Afreximbank donates $1,5m to Cyclone Idai victims

The African Export-Import Bank (Afreximbank) has announced a donation of $1,5 million to victims of Tropical Cyclone Idai, which recently devastated the southern African countries of Mozambique, Zimbabwe and Malawi.

The regional bank has been at the forefront in extending nostro stabilisation and liquidity facilities to Zimbabwe.

Afreximbank president Benedict Oramah said the bank decided to act on the tragedy, given the scale of the devastation wrought about by the cyclone, whose death toll is expected to exceed 1 000 and affected at least 2,5 million people.

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