BONI-Investrust Dispute Raises Investor Protection Concerns in Zambia

The dispute between Nigerian investment firm BONI and Zambia's Investrust Bank PLC has sparked concerns about investor protection and regulatory transparency in African capital markets. BONI's acquisition of a stake in Investrust has faced delays in regulatory approval, leading to uncertainty for nearly three years.

The controversy has attracted attention beyond Zambia, particularly within Nigeria's investment community. Prominent figures like Michael Prest, Hakainde Hichilema, Aliko Dangote, and Tony Elumelu have been involved in discussions to address the issue and ensure transparency in the investment process.