Zimbabwe's POSB secures $10M credit line from Afreximbank for trade facilitation, aiming to support imports, enhance production, and add value to exports.
Zimbabwe's POSB, a state-owned bank, secured a $10M credit line from Afreximbank for trade facilitation, planning to obtain another $10M in offshore credit by year-end. The funds will be used to support imports, enhance production, and add value to exported goods. POSB aims to assist clients in transitioning to a green energy environment, aligning with sustainable development goals.
July 25, 2024
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