Finance Minister Mthuli Ncube
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Zimbabwe borrowed US$1,4bn to prop up economy

ZIMBABWE borrowed US$1,4 billion from the African Export and Import Bank (Afreximbank) since 2017 to finance acquisition of strategic commodities, currency reforms and prop up the economy. According to an extra-ordinary Government Gazette published at the weekend, the Reserve Bank of Zimbabwe (RBZ) contracted three loans with Afreximbank since 2017 that were guaranteed by the…

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