Sign in

Private company

Kingdom Bank Limited

Zimbabwean commercial bank

Afrasia Bank Zimbabwe was a commercial bank in Zimbabwe that was a subsidiary of AfrAsia Bank Limited. It was one of the regulated banking institutions licensed by the Reserve Bank of Zimbabwe, the country's central bank and national banking regulator. The bank stopped providing banking services in Zimbabwe in 2015 and the central bank cancelled its license soon afterwards.2 Wikipedia text CC BY-SA 4.0

Last updated Oct 21, 2026.

Overview

1997Founded1

See how the biggest companies compare on our leaderboards

AfrAsia Bank Limited Building Port Louis, Mauritius
Photo: Suyash Dwivedi, CC BY-SA 4.0, via Wikimedia Commons4

Afrasia Bank Zimbabwe was a commercial bank in Zimbabwe that was a subsidiary of AfrAsia Bank Limited. It was one of the regulated banking institutions licensed by the Reserve Bank of Zimbabwe, the country's central bank and national banking regulator.2

The story

The bank was established in 1997, as Kingdom Bank Zimbabwe Limited, by Lysias C Sibanda, Frank Kufa, Nigel Chanakira and Solomon Mugavazi. In January 2012, AfrAsia Bank Limited, a financial services provider, based in Mauritius, invested US$9.5 million in the bank's holding company, thereby acquiring 35% ownership in the Zimbabwean financial group.

Until September 2013, the bank was a subsidiary of Kingdom Financial Holdings Limited (KFHL), a publicly traded company on the Zimbabwe Stock Exchange. In 2013, due to changes in ownership, KFHL rebranded to AfrAsia Zimbabwe Holdings Limited (AZHL). The 35.7% shareholding that the holding company previously held in Kingdom Africa Bank Limited, an investment bank in Botswana, was disposed of in September 2013.

In 2015 AfrAsia Bank Zimbabwe ceased its banking operations in the country to refocus on profitable business lines. James Benoit, CEO of AfrAsia Bank, said: "The difficulties that AfrAsia Bank Zimbabwe was facing arose primarily from legacy issues within the bank and the difficult economic environment within the country."

From Wikipedia’s article on Afrasia Bank Zimbabwe Limited, shared under CC BY-SA 4.0.3

Products and brands

  • loan

Listed on Wikidata.1

The AfrAsia Bank Zimbabwe Group included the following bank subsidiaries:

AfrAsia Capital Management (Private) Limited

MicroKing Finance Limited - A microfinance company

From Wikipedia’s article on Afrasia Bank Zimbabwe Limited, shared under CC BY-SA 4.0.3

Timeline

  1. 1997Founded Founded1

Sources

The numbers on this page point here. Each one links to the record it came from.

  1. 1
  2. 2
  3. 3
  4. 4