Afreximbank upgrades Zimbabwean mines

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23 February 2010

Africa’s Export-Import Bank (Afreximbank) has unveiled a financing package for Zimbabwe’s gold and platinum mines.

Africa’s Export-Import Bank (Afreximbank) has unveiled its $150 million precious metals export backed prepayment facility for gold and platinum mines in Zimbabwe.The facility is available to Zimbabwean gold and platinum producers to upgrade the infrastructure of their mines.Afreximbank regional manager for Southern Africa, Gift Simwaka, commented that the disbursements are designed to support capital and operational expenditure,...

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