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Afreximbank

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    • Haytham El Maayergi, Executive Vice President, Global Trade Bank, Afreximbank (left) and Mrs. Smangele Mandidi, Acting Managing Director of CBZ Bank during the signing ceremony (1)
    • Haytham El Maayergi, Executive Vice President, Global Trade Bank, Afreximbank (left) and Mrs. Smangele Mandidi, Acting Managing Director of CBZ Bank during the signing ceremony (2)
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Source: Afreximbank |

Afreximbank signs two deals totaling US$80 million for Zimbabwe’s CBZ Bank

The line of credit facility will strengthen financial intermediaries’ capacity to support SMEs through financing product and capacity building

In two deals signed at the recently concluded Afreximbank Annual Meetings, African Export-Import Bank (Afreximbank) (www.Afreximbank.com) is providing a US$60 million line of credit and a US$20 million Afreximbank Trade Facilitation Programme (AFTRAF) facility to CBZ Bank Limited, Zimbabwe’s largest bank. The line of credit facility will strengthen financial intermediaries’…

Afreximbank

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    • Afreximbank and FCI’s regional factoring conference in Zimbabwe attracts over 200 participants
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Source: Afreximbank |

Afreximbank and FCI’s regional factoring conference in Zimbabwe attracts over 200 participants

Co-organised in collaboration with FCI, the global body for factoring, the conference provided a platform for in-depth discussions and strategic initiatives to promote and enhance factoring within the Southern Africa region

In its ongoing commitment to establish factoring as a viable financing solution for Africa’s small and medium-sized enterprises (SMEs), thus bolstering their participation in intra-regional trade and industrialisation, the African Export-Import Bank (Afreximbank) (www.Afreximbank.com) and FCI recently held a two-day factoring conference in Harare. Centred on the overarching theme of…