Afreximbank president, Prof Benedict Oramah signed a Memorandum of Agreement on the Facility for Investment Promotion for Zimbabwe Open to the value of US$1,5 billion.
The deal was signed this Friday, Afreximbank headquarters in Cairo, Egypt. RBZ, John Mangudya who signed the deal on behalf of Zimbabwe. Speaking to ZBC News Mangudya said:
The US$1,5 billion Afreximbank stabilisation facility to Zimbabwe is expected to mitigate against the perceived risk associated in investing in the country. US$1 billion will be in the form an investment guarantee while US$500 million funds the Transitional Stabilisation Programme (TSP).
The Reserve Bank of Zimbabwe (RBZ) is the central bank of Zimbabwe. Its offices are located at number 80 Samora Machel Avenue in Harare. The Reserve Bank of Zimbabwe operates under the Reserve Bank of Zimbabwe Act, Chapter 22: 15 of 1964. The Act provides... Read More About RBZ
John Panonetsa Mangudya is an economist and the current Reserve Bank of Zimbabwe governor. Mangudya, who sits on many local and international boards .He was made RBZ governor after the expiry of Gideon Gono's term in 2014. He had been CBZ Holdings Ltd Chief Executive... Read More About John Mangudya
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