The Department of Public Works and Infrastructure, the National Treasury, and the Development Bank of Southern African have signed a Memorandum of Agreement for the establishment of the Infrastructure Fund.
The Eastern and Southern African Trade and Development Bank (TDB) has donated US$500,000 to support COVID-19 response across Africa by the Africa Centres for Disease Control and Prevention (Africa CDC).
In ordinary times, it takes Boureima Diawara two or three days to truck his mangoes the 1,200 km from southern Mali to Senegal’s seaside capital Dakar.
The World Bank will grant $7 million to Zimbabwe to help it fight the new coronavirus outbreak that is expected to worsen an already struggling economy and food crisis, a bank spokesman said on Wednesday.
Labour unions have welcomed the R3.5 billion funding of South African Airways (SAA) by the Development Bank of Southern Africa.
SAA is fighting for its survival after it entered into a form of bankruptcy protection in December.
Last week, I led a government delegation to the first Russia-Africa Summit, convened in the Black Sea resort city of Sochi.
Five months ago, Cyclone Idai ripped through the Southern African region, causing a massive humanitarian disaster that affected three million people.
The World Bank has increased emergency support for the three southern African countries affected by a devastating cyclone that killed hundreds in March to $700 million, the lender said on Friday.
Institutions such as the BRICS New Development Bank will need at least U$90 trillion by 2030, to deal with the global sustainable infrastructure.