financial sector

Zimbabwe has increased minimum capital requirements for banks to as much as $100 million, a move which could hold back a drive to force foreign banks to sell majority shares to locals while forcing small, locally owned ones to merge.
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HARARE - Reserve Bank of Zimbabwe (RBZ) governor Gideon Gono has put out the claws on Indigenisation minister Saviour Kasukuwere and his empowerment fixer David Chapfika, saying they were unfit to preside over the localisation of foreign…
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