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UK’s $800k trapped in collapsed AfrAsia unit

HARARE – The United Kingdom (UK) Department for International Development (DFID)’s $800 000 has been trapped in AfrAsia Zimbabwe Holdings Limited (AZHL)’s lending unit, Microking, following collapse of the financial institution. MicroKing was shut down after AZHL surrendered its flagship banking subsidiary AfrAsia Bank Zimbabwe Limited (ABZL)’s licence to the Reserve Bank of Zimbabwe (RBZ)….

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