RBZ appoints bankers for Portfolio Fund

RBZ appoints bankers for Portfolio Fund
Published: 20 October 2017
Standard Chartered Bank, Stanbic and CBZ have been appointed bankers for the Zimbabwe Portfolio Fund which was established by the Reserve Bank of Zimbabwe in August this year.

Although the fund was supposed to be functional from September this year, the bankers are still awaiting the seed capital from the central bank.

Standard Chartered Bank CE Ralph Watungwa said on the sidelines of the 46th Institute of Bankers Summer School (IOBZ) in Nyanga last week that the seed capital is going to be approximately US$1 million for each of the banks, adding that there is potential in private equity in Zimbabwe.
- Zim Ind
Tags: RBZ,


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