HomeNewsAMA seeks $20 million for soya beans

AMA seeks $20 million for soya beans

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CBZ Bank is in the process of floating Agriculture Marketing Authority (AMA) bills to raise $20 million to fund soyabean production.

The bills with a tenor of 270 days will attract a minimum offer of $10 000.

“Agriculture Marketing Authority intends to raise $20m through the issue of AMA bills to finance the production of soya beans which has ready off-takers.

CBZ Bank Ltd hereby invites investors, including, but not limited to, pension and provident funds, insurance companies, life mutuals, commercial banks and other interested institutions as well as individuals in Zimbabwe to subscribe to AMA bills,” said CBZ and AMA in a statement .

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