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French group grants CABS $10m loan

HARARE – Old Mutual’s mortgage lender Central Africa Building Society (CABS) has received a $10 million loan from a French financial institution, Proparco. The facility — with a five-year tenure — is targeted at bolstering long-term financing for Zimbabwean businesses. Proparco is a development finance institution partly held by Agence Française de Développement (AFD) and…

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