Agribank spends $7m on development programmes

Agricultural Development Bank of Zimbabwe (Agribank) last year used $7,2 million on school development programmes to help the learning institutions develop their facilities and acquire assets, a senior official at the institution said.

Head of retail banking, Divine Ngwenya said the funds are accessed by schools that bank with Agribank and are used for infrastructural development at schools as well as transport facilities.

“Last year we availed $7,2 million in terms of our funding for schools in giving them facilities to buy buses, equipping their laboratories and developing their infrastructure among other projects,” he said last Saturday on the sidelines of the bank’s national schools deposit awards held in Gweru.

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