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
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