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


Perspective
07 September 2026

Lending franchises, meet private capital expertise

The first half of 2026 posted a modest improvement on the same period in 2025. But the DFIs and MDBs that drove that recovery were more responsive to the needs of sovereigns...

Perspective
14 September 2026

The next frontier for onshore wind in the Balkans

DFIs have been crucial in closing onshore wind financings in the Western Balkans, though structures are evolving to make deals bankable on a purely commercial basis. But the...