Stanchart Talking To Kasukuwere About Ownership
Standard Chartered says it is still in talks with the Zimbabwe government about ceding ownership to locals.
Vicki Robinson, a spokeswoman for the London-based bank said:
We remain in discussion with the government of Zimbabwe on this. Standard Chartered has taken the conscious decision to continue to maintain our long-standing commitment to doing business in Zimbabwe.
The head of the the state-owned National Indigenization and Economic Empowerment Board (NIEEB) says Standard Chartered could lose its license if it does not comply with the country’s indeginsation laws.
This has resulted in a public spat between Indeginisation and Empowerment minister Saviour Kasukuwere and Reserve Bank Governor Gideon Gono.
With information from Bloomberg