BUSINESS NEWS

AfDB signs agreements with Zimbabwe firms

The African Development Bank (AfDB) has signed two non-disclosure agreements with Zimbabwean companies,which pave the way for the sharing of information amid optimism the bank would disburse funding t...

By Staff reporter | Published: 15 July 2018

FINANCIAL SERVICES

AfDB ranked 4th in global index

THE African Development Bank (AfDB) has been ranked fourth among 45 development organisations in the 2018 Global Aid Transparency Index.The regional bank was ranked sixth in 2016.The Aid Transparency ...

By Staff reporter | Published: 12 July 2018

FINANCIAL SERVICES

Zimbabwe is critical for AfDB

The African Development Bank (AfDB) mission in Zimbabwe is here for business as the country is critical for the institution, the bank's top official said yesterday.Abdu Mukhtar, director of Industrial...

By Staff reporter | Published: 28 June 2018

BUSINESS NEWS

AfDB pours $7,8 billion into African economies

THE African Development Bank (AfDB), under the leadership of Dr Akinwumi Adesina, has increased disbursements to support structural transformation of countries in Africa, according to its annual repor...

By Staff reporter | Published: 28 May 2018

BUSINESS NEWS

AfDB throws weight behind Zimbabwe

The African Development Bank (AfDB) will work with its partners to see Zimbabwe roar back in a major boost for the economy, which is desperate for foreign capital.AfDB president Akinwumi Adesina said ...

By Staff reporter | Published: 28 May 2018

BUSINESS NEWS

'AfDB is giving Zimbabwe grants not loans'

THE African Development Bank (AfDB) is co-ordinating negotiations between Zimbabwe and various international financial institutions (IFIs) for Harare to settle its US$12 billion foreign debt. Though A...

By Staff reporter | Published: 24 May 2018

BUSINESS NEWS

AfDB pledges US$50m loan for Zim companies

THE African Development Bank (AfDB) says it is ready to extend up to US$50 million in loans this year to Zimbabwe's private sector amid ongoing negotiations with the government to settle its US$600 mi...

By Staff reporter | Published: 18 May 2018

BUSINESS NEWS

AfDB leading Zim, creditors talks to clear arrears

The African Development Bank is leading talks with Zimbabwe and its creditors to make plans for the nation to pay off some of its arrears so it can restore relations with lenders, said Akinwumi Adesin...

By Staff reporter | Published: 08 May 2018

BUSINESS NEWS

AfDB bans Chivayo's partners

AFRICAN Development Bank (AfDB) has banned Wicknell Chivayo's partner in the controversial Gwanda solar project for three years due to fraudulent practices such as misrepresentation of experience to q...

By Staff reporter | Published: 08 May 2018

BUSINESS NEWS

AfDB, Export Trading Group sign $200m loan deal

THE African Development Bank (AfDB) has signed a $200 million loan agreement for a soft commodity finance facility with the Export Trading Group to support agriculture on the continent.AfDB said the f...

By Staff reporter | Published: 18 April 2018

BUSINESS NEWS

AfDB strikes deal for Africa solar energy

THE African Development Bank (AfDB) has struck a partnership deal with International Solar Alliance (ISA) to scale up solar energy development in Africa.The agreement was sealed on the margins of the ...

By Staff reporter | Published: 15 March 2018

FINANCIAL SERVICES

AfDB extends $25 million loan facility to CABS

The government's re-engagement efforts with multilateral finance institutions continue to bear fruit with the signing of a US$25 million trade finance agreement between the African Development Bank (A...

By Staff reporter | Published: 14 March 2018

BUSINESS NEWS

'Africa faces $170bn infrastructure'

THE African Development Bank (AfDB) says the continent needs $170 billion to cover the infrastructure investment gap, calling for urgent measures to match Africa's growing population and youth unemplo...

By Staff reporter | Published: 12 March 2018

CONSTRUCTION & PROPERTY

Poor infrastructure hinders Zimbabwe growth

POOR infrastructure continues to be a serious impediment to inclusive growth in African economies, the African Development Bank (AfDB) has said.AfDB said this in its 2018 edition of the African Econom...

By Staff reporter | Published: 30 January 2018

BUSINESS NEWS

AfDB invites bids estimated at $36m

The African Development Bank has invited bids to refurbish a water treatment plant in Bulawayo at an estimated cost of $36 million, to help improve water quality in the country's second largest city. ...

By Staff reporter | Published: 26 January 2018

BUSINESS NEWS

AfDB initiative to create 25 million jobs

THE African Development Bank (AfDB) has launched a Youth Advisory Group that seeks to create 25 million jobs in Africa with target impact on 50 million youths over the next 10 years.The Presidential ...

By Staff reporter | Published: 01 December 2017

BUSINESS NEWS

AfDB approves $200m credit line for private sector

THE African Development Bank Group (AfDB) has approved $200 million credit line to the private sector on the continent and the Industrial Development Corporation of South Africa to support industriali...

By Staff reporter | Published: 04 October 2017

FINANCIAL SERVICES

AfDB hunts for country manager

AFRICAN Development Bank (AfBD) is hunting for a country manager after Mateus Magala left the Zimbabwean mission two years ago to head Mozambique's energy development utility.Well-placed sources at th...

By Staff reporter | Published: 07 September 2017

AFRICA BUSINESS

AfDB decentralises operations

The African Development Bank (AfDB) has opened a regional development and business delivery office in Pretoria, South Africa which will be responsible for the institution's operations in Southern Afri...

By Staff reporter | Published: 28 August 2017

FINANCIAL SERVICES

AfDB seeks water expert for ZimFund

The African Development Bank is in the process of recruiting a water supply and sanitation specialist to join the Zimbabwe Multi-donor Trust Fund (ZimFund) for a year.ZimFund is an AfDB-managed fundin...

By Staff reporter | Published: 21 August 2017

BUSINESS NEWS

Zimbabwe to settle $10bn debt, says AfDB

Zimbabwe will craft a "debt repayment plan" to address the country's over $10 billion debt overhang by August, the African Development Bank (AfDB) to Zimbabwe representative said.Mateus Magala, the Af...

By Staff reporter | Published: 22 June 2015

FINANCIAL SERVICES

Zimbabwe banks shun corporates, says AfDB

Zimbabwe's financial services now prefer lending to individuals in favour of risky corporate borrowers, the African Development Bank (AfDB) has said.In its March 2015 Monthly Report on Zimbabwe, the r...

By Staff reporter | Published: 22 June 2015

BUSINESS NEWS

Mthuli Ncube eyes AfDB presidency

African Development Bank chief economist and vice-president, Professor Mthuli Ncube and founder of Barbican Holdings, is making a bid for the presidency of the continental financial institution. If he...

By Business Reporter | Published: 04 June 2014

BUSINESS NEWS

$57m AfDB loan secured

Government has secured a $58 million facility from the African Development Bank for rehabilitation of water, sewer systems and power infrastructure for several local authorities. The projects are in l...

By Daniel Kachere | Published: 26 May 2014

FINANCIAL SERVICES

Lending, deposit rates gap widening

THE disparity between lending and deposit rates in Zimbabwe is widening, dampening the already weak savings culture in the country and its economic recovery, the African Development Bank (AfDB) said.I...

By Staff reporter | Published: 17 April 2014
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