The Sunday News
THE Afreximbank has availed a US$1,5bn stabilisation facility to Zimbabwe which is expected to mitigate against the perceived risk associated in investing in the country.
The facility, known as the Zimbabwe Open Facility was signed on Friday by Reserve Bank of Zimbabwe Governor Dr John Mangudya and Afrixembank President Professor Benedict Okay Oramah on the sidelines of the on-going Intra African Trade Fair here in Cairo, Egypt.
The facility will include the US$500m Nostro Stabilisation Facility and US$1bn investment guarantee facility.
ALL SHARE
The All Share index continued in the downward trend losing 2.10 points (1,35 percent) to settle at 153.22 points. Delta lost $0,1077 to end at $3,0423, Econet eased $0,0316 to end at $1,5472 and Amalgamated regional trading shed $0,0170 to $0,0880. Afrisun dropped $0,0100 to close at $0,0900 while SeedCo closed at $1,9900 after losing $0,0099.
Old Mutual limited put on $0,0155 to trade at $8,2155, SeedCo international limited gained $0,0075 to $1,7100 and rainbow tourism group went up by $0,0039 close at $0,0239. Innscor shifted up by $0,0022 to settle at $1,8978 while Simbisa inched up by $0,0002 to close at $0,7425.
