Zimbabwe: RBZ Brings in $1,3bn Off-Shore Loans

THE Reserve Bank of Zimbabwe (RBZ) has between November 2017 and May this year successfully negotiated for $1,3 billion off-shore loans to support the economy, an official said yesterday. Speaking during a ZimTrade-Banks breakfast seminar in Bulawayo, RBZ financial markets division principal analyst Mr Tapiwa Furusa said the $1,3 billion offshore funding was one of the initiatives aimed at bolstering local production and promoting exports.

The funding has been secured from AfreximBank and Trafigura, which is one of the world's leading independent commodity trading and logistics houses.

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