World Bank energy team headed for Zim

A government official said on Wednesday the team was expected to meet private sector players with interests in energy projects.
By Staff Reporter Feb. 9, 2024

Zimbabwe’s ailing SOEs owe Chinese, Indian banks US$1.7b

According to the AfDB, SOEs which benefitted from the on-lent loans are now required to open dedicated debt servicing sinking funds to ensure timely debt servicing.
By Tatira Zwinoira Dec. 31, 2023

Zim govt receives AfDB’s US$5,3m grant

The grant comes from AfDB’s African Development Fund that contributes to the promotion of economic and social development in 38 least developed African countries.
By Tatira Zwinoira Dec. 29, 2023

CABS secures US$25m AfDB facility

The facility will enhance foreign currency liquidity support for the building society amid a tough economic climate in Zimbabwe, AfDB said in a statement.
By Business Reporter Dec. 21, 2023

AfDB to withdraw international staff from Ethiopia after assault

The bank sent a high-level delegation to the Ethiopian capital Addis Ababa on Nov. 22 to meet with the Ethiopian government and bank staff, Wednesday's statement said.
By Reuters Dec. 20, 2023

Zim gets US$800 000 for arrears clearance

The full loan, which was approved in September 2022, is expected to be fully disbursed by the end of 2025.
By Melody Chikono Dec. 15, 2023

US$2,5m AfDB loan shot in the arm for struggling IPPs

Kariba has been affected by declining water levels due to prolonged droughts and climate change.
By Tatira Zwinoira Dec. 15, 2023

US$1,8m boost for Zim female entrepreneurs

In a statement during COP28 in the United Arab Emirates city of Dubai, AfDB said Afawa and ETG signed the agreement for the facility at a ceremony held last Tuesday.
By Business Reporter Dec. 11, 2023

Swimming in debt: The bane of resource-backed loans in Zim

Zimbabwe has failed to manage its public debt efficiently, resulting in a debt default during the early 2000s
By Zvikomborero Sibanda Dec. 1, 2023