Business English Dictionary: "stock - ''especially AmE'' one of the shares into which ownership of a company is divided, or these shares considered together" "When a company issues shares or stocks ''especially AmE'', it makes them available for people to buy for the first time." (Especially in American English, the word "stocks" is also used to refer to shares.) A single share of the stock means fractional ownership of the corporation in proportion to the total number of shares. This typically entitles the shareholder (stockholder) to that fraction of the company's earnings, proceeds from liquidation of assets (after discharge of all senior claims such as secured and unsecured debt), or voting power, often dividing these up in proportion to the amount of money each stockholder has invested. Not all stock is necessarily equal, as certain classe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Reserve Bank Of Zimbabwe
The Reserve Bank of Zimbabwe is the central bank of Zimbabwe and is headquartered in the capital city Harare. History The bank traces its history to the Reserve Bank of Rhodesia, founded on 22 May 1964, but which succeeded the Bank of Rhodesia and Nyasaland (1956-1963) which had been liquidated at the collapse of the Federation of Rhodesia and Nyasaland in 1963. Prior to 1956, there was a Central African Currency Board from 1953, but which had been established as the Southern Rhodesia Currency Board in 1938 to provide Rhodesian currency, fully backed and bound to the British pound sterling at par face value. The local currency which Central African Currency Board was mandated to supply to Southern Rhodesia (colonial Zimbabwe), Northern Rhodesia (colonial Zambia) and Nyasaland (colonial Malawi) had been established through the Southern Rhodesia Coinage and Currency Act of 1932. The Reserve Bank of Rhodesia (which became the Reserve Bank of Zimbabwe at independence in 1980) has con ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Trust Banking Corporation
Trust Banking Corporation (TBC), commonly referred to as Trust Bank, is a commercial bank in Zimbabwe. It is one of the commercial banks in the country, licensed by the Reserve Bank of Zimbabwe, the national banking regulator. Trust Bank is a small financial services provider in Zimbabwe. , the bank's total asset valuation was reported as US$38.5 million, with shareholder's equity of $14.8 million. History The bank was founded in 1996 as Trust Merchant Bank. It transformed its banking licence to commercial banking licence in 2000, paving the way for its transition to Trust Banking Corporation. The bank grew rapidly, and by 2003, it had become the largest bank in Zimbabwe by balance sheet size. However, its growth came with several problems. As the Zimbabwean economy deteriorated, managers of the bank started in engaging in non-core activities. In 2004, it was closed down by the Reserve Bank of Zimbabwe (RBZ), the national banking regulator. The assets of the bank were merg ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
