Zambia: African Development Bank Group approves $255m loan and $10m grant to advance the Lobito Economic Corridor
The Board of Directors of the African Development Bank Group has approved a $255 million loan from the African Development Fund and a $10 million grant from the Rome Process/Mattei Plan Financing Facility to support Zambia’s participation in the Lobito Corridor development initiative. The Bank Group’s support forms part of a coordinated effort with multilateral and bilateral partners to advance an integrated economic corridor approach. Read More