African Development Bank Group

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NEWS & CURRENT AFFAIRS

Topic : African Development Bank Group

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 approves US$25 million loan facility for Zim firms.

Boost for SMEs as NMB secures US$15m facility

The bank also announced it was working on securing more than US$55 million from two international institutions that had already conducted due diligence on the bank.

By Business Reporter Dec. 8, 2023

Boost for SMEs as NMB secures US$15m facility

Climate change: Zim risks mounting debt

On the eve of the summit for a New Global Financing Pact in Paris, Action Aid revealed that branding loans as climate finance risks make vulnerable countries’ problems even worse.

By Lorraine Muromo Jun. 27, 2023

Climate resilience gaps, opportunities in Africa

Thus far, the programme has supported 38 African countries and trained over 1 000 climate change experts on a continent of 1,4 billion people. The figures are not consistent with the demand.

By Takudzwanashe Mundenga Jun. 22, 2023

Climate resilience gaps, opportunities in Africa

Debt, sanctions and policy: Nowhere to hide

Zanu PF has made many errors and mistakes, and for whatever reason, its leaders keep repeating them over and over again.

By Newsday May. 20, 2023

Debt, sanctions and policy: Nowhere to hide

Unlock the impact potential of agricultural SMEs in Africa: Experts

The African Development Bank Group and the Government of Canada announced the establishment of a new special fund to support Africa’s small and medium-sized enterprises in the agriculture sector.

By African Development Bank Feb. 12, 2023

Unlock the impact potential of agricultural SMEs in Africa: Experts

Lenders slap Zim with US$2,1b penalties

Arrears in principal, interest, and penalties are nearly equal to the country's $4,5 trillion (US$6,7 billion) 2023 national budget.

By Mthandazo Nyoni Dec. 18, 2022

Govt pays US$114,7m towards PPG debt

Except for the RBZ external debt and blocked funds, the majority of the PPG external debt stock is made up of principal arrears of US$2,7 billion.

By Mthandazo Nyoni Dec. 13, 2022

AfDB approves Energy Access Finance Framework

The African Development Bank developed the LEAF program, in collaboration with the Green Climate Fund, which approved US$170,9 million in concessional financing for it in July 2021.

By The Southern Eye Feb. 20, 2022