ZABG narrows loss

Zimbabwe Allied Banking Group (ZABG) narrowed its loss in the first six months of the year as new shareholders moved in to shore up the bank’s balance sheet.

Mines and Mining Development minister Obert Mpofu’s investment vehicle, Trebo and Khays Limited, recently injected fresh capital into the bank.

As a result, during the period under review, the bank’s asset base grew to $40 million.

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