Top banker in suicide


One of the founding members of Kingdom Bank, Benjamin Katsande, reportedly fatally shot himself on New Year’s Day under unclear circumstances.

Although details behind the suicide were still sketchy yesterday, Katsande, a top banker, is said to have committed suicide at his Pomona residence in Harare.

NewsDay visited Katsande’s residence yesterday afternoon where mourners were converging, but family members refused to shed light on state of affairs surrounding the businessman’s death.

At first some were accommodative and appeared willing to co-operate with the news crew, but an unidentified man later turned up and ordered reporters to leave. He curtly said: “Gentlemen leave us alone. We want to mourn our relative in peace,I think you understand what I am saying. I will not repeat. You should leave now.”

Police spokesperson Inspector James Sabau, however said, he was still in the dark over the incident.

“I am yet to receive the information of that incident,” he said. “As of now I cannot comment unless I get the full details.”

Katsande was instrumental in the formation of Kingdom Bank in 1996, but later parted ways with the organization to form Highveld Financial Services around the year 2000. The firm diversified into property development.

The project, however, collapsed forcing him to operate a butchery in Westlea, near Warren Park, trading as Trafford Investment.

When the NewsDay visited the butchery to get confirmation on Katsande’s death, it was closed, with more mourners gathered outside.

One of them confirmed the businessman’s death and said he was waiting for transport to attend the funeral in Pomona.

Details of Katsande’s burial arrangements could not be established by the time of going to Press last night.