CABS Pursues New Credit Lines to Enhance Economic Sectors
CABS is negotiating additional credit lines targeted at productive sectors, building on a total funding limit of US$162.7 million. The institution aims to bolster agriculture and mining, with significant investments already made, while also expanding participation in the electricity sector.
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CABS is negotiating new credit lines for productive sectors, with a current funding limit of US$162.7 million. This includes over US$80 million for agriculture and US$40 million for mining. The institution is also renewing participation in a US$210 million syndicated facility for the Zimbabwe Electricity Transmission and Distribution Company to support power distribution.
In the reporting period, net interest income rose by 29.43% to ZWG850.08 million, while net income from operations improved by 28.8%. The anticipated conclusion of ongoing negotiations for additional credit lines is expected in early 2026, which may further stimulate economic growth and enhance financial inclusion.
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