Lending rates in Zimbabwe are still too high and are prohibitive to the productive sectors, central bank governor Gideon Gono says. This problem is compounded by the aloof attitude of some multinational banks that are not actively supporting the domestic economy and seem to be extending “illegal international sanctions on Zimbabwe”, he said.
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Former British Prime Minister Gordon Brown told Italian Prime Minister Romano Prodi two years ago that the UK would not support the Zimbabwean government until President Robert Mugabe was gone, raising questions as to what the European Union will do next week when the sanctions are due for renewal.
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