By ETimes
HARARE – CENTRAL Africa Building Society (CABS) says it is rolling out targeted financial solutions to support national economic development.
This comes after the building society secured US$162,7 million in credit facilities from development partners in 2025.
The lender directed US$120 million to agriculture and mining in 2025, with US$80 million for farming and US$40 million for mining.
“We anticipate concluding ongoing negotiations for credit lines dedicated to the productive sector, with deployment expected in early 2026 to support economic activity and value creation,” CABS chairperson Joshua Tapambgwa stated in the 2025 annual report.
The building society renewed its participation in a syndicated US$210 million facility to the Zimbabwe Electricity Transmission and Distribution Company for power distribution equipment and electricity imports.
CABS also participated in the Reserve Bank of Zimbabwe’s Targeted Finance Facility, taking ZiG60 million to provide affordable working capital to productive sectors in support of the government’s 6% economic growth target for 2025.
Through the Affirmative Finance Action for Women in Africa programme in partnership with the African Development Bank, the lender provided capacity-building training to more than 1 000 women entrepreneurs nationwide.
Funding extended to small and medium-sized sugarcane producers in the Lowveld grew to US$18 million during the year, reinforcing the society’s commitment to agricultural value chains and rural development, the report said.
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