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Home » CBZ, Afreximbankink US$50mln deal
Companies & Markets

CBZ, Afreximbankink US$50mln deal

written by Almot Maqolo, Staff Writer 0 comments
CBZ recently acquired 36,35 percent in First Mutual Holdings Limited and its takeover bid of ZB Financial Holdings is pending approval from the Competition and Tariff Commission.
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THE African Export-Import Bank (Afreximbank) has entered into a significant strategic partnership with CBZ Holdings and CBZ Bank, signing a US$50 million facility to support the bank’s short-term financing needs.Despite securing US$115 million from three development finance institutions in 2024, the bank acknowledges that these funds have not been sufficient to address the severe liquidity…

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