EIB, Stanbic partner to boost SMEs

The €20 million facility will provide long-term loans at favourable conditions, enabling SMEs to invest in expansion, innovation, and job creation.

THE European Investment Bank (EIB Global) and Stanbic Bank Zimbabwe have launched a €20 million credit line, offering tailored long-term loans to small businesses.The credit is designed to stimulate economic growth and address the persistent funding challenges local businesses face.The strategic partnership aims to unlock crucial financial resources for small and medium-sized enterprises (SMEs), a…

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