SOLOMON NYANHONGO
Business

Stanbic, CBZ lead Bilboes’ facility

KUDZANAI GEREDE STANBIC and CBZ Bank have success­fully raised US$150 million for Caledo­nia Mining Corporation (Caledonia)’s Matabeleland North project, as the deal also shows local banks’ capacity to shore up local projects. The development comes as the latter has announced plans to raise US$1 billion in credit facilities – with half of that earmarked for…

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