NMB secures US$100m offshore credit line

The strategic acquisition cements NMBZ’s regional expansion strategy with a footprint in about seven African markets.

NMB Bank Zimbabwe Limited (NMB) says it is closing in on deals cumulatively worth US$100 million in credit lines offshore, for on-lending to productive sectors of the economy this year.In the 2024 fiscal year, NMB raised over US$65 million in funding from offshore developmental finance institutions (DFIs), reflecting its ability to secure substantial financial resources…

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