Breaking News

Econet appoints Ngwenya as new TN Bank CEO

by Business reporter
12 February 2013 | 6237 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

Could there be war if Grace Mugabe becomes President?

Yes
74.27%
No
9.06%
Who cares?
16.67%
618

Comments

Latest Classifieds (Click Here For More)

News Updates

Email:

Latest News

Sibanda bedroom coup jab at Mugabe was more potent than Ali's left hoo...

by Wilbert Mukori | 31 October 2014 | 99 Views

Rude awakening for judge aspirant - A former High Court Registrar and ...

by Staff reporter | 31 October 2014 | 947 Views

Community Share Trusts: 'So what?' attitude at play

by Zisunko Ndlovu | 31 October 2014 | 444 Views

Mugabe and friends need to know we will change history narrative - Th...

by Shingai Mugochi | 31 October 2014 | 1436 Views

British trade mission says Zimbabwe a safe investment destination - T...

by Staff reporter | 31 October 2014 | 573 Views

Gideon Gono to takeover re-branded Zanu-PF?

by Nancy Mabaya | 31 October 2014 | 2057 Views

Inside Mugabe's sealed succession envelope: Fear, self assassinations ...

by Dinizulu Mbikokayise Macaphulana | 31 October 2014 | 1788 Views

When even the gullible can no longer be fooled - The west has once mor...

by Tafara Shumba | 31 October 2014 | 495 Views

Tsvangirai's wife refuses to be called Dr Macheka - Morgan Tsvangirai'...

by Staff reporter | 31 October 2014 | 5664 Views

Image battered Tsvangirai faces the daunting task of reuniting the par...

by Prince Tongogara | 31 October 2014 | 1558 Views

MDC-T Congress - Live updates - Below are live updates of the Morgan ...

by Staff reporter | 31 October 2014 | 3222 Views

Senzo Meyiwa suspect arrested at Beitbridge border post - A suspect in...

by City Press | 31 October 2014 | 4371 Views

'Mugabe strong armed by the Chinese to support Mnangagwa': Report - T...

by Staff Reporter | 31 October 2014 | 6017 Views

Mujuru's lawyers speak out - Musunga and Associates law firm said it c...

by Staff reporter | 31 October 2014 | 5097 Views

Woman drags young sister to court for sleeping with her hubby

by Staff reporter | 31 October 2014 | 3811 Views

Man commits suicide after girlfriends clash at his place

by Court Reporter | 31 October 2014 | 3322 Views

Mujuru on the ropes as Mugabe says Grace has right to be in politics -...

by Staff reporter | 31 October 2014 | 2464 Views

Mujuru, Mnangagwa to be probed - President Robert Mugabe will soon set...

by Staff reporter | 31 October 2014 | 3775 Views

Thousands demand Mujuru's resignation - Scores of Zanu-PF supporters y...

by Staff reporter | 31 October 2014 | 1978 Views

Zanu PF divisions reach boiling point, Gwanetsa fired

by Staff Reporter | 31 October 2014 | 2536 Views

Mugabe takes a swipe at Kaukonde for bankrolling Mujuru's underground ...

by Staff reporter | 31 October 2014 | 2646 Views

Mugabe defends 'Cde Gamatox'

by Staff reporter | 31 October 2014 | 2516 Views

'Vote Mujuru out at congress,' says Mugabe - PRESIDENT Robert Mugabe o...

by Staff Reporter | 31 October 2014 | 2990 Views

Grace Mugabe's mini 'unity accord' collapses - THE mini 'unity accord'...

by Staff reporter | 31 October 2014 | 2935 Views

Entertainment

Our hands are clean, says DJ Munya

by Court reporter | 31 October 2014 | 2008 Views

Oliver Mtukudzi to get 'real' PhD - ICONIC musician Oliver Mtukudzi is...

by Staff reporte | 30 October 2014 | 2960 Views

Zimbabwe's JJ survives Big Brother Africa eviction... again - Zimbabw...

by Staff reporter | 27 October 2014 | 2139 Views

Carl Joshua Ncube to star in game show - Comedian Carl Joshua Ncube wi...

by Staff reporter | 23 October 2014 | 1597 Views

LadyBee Anondida - Official video

by Staff Reporter | 23 October 2014 | 4233 Views

Zim representative in the Big Brother Africa survives eviction - Zimba...

by Staff reporter | 20 October 2014 | 3517 Views
iBlog