The Reserve Bank of Zimbabwe (RBZ) has, with immediate effect, lifted the temporary ban on lending services by banks.
This comes after Zimbabweans criticised the move, indicating that it threatened sustenance.
In a statement, RBZ governor, John Mangudya, said lifting the lending suspension will not apply to entities under investigation.
“Further to the circular issued to banks on May 9, 2022, the bank wishes to advise the public that the temporary suspension of lending services by banks has been lifted with immediate effect. The lifting of the suspension does not apply to those entities that are under investigation by the Financial Intelligence Unit (FIU) for abusing loan facilities to the detriment of the economy. The FIU has, accordingly, advised all banks of the affected entities,” Mangudya said.
