Afreximbank injects US$15 million for local SMEs

THE African Export-Import Bank (Afreximbank) has extended a US$15 million finance facility to Ecobank Zimbabwe to support small and medium enterprises (SMEs) operating within export value chains under its Export SME Development Programme (ESDP). The facility would provide both working capital and capital expendi­ture financing to SMEs across key sectors of the economy, including agribusiness,…

Subscribe to read full article. Subscribe today

Read more

Zero tariff policy boosts economy

CHINA’s ambassador to Zimbabwe Zhou Ding says his country’s new zero-tariff policy on imports from African countries will help boost Zimbabwe’s exports and strengthen economic cooperation between the two nations. Speaking during a cultural exchange event showcasing China’s Dunhuang culture in Harare yesterday, Zhou said bilateral trade and investment between the two countries continued to…

Subscribe to read full article. Subscribe today

Read more

Varsities must drive innovation goals — Hungwe

LOCAL universities must rise be­yond their traditional teaching role and become incubators of practical solutions to the country’s pressing socio-economic challenges, Public Service Commission chairperson Vincent Hungwe has said. Speaking at a University of Zimbabwe Public Service Commis­sion Lecture in Harare yesterday, Hungwe said institutions of higher learning should be at the centre of developing…

Subscribe to read full article. Subscribe today

Read more

AfDB approves US$4 million grant for Zimbabwe debt clearance

The African Development Bank Group (AfDB) has approved a US$4 million grant to support Zimbabwe’s efforts to clear its debt arrears and re-engage with the international financial community. The funding will finance the Zimbabwe Arrears Clearance Dialogue Enhancement Project (ZACDEP), aimed at strengthening dialogue and reforms needed to advance the country’s arrears clearance process. “This…

Subscribe to read full article. Subscribe today

Read more

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Read More