CBZ, Afreximbankink US$50mln deal

CBZ Bank has gone live on the Pan-African Payment and Settle­ment System (PAPSS), providing a payment channel that could support cross-border transac­tions under the newly established ATDC Zimbabwe trade venture.

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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