StockMarketWire.com - Anglo African Agriculture said Monday it had completed the proposed provision of a $1m loan to the Kenyan-based port and marine logistics group Comarco.

The 24-month loan to Comacro, first announced on 14 September, would be used to help fund the growth of the company's port and marine logistics business and repay existing debt, Anglo African said.

Anglo African also said it had begun to assist Comarco with its restructuring process.

Both Anglo African's subsidiaries, Dynamic Intertrade and Dynamic Intertrade Agri, continued to show improved performance, the company said.

'I am also delighted that the trading at both our fully owned subsidiary, Dynamic Intertrade (Pty) Ltd as well as our 46.8% owned subsidiary, Dynamic Intertrade Agri (Pty) Ltd, are continuing on their improved trend. We are now well positioned to grow the AAA business significantly and deliver the type of performance our shareholders expect,' said David Lenigas, Non-Executive Chairman.


At 9:57am: [LON:AAA] All Asia Asset Capital Ltd share price was 0p at 2p



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