Ocnus.Net
News Before It's News
About us | Ocnus? |

Front Page 
 
 Africa
 
 Analyses
 
 Business
 
 Dark Side
 
 Defence & Arms
 
 Dysfunctions
 
 Editorial
 
 International
 
 Labour
 
 Light Side
 
 Research
Search

Business Last Updated: Dec 13, 2017 - 9:45:32 AM


Afreximbank to loan US$1.5B to Zimbabwe
By FurtherAfrica, 12/12/17
Dec 13, 2017 - 9:43:10 AM

Email this article
 Printer friendly page

The African Export Import Bank (Afreximbank) said they will avail a loan to the tune of $1.5 billion to Zimbabwe to assist with the economic recovery process.

The president and chairman of Afreximbank Okey Oramah visited president Mnangagwa here in Harare. The bank pledged to continue to support Zimbabwe as they have even when the country was persona non grata (or simply unwelcome, got to learn something new) in the west.

The bank did not just avail the $1.5 billion loan but will also provide guarantees to foreign investors coming to the country. The bank realises that there may be still be a negative sentiment in foreign investors because of the history of our beloved country. The guarantees should serve to remove country risk for investors and will likely encourage them to come.


Source:Ocnus.net 2017

Top of Page

Business
Latest Headlines
Shale Gluts and Ship Rules Make Heavy Sweet Oil an Unlikely Star
US Becomes a Net Oil Exporter for First Time in 75 Years
Morgan Stanley Predicts Ford to Cut 25,000 Jobs in Overhaul
Trump Takes On General Motors—Guess Who'll Win?
Potential Hot Spots: Chinese Republic Of Venezuela
President Emmanuel Macron’s EU Reform Plan: Appraisal and Prospects
Guinea Bauxite Miner to Build New Railway in $3 Billion Deal
Rising recession risk leaves Europe acutely vulnerable to no-deal Brexit shock
First Open Water Ship-To-Ship Transfer Complete for Yamal LNG
Turkey Warns Exxon Not to Drill in Cypriot Waters