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Stanbic disburses $800m towards projects

HARARE – Stanbic Bank Zimbabwe (Stanbic), a unit of South African Standard Bank, says it has disbursed $800 million since 2012 to various sectors of the economy, despite indigenisation threats. The bank is one of the four foreign-owned financial institutions under pressure to comply with the country’s empowerment policy — compelling non-Zimbabwean firms to cede…

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