News
26 June 2020

African Development Fund boosts COVID-19 fight in 6 countries

In:
Social infrastructure
Region:
Middle East & Africa

The African Development Fund has approved nearly $8.9 million in grant funding to bolster COVID-19-related control measures in six Southern African Development Community countries.

The funds will facilitate the procurement of laboratory and medical supplies, including testing kits, personal protective gear and non-invasive ventilators in Lesotho, Malawi, Madagascar, Mozambique, Zambia and Zimbabwe.

The pandemic is projected to have a substantial economic impact on the SADC member countries. For instance, real GDP in all the SADC countries, except Zimbabwe, is forecast to contract in 2020.

You might also like


Interview
19 February 2026

Perspectives: Kexim ups emphasis on equity and project fund...

Seung-Hoon Lee is now head of Export-Import Bank of Korea (Kexim’s) investment finance team, having recently been director of the new development finance team in the agency’s...

Perspective
27 February 2026

Cabo Verde proves African airports are no longer peripheral

Rising investor confidence and a new focus on sustainability are redefining aviation finance in Africa. Thanzi Ramukosi, an investment specialist at with Ninety One, which...