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>> ZIMBABWE Latest News

MAR 22, 2014 - Yahoo! News

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African bank loans Zimbabwe $100 million to ease credit crunch

The African Export-Import Bank on Saturday announced a $100 million (72 million euro) loan to Zimbabwe's banking sector to ease a credit crunch that has deepened the country's economic woes. "It is a well-known fact that the Zimbabwean banking sector and economy at large are currently experiencing severe liquidity challenges," president Jean-Louis Ekra of the Cairo-based bank said at a ceremony to launch the loan in Zimbabwe's capital Harare. "The facility is intended to alleviate the liquidity challenges in order to promote the proper function of the economy of ... Read More

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