Afreximbank concludes package of loans valued at US$190 million for Zimbabwe’s CBZ Bank
A second facility, a US$20-million dual-tranche SME finance facility, will support CBZ Bank Limited by strengthening its capacity to support Small and Medium Enterprises (SMEs) engaged in trade and other trade-related activities.
The first facility is a US$150-million revolving trade finance facility for CBZ Bank Limited, enabling it to provide funding and letters of credit support to companies in Zimbabwe, helping bridge the trade finance gap in Africa.
By Udeme Akpan African Export-Import Bank (Afreximbank) has concluded financing facilities totaling US$190 million for CBZ Bank Limited of Zimbabwe, which is expected to support Zimbabwe’s economic growth.
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