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local bank

RBZ increases capital requirements for banks

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.

Gono opens up on alleged personal debts

Reserve Bank of Zimbabwe governor Gideon Gono has denied press reports that he is protecting foreign owned banks being targeted in a controversial Zanu PF indigenisation drive because he owes them money.