Zimbabwe and Afreximbank are negotiating around a $ 1,5 billion guarantee line that will be designed to protect the funds of foreign investors.
According to the Zimbabwean Central Bank, “this line is intended to reassure potential investors wishing to prospect in Zimbabwe and is part of the policy promoted by President Emmerson Mnangagwa who came to power last November.”
Indeed the new strongman of the country tries to reassure and seduce the foreign investors.
The head of state has already said according to the central bank managed to land a facility 400 million to ensure the payment of critical imports and allow investors to repatriate their funds when needed.
The Central Bank has also announced a series of measures to strengthen the economy, including through increased financial support to smallholder gold producers and tobacco producers.
These two products generate the highest export earnings in the country. The bank also plans to focus on reducing government borrowing from the central bank itself and the rest of the banking sector.
