Zimbabwe Obtains Funding From African Lenders

African lenders including the African Development Bank and African Export-Import Bank provided more than USD1 billion in credit lines to Zimbabwe. "Our immediate efforts to get USD1 billion in direct aid haven't been as successful," Economic Planning Minister Elton Mangoma was quoted by

as saying. The African nation secured only USD35 million in aid prior to the latest loans.

About the author

  • Ma. Rizza Leonzon

    As a former staff writer, Rizza focused mainly on business coverage, including key donors such as the Asian Development Bank and AusAID.