We are very excited by our approach to the SMEs sector where things are happening…Our approach is to look at all the sectors where SMEs are involved such as agriculture, poultry and manufacturing and provide funding to them. CBZ CEO Mr Never Nyemudzo on the launch of the facility
CBZ Business Banking Division was allocated US$ 10 million for onward lending to viable Small to Medium Enterprises throughout Zimbabwe. The fund is meant to boost production capacity in industry, create employment and increase exports.
Interest rates and tenure will depend on individual projects.
The funds are targeted at all the country’s ten administrative districts with the following sectors being the most preferred.
- Agro processing
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