Tue, 13 Jun 2017 13:42:44 +0000 AfDB ploughs $1.09bn in Zambia’s economy By BUUMBA CHIMBULU PROJECT portfolio for Zambia from the African Development Bank (AfDB) as at December 2016 stood at US$1.09 billion which has since been invested in 23 on-going and approved operations in different sectors of the economy. According to the bank, two out of the 23 on-going projects are multinational. The portfolio was distributed across seven sectors, namely transport allocated 32 percent, water supply and sanitation 22 percent. Other sectors were the agriculture 17 percent, energy 12 percent, finance 7 percent, social 6 percent and environment 4 percent. This is according to an AfDB 2016 annual report for Zambia. The report indicated that AfDB was one of the largest providers of development finance to Zambia, with current total commitments of more than US$1 billion distributed in the seven economic sectors. “As at December 2016, the average age of the operations was 2.5 […]
