Central Africa Building Society
(CABS)

This medium-term facility will help to support the expansion of CABS’ operations as a provider of trade finance to local firms as well as Small and Medium-sized Enterprises within Zimbabwe’s tradable sector. The resultant credit support will provide for the importation of critical inputs such as agro chemicals, pesticides, farm machinery, spares and equipment, which Zimbabwe is in dire need of to revive its agricultural and manufacturing sectors. The credit support will also foster financial sector strengthening and generate more tax revenue through import duties and higher corporate profits. Including roll-overs, it is projected that the facility will finance approximately US $150 million of trade over a three and half year period.