African Century loan book contracts 47pc

AdvertisementsAFRICAN Century (ACL)’s loan book shrunk by 47 percent during the six months to June 2020 due to early settlements triggered by hyperinflation. Following the reintroduction of the Zimbabwe dollar last year, the government ordered the conversion of balances for assets and liabilities from US dollars to the domestic currency on a 1:1 basis, but…

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