Zim secures $1,5bn  Afreximbank facility

NDAMU SANDU IN CAIRO, EGYPT Zimbabwe’s bid to lure foreign investors received a major boost after it signed an memorandum of agreement with the African Export-Import Bank (Afreximbank) for a facility valued at $1,5 billion which provides guarantees to investors. The facility includes $500 million to stabilise the nostros amid a biting foreign currency challenge. The guarantee comes under…