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AfrAsia battles $16m lawsuits

HARARE – Troubled AfrAsia Zimbabwe Holdings Limited (AZHL)’s banking and microfinance subsidiaries are contesting $16,4 million lawsuits from various clients. Among the aggrieved is Alphavic Management Consultancy (Private) Limited which is suing the group’s flagship unit AfrAsia Bank Zimbabwe Limited (ABZL) for $15,3 million in damages for alleged financial prejudice suffered when it failed to…

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