AfDB, NMB Bank pen US$15m trade finance deal
Delegates from both institutions graced the signing ceremony at the NMB Bank headquarters in Harare yesterday.
By Tafadzwa Mhlanga
Mar. 8, 2024
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
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