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Afreximbank powers Zesa with US$210m facility

Zimbabwe's power utility, Zesa Holdings, has secured a US$210 million financing facility from Afreximbank, aimed at strengthening the country's electricity infrastructure and importing additional power. The agreement, concluded on the side…

Published: 11 Sep 2025 at 09:53hrs | 28 | by Staff reporter

Zimbabwe in top five of Afreximbank borrowers

Zimbabwe has emerged as one of the top five borrowers from the African Export-Import Bank (Afreximbank), highlighting its growing reliance on the regional lender at a time when global credit assessors are warning of escalating debt vulnera…

Published: 06 Sep 2025 at 19:53hrs | 73 | by Staff reporter

Harare to host Intra-African Trade Fair headquarters

Harare has been selected to host the headquarters of the Intra-African Trade Fair (IATF), in a landmark move to transform Africa's biggest trade fair platform into a standalone institution.The IATF was established by the African Export-Imp…

Published: 05 Sep 2025 at 07:23hrs | 164 | by Staff reporter

Afreximbank backs Lake Kariba floating solar project

Businessman Eddie Cross's company, Green Hybrid Power Private Limited, has signed a landmark multimillion-dollar funding agreement that will pave the way for the development of a pioneering floating solar photovoltaic power project on Lake…

Published: 24 Jul 2025 at 09:28hrs | 256 | by Staff reporter

Afreximbank exposes US$2,4 billion hole in Zimbabwe external debt

The African Export-Import Bank (Afreximbank) has revealed a significant US$2.4 billion discrepancy in Zimbabwe's official external debt data, raising fresh concerns over the credibility of the country's fiscal reporting and debt management…

Published: 30 May 2025 at 12:09hrs | 220 | by Staff reporter

Zimbabwe to get share of US$300m Afreximbank dividend

The Zimbabwean government is set to receive a significant payout from Afreximbank's recently declared US$300 million dividend, following the bank's exceptional financial performance in the year ending December 31, 2024.Afreximbank reported…

Published: 16 Apr 2025 at 23:22hrs | 151 | by Staff reporter

Afreximbank to inject US$1bn into Zimbabwe economy

The African Export-Import Bank (Afreximbank) has announced a substantial financial commitment of US$1 billion to support Zimbabwe's economic growth, with funds allocated to various sectors in both the public and private spheres. This commi…

Published: 14 Nov 2024 at 09:21hrs | 201 | by Staff reporter

Masiyiwa receives Afreximbank award

STRIVE Masiyiwa, the founder and chairperson of the Econet Group and Cassava Technologies, has expressed his appreciation at the recognition he received at the Afreximbank's Pan-African Business and Development Awards during the bank's 30t…

Published: 25 Jun 2023 at 18:21hrs | 27 | by Staff reporter

US$4 billion mystery in Afreximbank, Zimbabwe deals

SHARP differences emerged between Zimbabwean authorities and the Africa Exportâ€“Import Bank (Afreximbank) on Friday over the value of loans extended by the regional lender to Harare.During a ceremony to hand over land on which Afreximbank…

Published: 28 Nov 2021 at 08:02hrs | 12 | by Staff reporter

Mnangagwa mortgages Zimbabwe to Afreximbank

President Mnangagwa yesterday successfully negotiated a fresh financial package for Zimbabwe from the African Export-Import Bank (Afreximbank) after meeting the bank's chairperson, Professor Benedict Okey Oramah. The President met Prof Ora…

Published: 30 Aug 2019 at 08:05hrs | 772 | by Staff reporter

Afreximbank grants Zimbabwe interbank forex trade loan

Cairo-based Africa Export and Import Bank (Afreximbank)  has extended an undisclosed amount in lines of credit to Zimbabwe's interbank foreign exchange trading  to stabilise the forex supply in the economy and address liquidity c…

Published: 24 Mar 2019 at 18:55hrs | 23 | by Staff reporter

Afreximbank avails $255m letters of credit to Zimbabwe

The African Export Import Bank (Afreximbank) has availed US$255m letters of credit to Zimbabwe for fuel imports and the production of basic commodities in a bid to ensure adequate input supplies to the local market.The letters of credit (L…

Published: 07 Feb 2019 at 08:06hrs | 2 | by Staff reporter

Afreximbank loan: A case of reckless credit granting

It is now public knowledge that our country is largely depending on debts. We have accumulated so much debts mainly because we are not producing anything. Our local and foreign debt stands at 13 billion. We have so many creditors that we a…

Published: 22 Oct 2018 at 06:53hrs | 701 | by Walter Nyabadza

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