Categories: Zim Latest

Standard Chartered Plc formally notifies RBZ that it is pulling out of Zimbabwe

The British multinational banking institution Standard Chartered Plc has formally informed the Reserve Bank of Zimbabwe that it will be divesting from the country after 130 years.

Standard Chartered Plc has also pulled out from six other nations.

Meanwhile, Stanchart says it will remain operating in Zambia and other investment- friendly African markets.

RBZ governor John Mangudya confirmed receiving the notification.

Zwnews

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