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NEWS & CURRENT AFFAIRS

Stanchart leaves Zim after 130 years

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By The Southern Eye | Apr. 14, 2022

In a statement, the bank said it will close operations in Angola, Cameroon, Gambia, Jordan, Lebanon, Sierra Leone and Zimbabwe.

Standard Chartered is closing its Zimbabwe operations after 130 years in the country. The banking group today announced that it was exiting a number of operations around the world, including Zimbabwe, to cut costs.

In a statement, the bank said it will close operations in Angola, Cameroon, Gambia, Jordan, Lebanon, Sierra Leone and Zimbabwe.