The Reserve Bank of Zimbabwe (RBZ) through the Monetary Policy Committee has approved ZW$500 million loan facility for Micro, Small and Medium Scale Enterprises.
RBZ Governor John Mangudya said the SMEs will access this finance facility through banks and microfinance institutions at 30% interest rate per annum.
Mangudya said this facility is meant to increase productivity across all sectors of the economy.
-Zwnews
