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Zimbabwe News Update

📅 Published: August 16, 2025

📰 Source: theanchor

Curated by AllZimNews.com

📅 Published: August 16, 2025

Curated by AllZimNews.com

In addition, USD20m of that is Afreximbank Trade Facilitation Programme Facility (AFTRAF) – a non-funded line of credit to facilitate the issuance of Guarantees and Letters of Credit (LC).

This line complements the funded line above, but targets and supports mainly the importers.

Supporting both SMEs and large corporates on various sectors of the economy to facilitate trade using non funded options such as guarantees and LCs.

AFTRAF is set to capacitate trade facilitation in line with the expectations of the African Continental Free Trade Agreement (AfCFTA) to regionally integrate Africa.

The line will also help integrate Zimbabwe into the continent through trade finance products and services (AfCFTA) with focus on SME for financial inclusion and promoting local community development and economic transformation through:– Opening new markets for SMEs and capacitating them to become competitive locally andregionally– Employment creation and building a resilient value chain in the face of global supply chaindisruptions– Supporting export generating industries to reduce the import bill– Supporting key economic drivers such as mining, agriculture, manufacturing– SME capacity building. 🔗

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