The plaintiff (“Ecobank”) is a bank registered and licenced in terms of the laws of Zimbabwe. In that capacity, it offers loans, advances and other such credit facilities to borrowers. The first defendant (“Solgas”) is also a registered entity in terms of the laws of Zimbabwe. It is in the business of solar power generation.
[5] By written agreement dated 27 July 2023, Ecobank extended loan for capital expenditure in the sum of US$450,000.00 to Solgas. In terms of that agreement, tiled “Working Capital Facility Agreement” (referred herein as the “loan agreement”), Solgas undertook to liquidate the principal and interest...
More
On 29 June 2011 in HC 5213/11 I issued a provisional order in favour of Econet Wireless (Pvt) Ltd as the applicant, against Renaissance Financial Holdings Limited as the first respondent and Reggie Francis Saruchera (in his capacity as the Curator of Renaissance Merchant Bank Limited) as the second respondent
More
The applicant filed this urgent chamber application seeking a Provisional Order in the following terms as amended.
TERMS OF FINAL ORDER SOUGHT
“1. In the event of the respondents failing to discharge all of their obligations towards the applicant, including the payment of all capital amounts due and owing to the applicant together with all interest accrued, by 30th October 2011, the first respondent’s shareholding in Africa First Renaissance Corporation Limited, be transferred to the applicant.
2. The respondents pays costs of this application at an attorney and client scale with the one paying the other to be absolved
More
