The BRICS New Development Bank has added Zimbabwe as a member, according to the country’s Finance, Economic Development and Investment Promotion Minister, Mthuli Ncube.
He made the revelation at the Zimbabwe Industrialization Conference and Expo in Zimbabwe’s capital, Harare, where he mentioned that the country is now eligible for crucial credit and funding deals from the Shanghai-based institution.
“And by the way, we are now a member of the BRICS Bank; we can now access credit from the BRICS Bank, which is based in Shanghai,” the Zimbabwean minister stated.
He also noted that the country has already begun working with the institution, which is expected to be pivotal for some of the country’s sectors.
“We are working with many banks to fund our industry, and we recently joined the BRICS Bank, which is a positive step in acquiring credit lines that can power our industry,” he said.
