Zimbabwe: Timba in Trouble Over U.S.$2,8 Million Loan

Former Renaissance Financial Holdings Ltd (RFHL) CEO Patterson Timba could lose his gold mine if he fails to settle a US$2,8 million loan he owes Kingdom Bank Ltd, business digest has established.

Court documents seen by business digest this week show that Kingdom Bank had issued summons to Timba, claiming the principal loan of US$2 million and US$835 948 in interest.

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