Transaction

Afreximbank invests USD 190 million in CBZ Bank Limited's operations in Zimbabwe

Announced

31 July 2026

Target

CBZ Bank Limited

Value

$190m

Asset class

Private Credit

Type

Debt Financing

Instrument

Revolving Credit Facility

Lead investors

African Export-Import Bank

Investors

African Export-Import Bank

Sector

Financial services / Corporate Banking Services

Markets

Zimbabwe

About the target

CBZ Bank Limited is Zimbabwe's largest commercial bank and the flagship subsidiary of CBZ Holdings Limited. Incorporated in 1980 as the Bank of Credit and Commerce Zimbabwe Limited and rebranded CBZ Bank in 2010, the bank is wholly owned by CBZ Holdings Limited and headquartered at 3rd Floor, Union House, 60 Kwame Nkrumah Avenue, Harare. Regulated by the Reserve Bank of Zimbabwe, it operates across eleven business lines: Retail Banking, Corporate and Merchant Banking, E-Banking and Card Services, Mortgage Finance, Agribusiness, Advisory Services, Asset Finance, Wealth Management, Treasury, Trade Finance and International Banking, and Custodial Services. Digital platforms reported over 800,000 online customers and over 900,000 mobile banking users.