Mpofu wife in new ZABG board

Mines and Mining Development minister Obert Mpofu’s wife Sikhanyisiwe and prominent Harare lawyer Farai Mutamangira have been appointed to new Zimbabwe Allied Banking Group (ZABG) board.

Trebo and Khays Limited, an investment vehicle owned by the Mines minister’s family, recently concluded a $22,5 million transaction. ZABG was created as a special purpose vehicle that facilitated the conversion of assets in the troubled banks into equity following the 2003-2004 banking crisis.

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