NMB secures US$100m offshore credit line

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NMB Bank Zimbabwe Limited (NMB) says it is closing in on deals cumulatively worth US$100 million in credit lines offshore, for on-lending to productive sectors of the economy this year.

In the 2024 fiscal year, NMB raised over US$65 million in funding from offshore developmental finance institutions, reflecting its ability to secure substantial financial resources externally, amid serious liquidity challenges back home.

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