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POSB ordered to ‘open vaults’ to Mnangagwa’s handpicked new investors

Summary by The Zimbabwean
Sold … POSB has been sold to the Hebrew Investment Group HARARE – President Emmerson Mnangagwa has ordered the sale of the People’s Own Savings Bank (POSB) to a consortium fronted by Zanu PF-supporting cleric Morris Brown Gwedegwe, against advice from the Zimbabwe Investment and Development Agency which questioned the source of funds for his Hebrew Investment Group, ZimLive can reveal. The POSB, now under the Mutapa Investment Fund, is one of a…
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Zimbabwe Situation broke the news in on Thursday, February 20, 2025.
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