Breaking News

Econet appoints Ngwenya as new TN Bank CEO

by Business reporter
12 February 2013 | 5236 Views
Econet Wireless has appointed Mr Kwanele Ngwenya, a South African who was heading the operations of First National Bank (FNB) in Botswana, as the new CEO of TN Bank.




Mr Ngwenya, a veteran banker, was head hunted by an international agency after Econet decided that it wants to turn TN Bank into one of the leading banks in the country. The telecoms operator wants to introduce a new model of banking in the country which uses the synergies of its telecoms business.

Econet has already made sweeping changes at the bank, after taking control a few months ago. Changes have already been made at board level, after the resignation from the bank's board of founder, Mr Tawanda Nyambirai, in December last year. A new team of international bankers have been brought onto the bank's board.

Also gone from the bank are almost all the key former executives, including former CEO George Nyashanu, who has been re-assigned within Econet Wireless Services.

Meanwhile, an overwhelming majority of the TN Bank shareholders accepted the offer by the telecoms group to buy them out of TN Bank Limited. According to preliminary returns, 96% of the minority shareholders accepted the Econet offer; 99% of those shareholders who accepted the offer opted for shares rather than cash. 

Econet TN Bank CEO Ngwenya

Source: Byo24News

Comments

Latest News

Alois Bunjira helps change street kid's life - A heart-warming Facebo...

by Staff reporter | 28 May 2016 | 599 Views

CCTV exposes Chicken Inn wallet thief - A WOMAN from Cowdray Park subu...

by Staff reporter | 28 May 2016 | 779 Views

Zimbabwe war vets call Mugabe to order - WAR veterans have come out gu...

by Staff reporter | 28 May 2016 | 1340 Views

Opposition parties hit back at Mugabe - Opposition parties have said P...

by Staff reporter | 28 May 2016 | 750 Views

Nhlanhla Masuku dies - National Economic Consultative Forum spokespers...

by Staff reporter | 28 May 2016 | 1319 Views

Indiscipline rocks Bosso - INDISCIPLINE seems to be creeping in at Bul...

by Sikhumbuzo Moyo | 28 May 2016 | 886 Views

Zimbabwe targets SA, Botswana ID program - THE Ministry of Home Affair...

by Sukulwenkosi Dube | 28 May 2016 | 1173 Views

Who is Supersport faceless negotiator? - WHEN the giant sports broadca...

by Sikhumbuzo Moyo | 28 May 2016 | 586 Views

Plumtree water supply dam in critical state - PLUMTREE'S main supply d...

by Sukulwenkosi Dube | 28 May 2016 | 288 Views

'Name and shame corrupt officials' - VICE President Phelekezela Mphoko...

by Prosper Ndlovu | 28 May 2016 | 404 Views

Tsvangirai likely to miss MDC-T’s Bulawayo demo

by Nduduzo Tshuma | 28 May 2016 | 385 Views

'Ex-lover' sues Prophet Magaya for $500,000 - A HARARE woman is suing ...

by Daniel Nemukuyu | 28 May 2016 | 644 Views

Pardoned inmate caught with fake US$1,200 - KHUPEKANI Sibanda, 32, is ...

by Noleen Makhurane | 28 May 2016 | 531 Views

Gold dealer, smugglers arrested - POLICE in Harare and Bulawayo have a...

by Crime Reporter | 28 May 2016 | 385 Views

Malawi bans foreign witch doctors - Lilongwe - Malawi has banned forei...

by Staff reporter | 28 May 2016 | 339 Views

Bulawayo to regain super industrial status, says Grace Mugabe - The Fi...

by Prosper Ndlovu | 28 May 2016 | 321 Views

30 drug, gang-rape girl (16) - Rio de Janeiro - Police in Brazil are h...

by Staff reporter | 28 May 2016 | 472 Views

Million Man March: So hard a fact, so harder to accept - BACK in the 1...

by Nathaniel Manheru | 28 May 2016 | 445 Views

Globe-trotting Mugabe, a very selfish president

by Obert Chaurura Gutu - MDC-T National Spokesperson | 28 May 2016 | 1364 Views

Kombi drivers destroying families

by Stephen Jakes | 28 May 2016 | 1165 Views

A'level: Daily Divinity Questions and Answers with Witness Dingani - Q...

by Witness Dingani | 28 May 2016 | 350 Views

Mugabe Million Man March and its significance for deepening corruption...

by Andrew Manyevere | 28 May 2016 | 569 Views

Director dupes house seeker

by Staff Reporter | 28 May 2016 | 456 Views

Entertainment

Sandy, Khuliyo show tickets selling like hotcakes - THE Sandra Ndebele...

by Bongani Ndlovu | 26 May 2016 | 1684 Views

Zimbabwe-born Olivier excels in SA music contest - Zimbabwe-born Jerem...

by Staff reporter | 25 May 2016 | 2568 Views

After Flashbacks and Setbacks press brief - A EDZAI ISU Theatre Arts P...

by Staff Reporter | 25 May 2016 | 637 Views

Gringo turns to music - "I am an artiste and have passion for acting. ...

by Sophia Chese-Msowa | 25 May 2016 | 2767 Views

Dj Zinhle dying to be in Bulawayo

by Thobekile Zhou | 24 May 2016 | 3874 Views
iBlog

Hp Omen 15-5116tx – The Next Generation Gaming Laptop

the hp omen 15-5116tx is being targeted at the performance hungry gamers. it comes in a single variant boasting an eye-catching attractive design. the notebook offers a slim, lightweight chassis and appears like a piece of art than an actual gaming... Read More
Sergey 11 June 2015 ago

Mobile Spy Software Maker Mspy Hacked

mspy, the makers of a software-as-a-service product that claims to help more than two million people spy on the mobile devices of their kids and partners, to have been massively hacked. a public relations pitch from mspy to krebsonsecurity in march ... Read More
SecNews 17 May 2015 ago