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Zimbabwe Threatens Foreign Banks With Expulsion

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AFRICANGLOBE - Foreign-owned banks in Zimbabwe –Barclays, Stanbic Bank and Standard Chartered Bank — have been told they can leave the country if they are not prepared to support its industries, it was reported on Friday. Zimbabwe’s Indigenisation and Empowerment Minister Saviour Kasukuwere told African editors, who are in Zimbabwe at the invitation of the Zimbabwe National Editors Forum, that the banks were not supportive of the country’s economy.

Zimbabwean Govt Rejects Standard Chartered Bank’s Indigenisation Plan

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Standard Chartered Bank Zimbabwe is on a collision course with Government after expressing reluctance to meet indigenisation thresholds in line with the empowerment laws.
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