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*UK Government Avails $100m Loan Facility To Zim Companies* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?jm A development finance institution owned by the UK government, CDC, is extending a $100 million loan facility to Zimbabwean private companies. The money will be available in partnership with Standard Chartered bank. Said RBZ governor John Mangudya this week: ---------- *HOT DEALS:* *itel A70 - (128GB, 3GB RAM) $89,* *itel A70 - (256GB, 4GB RAM) $99* *itel P40 (128GB, 4GB), (6000mAh) $99* *itel P40 (64GB, 4G), (6000mAh) $93* *LATEST: itel S24 (128) $124; S24 (256GB) $159* Cash on Delivery in Harare & Bulawayo. Tinotumira kwamuri inosvika. WhatsApp: 0️⃣7️⃣8️⃣3️⃣ 4️⃣5️⃣0️⃣ 7️⃣9️⃣3️⃣ ---------- > “This is a significant move in that it is a medium-term facility to be used for the revival of companies in Zimbabwe,” Said CDC CEO, Nick O’Donohoe: > We think it’s pretty significant. We are not aware of any commitments that have been made by anybody since the change of government. Zimbabwe’s economy has been shattered over the last two decades, yet holds real potential. If a new government in post-election Zimbabwe encourages investment and pro-business policies, Zimbabwe can be one of the great investment success stories of the next decade. O’Donohoe also said they had been preparing the loan facility from the day former president Robert Mugabe left office in November 2017. CDC was formerly known as formerly the Commonwealth Development Corporation, and previous to that, the Colonial Development Corporation. More: The Herald _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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