Zim to benefit as Afreximbank pledges US$40 billion for continental trade

Source: Zim to benefit as Afreximbank pledges US$40 billion for continental trade | Herald Africa

President Mnangagwa follows proceedings at the IATF summit in Durban, with other Head of States.

Kuda Bwititi in Durban, South Africa

Pan African financier Afreximbank will inject US$40 billion in the next five years to support intra- African trade, with Zimbabwe expected to be one of the beneficiaries.

Afreximbank President Benedict Oramah made the announcement at the Intra African Trade Fair (IATF) underway in Durban South Africa.

President Mnangagwa follows proceedings at the IATF summit in Durban, with other Head of States.

President Mnangagwa is one of the African Head of States attending the mega event.

In his remarks, Prof Oramah said more than 500 African banks will benefit from the facility.

While recognising President Mnangagwa in his salutations, Prof Oramah described Zimbabwe as his second home.

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