Government of Zimbabwe and Afrexim seek to tap investment through Diaspora bonds

The Zimbabwe Government, working with African Export and Import Bank (Afrexim Bank), will by June have developed a Diaspora bond, which will be issued, and guaranteed by the Egypt-based bank.

A bond is a formal contract in which one borrows money from an investor and pays back that money with interest at fixed intervals.

IAMTN: Diaspora bonds have been talked about for a while now and Israel and India have made some progress in this area. It will be interesting to see how a volatile country like Zimbabwe fares in gaining trust from locals.