In welcoming the development, Professor Ncube said the
“granting of the commercial loan facility by Gemcorp is a strong signal by
foreign investors of their growing confidence in Zimbabwe.”
The loan facility will be used to finance the importation
of essentials goods and services including electricity, fuel and medicines.
RBZ Governor, Dr John Mangudya said “the line of credit is
coming at an appropriate time to shore up foreign currency liquidity after the
end of the tobacco selling season.”
Gemcorp Group founder and CEO, Atanas Bostandjiev said the
facility will finance and coordinate the delivery of essential goods to help
support the Zimbabwean economy.
Gemcorp Group focuses on emerging markets with a special
interest in Sub-Saharan Africa, Latin America and Eastern Europe. zbc
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