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Zimbabwe's debt plan faces test

Zimbabwe's arrears clearance and debt resolution plan will come under renewed scrutiny as Mauritanian banker Sidi Ould Tah assumes office today as the ninth president of the African Development Bank Group (AfDB).Tah secured the presidency …

Published: 01 Sep 2025 at 05:53hrs | 14 | by Staff reporter

AfDB projects 6% economic growth for Zimbabwe

The African Development Bank (AfDB) has projected that Zimbabwe is on track to achieve a six percent economic growth rate this year, supported by stability and recovery across key productive sectors.AfDB Principal Country Economist Kelvin …

Published: 19 Aug 2025 at 18:51hrs | 8 | by Staff reporter

AfDB flags Zimbabwe's annual financing gap

Zimbabwe will require more than US$3.7 billion annually to meet its Sustainable Development Goals (SDGs) by 2030, according to a new economic outlook report released by the African Development Bank (AfDB) in Harare on Tuesday. The figure h…

Published: 03 Jul 2025 at 09:25hrs | 2 | by Staff reporter

AfDB says Zimbabwe seeks $2.6bn in bridge finance to overhaul debt

The African Development Bank said Zimbabwe has proposed seeking $2.6 billion in bridge finance to help it clear arrears owed to international financial institutions as it attempts to break a debt impasse dating back to 1999.The southern Af…

Published: 24 Apr 2025 at 21:18hrs | 134 | by Staff reporter

Zimbabwe among Africa's fastest-growing economies in 2025

Zimbabwe is expected to be one of Africa's fastest-growing economies this year, with the African Development Bank (AfDB) forecasting a 5.3 percent growth rate.This strong projection is slightly below the 6 percent estimated by Finance, Eco…

Published: 26 Feb 2025 at 07:42hrs | 383 | by Staff reporter

Mnangagwa, Hichilema come face to face

President Emmerson Mnangagwa and his Zambian counterpart Hakainde Hichilema had an uneasy public interaction in Addis Ababa, Ethiopia, yesterday, as their strained diplomatic relations played out during a press conference. The event, also …

Published: 16 Feb 2025 at 16:47hrs | 85 | by Staff reporter

Mnangagwa praises Akinwumi Adesina

President Emmerson Mnangagwa has congratulated Dr Akinwumi Adesina for his outstanding leadership at the helm of the African Development Bank (AfDB), marking the end of his decade-long tenure as president. In a statement issued yesterday, …

Published: 08 Feb 2025 at 12:40hrs | 221 | by Staff reporter

Zambia seeks Zimbabwe's support for AfDB candidacy

Zambia has sought Zimbabwe's support for its candidate in the 2025 African Development Bank (AfDB) presidency elections, as disclosed by Foreign Affairs and International Trade Minister Ambassador Frederick Shava. Following the 45th Ordina…

Published: 21 Jul 2024 at 10:20hrs | 4 | by Staff reporter

AfDB to fund a $250 million gold mine in Zimbabwe

THE African Development Bank (AfDB) has shown great interest in funding Caledonia Mining Corporation's planned $250 million gold mine in Zimbabwe.The information was relayed by the company's chief executive officer, Mark Learmonth.Accordin…

Published: 06 Apr 2024 at 08:16hrs | 9 | by Staff reporter

Zimbabwe to benefit from AfDB's US$40m Mozambique facility

THE African Development Bank's (AfDB) US$40 million loan to Mozambique's State-owned rail and port authority, Portos e Caminhos de Ferro de MoÃ§ambique EP (CFM), will help neighbouring countries, including Zimbabwe, the regional bank has s…

Published: 09 Feb 2024 at 06:59hrs | 4 | by Staff reporter

BCC engages AfDB over water

Bulawayo City Council (BCC) officials have initiated discussions with the African Development Bank (AfDB) to secure funding for short-term measures to alleviate the water crisis by improving water provision from Nyamandlovu. This move come…

Published: 27 Oct 2023 at 06:21hrs | 2 | by Staff reporter

Mthuli's theatrics expose government lack of seriousness in addressing Zim economic crisis!

