Agribank's chief executive officer, Mr Sam Malaba, told delegates during last week's annual general meeting that the sourcing of the funds is part of efforts to deepen Agribank's support for agriculture. "As part of efforts to expand support to agriculture, the bank has secured $10 million from Afreximbank to support exporters, agro-processors and value addition.”
Allafrica.com explains how the Zimbabwean government is actively supporting exporters, in an attempt to generate more foreign currency. The nation is battling foreign currency shortages, which have led to delays in raw material and/or spare parts deliveries from other countries.
