Bankers blacklisted

Government has blacklisted bankers whose institutions collapsed due to delinquency, effectively sealed the fate of former highfliers accused of precipitating the demise of demise of several financial institutions and shaking public confidence of the sector.

Individual implicated in the collapse of financial institutions in Zimbabwe can no longer assume directorship in any licenced banking institution in the country.

The law, mean to strengthen the financial services sector and restore public confidence battered by the collapse of nearly 30 banking institutions since 2000, has also come with heavy  penalties for funding terrorism and money laundering.