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Construction of the new RBZ building began in 1993 and was fully completed in 1997, but was officially opened by President Robert Mugabe on May 31, 1996. The building is the tallest in Zimbabwe [ citation needed ] standing at a height of 394 feet (120 m) with 28 floors above ground.
rbz Ministry of Finance and Investment Promotion formerly known as Ministry of Finance and Economic Development is a government ministry , responsible for the economy of Zimbabwe . The incumbent Finance Minister is Mthuli Ncube [ 1 ] while the Deputy Minister is David Kudakwashe Mnangagwa . [ 2 ]
John Mushayavanhu is a Zimbabwean central bank governor and former FBC Holdings Limited boss. [1] [2] In 1997, Mushayavanhu joined FBC Bank as an executive director in the corporate banking division. [3]
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POSB was formed in 1904, as the Post Office Saving Bank.. In 1999 the People’s Own Savings Bank Act was established as a corporate body in accordance with the People’s Own Savings Bank of Zimbabwe Act.
In September 2010, the RBZ reversed itself and re-issued the commercial banking licenses of the three banks that had been closed. ZABG also retained its banking license, bringing the total of commercial banks in the country to seventeen at that time. Trust Bank resumed banking business as a self-sufficient entity on 13 December 2010. [7] [8]
Royal Bank Zimbabwe, commonly referred to as Royal Bank, was a licensed commercial bank in that formerly operated in Zimbabwe. [1] It operated between 2001 and 2012, when it was shut down by its Board due to accumulated losses, liquidity challenges and high level of non-performing loans.
John Mangudya started work as RBZ governor on 1 May 2014 after being appointed into office by Robert Mugabe. [9] He took over from Charity Dhliwayo who had been acting since November 2013 following Gideon Gono's retirement. In May 2019, his expired contract was renewed for a further 5 years by Emmerson Mnangagwa. [10]