Home » Entries posted by Zimbabwe Investor (Page 33)

Former Zambia President Rupiah Banda Arrested, Passport Confiscated

Former Zambia President Rupiah Banda Arrested, Passport Confiscated

The Government Joint Investigative Team (GJIT) in Lusaka has arrested former president Rupiah Banda and also seized his passport. Both GJIT spokesperson and Banda’s lawyers confirmed the arrest in separate interviews today and said the former Head of State had been released on police bond in his own recognisance. Banda…

Cyprus MPs pass banking reforms

Cyprus MPs pass banking reforms

MPs in Cyprus have voted to restructure the island’s banks – one of several measures to ease a financial crisis, which has hit eurozone confidence. They have also approved a “national solidarity fund” and capital controls to prevent a bank run. Cyprus needs to raise 5.8bn euros (£4.9bn; $7.5bn) to…