AfDB mobilises US$40m for local businesses

The AfDB said its commitments to Zimbabwe have now reached US$177 million, with US$137 million directly supporting public sector projects.

THE African Development Bank (AfDB) says it has mobilised over US$40 million to catalyse growth in Zimbabwe’s private sector through lines of credit and trade finance facilities.The lender said the funding has been instrumental in unlocking growth opportunities for small and medium-sized enterprises (SMEs).The AfDB said its commitments to Zimbabwe have now reached US$177 million,…

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