ENTREPRENEURIAL CHALLENGES – The Case of Royal Bank Zimbabwe Ltd

Banking, General
Trade Shake-up In December 2003 Mzwimbi went on a effectively deserved household trip to america, glad with the progress and assured that his sprawling empire was on a stable footing. Nevertheless a name from a enterprise magnate in January 2004 alerted him to what was termed a looming shake- up within the monetary companies sector. It seems that the incoming governor had confided in a couple of shut colleagues and acquaintances about his plans. This confirmed to Mzwimbi the fears that had been arising as RBZ refused to accommodate banks which had liquidity challenges. The final two months of 2003 noticed rates of interest soar near 900% p.a., with the RBZ watching helplessly. The RBZ had the instruments and capability to manage these charges however nothing was finished to ease…
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