ABC bank, which is a banking group originating out of Zimbabwe, is also one of the companies that we have operating out of the IFSC. They too have been given two tax certificates, the first for a banking operation and the other certificate allows the bank to operate as a holding company that provides financial and other support services to its subsidiaries.
KINGDOM BANK AFRICA LIMITED
Kingdom Africa Bank Limited acquired a banking license for cross-border business under the auspices of the Botswana IFSC in August 2003. Kingdom Bank Africa Limited is a diversified financial services group listed on the Zimbabwean Stock Exchange.