ZEDF raises $25m funding support
Published On August 19, 2024 » 280 Views» By Times Reporter » Business, Stories
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By ANDREW MULENGA
THE Zambia Export Development Fund (ZEDF) has raised $25 million in third party funding support from the development finance funders and investors through its fund-raising agents and strategic partners.
Zambia Development Agency (ZDA) board chairperson, Biemba Maliti said that the ZEDF which is the leading non-traditional export financing entity for Small and Medium Enterprises (SMEs) has raised its capital from $4 million to $25 million.
Prof Mailiti said in a statement that the ZEDF’s capital is now $29 million.
“This will enable the ZEDF to expand its financing base as well as increase the loan size and tenor. The fund will launch new financing capabilities and provide customers with a broad range of financing products,” he said.

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