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- AfDB Country Manager for Zimbabwe Moono Mupotola and Gerald Gore, NMB Bank CEO at the signing of an agreement for a $15 m trade facility in Harare
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African Development Bank signs $15 million Transaction Guarantee Facility with NMB Bank Zimbabwe
The facility offers up to 100% coverage to confirming Banks, effectively mitigating non-payment risks linked to NMB Bank's trade transactions on a per-transaction basis
The African Development Bank (https://www.AfDB.org/) and NMB Bank Limited Zimbabwe (NMB) have signed a $15 million Trade Finance Transaction Guarantee Facility to unlock trade finance opportunities for Zimbabwean small and medium-sized enterprises and those in agri-business and trade distribution value chains. The signing took place on 7 March at NMB…