Bank pledges support

HARARE - The African Export-Import Bank on Wednesday pledged to support Zimbabwe's productive infrastructure in response to the country's calls for more capital investment.

Speaking at the signing ceremony of the agreement with Zimbabwe’s Ministry of Finance at the just-ended Euromoney Investment Conference, the President of the bank, Jean-Louis Ekra, said his bank’s mandate was to support developmental programs in economies like Zimbabwe.

“For us in the African Export-Import Bank (Afreximbank), this facility reaffirms the bank’s unwavering support to the developmental agenda of Zimbabwe in line with the Bank’s economic and trade development mandate. The bank is therefore pleased to be on the front of yet another financing arrangement that brings much needed financial

resources to keep business open, trade wheels oiled and poverty at bay,” said Ekra.

The investment comes after assurances by Prime Minister Morgan Tsvangirai at the official opening of the conference yesterday that the business situation in the country had improved.

“The facility which is starting with an initial amount of 70 million is also appropriate because it is designed to impact economic activities within and outside the urban areas thereby facilitating a more balanced economic recovery across the country,” added Ekra.

Post published in: Economy

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