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
31 March 2026

TDB's Tadesse moves from cautious optimism to high alert for...

Admassu Tadesse, group president at Trade and Development Bank Group, is bracing for the impact of geopolitical turmoil on the African continent’s financing. All the more...

Perspective
02 April 2026

Uxolo: AIIB’s Stipe on stirring the funding mix

Uxolo spoke with AIIB’s head of funding, Darren Stipe, to outline the MDB’s fundraising programme for 2025 and beyond. From multi-currency issuances to a broadening church of...