Zimdollar worst performing currency: AfDB

Efforts to stabilize the Zimbabwean dollar included the introduction gold-backed digital tokens as well as Mosi-ao-Tunya gold coin.
By Mthandazo Nyoni Feb. 23, 2024

Zim to benefit from AfDB’s US$40m Moza facility

This line generates more than 90% of rail traffic volume and comprises 70% of CFM's overall rail transport volume.
By Business Reporter Feb. 9, 2024

Good day Mr President: United we stand, divided we fall

Yet, ancient wisdom implores us that united we stand, divided we fall. 
By Cyprian Muketiwa Ndawana Jan. 31, 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 approves US$25 million loan facility for Zim firms.

The African Development Bank Group currently supports 13 initiatives in Zimbabwe valued at $144 million.
By Online Reporter Dec. 20, 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