He said in an interview that the greatest challenge that the company was currently facing was inadequate funds to recapitalise its operations. |
And he said they had launched a programme that would help mobilise finances and recapitalise the company. |
Instead the money will be used to recapitalise three of the country's zombie banks. |
Failure to reinvest or recapitalise ultimately put the skids under the whole thing. |
He offered to lend them money to repurchase the shares and recapitalise the business. |
The apex bank said that investors injected more than USD15m to recapitalise and take back control of the bank after it was briefly nationalised last week. |