NMB in US$25m deal to boost economy

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NMB Bank Zimbabwe Limited yesterday signed a US$25 million deal with Proparco, a French company, with support from the European Union (EU) to boost the country’s economy.

Proparco has been promoting sustainable economic, social and environ – mental development for over 45 years through funding and support to both businesses and financial institutions in Africa, Asia, Latin America and the Middle-East.

Speaking at the signing ceremony in Harare yesterday, NMB bank chief executive Gerald Gore said the US$25 million fund would benefit all the sectors of the country’s economy.

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