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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 | | by Staff reporter

ZB Bank secures US$5 million Afreximbank facility

ZB Bank Limited has secured a US$5 million loan facility from the African Export-Import Bank (Afreximbank), aimed at supporting small and medium enterprises (SMEs) in Zimbabwe, particularly those engaged in export-related activities.The ag…

Published: 30 Jun 2025 at 13:07hrs | 137 | by Staff reporter

Zimbabwe to benefit from AfDB's US$40m Mozambique facility

THE African Development Bank's (AfDB) US$40 million loan to Mozambique's State-owned rail and port authority, Portos e Caminhos de Ferro de MoÃ§ambique EP (CFM), will help neighbouring countries, including Zimbabwe, the regional bank has s…

Published: 09 Feb 2024 at 06:59hrs | 13 | by Staff reporter

'US$400m facility won't stabilise Zimbabwe economy'

OLD Mutual Investment Group (OMIG) says the US$400 million funding secured by the government from the African Export-Import Bank (Afreximbank) is insufficient to restore stability to the local currency.Last month, Reserve Bank of Zimbabwe …

Published: 19 Jul 2023 at 06:43hrs | 14 | by Staff reporter

Zimbabwe civil servants abuse car import facility

THE Government has expressed concern over the continued abuse of the duty-free car import facility for civil servants amid revelations that more than 14 000 vehicles have been unprocedurally imported through the scheme.Speaking on the side…

Published: 16 Jul 2023 at 09:15hrs | 22 | by Staff reporter

Zimbabwe launches US$10 million gold facility

Prospects for increased gold production received a boost yesterday when Finance and Economic Development Minister, Professor Mthuli Ncube launched a US$10 million gold fund targeting small-scale and artisanal miners with half going towards…

Published: 16 Feb 2023 at 04:50hrs | 168 | by Staff reporter

Big brands troop into Victoria Falls facility

A STRING of the country's big brands, including fast food outlets, has stampeded into Zimre Property Investments' Sawanga Mall in Victoria Falls, helping the top end real estate gem notch 95% occupancy rates, according to managing director…

Published: 28 Dec 2020 at 07:32hrs | 6 | by Staff reporter

UK-based school crowdfunds for Mat South boarding facility

A UNITED KINGDOM-BASED school, Christs Hospital in Horsham, West Sussex, has launched a crowd-funding campaign to raise funds for the construction of Advanced Level boarding facilities at Kafusi High School in Matabeleland South Province.A…

Published: 04 Feb 2019 at 08:10hrs | 9 | by Staff reporter

RBZ increases gold support facility

Buoyed by sterling performance of the gold sector last year, the Reserve Bank of Zimbabwe (RBZ) has increased the gold support facility to $150 million from $74 million that had been disbursed by December 31, last year.The sector delivered…

Published: 12 Feb 2018 at 05:40hrs | 242 | by Staff reporter

RBZ seeks $500 million facility

The Reserve Bank of Zimbabwe (RBZ) is seeking a $500 million facility to cover the foreign currency gap that will widen when the 2017 tobacco marketing season closes.Tobacco is Zimbabwe's top foreign currency earner, accounting for at leas…

Published: 13 Jul 2017 at 07:22hrs | 19 | by Staff reporter

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