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Malaysia – Zimbabwe’s Agribank Welcomes Removal Of US Sanctions

by on April 29, 2013

Zimbabwe Election: Latest News & Voting Information

HARARE, Zimbabwe, April 29 (Bernama) — Agribank on Sunday said its removal from sanctions by the United States of America will allow it to access lines of credit to fund the agriculture sector.

The US recently removed sanctions it had imposed on the Agricultural Development Bank (Agribank) and the Infrastructure Development Bank of Zimbabwe.

Agribank divisional director for strategy, marketing and business development Joseph Mverecha told New Ziana that operating under sanctions was detrimental to operations as the bank lost millions of dollars through using third parties to conduct transactions.

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