CBZ Bank says it has secured a US$20 million line of credit from the Trade and Development Bank Group (TDB Group) to support exporters.
This comes as companies need facilities that enhance production capacity and boost exports, thereby generating foreign currency.
“The reason we are targeting exporters is that we want to create repayment capacity so that when the tenure of the facility has reached its maturity, we would want to have foreign currency to repay TDB…”