The African Export-Import Bank and Zimbabwe’s Central Africa Building Society have agreed to a USD 40 million trade finance facility during the #IATF2023 in Cairo, Egypt.

The initiative, spearheaded by Afreximbank’s Executive Vice President, Finance, Administration and Banking Services (FABS), Denys Denya, and Mr. Mehluli Mpofu, CABS Managing Director, aims to enhance Zimbabwe’s agricultural, mining, and manufacturing sectors.

The deal is expected to benefit around 573 small to medium enterprises over three years, with 75% of these being women- and youth-led.

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