AfDB okays three-year Zim plan

By Stanley James

The African Development Bank (AfDB) board of directors has approved a three-year strategic plan for Zimbabwe, focusing on the revival of the mining, agriculture and the Small to Medium Enterprises sector.

The three sectors are an integral part of Zimbabwe’s economic revival plans.

Newly appointed resident representative for the regional bank, Ms Moono Mutopola expressed confidence over the strategic plan.

“The plan is being worked out to ensure there is sustenance of key sectors of the economy such that if there are any possibilities to boost ties we can therefore explore further in the short to long term,” said Ms Mutopola.

The government has also committed to clear its arrears with the AfDB as part of the second reform agenda focused on a return to the global community through mending ties and strengthening existing relations.