AFC unlocks US$5 million from land bank

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 Holdings (AFC) has raised over US$5 million by leveraging its extensive land holdings for productive use, as it seeks to bolster capital and expand its loan book.Advertisements The agricultural financier was in 2022 provided 10 000 hectares of land by the government to capitalise its operations. A further 30 000 hectares was promised. “The…

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