Agribank, FBC to raise $20m for agric

STATE-OWNED agro-lender, Agribank and FBC are going into the market to raise $20 million for the 2017/18 agricultural cropping season.

This development follows the permission by government last month for the two banks to float agro-bills aimed at raising funds for on-lending to farmers.

A cumulative total of $65 million has been raised for agriculture by the two banks as part of an ongoing business partnership since 2010.

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