So, finance minister Mthuli Ncube, over the weekend, went around shops in Bulawayo, like a crazed vigilante, tearing down tags displaying prices strictly in US dollars!He even berated a hapless lowly branch manager of a renowned chain reta…

Published: 29 May 2023 at 23:02hrs | 2 | by Tendai Ruben Mbofana

'Re-engagement will depend on holding credible 2023 elections' AfDB warns. At long last, some home-truths

"The African Development Bank has moved to fast-track Zimbabwe's $3.5 billion compensation to white farmers whose land was seized under former president Robert Mugabe's reforms. The bank is leading efforts to clear Zimbabwe's crippling deb…

Published: 22 May 2023 at 21:59hrs | 4 | by Wilbert Mukori

Zimbabweans have suffered long enough, says African Development Bank boss

THE African Development Bank (AfDB) says it has accepted to assist Zimbabwe's US$13,5 billion debt clearance plan partly because of the need to alleviate the country's citizens from the impact of extreme poverty.The Southern Africa nation …

Published: 13 Jul 2022 at 07:26hrs | 12495 | by Staff reporter

Road infrastructure decay needs policy change

The pace of Zimbabwe's road infrastructure decay has reached alarming levels which call for a policy change by the government. The country's major highways and urban roads have become a living hazard to motorists and cargo due to successiv…

Published: 16 Feb 2021 at 14:34hrs | 7 | by Victor Bhoroma

Sasai launches talent promotion show across Africa

LONDON - Cassava Fintech International (CFI) has launched a new #African&Talented promotion aimed at identifying and supporting talent across Africa through the Sasai App, with the top winner walking away with a huge cash prize. The Sa…

Published: 12 Sep 2020 at 16:00hrs | 57 | by Agencies

Zimbabwe's economic recovery is possible but whilst the country remains a pariah state, it is IMPOSSIBLE!

"AfDB President, Akinwumi Adesina, told journalists in Johannesburg this week that while Zimbabwe is making progress, its economy and relations with lenders are still a way from being repaired," reported Bloomberg/ Bulawayo 24."Ncube's cho…

Published: 12 Nov 2018 at 06:46hrs | 1299 | by Nomusa Garikai

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 to the private sector.The agreements wer…

Published: 15 Jul 2018 at 17:03hrs | 3 | by Staff reporter

Corporate boardrooms: Where are the women?

A lack of diversity afflicts most companies' boardsWhen a woman rises to the top rung of the traditionally all-male corporate ladder in Africa, it's front-page news because women's progress in business leadership on the continent continues…

Published: 15 Jan 2018 at 15:55hrs | 3 | by Kwamboka Oyaro

Africa's jobless youth cast a shadow over economic growth

Leaders put job-creation programmes on the front burner African governments are confronting unemployment in many different ways. In Senegal, with 200,000 Senegalese joining the labour market each year, President Macky Sall launched a progr…

Published: 02 May 2017 at 16:25hrs | 6 | by Kingsley Ighobor

Africa Development Bank braced for Energy Revolution

Towards the end of this month of May. One of the biggest financial and banking cooperation, Africa Development Bank will host an annual meeting focusing on Energy resources infrastructure. The city of Lusaka, Zambia will be a hive of activ…

Published: 10 May 2016 at 13:42hrs | 5 | by Mbizo Chirasha

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President Mnangagwa Distributes Vehicles to Boost ZANU PF Grassroots Mobilisation

Sekuru Nyangatayani eyes China

Journalist in anti-drugs birthday sports tournament, as organisers appeal for land

Machete-wielding robber nabbed

Teenager dozes off at crime scene after raping widow (50)

Zimbabwe mourns James 'Protest Lens' Jemwa, an anti-ZANU-PF hegemony fighter

Nengomasha quits

Zimbabwean minister proposes 24-hour economy

Ambulance crew stole from crash victim in Kwekwe

Zimbabwe's biggest threat to business formalisation is currency

Warriors shift World Cup Qualifier against Bafana to Botswana

RBZ loses US$34 500 in cyber fraud scam

18 go on trial for Chivayo in-laws robbery

Mnangagwa - Chiwenga rivalry will shape Zimbabwe's next chapter

Mnangagwa denounces corruption again

Zimbabwean-origin taxi boss killed in South Africa

Mudenda lures Japanese investors

Zimbabwe considers project-specific model for debt clearance

Scottland in match-fixing storm?

Chiwenga accuses Tagwirei of looting billions from Zanu-PF

Mnangagwa issued a stern warning

Sikhala reps reprimand police

Calls grow for victim-centred Gukurahundi hearings in Bulawayo

Makarawu hits, Charamba misses out by a whisker

Dad strips naked in front of his daughter, beats up wife

Sex-for-prayers cult exposed

2 women arrested for theft at Mpilo Central Hospital

Land disputes dominate traditional court hearings

Anglican seeks land to expand schools

War vets leader under siege over ED2030