Speaking after paying a courtesy call on President Emmerson Mnangagwa at his Munhumutapa offices today, the bank’s president and chairman of the board of directors who led the Afreximbank delegation, Dr Okey Oramah said the $600 million nostro stabilisation facility extended to the country to meet the forex requirement for productive foreign payments had also been finalised. The funds will support the productive sector through banks and the mining sector, especially the gold sector, as well as the retooling of the manufacturing sector, among other industries.
“We are here to extend congratulations to President Mnangagwa and also reaffirm our continued support for the Government and people of Zimbabwe under his leadership. We discussed various areas where we have been intervening and will continue to intervene,” said Dr Oramah.- state media
Post published in: Business
All investment dividends and genuine forex applications need to be met and honoured by the RBZ/commercial banks to get the banking gridlock released and get the economy working again. This is a priority to economic confidence (Trust!!) and a return to normality and only then a chance to grow the economy and gain investor confidence.