NMB Bank Limited, a subsidiary of NMBZ Holdings Limited in Zimbabwe, secured a $10 million loan from British International Investment (BII), the UK’s development finance institution and impact investor. This marks the first time in nearly 25 years that a Zimbabwean bank has secured financing from BII. The facility aims to strengthen the bank’s funding of agricultural exporters in support of sustainable farming in Zimbabwe.
Gavin Tipper, the CEO of Arise, congratulated NMBZ on securing the BII loan, highlighting it as a testament to the quality of the bank’s operations and its market impact.
Arise is a key investor in NMBZ and supports the bank through Technical Assistance Facility interventions designed to enhance its operational and strategic capabilities.
