Online Reporter
Ivan Zhakata
Herald Correspondent
Green Dollar Coin has expanded its footprint in Zimbabwe following the registration of Green Dollar Development Bank, marking a significant step toward enhancing financial inclusion and unlocking large-scale investment funding in the country.
The newly registered institution is currently awaiting a full banking licence from the Reserve Bank of Zimbabwe (RBZ).
Once licensed, Green Dollar Development Bank is expected to play a central role in mobilising long-term capital for national development, anchored on a US$3 billion MTN bond asset earmarked to fund priority investment projects across key sectors of the economy.
The bond-backed funding framework is designed to channel patient capital into infrastructure, agriculture, mining and enterprise development, sectors regarded as critical to Zimbabwe’s economic recovery and sustainable growth.
The hard copy of the bond documentation is currently with Standard Bank Lesotho.
In the interim, Green Dollar Coin UK, backed by the Green Dollar Development Bank and the US$3 billion bond asset, has already begun rolling out targeted financing programmes.
These include asset – based financing for farmers and miners aimed at boosting productivity, as well as cash loan facilities for small and medium-sized enterprises (SMEs) structured to support long-term business growth rather than short-term consumption.
The model, which blends digital finance, development banking and asset-backed funding, has the potential to close long-standing financing gaps, particularly for underserved rural communities, emerging entrepreneurs and productive sectors that have traditionally struggled to access affordable capital.
As Green Dollar Development Bank awaits final regulatory approval, expectations remain high that the initiative could unlock new capital inflows, stimulate job creation and contribute meaningfully to the country’s long-term economic development agenda.
