Finance

AfDB appoints new head for Zim

BUSINESS REPORTER

The African Development Bank (AfDB) has appointed economist Walter Odero as Officer in Charge for the Zimbabwe office until the appointment of a new country manager.

The Zimbabwe office has no country manager following the retirement of Damoni Kitabire last month after working for the bank for 13 years.

He had been country manager since November 2017.

Before his appointment to lead the Zimbabwe office in the interim, Odero was the country economist.

Zimbabwe is a shareholder in AfDB and the Abidjan-headquartered banking group has responded to Zimbabwe’s pleas to mitigate the effects of the Covid-19 pandemic.

In June, the AfDB board approved a grant of US$8.9m to bolster Covid-19-related control measures in six Sadc countries including Zimbabwe.

AfDB said the grant would facilitate the procurement of laboratory and medical supplies, including testing kits, personal protective gear and non-invasive ventilators in six Sadc countries–Lesotho, Malawi, Madagascar, Mozambique, Zambia and Zimbabwe.

In May, AfDB approved a US$13.7m grant to help mitigate the impact of the Covid-19 pandemic following a plea by the Southern African nation. AfDB said the funds will go to Zimbabwe’s Covid-19 Response Project (CRP), which aims to mitigate the impact of the pandemic in the country beset by economic and social constraints.

The CRP, it said, would focus on 15 high-density urban suburbs in Harare the capital, satellite townships, and targeted health facilities in other areas of the country.

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