Zimbabwe: Chinamasa Allays Bank Equity Grab Fears

TALK suggesting Zimbabwe's government wants to acquire controlling stakes in foreign owned banks is nonsense, Finance and Economic Development Minister, Patrick Chinamasa said yesterday.

Chinamasa told a press briefing at which he revealed a $20 million investment into the Kingdom Afrasia Bank by Mauritius based Afrasia Bank Limited that it was not the wish of government to use the "one-size-fits-all" policy as part of the indigenisation plan.

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