ZANACO Bank has signed a $50 million facility with the British International Investment aimed at boosting the growth of Micro Small and Medium Scale Enterprises (MSMEs) in the country. ZANACO Chief Executive Officer Mukwandi Chibesakunda says the facility will form a foundation for the growth of MSMEs in Zambia. In a statement, Saturday, ZANACO head of communications Verona Nkolola revealed that the disbursement of funds would start before the end of the year. “Micro Small and Medium Scale Enterprises (MSMEs) in Zambia have received a boost following the signing of a financing US$50 million facility between Zambia National Commercial Bank (Zanaco) Plc and British International Investment (BII) formerly CDC. The facility signed by Zanaco chief executive officer Mukwandi Chibesakunda and…...

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