Gideon Gono fears ‘financial isolation’ for Zimbabwe

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Gideon Gono, the Reserve Bank of Zimbabwe governor, this week delivered the second part of his broadside against efforts to force foreign-owned banks to sell majority ownership to local people, highlighting the economic costs of alienating foreign capital.

Gono argued that, as the central bank's governor, he had a duty to "raise the flag of caution" against the "rusted, unstructured and one-size-fits-all approach" to the implementation of Zimbabwe's Indigenisation Act.

He observed that a

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