AfDB grants Zimbabwe US$4 million for debt clearance process
In a statement yesterday, the AfDB stated the intention of the grant.
By Kirsty Sibanda
3h ago
AfDB backs Zimbabwe debt clearance plan with US$4m grant
This burden of arrears has severely constrained the country’s access to external financing and limited public investment.
By Sharon Zebra
9h ago
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Zim imposes Africa’s heaviest oil price hikes... shocking rip-off exposed in AU, AfDB regional report
The increase placed Zimbabwe far ahead of second-placed Egypt, which imposed a 14,3% increase during the same period. Morocco followed at 13,9%, while Sierra Leone recorded a 12,3% surge.
By Freeman Makopa
May. 15, 2026
US$31,7m Kariba Dam rehab nears completion
“The energy dissipation system for the dam has therefore been strengthened to ensure that the dam foundations are protected from any further erosion,” AfDB said.
By Business Reporter
May. 4, 2026
AfDB backs Zim with US$25m grant for climate-vulnerable communities
The African Development Bank Group (AfDB) board has approved a US$25 million grant for Zimbabwe to support rural communities severely affected by climate change.
By Business Reporter
Apr. 25, 2026
AfDB backs new architecture to tackle Africa’s financing gap
The African Development Bank (AfDB) has backed a new financial architecture aimed at leveraging the balance sheets of African development finance institutions (DFIs) to mobilise resources
By Business Reporter
Apr. 25, 2026
Mat’land, Masvingo communities to benefit from US$25m climate fund
The funding, approved by the Bank’s board of directors, will support the Zimbabwe Agricultural Climate Resilient and Vulnerability Reduction Project (ACRES),
By Sharon Sibindi
Apr. 25, 2026
Mthuli eyes bridge financing to pay Zim’s debt
The debt comprises external debt owed to multilateral financial institutions, including the World Bank and the African Development Bank (AfDB), among others.
By Brent Shamu
Apr. 3, 2026
Treasury commits to IMF staff-monitored programme
Ncube said this after incoming African Development Bank (AfDB) country manager for Zimbabwe, Eyerusalem Fasika, paid him a courtesy call on Monday.
By Tatenda Kunaka
Mar. 12, 2026
