African Development Bank and NMB Bank Zimbabwe sign a $15m Trade Finance Transaction Guarantee Facility to empower Zimbabwean SMEs and agribusiness.
African Development Bank and NMB Bank Zimbabwe sign a $15 million Trade Finance Transaction Guarantee Facility to empower Zimbabwean SMEs and those in agri-business and trade distribution value chains. The facility, approved in November 2023, offers up to 100% coverage to confirming banks, mitigating non-payment risks linked to NMB Bank's trade transactions. It aims to support trade between Zimbabwe and other African countries and with overseas markets.
March 17, 2024
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