Bank suspended


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Finance Minister Tendai Biti today announced that he had fired the board of directors and management of Renaissance Merchant Bank Limited because of serious governance issues. Biti said Renaissance will not be allowed to do banking business until allegations that it has flouted principles of corporate governance are settled.

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Charles Rukuni
The Insider is a political and business bulletin about Zimbabwe, edited by Charles Rukuni. Founded in 1990, it was a printed 12-page subscription only newsletter until 2003 when Zimbabwe's hyper-inflation made it impossible to continue printing.

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