AFC launches US$9m credit facility

AFC reported a profit before tax of ZiG21,4 million, a notable turnaround from the previous year’s loss before tax of ZiG258,6 million

AFC Commercial Bank (AFC Bank) has availed a US$9,6 million line of credit facility to support smallholder farmers, rural enterprises and value chain actors across the country under the Smallholder Agriculture Cluster Project (SACP).AFC Bank, a subsidiary of AFC Holdings, was established following the restructuring of Agribank in 2021 and is wholly owned by Mutapa…

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