NMB Bank Zimbabwe
Introduction
NMB Bank Zimbabwe is a medium-sized bank that focuses on providing financial services to individuals and to small and medium-sized export companies, which form the backbone of the country's economy.
Swedfund's investment will help increase access to capital in the form of loans for small and medium-sized enterprises, enabling them to grow, create jobs and contribute to increased tax revenues.
Co-investors include Norfund and FMO.
Read more in our press release: Swedfund and FMO gives NMB Bank $15 million line of credit
Facts
SDG in focus
No Poverty
End poverty in all its forms everywhere.
Gender Equality
Achieve gender equality and empower all women and girls.
Decent Work and Economic Growth
Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all.
Sector
Financial Inclusion
Financial Inclusion invests in, amongst others, regulated banks and microfinance institutions to reach out more broadly and effectively.
Value creation
Our Impact
The investment contributes to sustainable private sector development, local economic growth and increased access to capital for small and medium-sized enterprises. The investment is also expected to contribute to job creation and other income-generating opportunities locally and to increase women's economic empowerment.
ESG
We are working closely with the company to develop its management of environmental and social issues where women's economic empowerment is a priority.
Additionality
Our investment is financially additional as it is made in a challenging and high-risk context, where access to capital is limited, the business environment is difficult, and poverty rates are high. The investment is also expected to contribute to mobilising institutional capital. The investment is value additional through a strong focus on active value creation during the investment phase, where environmental, sustainability and corporate governance issues are prioritised.