Kingdom Financial Holdings Limited

Kingdom Financial Holdings Limited was a banking institution which operated in Zimbabwe. It was formed in 1995. In June 1999 the group entered into a merger with DCZ Holdings Limited, the holding company for the Discount Company of Zimbabwe Limited which was listed on the Zimbabwe Stock Exchange. Following the merger the new group changed its name to Kingdom Financial Holdings Limited. It was one of the financial institutions listed on the Zimbabwe Stock Exchange. The company was founded by a Zimbabwean born businessman Nigel Chanakira.^[1]

Products

1. Private Banking and Wealth Management
2. Corporate and Investment Banking
3. Global Business
4. Treasury^[2]

Associate Companies

Kingdom was associated to a number of companies and these include; Discount Company of Zimbabwe Limited, Kingdom Stock Brokers, Kingdom Asset Management Company, Microking Finance, First Discount House ( Malawi ), Investrust Bank Limited ( Zambia ), Kingdom Bank Africa Limited ( Botswana ).^[1]

Transition

Kingdom Financial Holdings Limited changed its name to AfrAsia Zimbabwe. This was after its founder and major shareholder Nigel Chanakira sold his 35% stake to a Mauritius based financial institution AfrAsia Bank Limited.^[3] Nigel Chanakira also stepped down as the Deputy chairman of the Kingdom group and withdrew the Kingdom brand which was associated to his business empire.^[4]