Development Bank of Zambia

The African Development Bank Board of Directors has approved USD 50 million line of credit to the Development Bank of Zambia for local Small and Medium Enterprises [SME’s]. This was disclosed when AfDB Resident Representative Damoni Kitabire paid a courtesy call on Finance Minister Felix Mutati today. “This concessional facility comes at an opportune time as it exemplifies your rising confidence in our economic governance, and will assist us in strengthening growth areas and reducing unemployment among our people,” said the Minister.