CDB avails $30m line of credit to SMEs

The China Development Bank Corporation (CDB) has, through its cooperating partner, the Infrastructure Development Bank of Zimbabwe (IDBZ), extended a US$30 million line of credit to cater for SMEs in the country.

Real need to recapitalise SME development corporation

The Ministry of Small and Medium Enterprises is working on a budget proposal for the recapitalisation of the Small Enterprise Development Corporation (SEDCO), in an effort to breathe life back into the economy.

SMEs get funding boost

The US$16 m that has been availed by the Reserve Bank of Zimbabwe (RZB) for the small- and medium-size enterprises (SMEs) sector will be channelled mainly to projects with a manufacturing bias