NMB mobilises US$40m credit line

The bank is also working on floating an agro-bond to support farmers in the country.
By Tafadzwa Mhlanga May. 24, 2024

China writes off Zim debt deals

Zimbabwe currently owes a combined US$17,5 billion to foreign and local creditors.
By Tinashe Kairiza Apr. 12, 2024

AfDB helps Zim mobilises revenue

AFDB chief economist and vice president for economic governance and knowledge management Kevin Urama said the best way to address debt was to grow the economy.
By Melody Chikono Apr. 7, 2024

Treasury deploys AfDB grants, seeks consultants

Zimbabwe’s failure to extinguish its external debt  has blocked the country from receiving fresh loans and development support from most multilateral lenders and partners.
By Tatira Zwinoira Apr. 3, 2024

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