THE African Export-Import Bank has set aside US$400 million to help Zimbabwean companies that want to expand their operations on the continent.
The lender has already assisted Econet Wireless, the country’s biggest telelcommunications operator, with expansion plans, Afreximbank Vice President Denys Denya said Monday at a Southern African Development Community meeting being held in the capital, Harare.
The Cairo-based lender has been one of Zimbabwe’s biggest creditors, mostly through mineral-backed concessional loans, even as the country faced political and economic turmoil over the past two decades. – Bloomberg