CBZ, Afreximbankink US$50mln deal

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.

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.AdvertisementsDespite 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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