Zimbabwe: NMB Puts Plans On Hold

LISTED financial institution, NMB Bank has put on hold plans to raise about $5 million mainly from pension funds to provide loans to small and medium enterprises after the bank managed to raise "more attractive" funds from other sources.NMB executive director (Treasury), Mr Felix Mangozho confirmed the development to the Herald Busines that the reason behind the move was that the bank managed to raise more attractive funds from other sources.

Mr Mangozho could, however, not specify the amount raised as well as the source of the money.

...

AllAfrica publishes around 400 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.