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SMEDCO targets a US$100 million balance sheet in Zimbabwe

By , based on Daily News (Zimbabwe)

SMEDCO targets a US$100 million balance sheet in ZimbabweIllustrative image · Adedire Abiodun · Pexels · Licence Pexels

The Small and Medium Enterprises Development Corporation (SMEDCO), a Zimbabwean body that finances small and medium-sized enterprises, has secured a BBB credit rating from the International Credit Rating Agency. The rating is expected to make affordable financing more accessible to small businesses and support SMEDCO’s goal of increasing its balance sheet to US$100 million, Daily News reports.

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