Zimbabwe Govt Splits Over Seizing Banks

Prime Minister Morgan Tsvangirai has repudiated a bid by President Robert Mugabe's wing of the unity government to force banks, schools and other institutions to hand over control of their operations to locals.

Photo: IRIN

Hope in Harare.

  • Zimbabwe:   In Killing Enterprise, Robert Mugabe Is Not Alone

    Focus, 9 July 2012

    In Zimbabwe, there is a minister for Empowerment. His name is Saviour Kasukuwere--a man often described as a rising star in President Robert Mugabe's ruling ZANU-PF party by… Read more »

  • Zimbabwe:   Tsvangirai Repudiates Bid to Seize Banks, Schools

    Zimbabwe PM, 3 July 2012

    The Ministry of Youth Development, Indigenization and Economic Empowerment last Friday gazetted a notice announcing that all foreign-owned banks and other sectors including… Read more »

  • Zimbabwe:   Banking Sector Confused By Mixed Indigenisation Messages

    SW Radio, 2 July 2012

    Zimbabwe's banking sector is said to be in a state of serious confusion, because of the mixed messages emanating from key figures in the industry about indigenisation. Read more »

  • Zimbabwe:   Gono Calms Banking Sector

    Zimbabwe Standard, 1 July 2012

    RESERVE Bank of Zimbabwe (RBZ) governor Gideon Gono said yesterday there won't be any changes to the bank's stance on empowerment unless the laws governing the banking sector were… Read more »

  • Zimbabwe:   Banks - What's There to Indigenise?

    Zimbabwe Independent, 28 June 2012

    THE indigenisation requirements gazetted by the government last year have been received with mixed feelings within various sectors of the economy. Debate has been mainly on how the… Read more »

  • Zimbabwe:   'No Going Back On Banks'

    Zimbabwe Independent, 29 June 2012

    ZANU PF secretary for indigenisation and economic empowerment Saviour Kasukuwere has declared there will be no going back on indigenisation of the banking sector saying financial… Read more »

  • Zimbabwe:   Battle Over Banks Intensifies

    Zimbabwe Independent, 14 June 2012

    A SERIES of private meetings between Indigenisation minister Saviour Kasukuwere and Barclays Bank managing director George Guvamatanga, as well as other foreign-owned banks, in the… Read more »

  • Zimbabwe:   AAG to Grill RBZ, Foreign Banks Over Empowerment

    Zimbabwe Independent, 1 June 2012

    HEATED debate is expected at an Affirmative Action Group (AAG) symposium at a hotel in Harare today, where the Reserve Bank and foreign-owned banks are expected to be grilled over… Read more »

  • Zimbabwe:   Gono Proposes Different Empowerment Model for Banks

    Zimbabwe Standard, 11 June 2012

    RESERVE Bank of Zimbabwe (RBZ) governor, Gideon Gono, has proposed an empowerment model for the banking sector based on a supply-chain approach, in a bid to protect the fragile… Read more »