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Govt backs Gono’s $100m capital

All News

Govt backs Gono’s $100m capital

HARARE – Cabinet has approved the hike in minimum capital requirements for banks to $100 million as proposed by Reserve Bank of Zimbabwe (RBZ) governor Gideon Gono. When the central bank boss announced the new requirements, there was a huge uproar from some bankers while some politicians even threatened to approach President Robert Mugabe and…

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