Mnangagwa Clinches “Mega Deal” With Bond Notes Bank
29 August 2019

State Media|President Mnangagwa on Thursday successfully negotiated a fresh financial package for Zimbabwe after meeting African Export – Import Bank (Afreximbank) president Professor Benedict Okey Oramah on the sidelines of the Tokyo International Conference on African Development (TICAD) summit underway in Yokohama.
Afrimaxmbank is famous in Zimbabwe for guaranteeing the out of favour Bond Notes.
The Bond notes were introduced in November 2016 backed by a $200 million loan from Afreximbank.
The small denomination notes and coins have no value outside Zimbabwe.
Details of the the “mega deal” are still sketchy at the moment.
More details to follow…