AfDB bails out Zimbabwe

Zimbabwe’s bid to join the African Trade Insurance Agency (ATI) has received a major boost after the African Development Bank (AfDB) chipped in with $4 million of the money required to get registration, Finance minister Patrick Chinamasa has said.

Zimbabwe requires $15 million as minimum capital subscription to the ATI.

“Government has since secured $4 million from the African Development Bank towards the minimum capital subscription of $15 million.

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