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AfrAsia ‘quarantines’ troubled Zim unit

HARARE – Mauritius-based AfrAsia Bank Limited (AfrAsia) has decided to exclude its troubled subsidiary AfrAsia Zimbabwe Holdings Limited (AZHL) from the group’s consolidated accounts in a move it said will “isolate any additional risks”. This comes as the Zimbabwean financial group is facing viability challenges. Arnaud Lagesse, AfrAsia chairman, said “entities of the group will…

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