AFDB approves US$25 million loan facility for Zim firms.
The African Development Bank Group currently supports 13 initiatives in Zimbabwe valued at $144 million.
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The African Development Bank Group currently supports 13 initiatives in Zimbabwe valued at $144 million.
ABIDJAN, Ivory Coast,-- The Board of Directors of the African Development Bank Group (www.AfDB.org/en) has approved a $25 million trade finance line of credit facility to the Central Africa Building Society of Zimbabwe, to be used to boost local firms and small and medium-sized enterprises. This facility will enhance foreign currency liquidity support for the…
Zimbabwe: African Development Bank approves $25 million trade finance line of credit for Central Africa Building Society
Over the next three years, the facility will catalyze more than $200 million of trade finance transactions.