Zimbabwe’s FBC Bank gets boost with syndicated loan

Region:

Middle East & Africa

Dominik Kloiber

Co-Founder at Exile Group

Zimbabwe’s FBC Bank (FBC) has received a significant boost in its liquidity profile with a $60 million loan arranged by a syndicate of local and international banks. The financing has been facilitated by the support of African Export-Import Bank (Afreximbank), which is providing a comprehensive guarantee.

Exclusive subscriber content…

If you are a TXF subscriber, please login to continue reading

Not yet a subscriber? Join us today to continue accessing content without any restrictions

View our subscription options

Or to request access to TXF Intelligence contact us

Request Access

Keynote: Euler Hermes’ Schoene, on delivering the transformation message

Interview

16 July 2024

Keynote: Euler Hermes’ Schoene, on delivering the...

Edna Schoene, CEO of Euler Hermes, naturally chose the eponymous messenger Hermes as her legendary figure of choice when TXF spoke to her at Global 2024: Export, Project &...

Navigating the market: Insights from the 2023 US Exim Competitiveness Report

Perspective

19 July 2024

Navigating the market: Insights from the 2023 US Exim...

US Exim has released its annual competitiveness report, and the story is familiar. While progress has been made in dealmaking since its 2019 reauthorisation, Exim remains a...

Must See

Looking for the alternatives: EET Fuels on its plans for decarbonisation

Perspective

12 July 2024

Looking for the alternatives: EET Fuels on its plans for decarbonisation

EET Fuels is leading the development of a major UK hydrogen cluster around its Stanlow refinery operations. The company has put its decarbonisation plans firmly behind alternative fuels as it looks to diversify its operations from traditional oil & gas assets.

Interview

16 July 2024

Keynote: Euler Hermes’ Schoene, on delivering the transformation message

Edna Schoene, CEO of Euler Hermes, naturally chose the eponymous messenger Hermes as her legendary figure of choice when TXF spoke to her at Global 2024: Export, Project & Development Finance in Athens. But the discussion of the German ECA’s new transformational strategy was anything but mythological – faster, yes, but also leaner, greener, and better, will be the new watchwords. How will it be delivered?

Perspective

19 July 2024

Navigating the market: Insights from the 2023 US Exim Competitiveness Report

US Exim has released its annual competitiveness report, and the story is familiar. While progress has been made in dealmaking since its 2019 reauthorisation, Exim remains a conservative ECA in comparison with the most active players in the market.