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Chanakira leaves Afriasia Kingdom

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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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.

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