Good times beckon for SMEs

Good times beckon for SMEs
Published: 27 November 2017
Negotiations involving the Reserve Bank of Zimbabwe (RBZ), ZimTrade and the Export Credit Guarantee Company (ECGC), which will culminate in small and medium enterprises - mainly those in the export business - accessing loans without collateral, are expected to end next month.

The RBZ and ZimTrade - the country's premier export promotion body want SMEs to access funds to boost their operations so as to generate more foreign currency and substitute imports. However, given the size of some of the SMEs, they are unable to provide collateral largely in the form of title deeds to banks, to access loans for working capital.

This prompted the RBZ, which has been clamouring for a radical shift from importing to exporting, to provide a $100 million export facility.

The facility can be increased to US$200 million depending on the demand and the extent of revenue generated.
- The Sunday Mail
Tags: SMEs,

Comments

Latest News

Latest Published Reports

Latest jobs