ADVERTISEMENT
Africanian
  • News
  • Politics
  • Business
  • Health
  • Sports
  • Travel
  • World
    • US
    • Russia
    • Europe
    • Asia
    • America
No Result
View All Result
Africanian
No Result
View All Result
Home Business

African Development Bank Group Vice Presidents and Director General on official visit to Botswana and Zimbabwe

A senior leadership team from the African Development Bank Group has arrived in the southern African capital Gaborone, on the first leg of an official visit to Botswana and Zimbabwe.

in Business, News
Reading Time: 2 mins read
0 0
0
African Development Bank Group Vice Presidents and Director General on official visit to Botswana and Zimbabwe
0
SHARES
Share on FacebookShare on TwitterShare via Whatsapp

The delegation is led by Acting Vice President, Regional Development, Integration and Business Delivery Yacine D. Fal. It includes Prof. Kevin Chika Urama, Acting Chief Economist and Vice President for the Economic Governance and Knowledge Management Complex; Director General for the Southern Africa region, Leila Mokaddem; Deputy Director General Kennedy Mbekeani, Martha Phiri, Director of the Bank’s Human Capital, Youth and Skills Department, and Jean-Guy Afrika, the African Development Bank’s Acting Director for the Regional Integration Coordination Office.

In Botswana from 4-5 April, the team will meet with several government and industry leaders, including the deputy minister of Finance Olesitse H. Masimega.  Their discussions will centre on the Bank’s support to Botswana’s economic transformation agenda and a post-Covid-19 economic recovery. The Bank has provided $137 million in loans to support Botswana’s economic recovery from the pandemic.

READ MORE: Zimbabwe: Local firms receive boost as African Development Bank approves $7.5 million trade finance guarantee facility for Central Africa Building Society

The delegation will also hold talks with the Southern African Development Community’s Deputy Executive Secretary for Regional Integration, Dr. Thembinkosi Mhlongo. They will discuss areas of strategic interest to the SADC region, including the implementation of the Programme for Infrastructure Development in Africa (PIDA), and the operationalization of the African Continental Free Trade Area (AfCFTA). SADC ‘s main objectives are to achieve development, security and economic growth, to alleviate poverty and support the socially disadvantaged of the southern Africa region through regional integration.

The visit underscores the African Development Bank’s firm commitment to the southern African region’s growth prospects and to deepen engagement with SADC at the strategic and technical levels, Fal said.

More

Russia-Ukraine war: AfDB President warns of incoming food crisis in Africa

Angola: APPO Launches African Energy Bank Initiative

Somalia: Celebrations follow Presidential Election Result

READ MORE: Equatorial Guinea: #InvestInEGEnergy Continues to Gather Momentum

“We will take stock of ongoing regional integration efforts. We need to continue to encourage the free flow of goods and services across our borders, removal of tariff barriers and to scale up regional value chains,” Fal said.

The African Development Bank Group’s active portfolio in Botswana amounts to $223 million.  The portfolio is dominated by multi-sector projects which account for the largest segment.  Sixty-two percent of this falls under the Economic Recovery Support Program, 36.3% to financial support, with the rest financing the country’s agriculture, industrial and power sectors.

READ MORE: Free movement of people should be reinforced in Africa to boost economic integration of the continent — African Union

In Zimbabwe, from 5-8 April, the delegation will meet President Emmerson Dambudzo Mnangagwa and other members of government. Talks will focus on Bank support to Zimbabwe’s arrears clearance. They team will also meet executives of the African Capacity Building Foundation, as well as private sector and various non-regional partners.

In Zimbabwe, the Bank Group currently supports 15 initiatives valued at $176 million. These include the rehabilitation of infrastructure in the energy, water and sanitation sectors, financed through resources from the ZimFund.

Source: AfDB
africanian

africanian

Africanian, an Africa news media portal.

  • Trending
  • Comments
  • Latest
E. Guinea: Winners Emerge from the TotalEnergies Startupper Challenge

Equatorial Guinea: Winners Emerge from the TotalEnergies Startupper Challenge

May 6, 2022
Angola: APPO Launches African Energy Bank Initiative

Angola: APPO Launches African Energy Bank Initiative

May 16, 2022
How to make Nigerian Okra Soup Recipe

Nigerian Okra Soup

May 17, 2020
Afro Sports: Development of Basketball in Benin Republic

Afro Sports: Development of Basketball in Benin Republic

May 19, 2022
Russia-Ukraine war: AfDB President warns of incoming food crisis in Africa

Russia-Ukraine war: AfDB President warns of incoming food crisis in Africa

May 18, 2022
Angola: APPO Launches African Energy Bank Initiative

Angola: APPO Launches African Energy Bank Initiative

May 16, 2022
Africanian

Copyright © 2022 Africanian.com.

Follow Us

No Result
View All Result
  • News
  • Politics
  • Business
  • Health
  • Sports
  • Entertainment
  • Tech
  • Travel
  • World

Copyright © 2022 Africanian.com.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Log In

Sign In

Forgot password?

Don't have an account? Register

Forgot password?

Enter your account data and we will send you a link to reset your password.

Back to Login

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Accept

Add to Collection

  • Public collection title

  • Private collection title

No Collections

Here you'll find all collections you've created before.