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
11 June 2026

Life sciences: DFIs test a new frontier in health PPP

Biovac’s EU-backed quasi-equity package and Brazil’s planned $1.2 billion vaccine PPP suggest that life-sciences are increasingly viewed as social infrastructure. But even...

Perspective
18 June 2026

Tanzania SGR: Multi-sourced from Mwanza

Tanzania’s latest standard gauge railway financing shows that African transport corridors can access global liquidity. But only when sovereign risk, export credit, MDB...