Agribank records 155% rise in profit despite tough economic environment

ZIMBABWE – The Agriculture Bank of Zimbabwe Limited (Agribank) has recorded a historic jump in profit of 155% for the year ended December 31, 2019 from $13million recorded in the previous year to $33 million, despite the challenging economic environment. The year 2019 was a tough year for many businesses in the country and the economy at large as it had a lot of challenges such as inflationary pressures and the depreciation of the local currency against major currencies. This was as a result of the monocurrency system that the Government…

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