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Afreximbank upgrades Zimbabwean mines

23 February 2010

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

Read more: [Afreximbank Zimbabwe mines] [Afreximbank precious metals facility] [Afreximbank Zimbabwe credit facilities]

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,...


Poll

Credit insurers have withstood the crisis admirably settling a high number of claims during 2009. If you are actively involved in trade transactions what percentage of your deal book now enjoys some political or credit risk cover from private insurers?

75% to 100%
33%
50% to 75%
30%
25% to 50%
9%
25% or less
10%
I don’t use private credit insurers
18%

Quote

You ignore LCs at your peril as a trade bank.

Mark Evans, ANZ - Banks examine the bigger trade picture - April 2010