AFRICAN DEVELOPMENT BANK.

The African Development Bank (AfDB) has approved the Country Strategy Paper (CSP) for Zambia for 2024-2029. The CSP focuses on two priority areas: boosting the development of the private sector through investments in infrastructure and developing the country's agricultural value chain. The Bank's interventions will include expanding the road and rail network, improving access to water and sanitation facilities, and supporting the agricultural sector. In addition, the AfDB has signed a loan agreement with the Fonds d'équipement communal (FEC) in Morocco to fund sustainable infrastructure projects, and a Trade Finance Transaction Guarantee Facility with NMB Bank Limited Zimbabwe to unlock trade finance opportunities for Zimbabwean small and medium-sized enterprises. These initiatives aim to improve livelihoods, create job opportunities, and support economic growth in the respective countries. [Extracted from the article]