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Provider: Reuters Investment Profile
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Econet Wireless Zimbabwe Ltd Announces Plans to Acquire Full Control Of TN Bank Ltd-All Africa


Friday, 8 Feb 2013 02:51am EST 

All Africa reported that Econet Wireless Zimbabwe Ltd announced the Company's plans to acquire a remaining 55% stake in TN Bank Ltd, in which it had already acquired a 45% stake. Econet Wireless Zimbabwe Ltd also announced that it expects the acquisition of the full control of TN Bank Ltd to enable the Company to meet the Reserve Bank of Zimbabwe's new minimum capital threshold of USD100.00 million.