The Zimbabwean unit of Standard Bank has come to the rescue of the country's foreign currency-starved export market producers by availing a facility to cover up to 60% of their working capital needs. Zimbabwean manufacturers have been unable to pay for imported raw materials and equipment for their operations, owing to a crippling forex crunch bedevilling the country.
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Source link : http://www.topix.com/world/zimbabwe/2018/05/zimbabwe-standard-bank-to-the-rescue-as-exporters-struggle?fromrss=1
Publish date : 2018-05-04 17:48:46