AfDB left to disburse US$1,52m to Zim arrears clearance

UA stands for Units of Account and is akin to the Special Drawing Rights of the International Monetary Fund.
By Tatira Zwinoira 12h ago

Former NRZ partner clinches US$1bn deal

According to AfDB vice-president for private sector, infrastructure and industrialisation Solomon Quaynor, recapitalising Transnet would improve the railway network in the region.
By Melody Chikono Dec. 13, 2024

AfDB, UNHCR partner to fund peace, security for refugees

This is coming at a time when Africa is home to over 45 million forcibly displaced people, a number that has grown steadily over the past 13 years and doubled since 2018.
By Melody Chikono Dec. 6, 2024

AfDB throws lifeline to Zim private sector

About US$13 billion of this amount is owed to foreign creditors.
By Melody Chikono and Tafadzwa Mhlanga Nov. 29, 2024

Capital risk, policy inconsistency blight Africa’s energy transition

According to IRENA research, 473 gigawatts (GW) of renewable energy capacity was added globally in 2023, with renewable energy accounting for 87% of newly installed capacity
By Kennedy Nyavaya Oct. 21, 2024

Zim, Malawi get US$35m AfDB climate disaster grant

The funding comes amid the country suffering one of its worst droughts in recent years, with the 2023/24 agricultural period recording a huge drop in yields.
By Business Reporter Oct. 15, 2024
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CABS eyes stronger ties with AfDB with new policies

The bank is seeking to safeguard the interests of its stakeholders and reduce or eliminate any negative impacts on society and the environment from its partners through the ESG policy.
By Tatira Zwinoira Oct. 13, 2024

Zim’s energy crisis: A 6,1% GDP drain and the path to economic revival

International financial institutions, such as the World Bank and the African Development Bank, can provide crucial technical assistance and financing for energy projects.
By Lawrence Makamanzi Sep. 17, 2024

Crushing weight of debt: How Zim’s ballooning arrears are devastating communities

While some of the debt has been contracted with intentions to develop the country, the failure to adequately manage them has put the country in debt distress.
By Yollander Millin Sep. 13, 2024