President launches AFC Holdings

Farirai Machivenyika Senior Reporter
President Mnangagwa has today launched the Agricultural Finance Company Holdings, formerly Agribank.

The AFC Holdings has four subsidiaries: AFC Commercial Bank, AFC Insurance, AFC Land and Development Bank, and AFC Leasing Company.

The new institution will provide funding across the whole agriculture value chain from communal to large-scale farmers.

In his remarks, the President said the institution was key to the recovery of the agriculture sector.

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