TechnoMag: Zimbabwe Tech News
TechnoMag: Zimbabwe Tech News
June 19, 2025 at 03:08 PM
*Regional and Global Banks Begin Cautious Return to Zimbabwe Amid Sanctions Relief* The Bankers Association of Zimbabwe (BAZ) has revealed that some regional and niche international financial institutions are beginning to cautiously re-engage with local banks, marking a potential turning point for the country’s financial sector following the lifting of US sanctions. Zimbabwe had lost over 100 correspondent banking relationships in the past decade, largely due to international banks’ fears of attracting penalties from the United States Treasury Department. These fears stemmed from targeted sanctions imposed on Zimbabwe, which discouraged global institutions from doing business with local financial players. https://technomag.co.zw/regional-and-global-banks-begin-cautious-return-to-zimbabwe-amid-sanctions-relief/

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