News & Events
31/10/2011 - The Board of Directors of the African Development Bank (AfDB) recently approved a loan of USD 8 Million to finance the Lake Harvest Aquaculture project on Lake Kariba in Zimbabwe. This loan will help Lake Harvest Aquaculture expand its tilapia fish farming significantly and provide an important supply of affordable protein to the sub region. In total, development finance institutions together, in partnership with the AfDB, are providing USD 20 million in loans towards the project.
Categories: Zimbabwe, Agriculture & Agro-industries
27/06/2011 - The Southern Africa region loomed large on the Bank’s operational radar in 2009, when loan and grant approvals to the countries climbed to USD 5.44 billion (UA 3.40 billion), from USD 769.44 million (UA 475.9 million) the previous year; representing over 600 percent increase. The numbers were propelled by two budget support loans amounting to USD 2.42 billion (UA1.51 billion) approved for Botswana and Mauritius, to help mitigate the impact of the global economic and financial crisis in these countries.
Categories: Angola, Botswana, Lesotho, Madagascar, Malawi, Mauritius, Namibia, South Africa, Swaziland, Zambia, Zimbabwe, Regional Integration
13/04/2011 - The Bank’s Southern Africa operations department Director, Ebrima Faal, explained that the report is an analytical work aimed at strengthening the Bank’s knowledge of Zimbabwe’s infrastructure sector. The report specifically provides an Action Plan for the country’s re-engagement with the international community in the event that it would clear its debt arrears in 2011-2012. It also provides a platform for the elaboration of AfDB’s future operations in the country, with the government’s active support.
Categories: Zimbabwe, Infrastructure
06/04/2011 - The Board of Directors of the African Development Bank (AfDB) today approved the 2011-2012 Regional Integration Strategy Paper for Southern Africa. Regional integration is one of the organisation’s priorities, , as reflected in its 2008-2011 Medium-Term Strategy, its Strategic and Operational Framework for Regional Operations and the its 2009-2012 Regional Integration Strategy.
Categories: Angola, Botswana, Lesotho, Madagascar, Malawi, Mauritius, Mozambique, Namibia, South Africa, Swaziland, Zambia, Zimbabwe, Transport, Information & Communication Technology, Regional Integration, Energy & Power
25/03/2011 - The African Development (AfDB) Group’s effort in Zimbabwe’s economic recovery has received a major boost with the publication of a comprehensive infrastructure development action-plan for strong and sustained growth in the country. The 342-page report titled “Infrastructure and Growth in Zimbabwe - An Action Plan for Sustained Strong Growth” has been endorsed by an informal AfDB Board.
Categories: Zimbabwe, Infrastructure
15/03/2011 - African Development Bank (AfDB) President Donald Kaberuka has affirmed his institution’s strong commitment to enhancing regional integration and growth in Southern Africa. Addressing the media close to the end of a six-day official visit to the region, Dr. Kaberuka said the AfDB had done well in terms of the volume of its support to South Africa and the broader SADC region but still had to do more in view of the challenges that still abound.
Categories: Angola, Botswana, Lesotho, Madagascar, Malawi, Mauritius, Mozambique, Namibia, South Africa, Swaziland, Zambia, Zimbabwe, Regional Integration, President's Corner
07/03/2011 - The President of the African Development Bank (AfDB) Group, Mr. Donald Kaberuka, today called on Zimbabwe’s Government of National Unity to reduce economic policy uncertainties that could undermine the country’s recent economic recovery. He urged the government to implement policies that would boost confidence in order to keep momentum. Mr. Kaberuka was launching the Multi Donor Trust Fund, managed by the AfDB. On a 24-hour visit to Zimbabwe, Mr. Kaberuka also announced the opening of the Bank’s Zimbabwe Country Office and discussed the state of the economy with local authorities, including progress on a framework for the country’s multilateral debt.
Categories: Zimbabwe, President's Corner
07/03/2011 - Speaking at the launch of the Zimbabwe Multi-donor Trust Fund (Zim-Fund) on 7 March 2010 in Harare, the African Development Bank (AfDB) President, Donald Kaberuka, commended Zimbabwe’s economic recovery since the establishment of the Government of National Unity. This has provided the basis for a process of re-engagement with the international community.
Categories: Zimbabwe, Zimbabwe Multi-Donor Trust Fund, President's Corner
07/03/2011 - In January 2010, the African Development Bank (AfDB) accepted the Government of Zimbabwe’s request that it deepen and broaden its analytical knowledge base in Zimbabwe. That knowledge base had been depleted during the decade-long economic and political crisis in the country. The report, “Infrastructure and Growth in Zimbabwe: An Action Plan for Strengthened Recovery,” was released today, 7 March 2011, at an international investors’ conference in Harare.
Categories: Zimbabwe, Infrastructure, President's Corner
22/07/2010 - The Bank’s enhanced presence in Zimbabwe will greatly strengthen its capacity to play a lead role in the collective dialogue in Zimbabwe and to provide advice and support to the Inclusive Government to ensure that Zimbabwe continues on the path of reforms and reengagement with the international community. Enhancing Bank presence in Zimbabwe is in line with the Bank’s decentralization policy.
Categories: Zimbabwe, Fragile States Facility, African Water Facility
