December 5th, 2013

AfDB Provides U.S. $73.6 million to Malawi and Zambia for Multinational Nacala Road Corridor Phase IV

Posted on 05 Dec 2013 at 7:14pm
The Board of Directors of the African Development Fund (ADF), the concessionary arm of the African Development Bank (AfDB) Group (http://www.afdb.org), approved on Tuesday, December 3 a loan of US $65.0 million and a grant of US $900,000 to Malawi, and a loan of US $7.7 million to Zambia, respectively, for a total of about US $73.6 million, for the Multinational Nacala Road Corridor Development Project Phase…