Zimbabwe: Agribank Returns to Profitability

STATE-owned Agribank has returned to profitability, posting a US$8 million profit in 2017 from US$4 million in 2016, two years after the United States of America lifted sanctions on the bank. Agribank was among other companies perceived to have been propping up the regime of former President Robert Mugabe. The Zimbabwe Independent business reporter Tinashe Kairiza (TK) spoke to the Agribank chief executive Sam Malaba (SM) on the bank's efforts to attract offshore credit facilities in the absence of the embargo. Below are the excerpts:

TK: Last year you reported US$8 million profit up from US$4 million in 2016, what has been driving this profit growth?

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