Zim Central Bank freezes banking accounts amid clamp down on foreign exchange black market activities

PUBLISHED: Fri, 27 Sep 2019 10:50:16 GMT


Zimbabwe’s central bank has frozen the accounts of the country’s largest fuel supplier, Sakunda Petroleum and car dealership, Croco Motors. The governments clamp down on fraud is also moving into bigger sectors with the securities and exchange commission of Zimbabwe launching an anti- money laundering campaign. Joining CNBC Africa for more is Batanai Matsika, Head of Research at Morgan & Co.

Get the best of CNBC Africa sent straight to your inbox with breaking business news, insights and updates from experts across the continent. Sign up here.