Afreximbank extends $190 million financing to CBZ Bank to boost Zimbabwe’s growth

The African Export-Import Bank (Afreximbank) has finalized three distinct financing agreements totaling US$190 million with CBZ Bank Limited, Zimbabwe’s premier commercial banking institution. Signed in El Alamein, Egypt, by Haytham Elmaayergi (Executive Vice President, Global Trade Bank at Afreximbank) and Valeta Mthimkhulu (Managing Director of CBZ Bank), the financial package aims to boost trade capacity, empower local SMEs, and stabilize national energy infrastructure.