Staff Reporter

CBZ Bank has secured a US$20 million revolving line of credit from the Eastern and Southern African Trade and Development Bank Group (TDB Group) to support Zimbabwean export-oriented firms, a significant move that is expected to strengthen the country’s export sector and enhance economic growth.

Staff Reporter

TIME Bank of Zimbabwe (Time Bank) has put forward a proposal to offer a syndicated loan of US$35 billion to the Government of Zimbabwe. The proposed loan is intended to finance compensation for 10 key groups, including previous farm owners, as well as contribute to the resolution of sovereign debt, according to a statement from the bank.