Zimbabwe: Zim $200 bn facility to rescue business sector

Zimbabwe has set up an ambitious Zim $200 billion (about US $35.6 million) loan facility to breathe life into the country's struggling businesses. The Zimbabwe Development Bank (ZDB) and the Small Enterprises Development Corporation (SEDCO) have been appointed to handle and disburse the funds, which are expected to target companies facing economic hardship, particularly those close to bankruptcy or operating below capacity.