Absa shows wider African ambitions

Copying and distributing are prohibited without permission of the publisher

01 November 2001

Absa Corporate and Merchant Bank is supporting fertilizer and cocoa sales in Africa with almost $90 million worth of financing for two trade deals.
The first loan is worth $29 million and will allow the Zambian Food Reserve Agency to import fertilizer from Sasol and Omnia in South Africa. The money is designed to help subsistence farmers gain access to fertilizer as well as maize seed. Such farmers make up 80% of the farming community in Zambia.

Already South Africa's largest retail bank, Absa is keen to develop a role as a leading...

You must be logged in to view this page. If you are already a registered user please log in. Alternatively, you can request a free trial or subscribe.

Already have an account?

Subscribers have unlimited access to all current and archive content. Start your subscription today - click on the button below.

Free trial

Taking a free trial will give you access to the latest news and analysis for two days (excluding some surveys and articles). Start your free trial today.