THE African Development Bank (AfDB) and NMB Bank Limited Zimbabwe (NMB) on Thursday signed an agreement that will pave way for a US$ 15 million trade finance transaction guarantee facility for NMB.
This strategic collaboration aims to unlock significant trade finance opportunities for Zimbabwean businesses, particularly benefiting small and medium-sized enterprises (SMEs) and local corporates engaged in agri-business and trade distribution value chains.
Delegates from both institutions graced the signing ceremony, held at NMB Bank Headquarters. Among them were Moono Mupotola, AfDB Country Manager, and Gerald Gore, NMB Bank chief executive officer.