BULAWAYO - At least 183 employees at Kingdom Financial Holdings Limited (KFHL) have lost their jobs under a restructuring exercise that the financial services company says is meant to position it to exploit new growth opportunities in Zimbabwe and in the region. Acting chief executive Lynn Mukonoweshuro said the de-merger of the Kingdom Meikles Africa Limited was expected to open new opportunities for KFHL, adding that the rationalising programme was part of efforts to ensure the firm was able to respond to the changing operating environment.
She said staff at all levels of the group, from the executive management to junior level, applied to leave the group to pursue other personal and professional interests.
“We believe that a new dawn is being ushered following the announced de-merger of the group from Kingdom Meikles Africa Limited. This has given us the impetus to usher in a new era, rejuvenate our brand and take our renowned customer service and product innovativeness to a greater, new and unsurpassed level,” said Mukonoweshuro.