lDCZ avails $30m funding for industry
September 10, 2019
IDCZ has begun availing loans to local industry in a move set to breathe life in some faltering firms as well as kick-start several greenfield bankable projects. Loans between $1m and $5m, and will attract a nominal interest of 15 percent per annum.
Zim seeks $2,5 billion from China
September 05, 2018
ZIMBABWE is looking to secure at least $2,5 billion in lines of credit from major Chinese banks for on-lending to the private sector, Finance and Economic Planning Minister Patrick Chinamasa has said. “We are looking at $2, 5 billion lines of credit to support the entirety of the productive sectors, tourism, mining, industry, agriculture and manufacturing among others.