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To summarise this, the competitive landscape in Zimbabwe has significantly shifted over the last 15 years and there is no longer an adherence to rules by the book.
The transaction also fell within FBCH’s market adoptive plan of enriching and widening its loan underwriting capacity in the face of increasing volatility.
Timmy Nheru, managing director at Minerva, refuted the allegations, saying: “The information is readily available. The pensioners never asked to see those documents.”
In April 2022, StanChart’s former British-based parent company, Standard Chartered PLC, announced plans to fully divest from its Angola, Cameroon, Gambia, Jordan, Lebanon,