The Pak Banker - - FRONT PAGE -

Zim­babwe has se­cured a $200 mil­lion loan from Africa Ex­port and Im­port Bank (Afrex­im­bank) to im­port maize fol­low­ing a drought that will see 10 per­cent of the pop­u­la­tion fac­ing hunger, the cen­tral bank gov­er­nor said to­day. The South­ern African na­tion of 13 mil­lion peo­ple said early this month it planned to im­port up to 700,000 tonnes of the sta­ple maize this year to avert hunger as the El Nino weather pat­tern brings poor rains and af­fects crops. "We have ar­ranged a fa­cil­ity of $200 mil­lion from Afrex­im­bank and we will be im­port­ing from any­where in the world," John Man­gudya was quoted say­ing by state ra­dio.

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