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Posts Tagged ‘African Development Bank’
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February 5, 2018

Mnangagwa says Zim is open for business

Zimbabwe President Emmerson Mnangagwa has portrayed Zimbabwe as welcoming investors from around the world, highlighting that his administration was re-integrating white commercial farmers to boost agricultural productivity and insisting that there would be no immunity for members of the previous administration headed by Robert Mugabe.

This was the gist of Mnangagwa’s 30-minute insight interview at the World Economic Forum (WEF) in Davos yesterday.

Zimbabwe – which can expect economic growth of 1percent this year, according to the African Development Bank and the International Monetary Fund – is desperate for international capital and is banking on the [...]

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October 27, 2017

US investors pledge over $1 billion for SA

Hardly 24 hours after Finance Minister Malusi Gigaba tabled what was a difficult medium term budget, a leading United States investor has announced plans to invest over $1 billion in South Africa over the next few months.

Ambassador Harold Doley, Jr, the Governor of the African Development Bank, said as an international investor, the medium term budget, which gave a frank assessment of the state of the fiscus and the economy, has signalled for investors to commit resources to South Africa.

“We think that what you have done is tabled a watershed budget and as an international investor, you have sent a signal to a group of investors that I represent as a lead investor [...]

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