Zimbabwe’s CBZ Gets $60 Million Development Bank Loan, News Says

CBZ Holdings Ltd. (CBZ) received a $60 million loan from the Eastern and Southern Trade Development Bank to help boost lending to customers, the Daily News reported, citing the development bank.

CBZ will use $20 million of the loan to provide mortgages in Zimbabwe, the Harare-based newspaper said.

To contact the reporter on this story: Brian Latham in Johannesburg at blatham@bloomberg.net

To contact the editor responsible for this story: Antony Sguazzin at asguazzin@bloomberg.net

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