Boost for SMEs as CBZ secures US$10m Afreximbank facility

CBZ Bank Limited has secured a US$10 million factoring and supply chain finance credit line from Afreximbank for on-lending to the country’s small to medium enterprises (SMEs).

The deal was signed yesterday on the sidelines of Intra-African Trade Fair 2025 in Algiers, Algeria.

CBZ managing director Valeta Mthimkhulu signed on the behalf of the bank, while Afreximbank was represented by Kanayo Awani, executive vice-president Intra-African Trade and Export Development Bank.

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