HomeBusiness

Zim Negotiating With Afreximbank For US$1.5 Billion Loan To Guarantee Foreign Investments

6 years agoWed, 07 Feb 2018 13:55:40 GMT
Share on FacebookShare on TwitterShare on LinkedIn
Zim Negotiating With Afreximbank For US$1.5 Billion Loan To Guarantee Foreign Investments

The Reserve Bank of Zimbabwe (RBZ) is negotiating with the African Export-Import Bank (Afreximbank) to get a US$ 1.5 billion guarantee, to protect investors’ funds. RBZ governor revealed this information when presenting the 2018 Monetary Policy on Wednesday at the Central Bank. According to Mangudya, the guarantee will enhance the confidence of investors as their funds would be protected.

Said Mangudya,

Such guarantees and liquidity support are necessary to protect investors’ funds from country risk, and in doing so, enhancing investor confidence

The Afreximbank is the same institution which is behind the Bond notes which were introduced in 2016. The institution entered an agreement with the government of Zimbabwe, to back the bond notes which are supposed to be trading at par with the United States dollar.

More: Reuters

Latest Samsung Galaxy A05s available on Pindula:
128GB storage, 6GB RAM

$148 USD

WhatsApp +263715068543

 

Tags

0 Comments

Leave a Comment


Generate a Whatsapp Message

Buy Phones on Credit.

More Deals
Feedback