Zambia Export and Import Bank

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Zambia Export and Import Bank
legal form	Limited
founding	1987
Seat	Lusaka , Zambia
Branch	Financial industry

Zambia Export and Import Bank , also ZEXIM , is a bank in Zambia . Its seat is the Society House on Cairo Road in Lusaka .

ZEXIM is a bank specializing in foreign trade. Your business is based on the fact that Zambia, like all African countries, only releases foreign currency for goods when they have crossed the national border for imports and for exports these are free on board , which can be a very crucial question in a landlocked country . In the case of imports, it is a real bridging loan; in the case of exports, this is combined with payment default insurance.

ZEXIM is thus in direct competition with the clearing and forward agents , whose parent companies in southern Africa are all located in the Republic of South Africa and who are controlled from there. These C&F agents take over the bridge financing everywhere, which is subject to very high interest rates. The length of time goods remain in African ports depends more on their business situation than on any given need. In ports of the Republic of South Africa, the goods must have left the port no later than three months after landing or delivery, otherwise they will be auctioned. In the ports of black African countries, the average length of stay of goods is at least six months. The founding date of ZEXIM in 1987 already indicates who this bank is directed against.