HARARE – Banking group ABC Holdings Limited (ABCH) has secured a $50 million multi-currency loan from the African Development Bank (AfDB) for on-lending to small-to-medium enterprises (SMEs). The loan, with a seven-year tenor, will be disbursed through ABCH’s subsidiaries in Botswana, Mozambique and Zimbabwe — which AfDB said has “many enterprises facing liquidity challenges”. “The…
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