NMB Bank Zimbabwe Limited is thrilled to announce that we have secured a $10 million loan from British International Investment (BII), the UK’s development finance institution and impact investor. This funding will significantly bolster our efforts to support agricultural exporters and promote sustainable farming practices in Zimbabwe.
Our commitment to the agricultural sector is unwavering, and this loan positions us as a leading supporter of sustainable agriculture. As the first financial institution in Zimbabwe to receive debt financing from BII, we are proud to reflect BII’s confidence in our banking sector.
Seventy percent of this funding will be allocated to our agricultural exporter customers, enabling them to invest in capital expenditures such as machinery, irrigation systems, and fertilizers. These investments will enhance their production capabilities, driving growth and efficiency. The remaining 30 percent will be dedicated to customers practicing sustainable agriculture. This includes projects that promote climate risk mitigation and adaptation, such as installing on-farm renewable energy systems, implementing energy-efficient measures, and accessing climate information and weather services to build resilience.