FAILURE to present the group’s audited financial results within the prescribed time frames and a series of corporate governance infractions led to the suspension and subsequent resignation of former BancABC managing director Lance Mambondiani (pictured), new information obtained by The NewsHawks shows. BERNARD MPOFU Mambondiani, one of the new generation of young executives in Zimbabwe, threw in…
Former BancABC Zimbabwe managing director Lance Mambondiani is said to have violated policies relating to procurement of vendors where prices are said to have been inflated, Business Times reported. The banker left the financial institution after nearly four years at the helm. It is also understood that Mambondiani, who was forced to resign last week…
NewZimbabwe.com – The Zimbabwe News You Trust is Zimbabwe’s leading online newspaper and published by New Zimbabwe Media Ltd. The platform brings you the latest breaking News, Business, Showbiz, Sports, Diaspora and gives you everything you’ve come to expect and love.
BANKER Lance Mambondiani is stepping down as managing director of BancABC, having been head of the Zimbabwe unit of the regional financial services institution since July 2019. Sources dismissed speculation claiming the banker, known for his keen interest financial services innovation, was leaving due to a fallout with the bank's board. His departure is however,…
NewZimbabwe.com – The Zimbabwe News You Trust is Zimbabwe’s leading online newspaper and published by New Zimbabwe Media Ltd. The platform brings you the latest breaking News, Business, Showbiz, Sports, Diaspora and gives you everything you’ve come to expect and love.