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NMB snaps up 40pc ZHL stake

HARARE – NMB Bank Limited (NMB) has acquired a 40,16 percent stake in Zimre Holdings Limited (ZHL) after taking up nearly 82 percent unsubscribed shares in the insurance group’s $15 million rights issue. The bank underwrote the rights issue — aimed at raising funds to strengthen ZHL’s capital base and finance business growth — which…

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