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Zim reserve bank will not reverse Barclays Zim sale

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(File, AFP)
(File, AFP)

Harare - Zimbabwe's central bank will not bow down to pressure from Zanu PF and other campaigners seeking to have the sale of Barclays Zimbabwe to FMB reversed as the apex bank is merely a regulator.

Reserve Bank of Zimbabwe governor John Mangudya said on Monday that the central bank will not interfere with how Barclays plc will dispose of its stake in the Zimbabwean unit.

Barclays plc is drawing down its investments in Africa and has also said it has received approvals for the sale of Barclays Africa, formerly Absa.

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