Mpofu Injects U.S.$5 Million Into ZABG

Submitted by AA Zimbabwe on Sat, 2012-04-14 09:48

[Financial Gazette]

MINISTER of Mines and Mining Development, Obert Mpofu, through his investment vehicle, Trebor & Khays, is this week expected to inject US$5 million in cash into undercapitalised ZABG (Zimbabwe Allied Banking Group) Bank amid indications that the troubled bank could soon relocate its head office in Bulawayo, The Financial Gazette's Companies & Markets has learnt.