Absa to expand its agriculture loan book in Africa

  JOHANNESBURG – Absa Corporate and Investment Bank (CIB) yesterday said that it planned to expand its agriculture loan book to countries such as Ghana, Kenya, Tanzania, Uganda and Zambia, due to good long-term growth prospects in the rest of the continent. Absa CIB agriculture head Roux Wildenboer said the lender wanted to grow its footprint in both its domestic market and the rest of the continent due to strong demand. “Agricultural debt is relatively higher than it was in recent history and the ability of agricultural businesses to borrow…

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