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First Capital Bank (FCB) secured new lines of credit from the African Export-Import Bank (Afreximbank) for a total of USD 20 million. This comes after the bank successfully utilised a EUR12.5 million line of credit from the European Investment Bank (EIB). This is contained in the bank’s audited financial results for the year ended December 31, 2023.
A project that aims to develop Zimbabwe’s biggest platinum mine has cleared a significant hurdle, with the African Export-Import Bank completing a due diligence study allowing it to proceed with a $500 million syndicated funding program.
The African Export Import Bank (Afreximbank) says it is finalising a $500 million loan facility for Zimbabwe, to help secure the foreign-currency starved southern African country’s imports.
The African Export-Import Bank (Afreximbank) has confirmed holding talks with a Zimbabwean delegation led by Finance and Economic Development Minister Professor Mthuli Ncube in connection with a $500-million nostro stabilisation facility.
HARARE – The African Export-Import Bank (Afrexim) on Saturday gave Zimbabwe a $100m loan to allow its central bank to set up an inter-bank market for the first time in five years, which would allow the apex bank to influence interest rates.
To boost access to trade finance, the African Export-Import Bank (Afreximbank) has entered into an agreement with Zimbabwe to introduce a facility and associated instruments to alleviate the liquidity challenges confronting the financial sector.