Agribank tender refloated

The government has re-advertised the financial advisor’s tender for Agribank after the initial process was cancelled under unclear circumstances amid reports the development could delay the bank’s restructuring exercise.

Agribank is among 10 parastatals the government earmarked for privatisation in 2010. The first tender was floated in March this year through the State Procurement Board scouting for legal and financial advisors to undertake the restructuring exercise.

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