Categories: Zim Latest

RBZ approves ZW$500 million loan facility for SMEs

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

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