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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 wants to consolidate market dominance and expand into a regional bank.
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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…

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