CBZ Holdings has secured a US$170 million line of credit from the African Export-Import Bank (Afreximbank), marking a significant expansion of its funding capacity for productive sectors in Zimbabwe.
The facility includes a dedicated US$80 million tranche specifically earmarked for productive industries, with US$20 million of that amount reserved for small and medium-sized enterprises (SMEs).
The bank also announced several major mining finance deals, leveraging the new liquidity to support capital-intensive projects in the extractive sector.
The move underscores a broader trend among African financial institutions to deepen ties with multilateral development banks to fund infrastructure and industrial growth.
By securing this credit line, CBZ Holdings positions itself to capitalize on Zimbabwe's mining potential while addressing the chronic credit gap for SMEs, which are often underserved by traditional commercial lending due to perceived risk.
This development aligns with a wider regional push for capital mobilization.